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VANCOUVER, British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) — Normal Lithium Ltd. (“Normal Lithium” or the “Firm”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a number one near-commercial lithium growth firm, immediately introduced the number of Ausenco Engineering Canada ULC (“Ausenco”) to finish the Definitive Feasibility Research (“DFS”) and Entrance-Finish Engineering and Design (“FEED”) companies for the South West Arkansas (“SWA”) Undertaking.
“We’re targeted on progressing our undertaking portfolio,” stated Andy Robinson, President and Chief Working Officer of Normal Lithium. “Regardless of current headwinds within the world lithium macroeconomic atmosphere, our tasks stay very enticing. Primarily based on our Preliminary Feasability Research (‘PFS’) outcomes, the SWA Undertaking is anticipated to sit down on the decrease finish of the associated fee curve compared to different lithium tasks. The number of Ausenco for the SWA Undertaking’s DFS and FEED was a important subsequent step for us to advance the Undertaking and keep growth and building timelines. Their sensible expertise in lithium brine tasks, mixed with our confirmed experience of DLE within the Smackover, is anticipated to drive a profitable Feasibility and FEED course of, and we’re happy to work with a world-class engineering agency to information the design of the SWA Undertaking to ship the subsequent era of lithium manufacturing in America.”
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The SWA Undertaking is anticipated to be one of many world’s first industrial scale DLE tasks situated within the Smackover Formation within the heartland of America in southwest Arkansas. The not too long ago accomplished PFS for the SWA Undertaking demonstrated strong economics and the potential to provide as much as 35,000 tonnes every year (“tpa”) of battery-quality lithium hydroxide over a 20-year working life. SWA contains a number of the highest reported lithium brine concentrations in North America with a most lithium grade of 597 mg/L and a mean of 437 mg/L.
Ausenco is a world firm targeted on delivering progressive, value-added engineering research, undertaking supply, asset operations and upkeep options to the mining and metals, oil and fuel and industrial sectors. Normal Lithium chosen Ausenco as the popular DFS and FEED contractor primarily based on the outcomes of a aggressive course of and considering Ausenco’s intensive, world lithium brine undertaking expertise. The mixture of Ausenco’s expertise with lithium brines and Normal Lithium’s information of extracting lithium from Smackover brines will allow the event of a strong flowsheet for the SWA Undertaking.
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The scope for the FEED contains design and growth of technical options for the proposed 30,000 plus tpa lithium hydroxide plant and associated infrastructure for the extraction facility along with a complete DFS report appropriate for NI 43-101 reporting. The FEED can also be anticipated to tell the template for Normal Lithium’s future growth plans for added Smackover belongings together with in East Texas.
Certified Particular person
Steve Ross, P.Geol., a certified individual as outlined by Nationwide Instrument 43-101, and Vice President Useful resource Improvement for the Firm, has reviewed and accredited the related scientific and technical data on this information launch.
About Normal Lithium Ltd.
Normal Lithium is a number one near-commercial lithium growth firm targeted on the sustainable growth of a portfolio of lithium-brine bearing properties in the USA. The Firm prioritizes brine tasks characterised by high-grade sources, strong infrastructure, expert labor, and streamlined allowing. The Firm goals to attain sustainable, commercial-scale lithium manufacturing by way of the appliance of a scalable and fully-integrated Direct Lithium Extraction (“DLE”) and purification course of. The Firm’s signature tasks, the Section 1A Undertaking and the South West Arkansas Undertaking, are situated on the Smackover Formation in southern Arkansas, a area with a longstanding and established brine processing trade. The Firm has additionally recognized a lot of extremely potential lithium brine undertaking areas within the Smackover Formation in East Texas and commenced an in depth brine leasing program in the important thing undertaking areas. As well as, the Firm has an curiosity in sure mineral leases situated within the Mojave Desert in San Bernardino County, California.
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Normal Lithium trades on each the TSX Enterprise Alternate and the NYSE American beneath the image “SLI”; and on the Frankfurt Inventory Alternate beneath the image “S5L”. Please go to the Firm’s web site at www.standardlithium.com.
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/firm/standard-lithium/
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch. This information launch might include sure “Ahead-Wanting Statements” inside the that means of the USA Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “imagine”, “estimate”, “anticipate”, “goal, “plan”, “forecast”, “might”, “schedule” and different comparable phrases or expressions determine forward-looking statements or data. These forward-looking statements or data might relate to supposed growth timelines, future costs of commodities, accuracy of mineral or useful resource exploration exercise, reserves or sources, regulatory or authorities necessities or approvals, the reliability of third celebration data, continued entry to mineral properties or infrastructure, fluctuations out there for lithium and its derivatives, adjustments in exploration prices and authorities regulation in Canada and the USA, and different elements or data. Such statements symbolize the Firm’s present views with respect to future occasions and are essentially primarily based upon a lot of assumptions and estimates that, whereas thought of affordable by the Firm, are inherently topic to important enterprise, financial, aggressive, political and social dangers, contingencies and uncertainties. Many elements, each identified and unknown, may trigger outcomes, efficiency or achievements to be materially totally different from the outcomes, efficiency or achievements which can be or could also be expressed or implied by such forward-looking statements. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements or data to replicate adjustments in assumptions or adjustments in circumstances or another occasions affecting such statements and knowledge apart from as required by relevant legal guidelines, guidelines and laws.
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