re: Diving deeper on Standard Lithium?

Lithium sentiment aside, SLI has explicitly given potential investors every reason to wait and watch from the sidelines for the moment:

1. Phase 1A: CFO Salah Gamoudi has clearly said in the last earnings call that nothing will happen with Phase 1A until the royalty is decided and Lanxess brine supply agreement is finalized. (New investors should wait until the royalty is decided.)

2. SWA: CFO and COO have both recently said that SWA is working on FEED and DFS and they expect those to be complete in CALENDAR YEAR 2025. Until then, biggest hope is another "Drilled a new hole. Great lithium levels!" (New investors should wait until 2025.)

3. East Texas: Between May and June, CFO and COO have each said that the goal is to define the East Texas resource "within the next 12 months." Until then, biggest hope is another "Drilled a new hole. Great lithium, bromine, and potash levels!" (New investors should wait until closer to May 2025.)

Upcoming items to look for:
1. Royalty decision
2. Lanxess brine supply deal finalized
3. Phase 1A partnership
4. Phase 1A offtake announcement
5. Phase 1A funding (prioritized by CFO: $ from partner>prepaid offtakes>[DoE] loans>grants>dilution)
6. East Texas resource announcement
7. East Texas offtake announcement
8 SWA DFS

(Correct me anywhere I'm wrong)

New investors should wait for insiders to actually accumulate on their own, outside of compensation.

Existing share, I mean bag holders, should flip the pancake when the opportunity arises.

IBAT has officially won the race being first to market with commercial DLE

LINK

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International Battery Metals (OTCPK:IBATF) +16.3% in Thursday's trading after Reuters reported it has become the first company to commercially produce lithium with a unique type of filtration technology, a step expected to usher in cheaper and faster supplies of the metal. At a site in rural Utah controlled by privately-held U.S. Magnesium, IBAT (OTCPK:IBATF) this week started producing commercial volumes of lithium at a rate of nearly 5K metric tons/year using its version of a direct lithium extraction technology, according to the report. IBAT (OTCPK:IBATF), which developed its DLE plant to be portable, essentially has beaten Standard Lithium (SLI), Rio Tinto (RIO), Eramet (OTCPK:ERMAF) (OTCPK:ERMAY) and others as the first to hit that mark, the report said.

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While it’d be nice if SLI was first, this may be a rising tide that lifts all DLE boats. If the news is true, DLE has been proven to work at commercial scale.

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First is the worst, second is the best...

(Edited because I misunderstood your question)

I can't tell from the article you shared if SLI owns the mineral rights or just the land. Either way, it matters very, very little in the grand scheme of things. If SLI owns the minerals, they'd save royalties on 118 acres out of 30,000 acres that make up the SWA project territory.

For perspective, under Standard's previous royalty proposal, mineral owners stood to be paid about $80/acre/year in royalties under worst case (low lithium prices). That would have meant that the total royalty to be paid to mineral owners in the SWA project would have been $2.4M per year. And if Standard owned the minerals to go with their 118-acre parcel, they would have saved a grand total of $9,440 per year in royalties. That's how small of a deal this is.

Yeh I don't think it's this month.

No royalty items on the docket for the final meeting agenda posted on AOGC website.

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Odds they skip Phase 1A at this point?

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Definitely think it's looking more and more likely.

I just hope skipping 1A will allow them to put more resources into SWA and expedite it.

Pros: quick to build and to production

Cons. Lower output and revenue
Lower efficiency compared to E Tx concentrations

Thought I'd pass along this LinkedIn post from an Equinor engineer since things are pretty slow