EL DORADO, Ark., May perhaps 02, 2022 (World NEWSWIRE) — Typical Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technologies and lithium venture growth corporation, right now announced the graduation of a Preliminary Feasibility Analyze (PFS) at its South West Arkansas Lithium Project (the “Project”), which is situated roughly 35 miles west of the Company’s Lanxess undertaking.
Regular Lithium recently finished a Preliminary Financial Evaluation at the Challenge (see Corporation news launch Nov 26, 2021), and on the foundation of positive project economics and favorable job fundamentals, the Company has commissioned a group of technological professionals to full a NI43-101 compliant PFS for the Challenge. The PFS will look at an built-in task like brine offer and injection wells, pipelines and brine remedy infrastructure, a Immediate Lithium Extraction (“DLE”) plant making use of the Company’s proprietary LiSTR technologies, and a lithium chloride to lithium hydroxide conversion plant.
Dr. Andy Robinson, President and COO of Regular Lithium commented “next the key financial commitment from Koch Strategic Platforms in Q4 2021, we have been capable to increase our crew with more technological and administration strength. Now we can manage and travel multiple projects in parallel. The commencement of this detailed PFS is a testament to the Company’s ambition to not only deliver the very first new industrial lithium project into production in the United States in six decades, but also to have a sturdy pipeline of subsequent tasks that will provide the potential desire for lithium substances in North The united states. We have assembled a broad team of consultants, complex advisors and subject matter make any difference professionals to total all the needed function for this PFS, and we will also be working hand in hand with our strategic and venture associates to make sure effective execution. We hope to complete the bulk of the perform through the equilibrium of 2022, with completion and reporting of the effects of the PFS in Q1 2023.”
Regular Lithium has engaged Hunt, Guillot & Associates from Ruston, Louisiana (“HGA”) as the guide specialist, to put together and coordinate the PFS with assistance of a multi-disciplinary specialized staff. The work plan to assistance the PFS will consist of the next:
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Reentry of current wells throughout Normal Lithium’s brine lease location to acquire new representative brine samples from the Smackover Formation
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Reperforation of present wells, exactly where feasible, to get hold of discrete depth-specific brine samples from previously unsampled zones of the Smackover
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Drilling of a new well in a crucial place to full information protection across the Company’s brine lease region
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Prolonged period pumping tests from selected wells to take a look at hydrogeological and reservoir conditions for brine extraction and reinjection
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Assortment of huge volume brine samples for the duration of pumping tests to make it possible for the South West Undertaking brine to be processed via Conventional Lithium’s proprietary LiSTR DLE course of action
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Acquisition and reprocessing of extra 2D seismic data across and adjacent to the Company’s brine leases
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Era of a new 3D reservoir design to ascertain an current in-situ lithium source, and extraction/reinjection creation programs for the professional facility
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Completion of a number of Pilot Reports with engineering companions to check the lithium chloride to lithium hydroxide conversion system at enough scale and duration. These research will be done employing LiCl manufactured by the Company’s working LiSTR Demonstration Plant
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Current capital expenditures (AACE Course 4 estimate +45/-25%) for a very similar 30,000 tonnes for every annum lithium hydroxide facility as formerly contemplated by the PEA
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Running charges up-to-date and benefited by the details gathered all through 2+ decades of steady operation of the LiSTR Demonstration Plant in Union County, Arkansas and,
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Fully up to date challenge economics employing revised potential pricing for lithium hydroxide made and delivered in North America.
Quality Assurance
Steve Ross, P.Geol., a Skilled Man or woman as described by NI 43-101, has reviewed and approved the suitable scientific and complex info that forms the foundation for this information launch. Mr. Ross is a marketing consultant to the Organization.
About Conventional Lithium Ltd.
Conventional Lithium is an progressive technological innovation and lithium improvement company. The Company’s flagship challenge is found in southern Arkansas, where it is engaged in the tests and proving of the professional viability of lithium extraction from more than 150,000 acres of permitted brine operations. The Company operates its to start with-of-a-sort industrial-scale Direct Lithium Extraction (DLE) demonstration plant at Lanxess’s south plant facility in southern Arkansas. The demonstration plant makes use of the Company’s proprietary LiSTR technological know-how to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is getting utilized for proof-of-thought and business feasibility research. The scalable, environmentally helpful system gets rid of the use of evaporation ponds, reduces processing time from months to hrs and drastically boosts the effective restoration of lithium. The Corporation is also pursuing the useful resource development of above 30,000 acres of individual brine leases located in southwest Arkansas, referred to as the South West Arkansas Lithium Task, and somewhere around 45,000 acres of mineral leases found in the Mojave Desert in San Bernardino County, California.
Common Lithium is jointly shown on the TSX Enterprise Exchange and the NYSE American under the trading symbol “SLI” and on the Frankfurt Inventory Exchange underneath the image “S5L”. Remember to stop by the Company’s web-site at https://www.standardlithium.com.
On behalf of the Board of Common Lithium Ltd.
Robert Mintak, CEO & Director
Neither TSX Venture Exchange nor its Regulation Solutions Service provider (as that expression is defined in insurance policies of the TSX Venture Trade) accepts obligation for the adequacy or precision of this release. This news launch might consist of certain “Forward-Wanting Statements” in just the this means of the United States Personal Securities Litigation Reform Act of 1995 and applicable Canadian securities rules. When utilised in this information launch, the text “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other comparable words and phrases or expressions detect forward-on the lookout statements or information. These ahead-wanting statements or details may well relate to upcoming selling prices of commodities, precision of mineral or source exploration exercise, reserves or methods, regulatory or governing administration necessities or approvals, the reliability of 3rd celebration information and facts, continued accessibility to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, adjustments in exploration charges and federal government regulation in Canada and the United States, and other factors or data. This kind of statements stand for the Company’s current views with respect to upcoming events and are necessarily based on a range of assumptions and estimates that, though considered affordable by the Business, are inherently subject to significant enterprise, economic, competitive, political and social threats, contingencies and uncertainties. Numerous components, equally acknowledged and unknown, could lead to success, performance or achievements to be materially distinct from the benefits, general performance or achievements that are or might be expressed or implied by these kinds of ahead-looking statements. The Business does not intend, and does not suppose any obligation, to update these ahead-searching statements or info to replicate variations in assumptions or improvements in situations or any other functions affections this kind of statements and information other than as required by applicable regulations, procedures and rules.
Get hold of: For further information and facts get in touch with: LHA Investor Relations David Barnard +1 415-433-3777 [email protected] [email protected] Twitter: @standardlithium LinkedIn: https://www.linkedin.com/corporation/standard-lithium/
