Standard Lithium Ltd., the Canadian company building the basis of a lithium mining industry in south Arkansas and east Texas, will hold its annual shareholder meeting at 10 a.m. April 4 in El Dorado.
The company, based in Vancouver, has been refining battery-ready lithium products at two test plants in El Dorado with a system that extracts the element from saltwater pumped from the old oilfields of the Smackover Formation. This week it announced the discovery of lithium-rich brine sampled from a re-entered well and a newly drilled well in east Texas.
The meeting will be offered via a live webcast available to shareholders online, and those with shares are also invited to attend in person at First Financial Hall in the Murphy Arts District in downtown El Dorado. Members of the company management will be on hand to meet with stockholders, the company said in a news release.
The appointment of an auditor, the election of directors and the ratification of Standard’s equity incentive plans will be on the agenda.
The company’s flagship projects are its direct lithium extraction demonstration facilities at a Lanxess plant in El Dorado that has long drawn bromine from the area and has an extensive brine infrastructure, and what Standard calls its South West Arkansas Project near the Louisiana and Texas state lines.
The goal is to test the viability of commercial lithium extraction and purification from brine obtained on about 180,000 acres of leases. Its “scalable, environmentally friendly process eliminates the use of evaporation ponds” to secure lithium, a key ingredient in lithium-ion batteries. Standard Lithium started a definitive feasibility study and a front-end engineering study for the first phase of the Lanxess project in September. A preliminary feasibility study of the South West Arkansas Project began last May.
Shareholders of record as of Feb. 17 will be eligible to vote by proxy, or they can choose to vote at the meeting. The company 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.
