Standard Lithium(US:SLI) Globenewswire·2025-11-10 13:00Core Viewpoint - Standard Lithium Ltd. has reported significant progress in its projects, including the release of a Definitive Feasibility Study (DFS) for the South West Arkansas (SWA) Project and a Maiden Inferred Resource for the Franklin Project in East Texas, indicating strong potential for future lithium production [2][5][8]. Financial and Operational Highlights - The SWA Project is projected to have an initial production capacity of 22,500 tonnes per annum of battery-quality lithium carbonate, with proven reserves of 447,000 tonnes of lithium carbonate equivalent (LCE) [4]. - The DFS for the SWA Project indicates a 20.2% unlevered pre-tax internal rate of return (IRR) and competitive average cash operating costs of $4,516 per tonne, with all-in costs estimated at $5,924 per tonne [8]. - The company completed a $130 million follow-on equity offering, which was oversubscribed, demonstrating strong institutional investor demand [6][5]. Project Developments - The SWA Project has received unanimous approval from the Arkansas Oil and Gas Commission (AOGC) for its Integration Application, which is crucial for the project's development [5]. - The Franklin Project in East Texas has reported some of the highest lithium-in-brine grades in North America, with an inferred resource of 2.2 million tonnes of LCE at an average lithium grade of 668 mg/L [11]. - The company aims to reach a Final Investment Decision (FID) for the SWA Project and begin construction in 2026, with first production targeted for 2028 [2][8]. Future Outlook - The company plans to provide multiple updates in the coming months regarding project financing, customer offtake processes, and vendor selection for the SWA Project [2]. - The company is focused on sustainable, commercial-scale lithium production through a fully integrated Direct Lithium Extraction process [12].