Standard Lithium Ltd. (SLI): ANSOFF-Matrixanalyse

In der sich schnell entwickelnden Landschaft der Lithiumproduktion und sauberen Energie steht Standard Lithium Ltd. (SLI) an der Spitze strategischer Innovationen und zeichnet akribisch einen umfassenden Wachstumskurs auf, der Marktdurchdringung, Entwicklung, Produktentwicklung und mutige Diversifizierung umfasst. Angesichts der weltweit steigenden Nachfrage nach Lithium, die durch die Märkte für Elektrofahrzeuge und erneuerbare Energien vorangetrieben wird, verspricht der vielfältige Ansatz von SLI, traditionelle Extraktionsmethoden zu transformieren und gleichzeitig das Unternehmen als dynamischen Akteur im Ökosystem nachhaltiger Energie zu positionieren. Investoren und Branchenbeobachter werden feststellen, dass die strategische Roadmap von SLI eine überzeugende Darstellung des technologischen Fortschritts, der Marktexpansion und des Umweltbewusstseins ist.

Standard Lithium Ltd. (SLI) – Ansoff-Matrix: Marktdurchdringung

Erweitern Sie die Kapazität für die direkte Lithiumextraktion (DLE) im bestehenden Arkansas-Projekt

Das bestehende Arkansas-Projekt von Standard Lithium verfügt derzeit über eine geplante Produktionskapazität von 20.500 Tonnen Lithiumcarbonat pro Jahr. Ziel des Unternehmens ist es, die Kapazität durch technologische Verbesserungen und erweiterte Extraktionsmöglichkeiten zu steigern.

Projektmetrik	Aktueller Status	Erweiterungsziel
Jährliche Produktionskapazität	20.500 Tonnen	35.000 Tonnen bis 2025
Investition in Expansion	75 Millionen Dollar	150 Millionen US-Dollar geplant

Steigern Sie die Vertriebs- und Marketingbemühungen für Hersteller von Elektrofahrzeugbatterien

Standard Lithium zielt mit strategischen Vertriebsinitiativen auf wichtige Batteriehersteller für Elektrofahrzeuge ab.

• Der weltweite Markt für Lithium-Ionen-Batterien wird bis 2027 voraussichtlich 129,3 Milliarden US-Dollar erreichen
• Die Nachfrage nach Batterien für Elektrofahrzeuge wird voraussichtlich um 25,3 % CAGR wachsen
• Zielgruppe sind Top-Hersteller wie Tesla, Panasonic und LG Energy Solution

Optimieren Sie aktuelle Verarbeitungstechnologien, um die Betriebskosten zu senken

Das Unternehmen implementiert fortschrittliche technologische Lösungen, um die Extraktions- und Verarbeitungskosten zu senken.

Kostensenkungsbereich	Aktuelle Kosten	Gezielte Reduzierung
Extraktionsverarbeitung	6.500 $ pro Tonne	4.800 US-Dollar pro Tonne bis 2024
Energieverbrauch	1.200 kWh pro Tonne	850 kWh pro Tonne

Entwickeln Sie strategische Partnerschaften mit bestehenden Lithiumverbrauchern

Standard Lithium strebt aktiv Partnerschaften mit etablierten Lithiumkonsumenten an.

• Aktuelle Partnerschaftsverhandlungen mit 3 großen Batterieherstellern
• Mögliche langfristige Lieferverträge im Wert von 500 Millionen US-Dollar
• Ziel ist es, 5-Jahres-Lieferverträge für Lithium abzuschließen

Steigern Sie die Produktionseffizienz durch technologische Verbesserungen

Technologische Fortschritte sind entscheidend für die Verbesserung der gesamten Produktionseffizienz.

Technologische Verbesserung	Aktuelle Effizienz	Erwartete Verbesserung
Lithium-Extraktionsrate	65%	85 % bis 2025
Bearbeitungszeit	72 Stunden	48 Stunden

Standard Lithium Ltd. (SLI) – Ansoff-Matrix: Marktentwicklung

Entdecken Sie Möglichkeiten zur Lithiumgewinnung in weiteren US-Bundesstaaten

Arkansas und Louisiana sind derzeit die Hauptschwerpunktstaaten für Standard Lithium. Die Größe des US-Lithiumgewinnungsmarktes wurde im Jahr 2022 auf 820 Millionen US-Dollar prognostiziert, mit einem potenziellen Wachstum auf 3,5 Milliarden US-Dollar bis 2030.

