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VANCOUVER - Standard Lithium Ltd. (TSXV:SLI) (NYSE American:SLI), currently trading at $1.52, in collaboration with Telescope Innovations, has successfully produced battery-grade lithium sulfide using a novel low-temperature process. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics, despite its stock declining about 16% over the past week. This advancement is a step forward in the development of materials for solid-state batteries, a technology poised to revolutionize energy storage.
The lithium sulfide, generated at Standard Lithium’s southern Arkansas Demonstration Plant, was made using lithium hydroxide sourced from the Smackover Formation. The company has begun sending samples to battery manufacturers in Asia and North America for testing and validation.
Dr. Andy Robinson, President and COO of Standard Lithium, expressed that the collaboration with Telescope Innovations is part of the company’s commitment to technological advancement and leadership in North America’s lithium industry. InvestingPro data shows the company maintains a strong financial position with a current ratio of 6.52 and minimal debt, supporting its development initiatives. He highlighted the significance of transforming locally-produced lithium into materials necessary for cutting-edge battery technologies.
The patented conversion process offers several benefits, including the ability to use various lithium feedstocks, tolerance for impurities, lower operational temperatures that reduce complexity and costs, and improved safety due to the avoidance of high-temperature conditions.
The production of lithium sulfide is crucial for the next generation of solid-state batteries, which promise enhanced performance and safety over current lithium-ion batteries. However, the material is currently available only in limited quantities and at a high cost.
Standard Lithium’s focus remains on its South West Arkansas Project Phase 1, a Direct Lithium Extraction (DLE) project in partnership with energy leader Equinor. The company is also exploring lithium brine prospects in East Texas.
This development is based on a press release statement from Standard Lithium. The company continues to trade under the symbol "SLI" on both the TSX Venture Exchange and the NYSE American, with a beta of 1.73 indicating higher volatility than the broader market. InvestingPro subscribers can access additional insights, including detailed financial health scores, extensive valuation metrics, and expert analysis of the company’s growth prospects.
In other recent news, Standard Lithium Ltd. and Equinor’s joint venture, Smackover Lithium, received approval from the Arkansas Oil and Gas Commission to establish a brine production unit for their South West Arkansas Project. This unit, named the Reynolds Unit, is expected to produce 22,500 tonnes of battery-quality lithium carbonate annually by 2028. Additionally, Standard Lithium has initiated a project finance and off-take process for this project, appointing a banking advisor to lead the process, which is expected to conclude later this year. The company is also expanding its mineral leasing program in East Texas, with resampling of existing wells planned and an Inferred Resource Report anticipated in the third quarter. In a strategic move, Standard Lithium has added Karen G. Narwold, with extensive executive experience, to its board of directors, enhancing its governance and operational expertise. Narwold’s previous roles include Chief Administrative Officer at Albemarle Corporation, a leader in lithium production. Standard Lithium is collaborating with Koch Technology Solutions at a demonstration plant to showcase the commercial viability of its Direct Lithium Extraction technology. The company will discuss its financial results for the six-month period ending December 31, 2024, during an upcoming conference call and webcast.
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