Standard Lithium Reports First Quarter 2025 Financial Results

VANCOUVER, British Columbia, November 12, 2024 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced financial and operating results for the first quarter of its fiscal year ending 2025 September 30, 2024.

“Our significant events in the first quarter of the fiscal year demonstrate our commitment to delivering what we say we will do,” said David Park, Chief Executive Officer and Director of Standard Lithium. “We told you we would pursue Government grants, and we have moved in that direction. The US Department of Energy has conditionally approved $225 million, one of the largest grant awards for a domestic critical mineral project. The conditional grant is the first for the Southwest Arkansas project.” “It is a testament to the caliber of the class and the good work the team has done to eliminate risks and advance the project now to the FEED phase.”

“Now is the time for us to prioritize, focus and execute. Our attention is turning to bringing production online for our shareholders, and the next right step for us is to move forward with customer acquisition commitments and financing. We can then proceed.” The South West Arkansas project is advancing in partnership with Equinor, a leasing outlet in East Texas.

Fiscal First Quarter 2025 Highlights

All amounts are in US dollars.

Received a $225 million conditional grant from the U.S. Department of Energy (“DOE”) for the Southwest Arkansas Project (“SWA”). Grant It is expected to support the construction of the Central Processing Facility for Phase 1 of the SWA project in the Smackover Formation. Phase 1 is currently planned to produce 22,500 tonnes of battery-grade lithium carbonate annually from 2028. The grant is one of the largest grants ever awarded to a critical mineral project in the United States.
Appointed David Park as Chief Executive Officer and Director of the Company. Mr Park assumed the position Mr. Park, who was appointed Chief Executive Officer (“CEO”) on September 1, 2024, following the retirement of CEO, Director and founder Robert Mintak, joined the Company as a strategic advisor in July 2023 at the request of Mr. Mintak and has worked closely with him. Mr. Park, who played a key role in securing the strategic partnership with Equinor, has significant experience in the energy and industrial sectors, having previously held various leadership roles at Koch Industries for 28 years. He continues to act as a consultant to the company and ensure the transfer of corporate knowledge to the executive team.
Changing the reporting and presentation currency from CAD to USD. Effective July 1, 2024, the Company began using USD instead of CAD in financial reporting and external marketing materials. The company made this change to ensure that its most significant assets and liabilities are denominated in US dollars, providing consistency with similar companies in the lithium industry.
Cash and working capital as of September 30, 2024 are $28.9 million and $24.7 million, respectively.
The company has no term or revolving debt obligations as of September 30, 2024.

Next Events of Fiscal Quarter 2025

A license agreement (“Agreement”) has been signed with Koch Technology Solutions (“KTS”) for the distribution and use of KTS’ Li-Pro Lithium Selective Sorption (“Li-pro LSS”) technology. Under the license agreementSWA Lithium, a joint US subsidiary of Standard Lithium and Equinor, will use Li-pro LSS in its commercial processing facility for Phase 1 of the SWA project. The agreement includes KTS’s first-of-its-kind performance guarantee on lithium recovery, pollutant rejection and water use. In addition, it allows for the continued and exclusive joint development of technology in the Smackover Formation.
Commercial-scale direct lithium extraction (“DLE”) at the Demonstration Facility continues to exceed expectations. The company installed a commercial-scale DLE column in late March 2024 and has been operating the column continuously. The column is a Li-pro LSS unit supplied by KTS and is identical to those currently integrated into the front-end engineering and design (FEED) work for the SWA project. Key technical features of the commercial-scale DLE column include: lithium recovery efficiency of 95.4% and excellent contaminant rejection rates. To date, approximately 10,000 operating cycles have been completed by Li-pro LSS technology.

Consolidated Financial Statements

This news release should be read in conjunction with the Consolidated Financial Statements and MD&A for the quarter ended September 30, 2024, which are available on the Company’s issuer profile on SEDAR+ at: www.sedarplus.ca and at EDGAR www.sec.gov.

2025 1ST QUARTER FINANCIAL RESULTS CONFERENCE CALL AND WEBSTREAM

The company will host a conference call and webcast to discuss first quarter fiscal 2025 results on Thursday, November 21^st at 5pm ET. Access to the call is possible via webcast or direct call.

Conference Call and Webcast Details
Standard Lithium 2025 Q1 Results Call and Webcast
November 21, 2024 5:00 PM Eastern Time (US and Canada)

Participant Information:
US/International Toll +1 (646) 307-1963
USA – Toll Free (800) 715-9871
Canada – Toronto (647) 932-3411
Canada – Toll Free (800) 715-9871

Contributor Webcast Link:
https://events.q4inc.com/attendee/565402822

Standard Lithium Ltd. About

Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The company gives priority to projects characterized by the highest quality resources, solid infrastructure, skilled workforce and streamlined permits. Standard Lithium aims to achieve sustainable, commercial-scale lithium production through the application of a scalable and fully integrated Direct Lithium Extraction (“DLE”) and purification process. The company’s flagship projects are located in the Smackover Formation, a world-class lithium brine. Asset focused in Arkansas and Texas In partnership with global energy leader Equinor ASA, Standard Lithium is advancing its South West Arkansas project, a greenfield project located in southern Arkansas, and is actively exploring promising lithium brine opportunities in East Texas. Standard Lithium is advancing the Phase 1A project in partnership with LANXESS Corporation, a brownfield development project located in southern Arkansas.

Standard Lithium trades on both the TSX Venture Exchange and NYSE American under the symbol “SLI” and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website: www.standardlityum.com.

Qualified Person

Steve Ross, P.Geol., a qualified person as defined by National Instrument 43-101 and the Company’s Vice President of Fundraising, has reviewed and approved the relevant scientific and technical information in this news release.

Twitter: @standardlithium
LinkedIn:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, “estimate,” “believe,” “estimate,” “expect,” “target,” “plan,” “estimate,” “may,” “program” and other similar words or expressions are used as forward-looking statements. or identifies information These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration, reserves or resources, regulatory or governmental requirements or approvals, reliability of third party information, continued access to mineral properties. . or infrastructure, lithium and derivatives market fluctuations, changes in exploration costs and government regulations in Canada and the United States and other factors or information. Such statements represent the Company’s current views with respect to future events and are not necessarily deemed reasonable by the Company. It is based on a number of assumptions and estimates that are inherently subject to significant business, economic, competitive, political and social risks, contingencies and conditions. uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to differ materially from the results, performance or achievements expressed or implied by such forward-looking statements. The Company does not intend, and does not undertake any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in conditions or other events affecting such statements and information, except as required by applicable laws, rules and regulations. regulations.

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