Excerpt:  "Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, is pleased to announce that, as part of its significant resource expansion work in the East Texas Smackover region, it has sampled, to the best of its knowledge, the highest confirmed lithium grade brine in North America, with a grade of 634 mg/L lithium. In Standard Lithium’s experience, the grade of lithium in brine used for Direct Lithium Extraction (DLE) has a meaningful impact on both capital expenditures and operating costs in connection with the extraction process, with a higher grade typically resulting in lower overall costs.

https://storage.ning.com/topology/rest/1.0/file/get/11004817901?pro...

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Shout out to GHS member Joe B. Lovelace for keeping up with this potentially significant issue.  Members who have an interest in this issue can read the original discussion, over a year old, on the Cass County Group Page.

Posted is a Press Release issued today by Standard Lithium and its ongoing partnership with Koch Technology Solutions "to share data and jointly develop and commercialize integrated lithium brine processing flowsheets for Standard Lithium’s exclusive use in the Smackover Formation. The agreement will further enhance Standard Lithium’s position to build the first U.S. commercial lithium project in several decades and to begin to meet the surging demand for lithium."

Additional information regarding the discovery well discussed in the previous press release will be posted in the Cass County Group thread.

Attachments:

Thanks, Joe.  Without your help, we wouldn't be hearing much on this potentially important play.

Tesla breaks ground on lithium refinery that will supply Austin facility - Austin American StatesmanAustin-based%20Tesla%20breaks%20ground%20on%20Corpus%20Christi%20li...

As a company on the New York Stock Exchange, Standard Lithium is required to submit to the SEC quarterly filings of its company activity.  EDGAR—Electronic Data Gathering, Analysis, and Retrieval—is the electronic filing system created by the Securities and Exchange Commission to increase the efficiency and accessibility of corporate filings. The system is used by all publicly traded companies when submitting required documents to the SEC. 

Here is copied information East Texas mineral owners should read:https://www.sec.gov/ix?doc=/Archives/edgar/data/1537137/00011046592...

STANDARD LITHIUM LTD.

Management’s Discussion and Analysis

For the Three and Nine Months Ended March 31, 2023

TEXAS SMACKOVER EXPANSION PROGRAM

On October 27, 2022, the Company announced that it had conducted an extensive geological, geochemical, and geophysical review of large regions of the Smackover Formation with a focus on significantly expanding the Company’s resource holdings.

On March 28, 2023, the Company announced that as a result of this data gathering and interpretive work, the Company had identified a select number of highly prospective lithium brine project areas in the Smackover Formation in East Texas and had begun an extensive brine leasing program in the key project areas. The greatest level of effort to date, and the Company’s principal brine leasing focus, had been in the region close to the Arkansas and Louisiana state lines. As the Company had been securing brine rights in the key project areas over the last 18 months, it also secured access to a pre-existing oil and gas production well and drilled a new exploration borehole.

During the period, the Company commenced capitalizing the Smackover Expansion Program. Expenditures for the Smackover Expansion Program costs for the three months ended March 31, 2023 were $6,648,341 (March 31, 2022 $Nil) and nine months ended March 31, 2023 were $9,695,870 (March 31, 2022- $Nil). The Company will be releasing further information concerning this significant resource expansion program as third-party validated results and data become available.

Thanks, Joe.  FYI, I'm getting a "server not found" error message when clicking your link.

Sorry Skip.  Here's the PDF of the Edgar filing from which the above snip was taken.  Joe    March%2031%2C%202023%20Edgar%20Filing.pdf

Thanks, Joe.  That link works.

Dumb Question for you guys(?)

1st - Thank you for informing us on this significant issue!

Will the Leasing and Royalties for Lithium be similar to our current Oil & Gas Leases and will it be in addition to them or does our existing Lease include Lithium extraction?

Reason is, I had a Company who says they are representing Standard Lithium query call about purchasing Lithium Rights on existing Wells in San Augustine County, but the amount seemed very low ($500) and the caller a little 'sketch'... wrong accent for Texas and phone number for Texas (?) .

Just throwing the dumb questions out there... Thank you!

I wouldn't worry too much about the phone number or the accent.  The lease language is what's important. There is another discussion thread that you should read on the Cass County Group page.  Joe attached a copy of the lease agreement contract in that discussion.  Neither he nor I liked it but we are not experienced O&G attorneys.  The bonus is whatever is acceptable for you and I wouldn't be looking for bonuses per acre in the thousands of dollars range unless you own a large acreage in a priority location.  The big question, unanswered, is what is a fair market royalty rate?  I'm not sure we have any reliable data to know the answer to that question.  Use this link, read through the discussion thread and download the lease contract and review.  Better yet, have an experienced O&G attorney review it.  There are no dumb questions when it comes to managing your mineral rights.

https://gohaynesvilleshale.com/group/casscounty/forum/topics/brine-...

FYI - The Wells he was interested in are located in extreme NE San Augustine along the Shelby and Panola County lines

I thought this was an interesting article, especially after the call.

 https://www.enverus.com/newsroom/untapped-lithium-extraction-uncove...

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