Smackover Lithium Files Maiden Inferred Resource for Its Franklin Project in East Texas, Containing the Highest Reported Lithium-in-Brine Grades in North America

Core Insights - Smackover Lithium, a joint venture between Standard Lithium and Equinor, has filed its Maiden Inferred Resource report for the Franklin Project in Texas, highlighting significant lithium and other mineral resources [1][3][4] Project Overview - The Franklin Project contains 2,159,000 metric tonnes of lithium carbonate equivalent with an average lithium concentration of 668 mg/L, along with 15,414,000 tonnes of potash and 2,638,000 tonnes of bromide, all contained within 0.61 km³ of brine volume [3][4] - The project area spans approximately 80,000 acres, with over 46,000 acres leased to support the inferred resource, showcasing the highest reported lithium-in-brine grades in North America [4] Future Development Plans - The ultimate goal is to achieve production of over 100,000 tonnes of lithium chemicals per year in Texas, supported by two additional projects that are expected to triple the size of the joint venture's portfolio in the state [5] - Next steps include refining the characteristics of the Upper and Middle Smackover Formation aquifers and conducting direct lithium extraction testing, leveraging insights from Standard Lithium's Demonstration Plant [6][7] Company Background - Standard Lithium is focused on sustainable development of high-grade lithium-brine properties in the U.S., with a commitment to achieving commercial-scale lithium production through a fully integrated direct lithium extraction process [11][12] - Equinor, as a partner, aims to create long-term value in a low-carbon future, enhancing its portfolio with lithium projects alongside its existing oil, gas, and renewable energy initiatives [13]