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President and COO Dr. Andy Robinson Joins Aqualung Board of Administrators
EL DORADO, Ark., May well 12, 2022 (World NEWSWIRE) — Common Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an ground breaking technological know-how and lithium task progress business, now declared an fairness expenditure of $2.5 million into Aqualung Carbon Capture AS, a leader in carbon seize technological innovation. Standard Lithium’s expense was component of a $10 million strategic fairness round by Aqualung.
Dr. Andy Robinson, President and COO of Regular Lithium commented, “we commenced performing with Aqualung in 2021, and are self-assured in its fundamental technological know-how and the administration team’s method to commercialize their main carbon seize engineering. This strategic investment round offered an suitable chance for Common Lithium to acquire a extra built-in method as our Firm strives in direction of a future of small-carbon lithium chemical output. 1 of our targets is to both minimize and/or seize our CO2 emissions, and permanently sequester that CO2 as part of our long run operations. We seem ahead to scaling up our present pilot job with Aqualung in assistance of this ambition. In addition, I am delighted to join Aqualung’s board of directors and actively participate in the company’s long term.”
The carbon seize pilot project is getting created in collaboration with Aqualung and will be put in at a normal fuel processing internet site in southern Arkansas (see information release September 14, 2021). Structure and fabrication of the pilot unit is underway, and deployment at the website location is scheduled for Q3 of this calendar year.
$2.5 Million Fairness Investment decision Phrases
Standard Lithium invested $2.5 million in trade for 179,175 shares of Aqualung widespread stock. Coincident with the Company’s expense, President and COO Dr. Andy Robinson joined Aqualung’s board of administrators.
About Common Lithium Ltd.
Standard Lithium is an progressive engineering and lithium development firm. The Company’s flagship venture is positioned in southern Arkansas, wherever it is engaged in the screening and proving of the industrial viability of lithium extraction from over 150,000 acres of permitted brine functions. The Firm operates its initial-of-a-type industrial-scale Immediate Lithium Extraction (DLE) demonstration plant at Lanxess’s south plant facility in southern Arkansas. The demonstration plant utilizes the Company’s proprietary LiSTR technological know-how to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is staying utilised for evidence-of-principle and industrial feasibility reports. The scalable, environmentally welcoming course of action eliminates the use of evaporation ponds, reduces processing time from months to several hours and greatly improves the effective restoration of lithium. The Firm is also pursuing the useful resource improvement of about 30,000 acres of different brine leases situated in southwest Arkansas, referred to as the South West Arkansas Lithium Venture, and roughly 45,000 acres of mineral leases positioned in the Mojave Desert in San Bernardino County, California.
Standard Lithium is jointly outlined on the TSX Venture Exchange and the NYSE American below the trading image “SLI” and on the Frankfurt Stock Exchange beneath the image “S5L”. Remember to take a look at the Company’s website at https://www.standardlithium.com.
On behalf of the Board of Normal Lithium Ltd.
Robert Mintak, CEO & Director
Neither TSX Enterprise Exchange nor its Regulation Products and services Supplier (as that term is outlined in policies of the TSX Venture Trade) accepts obligation for the adequacy or accuracy of this launch. This news release may perhaps contain certain “Forward-Looking Statements” inside the which means of the United States Private Securities Litigation Reform Act of 1995 and relevant Canadian securities legislation. When utilized in this news launch, the phrases “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other very similar terms or expressions recognize ahead-hunting statements or data. These forward-seeking statements or details may relate to potential costs of commodities, precision of mineral or source exploration exercise, reserves or means, regulatory or government needs or approvals, the dependability of third party facts, ongoing access to mineral houses or infrastructure, fluctuations in the sector for lithium and its derivatives, adjustments in exploration prices and govt regulation in Canada and the United States, and other things or info. These kinds of statements represent the Company’s current views with respect to long term occasions and are essentially based mostly on a amount of assumptions and estimates that, although considered reasonable by the Company, are inherently matter to substantial business, economic, competitive, political and social risks, contingencies and uncertainties. A lot of aspects, both of those identified and unidentified, could induce benefits, overall performance or achievements to be materially various from the results, overall performance or achievements that are or may be expressed or implied by this sort of forward-hunting statements. The Business does not intend, and does not think any obligation, to update these forward-searching statements or information to reflect improvements in assumptions or improvements in situations or any other activities affections this kind of statements and info other than as required by applicable legal guidelines, policies and regulations.
Get in touch with: For additional data get hold of: LHA Investor Relations David Barnard +1 415-433-3777 [email protected] [email protected] Twitter: @standardlithium LinkedIn: https://www.linkedin.com/firm/regular-lithium/
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