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Standard Lithium Ltd. filed a Form 6-K incorporating by reference an NI 43-101 Technical Report detailing a maiden…
SLIStandard Lithium Ltd.
Standard Lithium Ltd. filed a Form 6-K incorporating by reference an NI 43-101 Technical Report detailing a maiden inferred resource estimate for its Franklin Project in East Texas, USA. The project is operated by Smackover Lithium, a joint venture between Standard Lithium (55% interest) and Equinor (45% interest). Based on 617 brine leases covering 32,455 hectares, the report estimates an inferred resource of 406,000 metric tonnes of elemental lithium, 2,638,000 metric tonnes of bromide, and 8,070,000 metric tonnes of potassium. These resources are contained within the Upper and Middle Smackover Formation aquifers at depths ranging from approximately 2,865 to 3,810 meters subsea. The company operates in the lithium extraction industry, focusing on direct lithium extraction (DLE) from subsurface brine reservoirs.