Standard Lithium provides update on Phase 1A commercialization progress

Standard Lithium is pleased to provide an update on the commercial progress of its Phase 1A Project at LANXESS’ South Plant near El Dorado, Arkansas. The company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the company’s initiatives in East Texas. In line with its strategic focus on core operations, LANXESS Corporation has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium. The cooperative framework is to include a brine supply and disposal agreement, a lease agreement for the production facility site, and the provisioning of certain infrastructure services. Details of the future cooperation are the subject of ongoing negotiations. These agreements will form the basis of the operational framework for the Phase 1A Project. With the Phase 1A Project’s ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project. With this increased clarity, supported by Citi for strategic financing and partnerships and BNP Paribas for debt financing and off-take negotiations, the Company is now positioned to accelerate project development and execute on its strategy to unlock the full potential of its Smackover resources.