President and COO Dr. Andy Robinson Joins Aqualung Board of Directors
EL DORADO, Ark., May 12, 2022 (World NEWSWIRE) — Conventional Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an progressive technological know-how and lithium challenge enhancement firm, these days declared an fairness expense of $2.5 million into Aqualung Carbon Capture AS, a leader in carbon capture technology. Normal Lithium’s expense was component of a $10 million strategic equity spherical by Aqualung.
Dr. Andy Robinson, President and COO of Typical Lithium commented, “we started doing work with Aqualung in 2021, and are self-confident in its underlying technological innovation and the management team’s system to commercialize their core carbon capture technology. This strategic investment decision spherical supplied an ideal opportunity for Standard Lithium to just take a more integrated technique as our Business strives towards a foreseeable future of minimal-carbon lithium chemical output. One particular of our goals is to each reduce and/or seize our CO2 emissions, and completely sequester that CO2 as part of our foreseeable future functions. We glimpse forward to scaling up our existing pilot project with Aqualung in support of this ambition. In addition, I am delighted to sign up for Aqualung’s board of directors and actively take part in the company’s future.”
The carbon seize pilot challenge is becoming formulated in collaboration with Aqualung and will be mounted at a all-natural gasoline processing internet site in southern Arkansas (see news launch September 14, 2021). Design and fabrication of the pilot device is underway, and deployment at the site spot is scheduled for Q3 of this year.
$2.5 Million Equity Investment Conditions
Standard Lithium invested $2.5 million in trade for 179,175 shares of Aqualung typical stock. Coincident with the Company’s investment, President and COO Dr. Andy Robinson joined Aqualung’s board of administrators.
About Normal Lithium Ltd.
Typical Lithium is an revolutionary engineering and lithium development firm. The Company’s flagship task is located in southern Arkansas, where it is engaged in the screening and proving of the business viability of lithium extraction from in excess of 150,000 acres of permitted brine operations. The Corporation operates its initially-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 technological know-how to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is becoming utilized for proof-of-strategy and commercial feasibility experiments. The scalable, environmentally helpful approach eradicates the use of evaporation ponds, lessens processing time from months to several hours and considerably boosts the effective recovery of lithium. The Business is also pursuing the source progress of more than 30,000 acres of separate brine leases found in southwest Arkansas, referred to as the South West Arkansas Lithium Challenge, and somewhere around 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.
Normal Lithium is jointly stated on the TSX Enterprise Exchange and the NYSE American under the buying and selling symbol “SLI” and on the Frankfurt Inventory Exchange underneath the symbol “S5L”. Remember to stop by the Company’s internet site at https://www.standardlithium.com.
On behalf of the Board of Common Lithium Ltd.
Robert Mintak, CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Supplier (as that time period is described in procedures of the TSX Undertaking Exchange) accepts duty for the adequacy or accuracy of this launch. This news launch could incorporate particular “Forward-On the lookout Statements” in the indicating of the United States Non-public Securities Litigation Reform Act of 1995 and applicable Canadian securities guidelines. When utilised in this news launch, the terms “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other very similar terms or expressions recognize ahead-wanting statements or information. These ahead-searching statements or facts may perhaps relate to upcoming price ranges of commodities, accuracy of mineral or useful resource exploration action, reserves or resources, regulatory or govt requirements or approvals, the trustworthiness of 3rd social gathering information, continued entry to mineral properties or infrastructure, fluctuations in the marketplace for lithium and its derivatives, variations in exploration prices and governing administration regulation in Canada and the United States, and other things or data. These types of statements depict the Company’s present-day views with respect to potential activities and are necessarily primarily based upon a amount of assumptions and estimates that, although regarded affordable by the Business, are inherently matter to considerable business, financial, aggressive, political and social challenges, contingencies and uncertainties. Many factors, both known and unidentified, could bring about benefits, efficiency or achievements to be materially diverse from the benefits, overall performance or achievements that are or might be expressed or implied by this sort of forward-on the lookout statements. The Corporation does not intend, and does not assume any obligation, to update these ahead-hunting statements or facts to replicate alterations in assumptions or changes in situations or any other activities affections such statements and information and facts other than as demanded by relevant guidelines, regulations and regulations.
Get in touch with: For additional facts get in touch with: LHA Investor Relations David Barnard +1 415-433-3777 [email protected] [email protected] Twitter: @standardlithium LinkedIn: https://www.linkedin.com/company/typical-lithium/