Standard Lithium Make First Pilot-Scale Battery Quality Lithium Carbonate, Engages Investor Relations Firm, LHA
Standard Lithium Make First Pilot-Scale Battery Quality Lithium Carbonate, Engages
Investor Relations Firm, LHA
09 January 2019 – Vancouver, BC – Standard Lithium Ltd.(“Standard Lithium” or the
“Company”) (TSXV: SLL) (OTC-Nasdaq Intl. Designation: STLHF) (FRA: S5L), announced that
the Company has produced its first quantity of battery quality (>99.56% purity) lithium
carbonate.
Dr. Andy Robinson, President and COO of Standard Lithium, commented, “We continue to be
very pleased with the performance of our prototype pilot. Whilst we had previously made
‘battery quality’ carbonate at bench scale using our proprietary technology, we consider it an
important milestone that we can achieve the same very high levels of purity at the larger scale
of our prototype pilot. This has provided Standard Lithium, our Technical Team and our design
partners with all the confidence needed to commence detailed design on the main crystallisation
pilot plant, and this work is now ongoing.”
The battery quality lithium carbonate was produced at the Company’s prototype Lithium
Carbonate Crystallisation Pilot Plant operated by Saltworks Technologies Inc., at their facility in
Richmond, British Columbia, Canada. The Crystallisation Pilot Plant is based on Standard
Lithium’s proprietary technology, and information regarding its commissioning and first results
were reported in news dated December 12, 2018 . As previously reported, the synthetic feed
solution to the crystallisation process was relatively ‘impure’; similar to, but less pure than that
produced by the Company’s Lithium Extraction Process (as per ongoing testing at the
Company’s mini-pilot plant in Ontario).
Lithium Carbonate Crystallisation Pilot Plant
The prototype crystallisation plant was operated as a two-stage crystallisation process. The
initial solids produced from the first run (as previously reported December 12, 2018), were re-
solubilised and crystallised a second time. The solids produced from this second run (second
stage as reported here) were then hot-washed, filtered and dried. The resulting lithium
carbonate crystals were a fine free-flowing powder and were >99.56% pure. Despite the fact
that the synthetic starting solution had more impurities than are anticipated to be present in the
solution the upstream process will produce, lithium carbonate purity targets were met, giving a
measure of comfort that the crystallisation process is robust. Additional optimisation is now
being performed, and the technical team will also be adjusting the composition of the input feed
stream so as to optimise how the two parts of Standard Lithium’s proprietary technologies work
together.
Quality Assurance
Dr. Ron Molnar, Professional Metallurgical Engineer (Ontario P.E.# 100111288), is a qualified
person as defined by NI 43-101, and has reviewed and approved the scientific and technical
information that forms the basis for this news release. Dr. Molnar is independent of the
Company.
Investor Relations
Standard Lithium Ltd. also announced it has retained the services of Lippert/Heilshorn &
Associates, Inc.(“LHA”) to provide investor relations services to the Company. Services will
include providing guidance on best practices for shareholder communication, drafting and
reviewing of corporate disclosure and coordinating conferences and presentations with
shareholders and the investment community. LHA will be compensated at a rate of US$15,000
per month for an initial twelve-month term. The agreement is subject to the approval of the TSX
Venture Exchange.
Founded in 1984 with headquarters in New York and offices in Los Angeles and San Francisco,
LHA is comprised of seasoned professionals working in teams who are committed to serving
small-cap companies across multiple industry sectors. Market capitalizations of LHAs clients
range from under $100 million to over $10 billion.
About Standard Lithium Ltd.
Standard Lithium (TSX: SLL) is specialty chemical company focused on unlocking the value of
existing large-scale US based lithium bearing brine resources. The company believes new
lithium production can be brought on stream rapidly by minimizing project risks at selection
stage; resource, political & geographic, regulatory & permitting, and by leveraging advances in
lithium extraction technologies and processes. The Company’s flagship project is located in
southern Arkansas, where it is engaged in the testing and proving of the commercial viability of
lithium extraction from over 150,000 acres of permitted brine operations utilising the Company’s
proprietary selective extraction technology. The Company is also pursuing the resource
development of over 30,000 acres of separate brine leases located in southwestern Arkansas
and approximately 45,000 acres of mineral leases located in the Mojave Desert in San
Bernardino County, California.
Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”;
quoted on the OTC – Nasdaq International Designation: STLHF; and on the Frankfurt Stock
Exchange under the symbol “S5L”. Please visit the Company’s website at
www.standardlithium.com.
Contact Information
Standard Lithium, Anthony Alvaro, (604) 240 4793
LHA Investor Relations, Mary Magnani, (415) 433-3777, [email protected]
Forward Looking Statements Neither 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
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 affections such statements and information other than as required by applicable laws, rules and
regulations.