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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Encouraging.  Thanks, Joe.

This is encouraging! A few people I know in NE Texas have signed leases. I don’t feel comfortable doing so this early since the royalties aren’t tied to the amount and value of what is extracted. Any new news on the leasing front?

Hopefully this will bring more competition.  Competition always benefits land/mineral owners.  It's still too early to expect much competition as the "play" is still very new.  My guess is that the competition will increase when processing facilities are nearing completion.  That is eighteen to twenty-four months away but until then there is no reason for lessees to offer more than their minimum lease terms. 

Many mineral owners leased for $150 an acre bonus and a three sixteenths royalty in the months before the Haynesville Shale was announced.  Within 90 days thereafter bonuses reached $20,000/acre and everyone regardless of how many acres they owned got a quarter royalty.  That was the result of competition. Please don't expect to get those terms for brine leases but understand that the best terms for brine lessors will come in early to late 2025.  I suggest that members not get serious about considering/negotiating a brine lease until they are receiving multiple offers.  By all means, respond to offers by stating an interest in leasing your rights to brine but be firm that you are going to wait.  Plenty of offers will come with scare tactics that you may "miss out".  Don't be fooled.

I need these pep talks! I fully intend to wait. I see zero logic or benefit to signing now, but I still enjoy a good pep talk!!!

I do hear from a land guy occasionally, and although he is kind and respectful, he always insinuates I’m messing up by waiting. And neighbors who have signed also wonder what I’m waiting on.

But I confidently wait!

Kudos to Standard Lithium for pushing the boundaries in sustainable lithium production!

Oil, Gas, Lithium Report: Saltwerx receives permits for three lithium wells in Columbia, Lafayette counties

magnoliareporter.com

Saltwerx LLC of The Spring, TX, has been issued permits to drill three wildcat wells in Columbia and Lafayette counties for possible lithium production.

According to published reports, ExxonMobil plans to build a large lithium processing facility in the Columbia-Lafayette County area, but it has not acquired property for that purpose and it hasn’t formally announced any construction plans.

Reports also said that in May, ExxonMobil paid Galvanic Energy of Moore, OK, about $100 million for mineral leases to 120,000 acres of land that Saltwerx spent years acquiring for Galvanic.

Saltwerx has been acquired by ExxonMobil.

Saltwerx is listed as the operator for all three of the wells, but no contractor has been named.

The Suzy No. 1 is located 1,736 feet FSL and 2,039 feet FEL in Section 33-17S-21W in Columbia County. Permitted depth is to 9,640 feet. The location is east of County Road 15 near the intersection of County Road 203 in the Philadelphia community. Work began Saturday.

The Gerald No. 1 is located 331 feet FNL and 677 feet FWL in Section 29-18S-22W in Columbia County. Permitted depth is to 10,554 feet. The location is south of U.S. 371 along Columbia County Road 1 in the Sharman community north of Taylor. Work will start November 8.

The Lili No. 1 is located 2,318 feet FSL and 1,609 feet FEL in Section 1-18S-24W in Lafayette County. Permitted depth is to 10,048 feet. The location is along Homan Road west of Arkansas 53 in eastern Lafayette County. Work will start December 14.

One traditional permit for an oil well was also issued by the Arkansas Oil and Gas Commission.

The Helms et al No. 1 is located 1,784 feet FSL and 1,679 feet FEL in Section 34-18S-15W in a wildcat field in Union County. Permitted depth is to 7,800 feet. Work began September 15.

Jerry Langley Oil Company has completed the Equus Alliance Neeley No. 1-36 in Section 36-12S-18W in a wildcat field in Ouachita County. Total depth was to 3,192 feet. Work was finished September 18. No production was reported.

Interesting - these permits have not yet shown up on ENVERUS / I want to see how much deep well control is around these three locations.

I'm hoping that we have members in the area that can help us with some first person updates.

That would be nice for present activity on the ground

Thanks for posting!

Standard Lithium Files Definitive Feasibility Study for its First Commercial Lithium Extraction Plant – Phase 1A

Standard Lithium intends to scale and replicate the development model for the Phase 1A project across its portfolio of projects in the Smackover Formation, including the South West Arkansas Project and highly prospective East Texas landholdings. The lithium concentrations of the Company’s projects tend to improve from east to west across the Smackover Formation. Most recently, East Texas drilling results delivered the new, highest grade lithium brine concentrations in North America that the Company is aware of, at 663 mg/L. Higher lithium concentrations paired with economies of scale through the advancement of multiple projects is expected to afford the Company a competitive advantage as it expands its footprint through the Smackover Formation.

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Very logical and effective approach. Makes them the leader by far in this area as to lithium production.

Thanks for posting

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