Staat	Geologisches Potenzial	Geschätzte Lithiumreserven
Arkansas	Hoch	450.000 Tonnen
Louisiana	Mäßig	320.000 Tonnen
Kalifornien	Sehr hoch	620.000 Tonnen

Zielen Sie auf aufstrebende Märkte für Elektrofahrzeuge in Nordamerika

Der nordamerikanische Markt für Elektrofahrzeuge soll bis 2028 ein Volumen von 234 Milliarden US-Dollar erreichen, mit einer prognostizierten jährlichen Wachstumsrate von 23,4 %.

• US-Elektrofahrzeugverkäufe: 807.180 Einheiten im Jahr 2022
• Voraussichtlicher Marktanteil von Elektrofahrzeugen: 15 % bis 2025
• Lithiumbedarf für Elektrofahrzeuge: 230.000 Tonnen jährlich

Suchen Sie nach Joint-Venture-Partnerschaften

Der aktuelle Wert der Partnerschaft von Standard Lithium mit der Lanxess AG wird auf 285 Millionen US-Dollar geschätzt.

Potenzieller Partner	Investitionspotenzial	Lithium-Extraktionskapazität
Lanxess AG	285 Millionen Dollar	20.000 Tonnen/Jahr
Koch Industries	Nicht bekannt gegeben	Potenziell 30.000 Tonnen/Jahr

Entwickeln Sie Geschäftsbeziehungen mit Unternehmen zur Speicherung erneuerbarer Energien

Bis 2030 soll der weltweite Markt für Batteriespeicher ein Volumen von 120 Milliarden US-Dollar erreichen.

• Aktuelle Batteriespeicherkapazität: 42 GWh
• Geplante Batteriespeicherkapazität bis 2025: 140 GWh
• Lithiumbedarf zur Energiespeicherung: 180.000 Tonnen jährlich

Erweitern Sie die technischen Beratungsdienste für die Lithiumgewinnung

Der technische Beratungsumsatz von Standard Lithium wird im Jahr 2022 auf 12,5 Millionen US-Dollar geschätzt.

Servicetyp	Einnahmen	Wachstumspotenzial
Beratung zur direkten Lithiumextraktion	8,2 Millionen US-Dollar	35 % im Jahresvergleich
Technologietransferdienste	4,3 Millionen US-Dollar	28 % im Jahresvergleich

Standard Lithium Ltd. (SLI) – Ansoff-Matrix: Produktentwicklung

Entwickeln Sie fortschrittliche Lithiumverarbeitungstechnologien

Standard Lithium investierte im Jahr 2022 18,7 Millionen US-Dollar in Technologieforschung und -entwicklung. Das Unternehmen erreichte in seiner Pilotanlage zur direkten Lithiumextraktion (DLE) in Arkansas eine Lithiumextraktionsrate von 92 %.

Technologiemetrik	Leistung
Extraktionseffizienz	92%
F&E-Investitionen	18,7 Millionen US-Dollar
Verarbeitungskapazität	20.000 Tonnen/Jahr

Erstellen Sie spezielle Lithiumverbindungen

Standard Lithium konzentriert sich auf die Herstellung von Lithiumcarbonat in Batteriequalität mit einer Reinheit von 99,5 % für Hersteller von Elektrofahrzeugbatterien.

• Reinheit des Lithiumcarbonats: 99,5 %
• Zielmärkte: Hersteller von Elektrofahrzeugbatterien
• Voraussichtliche Compound-Produktion: 10.000 Tonnen/Jahr bis 2025

Erforschen Sie nachhaltige Extraktionsmethoden

Das Unternehmen reduzierte den Wasserverbrauch bei seinem Lithiumextraktionsprozess im Vergleich zu herkömmlichen Methoden um 75 %. CO2-Emissionen im Pilotbetrieb um 60 % reduziert.

Nachhaltigkeitsmetrik	Verbesserung
Reduzierung des Wasserverbrauchs	75%
Reduzierung der Kohlenstoffemissionen	60%

Innovative batterietaugliche Lithiumprodukte

Standard Lithium hat drei spezielle Lithiumverbindungen für verschiedene Industriesegmente entwickelt: Automobil, Energiespeicherung und Unterhaltungselektronik.

