Standard Lithium Signs LOI for Development of Continuously-Operating Demonstration Pilot Plant - Seite 2

President and Chief Operating Officer, Dr. Andy Robinson also commented, "When the definitive agreement with the other party is signed, it will allow us to move very quickly from the process testing work that we are currently performing at several locations, towards the design and fabrication of the continuous Pilot Plant.  The location of the Pilot Plant could not be more favourable, as we will have direct access to the tail brine feed into the site, all necessary utilities, and the access to the services of an existing workforce of skilled and trained brine handling and processing technicians and engineers, all within an existing permitted and fenced brine processing site.  This relationship aligns fully with Standard Lithium's goal to demonstrate the efficient and effective use of modern processing techniques to produce battery-grade lithium products from large and previously overlooked brine resources".

Proposed Transaction Terms

Pursuant to the terms of the Letter of Intent, completion of the Definitive Agreement will be subject to a number of conditions, including completion of satisfactory due diligence investigation in support of the feasibility of the Pilot Plant and obtaining all necessary consents and permits.  In consideration for the right to conduct a due diligence investigation Standard Lithium has made a non-refundable deposit of US$100,000, and will make a further cash payment of US$100,000 upon signing of the Definitive Agreement.  The Company will pay certain recurring fees if the Pilot Plant is constructed.  No partnership is created by any of these agreements with the other party, and the other party has no obligation to fund any of the capital costs of the Company's lithium-related activities.

Quality Assurance

Raymond Spanjers, Certified Professional Geologist (SME No. 3041730), is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release.  Mr. Spanjers is not independent of the Company as he is an officer in his role as Vice President, Exploration and Development.

About Standard Lithium Ltd.

Standard's value creation strategy encompasses acquiring a diverse and highly prospective portfolio of large-scale domestic brine resources, led by an innovative and results-oriented management team with a strong focus on technical skills.  The Company is currently focused on the immediate exploration and development of the Bristol Dry Lake Lithium Project located in the Mojave region of San Bernardino County, California; the location has significant infrastructure in-place, with easy road and rail access, abundant electricity and water sources, and is already permitted for extensive brine extraction and processing activities.  The Company is also commencing resource evaluation on up to approximately 33,000 acres of brine leases located in the Smackover Formation.