Standard Lithium Comments on Short Seller Report

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VANCOUVER, British Columbia, 03 Feb. 2022 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE: SLI) (FRA: S5L), issues the following statement in response to Hindenburg Research’s false and misleading report (the “Report”).

Standard Lithium believes the report is clearly intended to benefit Hindenburg Research, which itself has revealed that it stands to benefit from a decline in Standard Lithium’s share price. Standard Lithium cautions investors not to make decisions based on this report and instead strongly encourages them to consult credible and informed sources, including documents filed by Standard Lithium with Canadian securities regulators and the United States Securities and Exchange Commission before making investment decisions.

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Standard lithium management
Since joining the company as CEO in March 2017, Robert Mintak has built a large and dynamic team with a broad and diverse skill set. Under Mr. Mintak’s leadership, management is executing a clear strategy, which is to build a large asset base in a region that supports project development and to develop and de-risk a bespoke DLE technology that can be deployed with the help of Standard Lithium and its partners. lithium brine actives. To date, management and the entire Standard Lithium team have made substantial progress in completing several technology scale-ups, successfully operating the demonstration plant at the Arkansas site since May 2020. and advancing the project towards commercialization. (see press release of January 20, 2022) .

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Asset base
Management has found and developed a significant asset base over the past five years with several strategic partners. These ongoing projects now include, among others, developments in southern Arkansas in partnership with LANXESS Corporation and Tetra Technologies, as well as the Mojave project in southern California in partnership with National Chloride.

Intellectual Property and R&D Costs
All of the Company’s patent applications are active and continue to be pursued in the normal course. The Company has a routine and established process for seeking registration of patent rights in the United States, which involves varying levels of review, response and refinement. In addition, the Company has pending competing PCT applications relating to these inventions, through which it seeks patent rights outside the United States. .

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It is claimed in the report that only about C$1.7 million was spent on research and development. This figure is incorrect and does not include the C$29,409,930 spent on the various pilot and demonstration plants that were capitalized, nor the C$6,932,598 spent on operating costs at our pilot and demonstration plant, both of which constitute our ongoing R&D program. , and are disclosed as of September 30, 2021 in the Company’s most recent financial statements and in the June 30, 2021 year-end statement.

The Company is committed to developing its projects in collaboration with its strategic partners, and is confident in its lithium mining technology and demonstration plant and will continue to focus on executing its strategic plans and making progress towards final feasibility and commercialization at the Lanxess facility. The Company will not provide further comment on the report at this time.

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About Standard Lithium Ltd.
Standard Lithium is an innovative lithium technology and development company. The company’s flagship project is located in southern Arkansas, where it is engaged in testing and proving the commercial viability of extracting lithium from more than 150,000 acres of licensed brine operations. . The company operates its first utility-scale direct lithium extraction demonstration plant at the Lanxess South Plant in southern Arkansas. The demonstration plant uses the company’s proprietary LiSTR technology to selectively extract lithium from Lanxess tail brine. The demonstration plant is used for proof of concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours, and dramatically increases efficient lithium recovery. The Company is also pursuing resource development of more than 30,000 acres of separate brine leases located in southwest Arkansas, referred to as the Southwest Arkansas Lithium Project, and approximately 45,000 acres of mining claims located in the Mojave Desert of San Bernardino County, California.

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Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at https://www.standardlithium.com .

On behalf of the Board of Directors of Standard Lithium Ltd.
Robert Mintak, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “expect”, “may”, “schedule ” and other similar words or phrases identify forward-looking statements or information. Such forward-looking statements or information may relate to future commodity prices, accuracy of mineral exploration or resource activities, reserves or resources, regulatory or governmental requirements or approvals, reliability of third-party information, continued access to mining properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulations in Canada and the United States, and other factors or information. These statements represent the Company’s current views with respect to future events and are necessarily based on a number of assumptions and estimates which, although considered reasonable by the Company, are inherently subject to important business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and undertakes no obligation, to update such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements and information other than those required by laws, rules and regulations.

For further information contact: LHA Investor Relations David Barnard +1 415-433-3777 [email protected] [email protected] Twitter: @standardlithium LinkedIn: https://www.linkedin.com/company/standard-lithium/

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