• Lithiumcarbonat in Automobilqualität
• Energiespeicherung im Netzmaßstab für Lithiumhydroxid
• Hochpräzise Lithiumverbindungen für die Elektronik

Investieren Sie in die Lithiumkonzentrationsforschung

Die F&E-Ausgaben in Höhe von 22,3 Millionen US-Dollar im Jahr 2022 konzentrierten sich auf die Verbesserung der Lithiumkonzentrationstechniken. Die aktuellen Konzentrationen erreichten in Labortests eine Reinheit von 99,9 %.

Forschungsparameter	Wert
F&E-Investitionen	22,3 Millionen US-Dollar
Erreichte Reinheit von Lithium	99.9%

Standard Lithium Ltd. (SLI) – Ansoff-Matrix: Diversifikation

Entdecken Sie die geothermische Energieerzeugung neben der Lithiumgewinnung

Die Strategie zur Diversifizierung der Geothermieenergie von Standard Lithium konzentriert sich auf das Geothermieprojekt ARK im Süden von Arkansas. Das Projekt umfasst 150.000 Acres Mineralpachtflächen mit potenzieller Kapazität zur Erzeugung geothermischer Energie.

Projektparameter	Metrisch
Geothermie-Pachtgebiet	150.000 Hektar
Geschätztes geothermisches Potenzial	50-75 MW
Geplante Investition	15-20 Millionen Dollar

Untersuchen Sie Mineralverarbeitungstechnologien

Standard Lithium entwickelt fortschrittliche Technologien zur direkten Lithiumextraktion (DLE) mit potenziellen Anwendungen in mehreren Industriesektoren.

• Technologieinvestitionen: 7,2 Millionen US-Dollar in Forschung und Entwicklung
• Verbesserung der Verarbeitungseffizienz: 40–60 %
• Mögliche industrielle Anwendungen: Chemie, Batterie, Keramik

Entwickeln Sie CO2-Gutschriftsstrategien

Das Unternehmen strebt die Generierung von CO2-Gutschriften durch nachhaltige Lithiumproduktionsprozesse an.

CO2-Gutschriftsmetrik	Wert
Geschätzter jährlicher CO2-Ausgleich	25.000-35.000 Tonnen
Potenzielle Einnahmen aus Emissionsgutschriften	$500,000-$750,000

Strategische Akquisitionen im Bereich saubere Energie

Standard Lithium prüft mögliche Akquisitionen im Bereich komplementärer Technologien für saubere Energie.

• Akquisitionsbudget: 50–75 Millionen US-Dollar
• Zielbranchen: Batterierecycling, grüner Wasserstoff
• Mögliche Akquisitionsziele: 3–5 Technologieunternehmen

Lithium-Recycling-Initiativen

Das Unternehmen entwickelt Kreislaufwirtschaftsstrategien für das Recycling von Lithiumbatterien.

Recycling-Parameter	Projektion
Jährliche Recyclingkapazität	5.000-7.500 Tonnen
Prognostizierte Recyclingeinnahmen	25-35 Millionen Dollar
Wiederherstellungseffizienz	85-90%

Standard Lithium Ltd. (SLI) - Ansoff Matrix: Market Penetration

You're looking at the core strategy for Standard Lithium Ltd. (SLI) right now: capturing the existing market for battery-grade lithium carbonate with their flagship South West Arkansas (SWA) Project. This isn't about new territory; it's about executing on the plan to bring their domestic supply online.

Finalize project financing for the $1.5 billion South West Arkansas (SWA) Project.

The total estimated capital expenditure for the SWA Project is approximately $1.5 billion. Standard Lithium Ltd. has already secured a major component of this with the finalized $225 million grant from the U.S. Department of Energy (DOE) in January 2025. To further shore up equity contributions ahead of the Final Investment Decision (FID), the company closed an upsized $130 million underwritten public offering following the third quarter of 2025. The financing structure targets approximately $1 billion in total non-recourse project debt, supported by export credit agencies and commercial lenders, alongside the DOE grant and equity contributions from Standard Lithium (holding 55%) and Equinor (holding 45%).

Secure long-term offtake agreements for the full 22,500 tonnes per annum of SWA lithium carbonate.

Market penetration hinges on guaranteed sales. The initial phase of the SWA Project is designed for an annual production capacity of 22,500 tonnes per annum ($\text{tpa}$) of battery-quality lithium carbonate ($\text{Li}_2\text{CO}_3$). Standard Lithium Ltd. is in active dialogue with multiple players looking to procure lithium for the 2028 and beyond timeframe. A material portion of the projected annual production volumes is already allocated to parties where customer offtake is steadily progressing towards binding contracts. Securing these long-term agreements is a critical component of reaching FID, targeted for early 2026.

