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Smackover Lithium Announcing Award of Last Key Construction Contract for South West Arkansas Project Ahead of Final Investment Decision

Standard Lithium Up 1.3% In US Premarket As Its Partnership With Equinor Awards EPCM Contract for SWA Project

Smackover Lithium, a partnership between Standard Lithium (SLI.V) and Equinor, entered Thursday into an engineering, procurement and construction management agreement with Wood Group USA focused on the upstream well field portion of the South West Arkansas project.The well field for the SWA project comprises four well pads supporting 12 supply and 10 injection wells, brine gathering and return pipelines from the well pads to the Central Processing Facility (CPF), and a gas gathering system from the well pads to a disposal well in the area, according to Thursday's news release.Wood will deliver EPCM services for the well field surface facilities including well pads, pipelines and related third-party interfaces. The scope includes project support services for the subsurface, drilling and wells activities, the statement said.A separate engineering, procurement, construction and commissioning (EPCC) agreement will be signed with a different counterparty for the CPF which includes the direct lithium extraction process and conversion to battery-quality lithium carbonate. The EPCC agreement is also expected to be completed in the second quarter, Thursday's statement added.The SWA project is designed to produce 22,500 tonnes per year of battery-quality lithium carbonate production in its initial phase, the partners said, before adding: he agreement includes a Limited Notice to Proceed that allows work to continue on key activities to de-risk the project and optimize the construction schedule. Wood is expected to be engaged on a Full Notice to Proceed following a positive final investment decision, expected to occur within the year.

Smackover Lithium Announcing Award of Well Field EPCM Contract for South West Arkansas Project Ahead of Final Investment Decision

Standard Lithium Achieves Operational Milestones at Arkansas Demonstration Plant

Standard Lithium (SLI.V) said Wednesday that its demonstration plant in El Dorado, Arkansas, reached several operational milestones.The company said the facility has processed 1 million barrels of real brine, pumped in real-time from the Smackover Formation.The core direct lithium extraction technology that will be used at the South West Arkansas project has successfully completed over 15,000 cycles, demonstrating the fundamental performance targets of over 95% lithium recovery and over 99% rejection of key contaminants, the company said.Standard Lithium added that a team of operators, technicians, laboratory specialists and engineers have completed roughly 340,000 man hours during the six years of operation with zero incidents."Processing and analyzing such large volumes of live lithium brine provides a unique and robust data set that supports the scalability and de-risking of our selected process technology," President and Chief Operating Officer Andy Robinson said. "It also strengthens our first mover advantage in the Smackover Formation, having the only shovel-ready project in the area preparing to take a final investment decision."

Standard Lithium Says Reached "Major Operational Milestones" at Arkansas Demonstration Plant