Major Lithium Discovery Positions Standard Lithium for Potential Rebound

Standard Lithium Ltd., the Canadian lithium development company, has announced a significant resource discovery through its Smackover Lithium joint venture. The announcement, coming just days before the company’s quarterly earnings report, reveals the highest lithium concentrations ever recorded in North America. This development could potentially reverse the downward trend in the company’s share price, which has faced substantial pressure in recent weeks.

On November 5, Standard Lithium released an initial resource report for its Franklin Project located in northeastern Texas. The data presents impressive figures: 2.16 million tonnes of lithium carbonate equivalent (LCE) with an average lithium concentration of 668 mg/L. One drilling operation achieved a peak concentration of 806 mg/L, establishing a Read more...