Standard Lithium Climbs on Newest from Arkansas Plant
Much of the financial world is slowing coming out of its collective Thanksgiving-weekend coma, and one Vancouver-based company is spotlighting its achievements stateside.
Standard Lithium Ltd. (TSX-Venture:SLL), which purports to be “an innovative technology and lithium development company,” told the investment world about successful installation of its industrial-scale Direct Lithium Extraction Demonstration Plant at Lanxess’ South Plant facility in southern Arkansas.
Standard’s project team has also installed the site office/control room, the lithium-specific analytical laboratory, and a steel-framed, all-weather structure that allows year-round operation.
According to CEO Robert Mintak, “The commissioning of our industrial-scale pre-commercial plant will solidify Standard Lithium as one of the most advanced lithium projects in North America.
“Our recently completed Preliminary Economic Assessment contemplates the production of 20,900 tonnes of battery-quality lithium carbonate from existing brine flow, roughly five times the current domestic U.S. production, and that is without drilling a new well.”
Standard shares approached noon EST Monday up six cents, or 6.9%, to 93 cents, on volume of just over 53,000