SLI

Standard Lithium Ltd. announced the appointment of Ralph Alexander as an independent board member effective immediately. Alexander brings over 40 years of experience in energy, chemicals, power and infrastructure sectors, including previous roles as CEO of Talen Energy Corporation and Managing Director at Riverstone Holdings. The company granted him 300,000 incentive stock options as part of the appointment.

Smackover Lithium amended its binding offtake agreement with Trafigura, adding an optional 4,000 metric tonnes of battery-quality lithium carbonate per year to the initial 8,000 tonne commitment, bringing total possible volumes to 12,000 tonnes annually. Combined with an 8,000 tonne agreement with LG Energy Solution, the project now has 20,000 tonnes of committed offtake, exceeding its 80% capacity target and enabling the company to proceed with finalizing $1.1 billion in debt financing. First commercial production is targeted for 2029.