STANDARD LITHIUM LTD.

Changes to Contracts

The Company continues to work with Equinor under the terms of their partnership, particularly concerning the South West Arkansas Project and the East Texas properties. Any changes to contracts entered into with Equinor in relation to these projects, including milestone payments to be made by Equinor, will be dependent on reaching positive FIDs as outlined in the MIPSA.

The Company announced that SWA Lithium LLC had finalized a license agreement with KTS, particularly in relation to the use of proprietary technologies at the Company’s Smackover Formation projects. These agreements are an important part of the Company’s broader strategy to integrate proven technologies into its commercial-scale operations.

As the Company advances the Lanxess Property Project, and in accordance with the Amended and Restated MOU, the Company and LANXESS may negotiate several key agreements related to the development of the Lanxess 1A Project. These agreements may cover areas such as tail brine supply and disposal, the site lease at the Lanxess property, service agreements, development agreements, and license agreements. These potential agreements remain contingent upon further project definition, royalty rate establishment, and the Company securing financing for the commercial plant.