Norman Steps Into New Role as CAO
Standard Lithium Strengthens C-Suite: Salah Gamoudi Appointed CFO, Kara
Norman Steps Into New Role as CAO
VANCOUVER, British Columbia, Sept. 25, 2023 -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI)
(NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced an enhanced C-suite with the
addition of Salah Gamoudi as Chief Financial Officer, effective October 1, 2023. This decision aligns with the Company's efforts
to bolster its senior leadership as it prepares for a dynamic phase of growth.
Robert Mintak, CEO and Director of Standard Lithium, stated, “As we place greater emphasis on commercial construction,
resource expansion, and strategic partnerships, Salah's addition is timely. Kara Norman's leadership as CFO, especially
during our early growth and the NYSE American listing, has been foundational. With Salah joining as CFO and Kara
transitioning to the Chief Accounting Officer role, we're strategically positioning our leadership for the Company's next chapter.”
Salah Gamoudi commented, “Joining Standard Lithium at this pivotal moment is very exciting. The team's commitment to
sustainable, American-based lithium production, and strategic growth resonates with me. Drawing from my energy sector
experience, I'm eager to further the Company's mission and contribute to amplifying value for our shareholders.”
Mr. Gamoudi has most recently served as Executive Vice President and Chief Financial Officer of SandRidge Energy, Inc.
from April 2020 to September 2023 (NYSE:SD). During his tenure at SandRidge, the company experienced a significant
increase in value, delivering substantial returns to shareholders. Prior to joining SandRidge, Mr. Gamoudi had most recently
served as the Chief Accounting Officer of Jones Energy, Inc. from October 2018 until April 2020. Mr. Gamoudi previously had
served in the same role for Remora Petroleum, LP from May 2017 until October 2018. Prior to joining Remora, Mr. Gamoudi
served as Controller for Glacier Oil & Gas Corp. and its predecessor company, Miller Energy Resources, from July 2015 until
May 2017. Prior to then, Mr. Gamoudi served in various oil & gas audit, accounting, risk management and financial roles with
LRR Energy, LP, Deloitte and Ernst & Young. His cumulative experiences, especially within the U.S. domestic upstream
energy sector, promise to bring invaluable insights to Standard Lithium's growth strategy.
Mr. Gamoudi's recognition as one of the “Forty Under Forty” by Hart Energy’s Oil and Gas Investor in 2022 highlights his
notable contributions to the sector. Mr. Gamoudi received a B.A. in Accounting from Portland State University and is pursuing
an MBA at the Wharton School of Business at the University of Pennsylvania.
As Chief Financial Officer at Standard Lithium, Mr. Gamoudi will direct the Company's financial strategy and lead its investor
relations and market-facing activities, with a focus on expanding shareholder outreach, communication and value creation.
Kara Norman, in her transition to the role of Chief Accounting Officer, will streamline accounting operations. She will oversee
the financial close process, manage SEC filings, and ensure stringent internal controls for precise and timely reporting.
In connection with this appointment, Mr. Gamoudi has been granted 350,000 incentive stock options (the “Options”)
exercisable at a price of $4.00 until September 25, 2028. The Options vest and become exercisable over a thirty-six month
period, with 100,000 vesting after six months and the balance in three equal parts on each anniversary.
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a
portfolio of lithium-brine bearing properties in the United States. The Company prioritizes brine projects characterized by high-
grade resources, robust infrastructure, skilled labor, and streamlined permitting. The Company 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, the Phase 1A Project and the South West Arkansas Project, are
located on the Smackover Formation in southern Arkansas near the Louisiana state line, a region with a long-standing and
established brine processing industry. The Company has also identified a number of highly prospective lithium brine project
areas in the Smackover Formation in East Texas and began an extensive brine leasing program in the key project areas. In
addition, the Company has an interest in certain mineral leases located in the Mojave Desert in San Bernardino County,
California.
Standard Lithium trades on both the TSX Venture Exchange 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.
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) 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 timelines, future prices of
commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government
requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure,
fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada
and the United States, 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, 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.
Investor and Media Inquiries
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