Standard Lithium Exercises Option Agreement On South West Arkansas Project, Solidifying Path Forward Following Feasibility Study And Rising Regional Interest
Portfolio Pulse from Benzinga Newsdesk
Standard Lithium Ltd. (NYSE:SLI) has exercised its option agreement with TETRA Technologies, Inc. for the South West Arkansas Project. This move builds on the positive insights from the recent Preliminary Feasibility Study and affirms the company's strategic direction. The company's total resource has grown over 100% within the last five years, with an improved average lithium concentration. The company anticipates completing a FEED and Definitive Feasibility Study for the project in 2024 and beginning construction in 2025. First commercial production is expected in 2027.
October 31, 2023 | 8:48 pm
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Standard Lithium's exercise of its option agreement with TETRA Technologies for the South West Arkansas Project could potentially boost its stock in the short term. The company's total resource has grown over 100% within the last five years, indicating strong growth potential.
The exercise of the option agreement solidifies Standard Lithium's strategic direction and builds on the positive insights from the recent Preliminary Feasibility Study. This, coupled with the company's strong growth in total resource over the last five years, could potentially boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100