Achieved Major Operational Milestones at Demonstration Plant Highlighted by 1 Million Barrels of Processed Smackover Brine and 15,000 DLE Cycles over 6 Years
Remains On Track for a Final Investment Decision and Beginning Construction at the South West Arkansas Project (the "SWA Project") in 2026
VANCOUVER, British Columbia, May 11, 2026 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSXV:SLI) (NYSE.A: SLI), a leading near-commercial lithium company, today announced its financial and operating results for the three-month period ended March 31, 2026.
"We had an active first quarter and year to date as we continue to advance important milestones and deliverables for the Company," said David Park, Chief Executive Officer and Director of Standard Lithium. "We signed our first binding commercial offtake agreement with Trafigura, covering over 40% of total targeted offtake commitments for the SWA Project. We also achieved major operational milestones at our Demonstration Plant in Arkansas, which has been critical in supporting the scalability and de-risking of our selected process technology, and strengthening our first mover advantage in the Smackover Formation."
"We have been working diligently to advance the remaining workstreams required prior to a Final Investment Decision and have made meaningful progress on all fronts. We will provide updates as we conclude this work and our plan for 2026 remains to approve FID and begin construction at the SWA Project. We will also look to continue to improve the definition of our position and expand our leasehold footprint in East Texas."
Highlights Subsequent to the Three-Month Period Ended March 31, 2026
All amounts are in US dollars unless otherwise indicated.
Standard Lithium Reaches Major Operational Milestones at Arkansas Demonstration PlantReached three significant milestones at the Company's large-scale Demonstration Plant: 1 million barrels of real brine processed and pumped in real-time from the Smackover Formation, over 15,000 Direct Lithium Extraction ("DLE") cycles completed, demonstrating the fundamental performance targets for the core process technology to be used at the SWA Project, and roughly 340,000 man hours over six years of operating with zero incidents, underscoring Standard Lithium's strong commitment to operational safety and best practices. The demonstration plant will continue to serve as a critical platform for process flowsheet optimization, operational data collection, engineering design input and employee training.
Highlights From Three-Month Period Ended March 31, 2026
Smackover Lithium Signs First Binding Customer Offtake Agreement for the SWA ProjectAnnounced ...
