Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, today announced its financial and operating results for the fiscal third quarter ended March 31, 2023. “I am happy to report a productive third quarter across our holdings,” said Robert Mintak, CEO and director. “We made continued progress and remain on schedule with the Lanxess Phase 1A Definitive Feasibility Study (‘DFS’) and the South West Arkansas Pre-Feasibility Study (‘PFS’) at our flagship lithium brine projects in South Arkansas. Additionally, we expanded our project development pipeline into the East Texas Smackover region and sampled what we believe to be the highest confirmed lithium grade brine in North America. With our strong cash position and business momentum, I am confident that we can keep advancing our commercial development strategy as we near the end of our fiscal year.”

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About Standard Lithium Ltd.

Standard Lithium is a leading near-commercial lithium development company with a portfolio of projects in process. The company’s flagship Lanxess and South West Arkansas projects are located in southern Arkansas near the Louisiana state line. The company is focused on the evaluation and testing of commercial lithium extraction and purification from brine sourced from approximately 180,000 acres of unitized leases across these two projects. The company operates a first-of-a-kind industrial-scale Direct Lithium Extraction (“DLE”) Demonstration Plant at the Lanxess Project. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. A Definitive Feasibility Study (“DFS”) and Front-End Engineering Study (“FEED”) for Phase 1A of the Lanxess Project commenced in September 2022. A Preliminary Feasibility Study (“PFS”) of the South West Arkansas Project commenced in May 2022. The company is also pursuing the resource development of approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the trading symbol SLI and on the Frankfurt Stock Exchange under the symbol S5L. For more information, visit the company’s website at www.StandardLithium.com.

NOTE TO INVESTORS: The latest news and updates relating to SLI are available in the company’s newsroom at https://ibn.fm/SLI

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