Standard Lithium Reports Results for Six Month Fiscal Period Ended December 31, 2024

Core Viewpoint - Standard Lithium Ltd. is progressing towards a final investment decision and construction of its South West Arkansas project, supported by a $225 million grant from the U.S. Department of Energy, while also expanding its leasehold in East Texas [2][5]. Financial and Operational Highlights - The company finalized a$225 million grant from the U.S. Department of Energy for the South West Arkansas project, which will support the construction of Phase 1 [5]. - Extensive field and reservoir testing at the South West Arkansas project demonstrated better reservoir properties than previously assumed [2][5]. - The company achieved over 99% lithium recovery from brine during pilot field testing of its Direct Lithium Extraction (DLE) technology [5]. - A commercial-scale DLE column was installed and has been operating continuously, achieving a lithium recovery efficiency of 95.4% [5]. Strategic Developments - The company launched a joint venture named Smackover Lithium with Equinor to develop DLE projects in Southwest Arkansas and East Texas [5]. - A license agreement was entered into with Koch Technology Solutions to utilize their Li-Pro Lithium Selective Sorption technology for the SWA project [5]. - The company made strategic additions to its board of directors, including the appointment of Karen G. Narwold as an independent member [5][6]. Financial Position - As of December 31, 2024, the company reported cash and working capital of $31.2 million and$27.5 million, respectively, with no term or revolving debt obligations [12].