Standard Lithium Ltd (SLI)

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Standard Lithium’s East Texas Drilling Program Delivers New Highest Confirmed Grade Lithium Brine in North America

EL DORADO, Ark., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced it has drilled and sampled, to the best of its knowledge, a new highest confirmed lithium grade brine in North America, with a grade of 663 mg/L lithium. The results reflect lithium sample analyses from a newly drilled well from the Company’s significant expansion work in the East Texas Smackover region.

Dr. Andy Robinson, President and COO of Standard Lithium commented, “We continue to be very excited by the quality and scale of the lithium brine assets we’re adding in East Texas. The lithium sample analysis from a newly-drilled well delivered, to the best of our knowledge, a new highest-grade lithium brine concentration in North America and confirmed that we are securing the highest-grade lithium brine resource outside of Chile and Argentina. We continue to expand our footprint in the East Texas Smackover and de-risk the opportunity with additional drilling, sampling and definition work.”

“East Texas is a significant addition to our two more advanced projects in Arkansas, the Phase 1A and South West Arkansas Projects,” added Dr. Robinson. “We expect our East Texas landholdings to form a substantially larger and higher-grade lithium brine project for future production. Standard Lithium will continue to progress its portfolio of projects to help meet U.S. demand for lithium over the next decade.”

https://www.standardlithium.com/investors/news-events/press-releases/detail/156/standard-lithiums-east-texas-drilling-program-delivers