re: Diving deeper on Standard Lithium?

Has anyone read this? Posted a couple days ago....might be the reason for the jump.

LINK


The first stock we’ll look at is Standard Lithium, a mining and exploration company currently working in southwestern Arkansas, where it has two lithium mining projects under development. These projects are located in the Smackover formation, an extensive, porous, permeable limestone formation that stretches in an arc from east-central Texas along the Arkansas-Louisiana border, through Mississippi and Alabama, and into the Florida Panhandle. The formation has been known and, at times, exploited for over a century, making Arkansas the world’s second-largest bromine producer. Today, the rich bromine brine deposits in the Smackover are also recognized as commercially viable sources of high-grade lithium.

The existing brine exploitation and production facilities in the southwest Arkansas region give Standard Lithium an advantage in developing the lithium deposits. The company is able to leverage the existing infrastructure and a partnership with the LANXESS chemical company to begin development of the Phase 1A Project, which will build on the existing permitted processing infrastructure belonging to LANXESS to put Standard’s first commercial lithium extraction plant into operation. Feasibility studies were completed in 3Q23, estimating a 5,400 tpa production over 25 years of operations. Standard Lithium expects to make a Final Investment Decision during 1H24, with commercial production targeted to start in 2026.

And they continue......