Standard Lithium exercises option agreement on South West Arkansas project

Standard Lithium announced the exercise of its option agreement with TETRA Technologies, for the South West Arkansas SWA Project. This significant move affirms the Company’s strategic direction, and builds on the positive insights garnered from the recent Preliminary Feasibility Study PFS . “This is an important and natural step for us as we advance our South West Arkansas Project,” said Andy Robinson, President and COO of Standard Lithium. …The Agreement entered into with TETRA in 2017 granted the Company the exclusive option, exercisable over a ten-year period, to the brine production rights on approximately 27,000 net acres of brine leases located in Columbia and Lafayette Counties, Arkansas. Exploration activities on the brine leases commenced in 2018 to identify the presence of lithium-bearing brines, and shortly thereafter, the Company announced a maiden inferred mineral resource of 802,000 tonnes lithium carbonate equivalent at an average lithium concentration of 199 mg/L from the area now known as the SWA Project.