The following is a summary of the Standard Lithium Ltd. (SLI) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Standard Lithium Ltd. reported a net loss of $10.4 million for Q3 and $30.3 million for the nine months ended in 2024, primarily due to expenses related to progress in the demonstration plant.

• The company maintains a strong balance sheet with absence of debt obligations and received a US$30 million liquidity boost from Equinor, eliminating $60 million in near-term capital needs.

Business Progress:

• Standard Lithium formed a strategic partnership with Equinor, encouraging progress on Southwest Arkansas and East Texas projects.

• The partnership with Equinor has spurred the development of projects at Lanxess and Southwest Arkansas and facilitated the expansion of a considerably large land in East Texas.

• Successfully installed a commercial-scale Direct Lithium Extraction column at Southwest Arkansas demonstration plant, achieving over 97% average lithium recovery rate and over 99% impurity rejection.

• The company is planning to generate resource reports for key project zones focusing on high-grade lithium brine assets which are expected to offer enormous potential for both Standard Lithium and Equinor.

• Acceleration of the FEED process at the Southwest Arkansas project is happening with a comprehensive understanding of Direct Lithium Extraction (DLE). Discovering higher lithium concentrations in the brines has significantly decreased the lithium extraction costs.

• The new partnership with Equinor is expected to create opportunities for off-take agreements in Europe and the EU. Investment activities in East Texas assets are being intensified due to recent investments.

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