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Standard Lithium Ltd. (SLI) has announced the appointment of Michael Barman as Chief Development Officer, effective October 8, 2023.
Barman’s Role at Standard Lithium
Barman will lead a team dedicated to closing ongoing off-take arrangements, project financing, and project-level investments. His appointment comes at a crucial time as the company is in late-stage discussions with industry leaders on its portfolio of projects.
Standard Lithium’s Progress
Standard Lithium is advancing critical minerals production in the United States. The company’s Phase 1A and South West Arkansas Projects are the most advanced lithium brine projects in the US. Over the past three years, the company has proven its lithium extraction technologies can extract high purity lithium chloride from Smackover brines.
Phase 1A Project
The Phase 1A Project in El Dorado, Arkansas is the first commercial direct lithium extraction project of its kind. The project is expected to double US lithium production beginning in 2026.
SWA Project
The company recently completed a Pre-Feasibility Study for the SWA Project, demonstrating an after-tax net present value in excess of US$3.1 billion.
Barman’s Background
Barman has nearly 20 years of experience advising senior executives and their boards. He holds a Master of Financial Economics from the University of Toronto.
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of lithium-brine bearing properties in the United States.
Company Website: https://www.standardlithium.com
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