Core Viewpoint - Smackover Lithium, a joint venture between Standard Lithium and Equinor, is actively pursuing project financing for the South West Arkansas Project, with expressions of interest exceeding $1 billion from major Export Credit Agencies [1][5] Project Financing Overview - The total estimated capital expenditures for the SWA Project are $1.45 billion, with a financing package of up to $1.1 billion being sought [4][7] - The financing will consist of an ECA Financing package and an uncovered tranche of senior secured project debt from commercial banks [2][3] - A $225 million grant from the U.S. Department of Energy has been awarded to support the project [7] Market Interest and Engagement - Smackover Lithium has received multiple expressions of interest from global commercial banks, validating the project's financial assumptions and terms [3] - The interest from export credit agencies and commercial lenders indicates a strong market demand for financing in lithium production [5] Strategic Importance - The project is positioned as a low-cost and sustainable source of lithium production in the United States, highlighting its strategic importance in the energy sector [5] - The company aims to reach a Final Investment Decision as soon as practical to move the project into construction [5]

Core Viewpoint - 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]. Resource Summary - 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 [3]. - 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]. Production Goals - 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 - Recommendations include further refining the characteristics of the Upper and Middle Smackover Formation aquifers and conducting additional drilling to define a Preliminary Feasibility Study [6]. - Direct lithium extraction testing will be conducted using insights from Standard Lithium's Demonstration Plant in Arkansas [7]. Company Background - Smackover Lithium is a joint venture formed in May 2024, with Standard Lithium holding a 55% interest and Equinor 45%, focusing on developing multiple direct lithium extraction projects in Southwest Arkansas and East Texas [10]. - Standard Lithium is a leading lithium development company focused on sustainable production from high-grade lithium-brine properties in the U.S., particularly in the Smackover Formation [11].

Core Insights - Smackover Lithium, a joint venture between Standard Lithium and Equinor, received unanimous approval from the Arkansas Oil and Gas Commission for its Integration Application for the Reynolds Brine Unit, marking a significant regulatory milestone for the South West Arkansas Project [1][3] Group 1: Project Development - The Reynolds brine production area, covering 20,854 acres, was approved for unitization on April 24, with a 2.5% lithium royalty approved on May 29, representing the first such royalty for lithium from brine in Arkansas [2] - The South West Arkansas Project plans an initial annual capacity of 22,500 tonnes of battery-quality lithium carbonate, with first production expected in 2028 [2] Group 2: Company Background - Smackover Lithium is a joint venture formed in May 2024, with Standard Lithium holding a 55% interest and Equinor holding 45%, focusing on developing two direct lithium extraction projects in Southwest Arkansas and East Texas [4] - Standard Lithium is a leading near-commercial lithium development company focused on sustainable development of high-grade lithium-brine properties in the U.S., particularly in the Smackover Formation [5] Group 3: Strategic Importance - The approvals from the AOGC provide regulatory certainty, which is crucial for the economic growth of the region and the advancement of the SWA Project [3]

Core Viewpoint - Standard Lithium Ltd. has made significant progress in its lithium development projects, particularly the South West Arkansas (SWA) Project, and is on track for a Final Investment Decision by the end of 2025 [2][7]. Financial and Operational Highlights - As of June 30, 2025, the company reported cash and working capital of $33.8 million and $30.6 million, respectively, with no term or revolving debt obligations [13]. - The Arkansas Oil and Gas Commission approved a 2.5% royalty rate for Phase I of the SWA Project, marking a precedent for lithium development in Arkansas [4]. - The SWA Project achieved the highest lithium concentration reported to date from the area, with a sample showing 616 mg/L lithium in brine [3]. Project Development Milestones - The company completed all fieldwork for the first phase of the SWA Project and is advancing discussions on off-take and project financing [2]. - A Definitive Feasibility Study for the SWA Project and a Maiden Inferred Resource Report for East Texas properties are expected to be released in the third quarter of 2025 [3]. - The SWA Project received special designation as a critical mineral production project under Executive Order 14241, emphasizing its importance to U.S. mineral production [5]. Management and Strategic Developments - The company strengthened its senior management team with new appointments, including Daniel Rosen as Vice President of Strategy and Investor Relations and Tim Sobel as Vice President of Health, Safety, Social and Environment [8]. - Standard Lithium is advancing next-generation solid-state battery materials in partnership with Telescope Innovations Corp., utilizing a new conversion process for lithium hydroxide [6].

Core Insights - Smackover Lithium, a joint venture between Standard Lithium and Equinor, has achieved a significant technical milestone in the South West Arkansas project, confirming the engineering design for commercialization [1][3] - The DLE field-pilot plant has successfully surpassed key performance criteria, recovering over 99% of lithium from brine, which is significantly higher than the design target of 95% [4] Project Development - The DLE field-pilot plant operated for three months, processing over 2,385 barrels (100,170 gallons) of brine from the IPC-1 well, completing over 497 DLE cycles [4] - The project has processed a total of 28,367,185 gallons of brine and completed 11,206 cycles of DLE at the Demonstration Plant since 2020 [4] Product Qualification - Large volumes of concentrated and purified DLE product have been sent to third-party vendors for conversion into battery-quality lithium carbonate, which will be used in the qualification process with potential off-take partners [1][4] - Approximately 970 gallons (3,672 liters) of a 6% lithium chloride solution has been produced, with expectations of generating around 27 kg of battery-quality lithium carbonate by May 2025 [4] Technology and Operations - The DLE technology utilized in the field-pilot plant is based on KTS Li-ProTM Lithium Selective Sorption technology, which has been instrumental in optimizing the extraction process [4] - Standard Lithium has been operating a large-scale Demonstration Plant in Arkansas for five years, processing over 28 million gallons of Smackover brine, which has been crucial for developing and streamlining the extraction flowsheet [3]