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Standard Lithium Up In US Pre-Market On Award Of FEED, DFS Study Contract For Planned Lithium Project

MT Newswires ·  {{timeTz}}

07:12 AM EDT, 09/07/2022 (MT Newswires) -- Standard Lithium Ltd. (SLI.V) said Wednesday that it awarded the contract for the front end engineering design (FEED) and definitive feasibility study (DFS) for its planned lithium plant in Arkansas to Koch Engineered Solutions' Optimized Process Designs LLC.

Standard Lithium, which gained 2.6% at last look in US pre-market trading, said the project contemplates processing the brine being handled by Lanxess at its South facility, which hosts Standard Lithium's direct lithium extraction demonstration plant.

The FEED study will initially consider various process optimization and trade-off studies, with results to be summarized in a DFS report to be released in the first half of 2023.

"The award of this FEED study marks a significant milestone for Standard Lithium as it moves the company and all our project partners closer to commercialization," President and COO Andy Robinson said.

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