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, 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]

Core Insights - Smackover Lithium, a joint venture between Standard Lithium and Equinor, announced a maiden inferred resource for its Franklin Project in Texas, highlighting the project's significant lithium brine potential and aiming for over 100,000 tonnes of lithium chemicals production annually [1][3][20] Resource Highlights - The maiden inferred resource includes 2,159,000 metric tonnes of lithium carbonate equivalent (LCE), 15,414,000 tonnes of potash, and 2,638,000 tonnes of bromide, contained within 0.61 km³ of brine volume [5][7] - The highest reported lithium brine concentration in North America of 806 mg/L was measured from the Pine Forest 1 well [5][7] Project Development - The Franklin Project covers approximately 80,000 acres, with over 46,000 acres leased to support the inferred resource [5][10] - Exploration activities included 2D seismic surveys and the completion of three exploration wells in 2023 to assess aquifer characteristics and brine chemistry [5][11] Future Plans - The joint venture plans to develop two additional projects in East Texas, which will significantly expand the portfolio area [1][3] - Recommendations from the inferred resource assessment include further drilling and characterization of the Upper and Middle Smackover Formation aquifers [15][16]

Core Insights - Smackover Lithium, a joint venture between Standard Lithium and Equinor, announced a maiden inferred resource for its Franklin Project in Texas, highlighting significant lithium, potash, and bromide resources [1][3] - The project contains 2.2 million tonnes of Lithium Carbonate Equivalent (LCE) at an average lithium grade of 668 mg/L, along with 15.4 million tonnes of potash and 2.6 million tonnes of bromide [1][5] - The inferred resource marks a critical step towards achieving a production goal of over 100,000 tonnes of lithium chemicals annually through multiple phases [1][3] Company Overview - Standard Lithium is focused on sustainable lithium development, prioritizing high-grade resources and efficient permitting processes [20] - The company aims to achieve commercial-scale lithium production using a scalable direct lithium extraction (DLE) process [20] - Equinor, a partner in the joint venture, is committed to long-term value creation in a low-carbon future, with a diverse portfolio including oil, gas, and renewable energy projects [22] Project Details - The Franklin Project covers approximately 80,000 acres, with over 46,000 acres leased to support the inferred resource [5][9] - Exploration activities included 2D seismic surveys and the completion of three exploration wells in 2023, which confirmed high lithium brine concentrations [5][12] - The maiden resource report indicates a total inferred resource of 2,159,000 metric tonnes of LCE, 15,414,000 tonnes of potash, and 2,638,000 tonnes of bromide [5][7] Future Plans - The joint venture plans to further characterize the resource through additional drilling and seismic testing, aiming to refine the understanding of the aquifers and brine chemistry [14][15] - Direct lithium extraction testing will be conducted to leverage insights from Standard Lithium's existing demonstration plant [15]