Standard Lithium Ltd. (“Standard Lithium” or the
“Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading
near-commercial lithium company, today announced its financial and
operating results for the fiscal first quarter 2025 ended September
30, 2024.
“Our fiscal first quarter highlights demonstrate
our commitment to doing what we say we’re going to do,” said David
Park, Chief Executive Officer and Director of Standard Lithium. “We
told you that we would pursue Government grants, and we have been
conditionally approved for $225 million – one of the largest grant
awards for a domestic critical minerals project – from the U.S.
Department of Energy. The conditional grant is a testament to the
world-class caliber of the South West Arkansas project and the good
work the team has done to de-risk and advance the project now to a
FEED stage.”
“Now is the time for us to prioritize, focus and
execute. Our attention turns to bringing production online for our
shareholders, and the next right step for us is to move forward
with customer off-take commitments and financing. We can then
continue to advance, in partnership with Equinor, the South West
Arkansas project and leasing foothold in East Texas.”
Fiscal First Quarter 2025
Highlights
All amounts are in US dollars.
- Received conditional $225
million grant from the U.S. Department of Energy (“DOE”) for the
South West Arkansas Project (“SWA”). The grant is expected
to support construction of the Central Processing Facility for
Phase 1 of the SWA project in the Smackover Formation. Phase 1 is
currently contemplated to produce 22,500 tonnes of battery-quality
lithium carbonate annually beginning in 2028. The grant is one of
the largest ever awarded to a U.S. critical minerals project.
- Appointed David Park as
Chief Executive Officer and Director of the Company. Mr.
Park assumed the position of Chief Executive Officer (“CEO”) on
September 1, 2024, following the retirement of CEO, Director and
founder Robert Mintak. Mr. Park joined the Company as a strategic
advisor in July 2023 at Mr. Mintak’s request and worked closely
with him, playing a pivotal role in securing the strategic
partnership with Equinor. Previously, Mr. Park served in various
leadership roles at Koch Industries for 28 years and brings with
him significant experience in the energy and industrial sectors.
Mr. Mintak has been retained as an advisor to the Company and
continues to ensure the transfer of institutional knowledge to the
executive team.
- Change in reporting and
presentation currency from CAD to USD. Effective July 1,
2024, the Company began using USD rather than CAD in its financial
reporting and external marketing materials. The Company made this
change given that its most significant assets and liabilities are
denominated in USD and for consistency with peer companies in the
lithium industry.
- Cash and working capital of $28.9
million and $24.7 million, respectively, as of September 30,
2024.
- The Company has no term or
revolving debt obligations as of September 30, 2024.
Subsequent Events to the Fiscal First
Quarter 2025
- Entered into a license
agreement (“Agreement”) with Koch Technology Solutions (“KTS”) to
deploy and use KTS’ Li-Pro™ Lithium Selective
Sorption (“Li-pro LSS”) technology. Under the license
agreement, SWA Lithium, the jointly-owned U.S. subsidiary of
Standard Lithium and Equinor, will utilize Li-pro LSS at the
commercial processing facility for Phase 1 of the SWA project. The
Agreement includes a first-of-its-kind performance guarantee from
KTS for lithium recovery, contaminant rejection and water use. In
addition, it allows for continued, exclusive joint development of
the technology in the Smackover Formation.
- Commercial-scale direct
lithium extraction (“DLE”) at the Demonstration Plant continues to
exceed expectations. The Company installed a
commercial-scale DLE column in late March 2024 and has been
operating the column continuously. The column is a Li-pro LSS unit,
supplied by KTS and identical to those currently being integrated
into the front-end engineering and design (FEED) study for the SWA
project. Key technical highlights of the commercial-scale DLE
column include: lithium recovery efficiency of 95.4% and excellent
contaminant rejection rates. Nearly 10,000 operational cycles have
been completed by the Li-pro LSS technology to date.
Consolidated Financial
Statements
This news release should be read in conjunction
with the Company’s Consolidated Financial Statements and MD&A
for the quarter ended September 30, 2024, which are available on
the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on
EDGAR at www.sec.gov.
FISCAL Q1 2025 RESULTS CONFERENCE CALL
AND WEBCAST
The Company will hold a conference call and
webcast to discuss its fiscal first quarter 2025 results on
Thursday, November 21st at 5:00 p.m. ET. Access to the call is
available via webcast or direct dial.
Conference Call and Webcast
DetailsStandard Lithium First Quarter 2025 Results Call
and WebcastNovember 21, 2024 5:00 p.m. Eastern Time (US and
Canada)
Participant Information:USA / International Toll
+1 (646) 307-1963USA - Toll-Free (800) 715-9871Canada - Toronto
(647) 932-3411Canada - Toll-Free (800) 715-9871
Attendee Webcast
Link:https://events.q4inc.com/attendee/565402822
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, focused in Arkansas and Texas. In partnership
with global energy leader Equinor ASA, 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
Corporation, a brownfield development project located in southern
Arkansas. 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 and the NYSE American under the symbol “SLI”; and on the
Frankfurt Stock Exchange under the symbol “S5L”. Please visit the
Company’s website at www.standardlithium.com.
Qualified Person
Steve Ross, P.Geol., a qualified person as
defined by National Instrument 43-101, and Vice President Resource
Development for the Company, has reviewed and approved the relevant
scientific and technical information in this news release.
Twitter: @standardlithiumLinkedIn:
https://www.linkedin.com/company/standard-lithium/
Neither the 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 intended development timelines, 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 affecting such
statements and information other than as required by applicable
laws, rules and regulations.
Investor and Media Inquiries
Allysa Iverson
Vice President, IR & Corporate Communications
+1 720 484 1147
a.iverson@standardlithium.com
Standard Lithium (TSXV:SLI)
過去 株価チャート
から 11 2024 まで 12 2024
Standard Lithium (TSXV:SLI)
過去 株価チャート
から 12 2023 まで 12 2024