Standard Lithium Settles Advisory Fee Related to Equinor Partnership
STANDARD LITHIUM SETTLES ADVISORY FEE RELATED
TO EQUINOR PARTNERSHIP
Vancouver, BC – July 23, 2024 – Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:
SLI) (NYSE American: SLI), a leading near-commercial lithium development company, announces that it
has reached an agreement with an arms-length third-party advisor (the “ Advisor”) to settle a fee of
US$800,000 in consideration for the issuance of 666,667 common shares (the “ Advisory Shares”) at a
deemed price of US$1.20 per Advisory Share.
The fee relates to strategic advisory services facilitating the partnership with Equinor ASA to advance the
Company’s South West Arkansas Project and East Texas properties. Further details on this partnership
are available in the Company’s May 8, 2024, news release.
Issuance of the Advisory Shares is subject to regulatory approvals. The Advisory Shares will be subject to
a four-month-and-one-day resale restriction per applicable securities laws, and the Comapny anticipates
completing the issuance upon receipt of any regulatory required approvals.
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 (“TSXV”) and the NYSE American under the
symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the 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, 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
Chris Lang
Director of Finance
+1 604 409 8154
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/