Standard Lithium Ltd. (NYSE American: SLI), in collaboration with Equinor through their joint venture Smackover Lithium, has reported a significant achievement at their South West Arkansas (SWA) Project. Sampling from the Lester well has revealed the highest lithium concentration to date, reaching 616 mg/L, with an average of 582 mg/L across three samples. This development concludes the sub-surface exploration activities for Phase 1 of the project.

The joint venture team is now focusing on advancing its Front-End Engineering Design (FEED) study, with expectations to complete a Definitive Feasibility Study by the third quarter of 2025. The aim is to reach a Final Investment Decision by the end of the same year. This progress underscores the potential of the Smackover Formation as a world-class lithium-brine asset, with Standard Lithium Ltd. at the forefront of sustainable lithium production in the United States.

The significance of this announcement lies in the potential impact on the lithium market, particularly for the electric vehicle (EV) and renewable energy sectors, which rely heavily on lithium for battery production. The high-grade lithium concentrations found at the SWA Project could position Standard Lithium Ltd. as a key player in meeting the growing demand for lithium, driven by the global shift towards cleaner energy sources.

For more details on the press release, visit https://ibn.fm/CcQfG.

This news story relied on content distributed by None. Blockchain Registration, Verification & Enhancement provided by NewsRamp. The source URL for this press release is Standard Lithium Ltd. Reports Record Lithium Grades at Smackover Project.