SLI stock barely moved higher on July 15, 2021, after the company released a bombshell PR. Only about five traders on StockTwits noticed how huge the PR really was.
Standard Lithium Delivers SiFT Lithium Carbonate Plant to Arkansas Project Site
Standard Lithium Ltd. (TSXV: SLI) (NYSE: SLI) (FRA: S5L), an innovative technology and lithium project development company today, announced the delivery of its ‘SiFT’ lithium carbonate plant to the El Dorado Arkansas project site, located at the LANXESS South Plant facility. The SiFT Plant will be installed adjacent to and connected to the Company’s LiSTR Direct Lithium Extraction (“DLE”) pre-commercial scale demo plant. The SiFT plant is designed to take the intermediate product made by the company’s DLE process (a high purity, concentrated lithium chloride solution) and convert that into a battery-quality (or better) lithium carbonate.
The modular plant was sent as several truck-loads and has been reassembled on its purpose-built foundations. Standard Lithium and its team of engineers and operators in Arkansas, assisted by the experienced on-site team of Milam and HGA, is now reconnecting the modules and making all utility, instrumentation, control, reagent, and process-flow connections between the SiFT plant and the existing operating SLI Demo Plant.
Following the connections being completed, a weatherproof structure will be installed at the site, scheduled later this month. Once the SiFT Plant is made weatherproof, it can be hydraulically integrated. Site-specific commissioning can be completed; note that the SiFT Plant has been fully commissioned previously and has been running successfully for several months in Vancouver.
The fully automated lithium carbonate crystallization plant has been designed around the Company’s proprietary ‘SiFT’ continuous fractional crystallization technology, which has demonstrated to produce >99.9% purity (also known as ‘three-nines’) battery-quality lithium carbonate. Saltworks Technologies Inc constructed the crystallization plant (see the Company’s June 6, 2020 news release). The SiFT plant has been operating for the past year at a facility in the Greater Vancouver area, processing lithium chloride produced at the Company’s Arkansas site and reprocessing technical grade lithium carbonate sourced from South American brine operations into battery quality Li2CO3.
Dr. Andy Robinson, President and COO of Standard Lithium commented, “Due to constraints imposed on our operations by the COVID-19 pandemic, we have, up until now, been running the SiFT Plant separately at a location in the Vancouver area. This work has been extremely successful, and we have produced large volumes of better-than battery quality lithium carbonate from lithium chloride concentrates made by the El Dorado Plant…
We’ve also been reprocessing very large quantities of low-quality material sourced from existing South American brine producers and have demonstrated that the SiFT technology can easily upgrade off-spec material in a single, simple step. We’re now thrilled to move the SiFT Plant to El Dorado, which was always our plan, get the plant connected and running, and then operate the only continuous, 24/7 start-to-finish brine-to-carbonate plant in North America.”
End To End Onsite Lithium Production
During the pilot test of their Lithium conversion plant, the Lithium ‘slurry’ had to be shipped to Canada for final processing in the SiFT plant there. Now all of that tech is onsite in Arkansas, and they will be able to produce Lithium from end to end at that site. They will also take sub-standard (cheap) Lithium and bring it up to battery grade.
Plant Location Close To Tesla
The article doesn’t mention that the location of their El Dorado plant is about 7 hours from Tesla, one of the largest consumers of lithium carbonate on the planet.
Standard Lithium has already committed to selling ALL production to Lanxess, which probably deals with German car manufacturers. However, if Tesla wanted to get in on the action, it wouldn’t be very hard or far. I think that if Tesla needs higher grade lithium (and why wouldn’t they?), and they learn about this company just 7 hours away, heck, they could pay the company to build another production plant on a Tesla lithium site AT THEIR COST. The plant would more than pay for itself within a year. Imagine how high SLI stock would soar on a pilot project with Tesla!
Standard Lithium Commences Trading on NYSE American
On July 13, 2021, Standard Lithium Ltd. (TSXV: SLI) (NYSE American: SLI) (FRA: S5L) announced that its common shares have commenced trading on the NYSE American LLC (the “NYSE American”) as of the market open on July 13, 2021.
The Company now trades on both the NYSE American and the TSX Venture Exchange under the new ticker symbol “SLI.” The NYSE American listing and change in ticker symbol does not require any action by current shareholders. There is no change in the name or CUSIP of the Company, and no consolidation of share capital, in connection with the NYSE American listing.
SLI Stock In VanEck Vectors Rare Earth/Strategic Metals ETF
Standard Lithium is pleased to announce that SLI stock has been added to the VanEck Vectors Rare Earth/Strategic Metals ETF. Standard Lithium was posted to the REMX on June 30, 2021.
Robert Mintak, CEO of Standard Lithium, stated that “On the heels of our recent announcement of the approval to list on the NYSE American, inclusion in the REMX is another step in demonstrating the evolution of Standard Lithium as we continue to execute our business plan and provide increased value for our shareholders.”
Standard Lithium stock being added to the VanEck Vectors Rare Earth ETF is a big deal IMO. It opens the stock up to benefit from the majority of stock traders who prefer to play ETFs.
Standard Lithium is an innovative technology and lithium development company. The company’s flagship project is located in southern Arkansas, where it is engaged in testing and proving the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The company has commissioned its first-of-a-kind industrial-scale direct lithium extraction demonstration plant at Lanxess’s south plant facility in southern Arkansas.
The demonstration plant utilizes the company’s proprietary LiSTR technology to extract lithium from Lanxess’s tail brine selectively. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours, and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases in the Mojave Desert in San Bernardino County, California.
SLI Stock Price History
Fundamental analysis of SLI stock price history shows that the stock was halted on July 13, 2021. The stock was halted by the IIROC. IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SLI Stock Chart
SLI stock looks smoking hot on the chart. Technical analysis of SLI stock price history shows that it is in a strong uptrend. It is currently pulling back a little after overheating, as evidenced by the profit takers on the money flow. We believe that soon the profit taking will subside and the stock will continue its trend higher.