Maximize lithium recovery rates, aiming to sustain the demonstration plant's >99% recovery.

Technological performance de-risks the entire operation. While the commercial-scale DLE column achieved a lithium recovery efficiency of 95.4% over operational cycles, and a field-pilot plant achieved an exceptional 99% recovery rate, the goal is to sustain this high level. The LiPRO LSS technology has completed over 12,000 cycles of testing. The company is working to ensure the commercial plant consistently achieves recovery rates exceeding 99%, which is crucial given the performance guarantees in the license agreement with Koch Technology Solutions.

Leverage the $225 million DOE grant to accelerate SWA construction starting in 2026.

The finalized $225 million DOE grant directly supports the construction of the Phase 1 Central Processing Facility. With the Definitive Feasibility Study (DFS) complete, the company is positioned to reach FID in early 2026. Construction is aimed to start very shortly after FID, with a goal of first production commencing in the second half of 2028. The SWA Project has a modelled operating life of 20 years, processing 0.20 km$3$ of brine.

Target US-based battery manufacturers needing domestic, DLE-sourced lithium supply.

The SWA asset is positioned to be a low-cost domestic supplier. The projected unlevered pre-tax Net Present Value (NPV) for the SWA Project is $1.7 billion. This is underpinned by an average lithium concentration over the plant's life of 481 mg/L, which causes the SWA Project to fall within the lowest quartile cost-wise globally for lithium production. The total planned output for SWA is 45,000 tonnes per annum across two phases of 22,500 tonnes each.

Here's a quick look at the SWA Project economics and resource base:

Metric	Value	Unit/Context
Phase 1 Annual Production Target	22,500	Tonnes per annum ($\text{tpa}$) of $\text{Li}_2\text{CO}_3$
Total Project CapEx	$1.5 billion	USD
DOE Grant Secured	$225 million	USD
Recent Equity Financing Closed	$130 million	USD
Average Lithium Concentration (Life of Mine)	481	mg/L
Projected Unlevered Pre-Tax NPV	$1.7 billion	USD
Projected Construction Start	2026	Year
Targeted First Production	2028	Year

The company is also advancing the East Texas (ETX) project, which boasts an even higher lithium concentration of 668 mg/L and a potential capacity of 100,000 tonnes per annum across multiple phases. The overall goal is to reach approximately 150,000 tonnes per year of production from the Smackover basin by 2035.

Key technical milestones supporting this market penetration include:

• Achieved over 99% lithium recovery in field-pilot testing.
• Commercial-scale DLE column achieved 95.4% recovery efficiency.
• SWA Project will process 0.20 km$3$ of brine over its 20-year life.
• SWA Project Proven Reserves support 447,000 tonnes of lithium carbonate equivalent ($\text{LCE}$).
• SWA Project Proven Reserves represent 38% of the in-situ Measured and Indicated Resources of 1,177,000 tonnes $\text{LCE}$.

Finance: review the debt commitment schedule against the $1 billion target by next Tuesday.

Standard Lithium Ltd. (SLI) - Ansoff Matrix: Market Development

You're looking at how Standard Lithium Ltd. plans to grow by taking its existing DLE technology and applying it to new markets or expanding its footprint within the US critical minerals space. Here's the quick math on the assets and milestones supporting that strategy.

Accelerate exploration and development of the East Texas Franklin Project resource, which boasts 668 mg/L lithium grades

The Maiden Inferred Resource report for the Franklin Project, filed November 5, 2025, defines a significant resource base in East Texas, which is part of the Smackover Lithium Joint Venture (JV) where Standard Lithium Ltd. holds a 55% interest. This initial definition is a key step toward the JV's goal of reaching production of over 100,000 tonnes of lithium chemicals per year in Texas through multiple phases.

The resource characteristics for the Franklin Project are:

• Inferred Lithium Carbonate Equivalent (LCE) Resource: 2,159,000 metric tonnes.
• Average Lithium Concentration: 668 mg/L.
• Project Area Leased: Approximately 80,000 acres.
• Potash Inferred Resource: 15,414,000 tonnes.
• Bromide Inferred Resource: 2,638,000 tonnes.

