Lithium

Standard Lithium Closes Impressive C$12.1M Financing; Working Towards Completion Of PFS In Q2

Building demonstration plant at Lanxess Project site 

After Standard Lithium (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) managed to arrange a C$5M (US$3.75M) convertible loan and guarantee agreement with Lanxess on October 30, 2019, management hasn’t been sitting on its hands. On February 26, 2020, the company announced that an ongoing capital raise, intended to raise C$6M, was closed at no less then C$12.1M. I found this to be very impressive as sentiment for lithium developers has recovered slightly on the back of Tesla’s unexpected positive results and following runup of the share price of the car and battery manufacturer, but is still neutral to negative. The proceedings will be used for the ongoing development of the mentioned demonstration plant, which is capital intensive.

All presented tables are my own material, unless stated otherwise.

All pictures are company material, unless stated otherwise.

Standard Lithium Arranges C$5M Convertible Loan Financing

Building demonstration plant at Lanxess Project site

It seems more and more likely that Standard Lithium (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) is displaying a serious commitment of giant JV partner Lanxess these days, with construction of the demonstration plant advancing rapidly along the way. Standard managed to arrange a C$5M (US$3.75M) convertible loan and guarantee agreement with Lanxess on October 30, 2019, and has already been paid out to Standard. The proceedings will be used for the ongoing development of the mentioned demonstration plant, which is capital intensive.

All presented tables are my own material, unless stated otherwise.

Standard Lithium In Final Stages Of De-risking New Recovery Method; Giant JV Partner Could Fully Fund Capex When Successful

 

Building demonstration plant at Lanxess Project site

1. Introduction

Usually, when I hear about companies pursuing new recovery methods necessary to make uneconomic specialty metals projects economic, I’m very sceptic about their chances of success. The simple reason for this is that developing such methods are very capital intensive, and very difficult to scale up from bench scale (laboratorium scale) to commercial scale pilot plants. In the lithium space there are several examples of junior mining companies with likewise initiatives, backed by giant chemical companies providing tech and pilot plants for many years, but unsuccessful in proving up commercial production. So when I was introduced to Standard Lithium (SLL.V) and their story, I was sceptic at first as well.

Cypress Development Cashed Up; Metallurgical Studies Underway And PFS Expected In Q1 2019

Drilling at Clayton Valley Lithium project, Nevada

1. Introduction

After closing an oversubscribed private placement of C$2.01M @C$0.22, Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is sufficiently cashed up to proceed towards a Pre Feasibility Study (PFS) on their Clayton Valley Lithium project in Nevada, which is scheduled for Q1 2019. The company is also working diligently at subjects like metallurgical test work and water supplies, which are needed to enable eventual production in the future. For this purpose, Cypress recently completed an agreement with Dajin Resources (DJI.V) for a JV on Dajin's nearby Alkali Spring Valley Lithium property.

Cypress Development Closing In On A World Class Sized Resource For Its Dean/Glory Lithium Project

Drilling at Dean claystone project; Clayton Valley, Nevada

After completing their drill program, Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is on track to deliver the maiden resource estimate for the Dean and Glory projects before the end of this month. The latest results, published on April 3, 2018, provided very strong showings for the northern part of the Glory project, likely adding more tonnage than expected here.  Intercepts included an intersection of 97 meters averaging 1,144 ppm Li in the final hole, GCH-6, along with intersections of 122.4 meters averaging 977 ppm Li in DCH-17 and 129.5 meters averaging 767 ppm Li in GCH-5. All three holes show consistency in encountered Li grade with the  previous 20 holes drilled on the Dean and Glory properties.

Cypress Development Keeps Hitting Mineralization At Dean/Glory; Maiden Resource Estimate Expected To Be Significant

Dean claystone project; drilling Oct 2017

Cypress Development (CYP.V) seems to have a relatively easy job so far, as all completed drill holes returned thick mineralized intercepts, both on the Dean and Glory projects. Results for the Dean project consisted of two remaining assays: 106.7m @1134ppm Li for DCH-13, which is one of the best holes so far, and 75.7m @733ppm Li for DCH-14. The first hole also generated dark green to black ash-rich mudstone, starting at around 50m depth, just like a few other, earlier holes did in the 2017 program on Dean. On DCH-13, the lithium grade increased at depth.

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