Standard Lithium Reports Fiscal First Quarter 2025 Results

Core Viewpoint - 2025 is identified as a pivotal year for Standard Lithium, with significant milestones expected to shape the company's future and the lithium industry as a whole [2] Financial and Operational Highlights - The company finalized a $225 million grant from the U.S. Department of Energy to support the South West Arkansas Project [2][5] - Cash and working capital stood at$31.6 million and $31.3 million, respectively, as of March 31, 2025, with no term or revolving debt obligations [11] Project Developments - The South West Arkansas Project received special designation as a critical mineral production project under Executive Order 14241 [5] - Approval was granted for the brine production unit, named the Reynolds Unit, for Phase I of the South West Arkansas Project [5] - A royalty application was submitted to establish a lithium royalty for the Reynolds Unit [5] - Extensive field and reservoir testing was conducted, including drilling new wells and re-entering existing ones for detailed reservoir testing [5] - The final test of the field-pilot plant at the South West Arkansas Project demonstrated over 99% lithium recovery from brine [5] Strategic Initiatives - The company launched Smackover Lithium as the new name for its joint venture with Equinor, focusing on DLE projects in Southwest Arkansas and East Texas [5] - Continuous strategic additions to the board of directors were made, including the appointment of Karen G. Narwold as an independent member [5]