Lithium asset developer Standard Lithium (NYSE:SLI) has been granted a patent by the U.S. Patent and trademark office (USPTO) for the company’s third U.S. patent application for the process of recovering lithium from brines.
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The company already has two patent applications for which it has also received notices of allowances. Importantly, the three applications are a part of the company’s proprietary technology for continuous direct lithium extraction (DLE) from brines.
The company now expects the issuance of formal registration of the patent in the forthcoming months. SLI continues to bolster its IP portfolio while also furthering its south Arkansas lithium projects.
Shares of the company have declined nearly 67.4% so far this year while short interest in the stock remains elevated at about 7% at present.
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