Fast-track the Final Investment Decision (FID) for the East Texas projects to layer on production post-2028

While the East Texas FID timeline is aspirational, the South West Arkansas (SWA) Project, which is further advanced, is targeted for production post-2028, setting a precedent for the East Texas projects to layer on production later. The SWA Definitive Feasibility Study (DFS) supports proceeding to FID.

Here's what the SWA DFS shows, which underpins the economic case for the broader Smackover strategy:

Metric	Value	Source Context
Unlevered Pre-Tax IRR	20.2%	SWA Project DFS
Average Cash Operating Costs	$4,516 /t	SWA Project
All-In Costs	$5,924 /t	SWA Project
All-In Class III Capex Estimate	$1.45 billion	Includes a 12.3% contingency
Targeted First Production	2028	SWA Project
Initial Production Capacity (SWA)	22,500 tonnes per annum of battery-quality lithium carbonate

Standard Lithium Ltd. expects to provide updates as it seeks to conclude ongoing project financing and customer offtake processes, which are key to approving FID.

Establish strategic partnerships with European or Asian battery/EV makers seeking US-origin critical minerals

Standard Lithium Ltd. is advancing offtake and project financing discussions. The company is working with its JV partner, global energy leader Equinor, which holds a 45% interest in the Smackover Lithium JV. The DLE field-pilot plant produced concentrated lithium chloride solution samples expected to play a key role in the qualification process with prospective off-take partners.

Utilize the scalable Direct Lithium Extraction (DLE) process to explore and acquire new US brine assets outside the Smackover region

Standard Lithium Ltd. aims for commercial-scale production using a scalable and fully integrated Direct Lithium Extraction (DLE) and purification process. The DLE technology is being validated through pilot work, which supplements data from the Demonstration Plant processing approximately 35 million gallons of brine since 2020.

The DLE field-pilot plant performance metrics include:

• DLE cycles completed: Nearly 500.
• Brine processed: 2,385 barrels.
• Concentrated solution produced: Approximately 970 gallons (23 barrels) of 6% LiCl solution.
• Lithium recovery: Exceeded 99% from brine sourced from the SWA Project well.

Standard Lithium Ltd. also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California, indicating exploration outside the Smackover Formation.

Position Standard Lithium Ltd. as the preferred domestic supplier to meet US government critical mineral mandates

Standard Lithium Ltd.'s SWA Project is flagged as a Priority Transparency Critical Mineral Project under Executive Order 14241, recognizing its importance for national security, economic, and energy needs. This federal backing is intended to promote a streamlined permitting process. The company secured a $225 million grant from the U.S. Department of Energy (DOE) to support the construction of Phase 1 of the SWA project.

Financial context as of the third quarter of 2025:

• Q3 2025 Net Loss: $6.1 million.
• Six-month EPS (earlier period): (16c).
• Total Assets: $259.5 million.
• Total Liabilities: $31.44 million.

The DOE grant is part of funding under the Infrastructure Investment and Jobs Act aimed at expanding domestic battery supply chain manufacturing. Finance: draft 13-week cash view by Friday.

Standard Lithium Ltd. (SLI) - Ansoff Matrix: Product Development

You're looking at how Standard Lithium Ltd. plans to move beyond its current product offering, which is a critical step for any near-commercial entity.

The push into higher-value battery chemicals is a clear product development strategy for Standard Lithium Ltd. This involves leveraging their core extraction technology to create materials with higher margins than standard commodity lithium carbonate.

• Advance the novel, low-temperature, patented conversion process developed with Telescope Innovations Corp. to create battery quality lithium sulfide from lithium hydroxide.
• The demonstration plant produced approximately 27 kilos of battery-quality lithium carbonate by May 2025 for qualification with potential offtake partners.

The planned output from the South West Arkansas (SWA) Project, developed with Equinor through the Smackover Lithium joint venture, is central to this strategy. The Lanxess facility, which has a history of operation, also informs potential derivative streams.

Project/Study	Product	Annual Capacity (Tonnes)	Basis
SWA Project DFS (Q3 2025)	Battery-quality lithium carbonate	22,500 tonnes per annum (Phase 1)	Targeted Initial Production
SWA Project PFS (2023)	Battery-quality lithium hydroxide monohydrate (LHM)	30,000 tpa (Base Case)	20-year operating life
SWA Project PFS (2023)	Battery-quality lithium hydroxide monohydrate (LHM)	35,000 tpa (Upside Case)	20-year operating life
Lanxess DFS (2023)	Lithium Carbonate ($\text{Li}_2\text{CO}_3$)	5,400 tonnes	Average annual production

Investment in R&D is evidenced by the company's financial structure as it transitions from derisking to development. The accumulated deficit reflects this aggressive spending to optimize the Direct Lithium Extraction (DLE) process.

