Ordinary lithium (NYSE: SLI) +4.3% The pre-market on Tuesday said it had completed all necessary agreements with property owner Lanxess (OTCPK: LNXSF ) to gain access to its commercial lithium facilities and complete the deal. it required practical work for a definitive feasibility study to be carried out.
Standard Lithium (SLI) has begun the site work required to produce its first commercial lithium plant.
“Once the ground requirements are determined, and the location of the equipment needed to be installed, then the engineering work to allow the connection between the Standard Lithium plant and the existing Lanxess water infrastructure at the site can begin,” Standard Lithium (SLI). ) President Andy Robinson said.
Standard Lithium (SLI) aims to seize the price accretive upside to the lithium boom, but “many questions” on the investment project, ZMK Capital wrote in an analysis recently published on Seeking Alpha.