QualityStocksNewsBreaks – Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) Enters JV Term Sheet with LANXESS Corporation
Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTC-Nasdaq Intl. Designation: STLHF), a lithium-focused exploration company, this morning announced that it has executed a joint venture term sheet with LANXESS Corporation, a global specialty chemical company. Per the terms of a binding memorandum of understanding, the two companies are exploring a contemplated joint venture related to commercial opportunities stemming from the production, marketing and sale of battery grade lithium from brine extracted from the Smackover Formation located in southern Arkansas. Under the proposed terms of the joint venture, LANXESS would contribute lithium extraction rights and grant existing infrastructure access, and Standard…