re: Diving deeper on Standard Lithium?

I was under the impression that SLI wanted to give 1.8% or whatever royalty of “raw” lithium, meaning raw brine. If I’m understanding this correctly, the AOGC wants them to settle at 2.5% of “finished” refined lithium?

If that’s the case then they’re worlds apart on this.

quote:

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I would just clarify that the 2.5% of end product idea came from one commissioner and wasn't presented as the position of the whole commission

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Then we should do the same to their oil production.

I actually felt like before the lunch break it was going to be approved! Must have been one heck of a lunch meeting!

They were asked last earnings if the grant is at risk and David Park said the DoE was trying to finalize grants by December. So hopefully that can work out without having a royalty in place.

I have not bought more SLI in years, but am adding to my position this morning. I just sold Reddit and MSTR, which long term I am about as bullish on those as I can be (and will likely be adding back to those positions in 30 days) to free up some cash.

The lithium trade is overdone to the downside this morning and the euphoria in some of the other stocks is also overdone IMO. But the hearing and now Trump are not great for SLi stockholders.

Trump is actually good for SLI as he is very much for domestic production of lithium and other needed minerals, resources. He was very much in favor of tax breaks for domestic producers and tariffs on imports. He's not anti-environment and actually knows about SLI and the fact that DLE from these brines are the greenest way to obtain lithium.

Our Governor knows him pretty well. Trump is good for Arkansas.

What are chances of nothing happening with royalty till 2025 with holidays coming up?

A royalty recap off the top of my head

-Application heard Sep23, continued to Dec23
-Not enough info in Dec23, pushed to Jan24
-Jan24 hearing cancelled
-Application to be heard in April
-Application withdrawn by applicants
-Joint application filed, to be heard Sep24
-Legal issues, need pre-hearing Oct24
-Pre-hearing Oct24, all set for Nov24 hearing
-Application denied Nov24 for applicants still not sharing info requested Dec23, 11 months ago

One more scheduled hearing this year, on Dec 10. Make what you want with that information; in my mind there’s no royalty on the horizon.

The issue I’m seeing for Standard is they seem to have no leverage whatsoever. Let me elaborate

Standard: We’ll move to Texas.
Rebuttal: Good luck, Texas has no equivalent of the Arkansas Brine Act. You can’t even reinject brine there. By the way, who owns brine minerals in Texas, the landowner or mineral owner? And you haven’t yet defined your Texas resource publicly? Doesn’t that come like years before engineering/FID? lol see you at the next Arkansas hearing.

Standard: We’ll move to another formation altogether.
Rebuttal: Interesting, you’ve repeatedly told your investors that the resource dictates the technology and that you don’t build the technology and deploy it across different formations. If that was true, I’m sorry that you wasted 4 years pilot testing technology that is tailored to Smackover brine. Also aren’t you pretty far along on your engineering flow sheet tailored to Smackover brine? And like a week ago announced a technology license with Koch for your Arkansas project? lol see you at the next Arkansas hearing.

Standard: Nothing’s forcing us to stay in Arkansas.
Rebuttal: You’re right. Nothing’s forcing you to receive the $225M grant that’s attached to your Arkansas project. lol see you at the next Arkansas hearing.

No leverage=no way to bluff=commission can take its time

(Open to correction)

How are the saltwater disposal wells all over The Eagle Ford formation different than Brine reinjection?