The Arkansas Smackover lithium project is located in southern Arkansas, US, the region that houses the biggest brine production and processing facilities in North America. This brine resource is in an area where there is localized oil and gas production, and brine is produced as a waste byproduct of hydrocarbon extraction. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and This process can take anywhere from eight months to greater than a year. [4] The resource estimate was developed and classified in accordance with guidelines established by the Canadian Institute of Mining and Metallurgy. The associated Technical Report was completed in accordance with the Canadian Securities Administration’s National Instrument 43-101 and all associated documents and amendments. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. In the conventional process for lithium extraction from brine, the lithium-rich salt water is pumped to the surface and deposited into a series of massive ponds that occupy many thousands of acres where passive solar evaporation occurs. The process may also prove to be much more environmentally friendly with a significantly smaller footprint - compared to the conventional evaporation pond processes. The Company’s flagship “Lanxess Project” is in a region of southern Arkansas that is home to North America’s largest brine production and processing facilities. Standard Lithium was recognized as a Venture 50 company in 2018.The Venture 50 logo is a trademark of TSX Inc. and is used under license. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. As per these guidelines, the resource was estimated in terms of metallic (or elemental) lithium. Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium … El Dorado is the population, cultural and business center of south-central Arkansas. After the water has evaporated, and other minerals have been precipitated out through the addition of chemical reagents, the remaining lithium enriched solution is transferred to a plant where additional unwanted elements are removed from the solution. The TETRA Project lithium brine Inferred Resource, as reported, is contained within the Upper and Middle facies of the Smackover Formation, a Late Jurassic oolitic limestone aquifer system that underlies the entire property. Lanxess extracts brine from their wells located throughout the area, and the brine is transported through a network of 250 miles of pipelines to three plants where the brine is processed for bromine recovery with the tail brine then re-injected to the aquifer. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The final terms of the joint venture and any funding arrangement remain subject to completion of due diligence, technical proof of concept, normal economic viability studies (e.g. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. Notes:[1] Mineral resources are not mineral reserves and do not have demonstrated economic viability. 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