The South-West Arkansas Project will pump brine from the Smackover Formation aquifer via production wells, extract lithium from the brine, convert it to a saleable product, and then reinject the effluent brine via injection wells to maintain pressure in the reservoir.
The Phase 1A Project proposes construction and operation of the Company’s first commercial lithium extraction plant via processing of tail brine from the LANXESS South Plant.
Development at Phase 1A including commercial agreements, equity participation and phasing are governed by a Memorandum of Understanding with LANXESS, a subsidiary of LANXESS AG, which has exclusive brine extraction rights for 142,881 acres. |