NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V
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Posted On: 11/12/2018 4:47:45 PM
NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Enters JV Term Sheet with LANXESS Corporation
Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTC-Nasdaq Intl. Designation: STLHF), a lithium-focused exploration company, this morning announced that it has executed a joint venture term sheet with LANXESS Corporation, a global specialty chemical company. Per the terms of a binding memorandum of understanding, the two companies are exploring a contemplated joint venture related to commercial opportunities stemming from the production, marketing and sale of battery grade lithium from brine extracted from the Smackover Formation located in southern Arkansas. Under the proposed terms of the joint venture, LANXESS would contribute lithium extraction rights and grant existing infrastructure access, and Standard Lithium would contribute existing rights and leases held in the Smackover Formation, as well as the property’s pilot plant and its proprietary extraction processes. LANXESS is prepared to provide funding to the joint venture to allow for commercial development of the future commercial project upon proof of concept, and Standard Lithium is expected to participate on similar terms for project funding. The joint venture’s final terms are subject to any funding arrangements and completion of due diligence, technical proof of concept, studies to confirm the project’s technical feasibility and economic viability and the parties’ negotiation of definitive agreements.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTC-Nasdaq Intl. Designation: STLHF), a lithium-focused exploration company, this morning announced that it has executed a joint venture term sheet with LANXESS Corporation, a global specialty chemical company. Per the terms of a binding memorandum of understanding, the two companies are exploring a contemplated joint venture related to commercial opportunities stemming from the production, marketing and sale of battery grade lithium from brine extracted from the Smackover Formation located in southern Arkansas. Under the proposed terms of the joint venture, LANXESS would contribute lithium extraction rights and grant existing infrastructure access, and Standard Lithium would contribute existing rights and leases held in the Smackover Formation, as well as the property’s pilot plant and its proprietary extraction processes. LANXESS is prepared to provide funding to the joint venture to allow for commercial development of the future commercial project upon proof of concept, and Standard Lithium is expected to participate on similar terms for project funding. The joint venture’s final terms are subject to any funding arrangements and completion of due diligence, technical proof of concept, studies to confirm the project’s technical feasibility and economic viability and the parties’ negotiation of definitive agreements.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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