Standard Lithium Ltd. (NYSE American: SLI) reported significant progress across its portfolio for the third quarter of fiscal 2025, highlighted by the completion of a Definitive Feasibility Study (DFS) for its South West Arkansas (SWA) Project and a Maiden Inferred Resource for the Franklin Project in East Texas. The company also closed an upsized $130 million underwritten public offering to advance both projects, received final integration approval from the Arkansas Oil and Gas Commission, and reported the highest lithium-in-brine grade to date from the SWA area at 616 mg/L.
The DFS for the SWA Project underscores the attractiveness and cost-competitiveness of the project, according to CEO David Park, who noted that the results provide a strong foundation for scalable production in the Smackover formation. The company remains positioned to reach a final investment decision (FID) on the SWA Project and begin construction in 2026.
Subsequent to the quarter-end, Standard Lithium closed an upsized $130 million underwritten public offering, which will be used to advance both the SWA and Franklin projects. The company also received final integration approval from the Arkansas Oil and Gas Commission, a key regulatory milestone. Additionally, the company reported the highest lithium-in-brine grade to date from the SWA area at 616 mg/L, further validating the resource quality.
The Franklin Project in East Texas also achieved a milestone with the declaration of a Maiden Inferred Resource, highlighting the potential for additional lithium production in the region. Standard Lithium is advancing its lithium brine properties in the Smackover Formation, a world-class lithium brine asset, with a focus on sustainable development using a scalable and fully integrated direct lithium extraction (DLE) and purification process.
In partnership with global energy leader Equinor, Standard Lithium is advancing the SWA Project, a greenfield project located in southern Arkansas. The company is also actively advancing a promising lithium brine resource position in East Texas. For more details, the full press release is available at https://ibn.fm/NPL11.
The latest news and updates relating to Standard Lithium are available in the company’s newsroom at https://ibn.fm/SLI.
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 high-grade 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 DLE and purification process.
