Standard Lithium Marks Commencement of Operations at Arkansas Plant With a Virtual Ribbon Cutting Ceremony

State and Federal Dignitaries Celebrate the Global First-Of-Its-Kind Clean Tech Direct Lithium Extraction Technology

EL DORADO, Ark., Sept. 21, 2020 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, today marked the official commencement of operations at the Company’s Arkansas LiSTR Direct Lithium Extraction facility, with a virtual ribbon-cutting and video walk-through tour of the plant. Arkansas Governor Asa Hutchinson, Senator’s John Boozman and Tom Cotton, Representative Bruce Westerman, and local officials joined Standard Lithium CEO Robert Mintak and LANXESS Corp. CEO and President Antonis Papadourakis for the virtual event. A recording of the event can be found on the Company’s YouTube channel, website and its other social media outlets.

Standard Lithium CEO Robert Mintak stated, “It was always our intention to do a physical ribbon cutting at the end of the commissioning stage but unfortunately that was not possible. The purpose of the virtual ribbon cutting is to highlight the efforts of individuals and teams that have brought the project to where we are today, an operating first-of-its-kind direct lithium extraction plant.”

“On behalf of LANXESS, our Board of Management and the Plastic Additives Business Unit I would like to congratulate Standard Lithium and especially the project team for the fantastic job you have done to this point,” said Antonis Papadourakis, LANXESS Corp. President and CEO. “We recently announced the formation of a group initiative for E-Mobility. We manufacture a number of specialty chemicals that modern battery systems cannot do without, such as phosphorous chemicals, hydrofluoric acid and flame retardants. As you could imagine, the commercial production of battery grade lithium, which is a key component in large scale lithium ion batteries, is also a crucial raw material for the desired expansion of Electric Mobility. Together with Standard Lithium we aim to use this demonstration plant to address this development and today we are one important step closer to realizing this goal.”