Market Demand For lithium Covered By Standard Lithium
Meeting the increased demand for lithium, an estimated 800,000 tons per year by 2025, requires an innovative approach. The Smackover Formation in southern Arkansas may hold one of the most significant lithium resources globally. The key to unlocking this resource lies in deploying advanced lithium extraction technologies. In thid process, Standard Lithium leads the industry in the application because they have experience.
The Company is currently engaged in the exploration and resource development of the California Lithium Projects located in the Mojave region of San Bernardino County, California. The project area has good infrastructure in-place because they have easy road and rail access and abundant electricity & water sources. It has permitt for extensive brine extraction and processing activities. Company is also rapidly conducting resource evaluation on up to 30,000 acres of brine leases and it is located in the Smackover.
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