NetworkNewsBreaks – Standard Lithium Ltd. (TSX.V
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Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced that it has broken ground for its first-of-a-kind direct lithium extraction demonstration plant. According to the update, the El Dorado, Arkansas plant will employ the company’s proprietary technology to selectively extract lithium from tail brine, a by-product of the existing bromine production operations run by LANXESS. “No new lithium mine has been built in the United States in over five decades; breaking ground at our El Dorado site represents a major achievement towards changing that,” Standard Lithium CEO Robert Mintak stated in the news release. “We anticipate our project and progress will be keenly watched as lithium has taken on significant political interest with the White House 2017 executive order and subsequent pending legislation aimed to boost domestic supplies of critical minerals.”
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