STANDARD LITHIUM LTD.

Components

Standard Lithium is focused on the sustainable development of a portfolio of lithium-brine bearing properties in the United States, utilizing scalable, proven, and optimized lithium extraction and purification technologies. The Company has secured brine leases through direct acquisition from public lands or private landowners and has established various commercial partnerships with existing brine resource holders in Arkansas, Texas, and California. The Company continues to explore additional opportunities in other jurisdictions.

The Company’s collaboration with Equinor is a key aspect of its development strategy. Equinor’s investment supports the advancement of the South West Arkansas Project and the development activities within the Smackover Formation in East Texas. This partnership is central to the Company’s strategy of establishing a sustainable lithium supply chain in the United States.

Under the terms of the Amended and Restated MOU, LANXESS is expected to support the development of the Lanxess Property Project. While LANXESS has elected not to acquire an equity interest in the Project Company, they may provide the necessary brine supply, site lease, rights of way, infrastructure, and other services for the Lanxess 1A Project through a series of commercial agreements.