Standard Lithium Signs Joint Venture Term Sheet with Global Specialty Chemical Company Lanxess
STANDARD LITHIUM SIGNS JOINT VENTURE TERM SHEET WITH GLOBAL SPECIALTY
CHEMICAL COMPANY LANXESS
November 12, 2018 – Vancouver, BC – Standard Lithium Ltd. (“Standard Lithium” or the
“Company”) (TSXV: SLL) (OTC -NASADAQ INTL DESIGNATION : STLHF) (FRA: S5L),
announces that it has signed a term sheet (the “Term Sheet”) with global specialty chemical
company LANXESS Corporation (“ LANXESS”) for a contemplated joint venture in the
commercial production of battery grade lithium from brine extracted from the Smackover
Formation in South Arkansas.
Standard Lithium is working with L ANXESS in a phased approach as per terms of a binding
memorandum of understanding, to develop commercial opportunities related to the production,
marketing and sale of battery grade lithium products extracted from brine produced from the
Smackover Formation.
Under the proposed terms of the joint venture, L ANXESS would contribute lithium extraction
rights and grant access to its existing infrastructure to the joint venture, and Standard Lithium
would contribute existing rights and leases held in the Smackover Formation and the pilot plant
being developed on the Property, as well as its proprietary extraction processes including all
relevant intellectual property rights. Upon proof of concept, LANXESS is prepared to provide
funding to the joint venture to allow for commercial development of the future commercial
project, and it is anticipated that the joint venture will include options for Standard Lithium to
participate in project funding on similar terms. The final terms of the joint venture and any
funding arrangement remain subject to completion of due diligence, technical proof of concept,
normal economic viability studies (e.g. Preliminary Feasibility Study etc.) to confirm the technical
feasibility and economic viability of the project, and the negotiation of definitive agreements
between the parties.
About Standard Lithium Ltd.
The Company’s flagship LANXESS 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 southwest ern Arkansas and approximately 45,000 acres of
mineral leases located in the Mojave Desert in San Bernardino County, California.
Investors are cautioned that without a Pre- Feasibility or Feasibility study prepared in
accordance with NI 43- 101 there can be no assurance that the Term Sheet will result in an
actual producing lithium mine.
Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”;
quoted on the OTC -NASDAQ INTL DESIGNATION under the symbol “STLHF”; and on the
Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at
www.standardlithium.com.
For further information, contact Anthony Alvaro at (604) 240 4793
On behalf of the Board,
Standard Lithium Ltd.
Robert Mintak, CEO & Director
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 der ivatives, 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.