President and COO Dr. Andy Robinson Joins Aqualung Board of Administrators
EL DORADO, Ark., May 12, 2022 (World NEWSWIRE) — Common Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an ground breaking engineering and lithium project progress corporation, nowadays declared an fairness investment decision of $2.5 million into Aqualung Carbon Capture AS, a leader in carbon seize technological know-how. Common Lithium’s investment was part of a $10 million strategic fairness spherical by Aqualung.
Dr. Andy Robinson, President and COO of Normal Lithium commented, “we began functioning with Aqualung in 2021, and are assured in its fundamental technology and the administration team’s strategy to commercialize their main carbon seize technologies. This strategic investment spherical delivered an perfect chance for Standard Lithium to just take a extra built-in approach as our Corporation strives in direction of a long run of very low-carbon lithium chemical production. A single of our goals is to equally minimize and/or capture our CO2 emissions, and forever sequester that CO2 as element of our potential operations. We glimpse forward to scaling up our present pilot task with Aqualung in assist of this ambition. In addition, I am delighted to be a part of Aqualung’s board of directors and actively take part in the company’s long term.”
The carbon seize pilot undertaking is being formulated in collaboration with Aqualung and will be put in at a natural gasoline processing site in southern Arkansas (see information release September 14, 2021). Structure and fabrication of the pilot device is underway, and deployment at the internet site locale is scheduled for Q3 of this 12 months.
$2.5 Million Equity Financial investment Terms
Normal Lithium invested $2.5 million in trade for 179,175 shares of Aqualung typical inventory. Coincident with the Company’s investment, President and COO Dr. Andy Robinson joined Aqualung’s board of directors.
About Common Lithium Ltd.
Standard Lithium is an ground breaking know-how and lithium enhancement corporation. The Company’s flagship undertaking is found in southern Arkansas, where it is engaged in the screening and proving of the industrial viability of lithium extraction from about 150,000 acres of permitted brine operations. The Firm operates its first-of-a-form industrial-scale Direct Lithium Extraction (DLE) demonstration plant at Lanxess’s south plant facility in southern Arkansas. The demonstration plant utilizes the Company’s proprietary LiSTR know-how to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is remaining utilized for proof-of-notion and commercial feasibility experiments. The scalable, environmentally pleasant method removes the use of evaporation ponds, minimizes processing time from months to hrs and considerably boosts the helpful restoration of lithium. The Enterprise is also pursuing the useful resource enhancement of above 30,000 acres of individual brine leases positioned in southwest Arkansas, referred to as the South West Arkansas Lithium Project, and about 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.
Typical Lithium is jointly listed on the TSX Venture Exchange and the NYSE American below the buying and selling symbol “SLI” and on the Frankfurt Inventory Trade beneath the symbol “S5L”. Remember to check out the Company’s web site at https://www.standardlithium.com.
On behalf of the Board of Typical Lithium Ltd.
Robert Mintak, CEO & Director
Neither TSX Enterprise Trade nor its Regulation Expert services Service provider (as that phrase is described in guidelines of the TSX Enterprise Exchange) accepts responsibility for the adequacy or accuracy of this release. This information release may perhaps contain specified “Forward-Looking Statements” in just the this means of the United States Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities guidelines. When utilised in this information release, the text “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other identical text or expressions recognize ahead-on the lookout statements or information and facts. These forward-wanting statements or details may perhaps relate to foreseeable future prices of commodities, accuracy of mineral or useful resource exploration exercise, reserves or assets, regulatory or governing administration demands or approvals, the trustworthiness of third party details, continued obtain to mineral homes or infrastructure, fluctuations in the current market for lithium and its derivatives, adjustments in exploration costs and authorities regulation in Canada and the United States, and other things or information. These types of statements signify the Company’s present-day views with respect to foreseeable future events and are always based upon a selection of assumptions and estimates that, while viewed as acceptable by the Firm, are inherently issue to important small business, financial, competitive, political and social challenges, contingencies and uncertainties. Several factors, the two acknowledged and unfamiliar, could induce benefits, performance or achievements to be materially diverse from the results, general performance or achievements that are or may possibly be expressed or implied by these kinds of ahead-on the lookout statements. The Enterprise does not intend, and does not presume any obligation, to update these ahead-searching statements or facts to reflect modifications in assumptions or changes in situation or any other occasions affections such statements and facts other than as necessary by relevant laws, rules and laws.
Make contact with: For more details call: LHA Investor Relations David Barnard +1 415-433-3777 [email protected] [email protected] Twitter: @standardlithium LinkedIn: https://www.linkedin.com/firm/typical-lithium/
