2024 1 STANDARD LITHIUM ANNOUNCES LEADERSHIP TRANSITION FOR STRATEGIC GROWTH AND NEXT STEPS IN VALUE CREATION POSITIONING STANDARD LITHIUM FOR NEXT PHASE OF CORPORATE GROWTH 1st August 2024, Vancouver, British Columbia – Standard Lithium Ltd. (“Standard Lithium”
1st August, 2024
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STANDARD LITHIUM ANNOUNCES LEADERSHIP
TRANSITION FOR STRATEGIC GROWTH AND
NEXT STEPS IN VALUE CREATION
POSITIONING STANDARD LITHIUM FOR NEXT PHASE OF CORPORATE GROWTH
1st August 2024, Vancouver, British Columbia – Standard Lithium Ltd. (“Standard Lithium”
or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L),a leading near-commercial
lithium development company, today announced a leadership transition that aligns with the
Company's growth strategy and next steps in value creation.
Effective September 1, 2024, Robert Mintak will retire as Chief Executive Officer and remain
engaged as an advisor through August 2025. David Park will assume the position of Chief
Executive Officer effective September 1, 2024.
Over the past year, David Park has been actively engaged with Standard Lithium as a strategic
advisor, working closely with the senior management team. His deep understanding of the
Company's vision and strategic goals, coupled with his respected position within the organization,
has made him a key contributor to the Company’s recent successes. Mr. Park has been involved
extensively across corporate, project, and strategic developments, ensuring alignment and
effective execution of initiatives, including helping to secure Equinor ASA (“Equinor”) as a
strategic partner.
Prior to his advisory role, Mr. Park served as President of Koch Strategic Platforms (“KSP”), the
division of Koch Industries which invested in Standard Lithium in 2021. Before that, Mr. Park
served as Senior Vice President, Strategy and Business Development of Georgia-Pacific, LLC, a
subsidiary of Koch Industries, and held other significant roles at Koch, including President of
TrueNorth Energy and Koch Exploration, and CFO of Koch’s Canadian exploration and
production, pipeline, and energy trading business.
Mr. Park began his career at Koch in its business development group, after serving as an
International Business Development Specialist at Atomic Energy of Canada Ltd. Throughout his
career, he has successfully completed more senior and complex roles, focussed on delivering
outstanding corporate growth, underscoring his ability to drive success and generate significant
value for Standard Lithium.
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The appointment of Mr. Park as the next CEO is the culmination of a thorough succession
planning process by the Company’s Board of Directors, which looked to bring in a candidate who
could lead Standard Lithium in its next phase of growth and value creation for shareholders. This
transition comes at a pivotal time, coinciding with the recent partnership with Equinor, which has
significantly strengthened the Company’s position and set the stage for accelerated progress and
innovation.
During his more than seven years as CEO, Robert Mintak has been instrumental in establishing
Standard Lithium as a leader in the lithium sector. During his tenure, the Company developed
key strategic partnerships and secured significant investments, including those with LANXESS,
Tetra Technologies, Koch Industries and Equinor. These collaborations have advanced the
Company’s projects and positioned Standard Lithium for success.
Robert Cross, Chairman of the Board said, "Robert was a co-founder of the Company and his
leadership and commitment has been critical in our evolution from a startup to where we are
today. In addition to the strategic relationships the Company garnered during his tenure, Robert
was very focussed on fostering strong relationships with community and state leaders, generating
substantial support for our projects in Arkansas and Texas. This collaborative approach has
distinguished Standard Lithium within the resource sector. The Board is grateful for Robert’s
accomplishments and unwavering commitment to building a foundation for our next phase of
growth.”
Reflecting on his tenure, Robert Mintak commented, "It has been an incredible journey leading
Standard Lithium and working with our talented team. I'm proud of what we've accomplished,
particularly our strong partnerships and meaningful community engagement. As an active
advisor, I will continue working with David, Andy and the team to advance our projects and
maintain our efforts in generating shareholder value. I am confident that David is well-equipped
to take the Company forward into its next chapter of growth and value creation."
Dr. Andy Robinson, President & COO, stated, "Robert and I started this Company together seven
years ago with a shared vision for Standard Lithium. His focus on strong partnerships, deep
industry relationships and community engagement has been a cornerstone of our success. We
are entering the next phase of the Company’s growth plans as we move towards commercial
development, and the entire team looks forward to accelerating this momentum with David's
leadership and we are all excited for the future opportunities that lie ahead."
David Park added, “I’m excited to have the opportunity to help build on the solid foundations
Robert and Andy have laid, and work in close partnership with Equinor, Koch, Andy and the rest
of the Standard Lithium team to drive the strategic direction and execution of our low cost,
environmentally friendly, domestic lithium projects in support of the growing American energy
storage and electric vehicle industries.”
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About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the
sustainable development of a portfolio of large, high-grade lithium-brine properties in the United
States. The Company prioritizes projects characterized by the highest quality resources, robust
infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve
sustainable, commercial-scale lithium production via the application of a scalable and fully
integrated Direct Lithium Extraction (“DLE”) and purification process. The Company’s flagship
projects are located in the Smackover Formation, a world-class lithium brine asset, focussed in
Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is
advancing the South West Arkansas Project, a greenfield project located in southern Arkansas,
and actively exploring promising lithium brine prospects in East Texas. Additionally, the Company
is advancing the Phase 1A Project in partnership with LANXESS, a brownfield development
project located in southern Arkansas. Standard Lithium operates the only commercial-scale,
continuously operating DLE Demonstration facility in North America. Standard Lithium also holds
an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.
Standard Lithium trades on both the TSX Venture Exchange (the “TSXV”) and the NYSE
American under the symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”.
Please visit the Company’s website at www.standardlithium.com.
Investor and Media Inquiries
Chris Lang
Director of Finance
+1 604 409 8154
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/
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TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify
forward-looking statements or information. These forward-looking statements or information may
relate to intended development timeline, accuracy of mineral or resource exploration activity, and
other factors or information. Such statements represent the Company’s current views with respect
to future events and are necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject to significant business,
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economic, competitive, political and social risks, contingencies and uncertainties. Many factors,
both known and unknown, could cause results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied
by such forward-looking statements. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events affecting such statements and
information other than as required by applicable laws, rules and regulations.