Standard Lithium Announces Notice of Allowance for U.S. Patents Covering DLE Process for Recovering Lithium From Brines
01 Novembre 2022 - 11:00AM
Standard Lithium Ltd. (“Standard Lithium” or the
“Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an
innovative pre-commercial lithium company, announced today that the
United States Patent and Trademark Office (“USPTO”) has issued
Notices of Allowance for Standard Lithium’s first two U.S. patent
applications; serial no.16/410,523 and serial no. 16/224/463, both
titled “Process for Recovering Lithium from Brines”, a novel and
proprietary technique for continuous Direct Lithium Extraction
(DLE) from lithium brines.
These U.S. patent applications are two of the
three pending U.S. patent applications for elements of Standard
Lithium’s innovative DLE processes. A Notice of Allowance is issued
by the USPTO after examination of a patent application and a
determination that a patent should be granted from the application.
Standard Lithium anticipates the issue of the formal registration
of these patents in the coming months.
Dr. Andy Robinson, President of Standard Lithium
commented, “The successful Notice of Allowance from the USPTO
provides continued affirmation of the Company’s lithium extraction
technology and allows Standard Lithium to continue advancing its
first commercial lithium extraction project with even greater
certainty of intellectual property rights.”
About Standard Lithium Ltd.
Standard Lithium is an innovative lithium
company moving rapidly towards commercialization. The Company’s
flagship project is located in southern Arkansas, where it is
engaged in the design of its first commercial lithium project,
intended to be constructed on 150,000 acres of existing permitted
brine operations. The Company operates its first-of-a-kind
industrial-scale Direct Lithium Extraction (DLE) demonstration
plant at Lanxess’s south plant facility in southern Arkansas. The
demonstration plant utilizes the Company’s DLE technology to
selectively extract lithium from Lanxess’s tail brine. The
demonstration plant is being used for definitive feasibility and
commercial engineering design 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 development of over 30,000 acres of separate brine
leases located in southwest Arkansas, referred to as the South West
Arkansas Lithium Project, and approximately 45,000 acres of mineral
leases located in the Mojave Desert in San Bernardino County,
California.
Standard Lithium is jointly listed on the TSX
Venture Exchange and the NYSE American under the trading symbol
“SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”.
Please visit the Company’s website
at https://www.standardlithium.com.
Twitter: @standardlithiumLinkedIn:
https://www.linkedin.com/company/standard-lithium/
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release may contain certain
“forward-looking statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information may
relate to plans at the Lanxess South Facility and the South West
Arkansas Project, the issuance of formal registrations of U.S.
patents, future prices of commodities, accuracy of mineral or
resource exploration activity, reserves or resources, regulatory or
government requirements or approvals, the reliability of third
party information, continued access to mineral properties or
infrastructure, fluctuations in the market for lithium and its
derivatives, changes in exploration costs and government regulation
in Canada and the United States, and other factors or information.
Such statements represent the Company’s current views with respect
to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and
uncertainties. Many factors, both known and unknown, could cause
results, performance or achievements to be materially different
from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affecting such statements and information other than as
required by applicable laws, rules and regulations.
For further information contact:
LHA Investor Relations
David Barnard
+1 415-433-3777
standardlithium@lhai.com
info@standardlithium.com
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