Standard Lithium Ltd. Common Shares
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Standard Lithium Ltd. Common Shares (SLI) is a company headquartered in Vancouver, Canada that explores for and develops lithium brine properties in the United States. It is best known for its projects targeting the Smackover Formation, a geological region viewed as a potential source of lithium. The company was incorporated in 1998 and previously operated as Patriot Petroleum Corp. before changing its name to Standard Lithium Ltd. in December 2016.
The company's work is focused on identifying and developing lithium contained in underground brine rather than mining hard rock. Its flagship project is the South West Arkansas Project, which covers roughly 30,000 net mineral acres of brine leases located on the Smackover Formation in Arkansas. This large lease position forms the centerpiece of its development efforts.
In addition to its Arkansas flagship, Standard Lithium holds the East Texas Properties, which include the Franklin project located in the East Texas portion of the Smackover Formation. This gives the company more than one area of interest along the same geological trend that it is known for pursuing. Because the business is centered on exploration and development, its activities are oriented toward advancing these brine projects toward potential production rather than generating revenue from current lithium sales. Through its Arkansas and Texas brine assets on the Smackover, Standard Lithium Ltd. (SLI) works to develop domestic United States sources of lithium, a material used in batteries and energy storage.