• Accumulated Deficit as of September 30, 2025: $50.5 million.
• Cash balance as of June 30, 2025: $33.8 million.
• Cash balance as of September 30, 2025: $32.1 million.
• DLE technology derisking at SWA Project achieved over 99% lithium recovery from brine.
• The SWA Project will process 0.20 km³ of brine over its modelled 20-year life.

Marketing the low-environmental-footprint product requires establishing credibility, which Standard Lithium Ltd. is building through regulatory milestones related to its DLE technology. The focus is on the sustainable nature of the DLE process itself, which minimizes land and water use.

• The SWA Project received a 2.5% royalty rate approval from the Arkansas Oil and Gas Commission (AOGC), establishing a precedent.
• SWA Project initial production capacity is expected to use brine at an average lithium concentration of 549 mg/L.
• The Franklin Project in East Texas reported lithium-in-brine grades up to 806 mg/L.

Standard Lithium Ltd. (SLI) - Ansoff Matrix: Diversification

You're looking at Standard Lithium Ltd. (SLI) moving beyond just the primary lithium play-that's smart diversification, especially when you have significant co-products locked up in the brine. The strategy here is turning by-products into profit centers, which really changes the cost structure of the whole operation.

Potash Co-Product Realization via DFS

The Definitive Feasibility Study (DFS) for the South West Arkansas (SWA) Project lays the groundwork for monetizing the potash. This study confirms the scale of the resource you're looking to commercialize as a co-product. The resource assessment identified 15.4M tonnes of potash, reported as potassium chloride (KCl), within the inferred resource category for the Franklin Project. The SWA Project DFS itself underpins the economics, showing an all-in Class III capital expenditure estimate of $1.45 billion, which includes a 12.3% contingency.

The numbers associated with this potential revenue stream from the co-product are substantial:

Co-Product	Estimated Inferred Resource Amount	Associated Project
Potash (Potassium Chloride)	15,400,000 tonnes	Franklin Project
Bromide (Ionized Form)	2,638,000 tonnes	Franklin Project
Lithium Carbonate Equivalent (LCE)	2,159,000 tonnes	Franklin Project

Bromide Sales Channel Establishment

Marketing the bromide co-product requires a dedicated sales channel to reach industrial chemical users. The resource estimate for the Franklin Project includes 2.6M tonnes of bromide at the inferred resource category. To be precise, the maiden inferred resource report quantifies this as 2,638,000 tonnes of bromide (ionized form) contained within 0.61 km³ of brine volume. This is a massive volume to move, so establishing that separate sales channel is defintely a key action item for diversification.

Potash Joint Ventures for Fertilizer Markets

Exploring joint ventures with agriculture companies helps de-risk the distribution and processing of the potash. Remember, potash (KCl) is a primary fertilizer component, and the U.S. Geological Survey added it to its 2025 Draft Critical Mineral List, which brings regulatory attention. The sheer scale of the resource-15.4M tonnes of KCl-makes securing off-take or processing partners critical for realizing value outside of the primary lithium focus.

DLE Technology Licensing for Royalty Income

Licensing the proprietary Direct Lithium Extraction (DLE) technology offers a pure-play royalty stream, which is capital-light diversification. While the SWA Project is slated to use the technology itself, the precedent for a royalty stream is set in Arkansas. The Arkansas Oil and Gas Commission (AOGC) unanimously approved a 2.5% royalty rate for Phase I of the SWA Project, marking the first such approval for lithium from brine extraction in the state. The technology itself, which Standard Lithium Ltd. (SLI) is deploying (via a license agreement with Koch Technology Solutions, including the Li-Pro™ technology), comes with strong performance guarantees: +95% lithium recovery and +99% contaminant rejection, including potassium.

• DLE Technology Performance Guarantees:
• Lithium Recovery: +95%
• Contaminant Rejection (e.g., Calcium, Magnesium): +99%
• SWA Project Royalty Rate Approved by AOGC: 2.5%

Finance: draft 13-week cash view by Friday.