Standard Lithium picks 118-acre Lafayette County site for $1.3 billion production facility

Standard Lithium Ltd. has bought 118 acres of land in Lafayette County as the location for a future lithium production facility. The company said in a statement issued early Wednesday that the land acquisition is intended to advance what it calls the “South West Arkansas Project.”

By: Magnoliareporter.com

Standard Lithium Ltd. has bought 118 acres of land in Lafayette County as the location for a future lithium production facility.

The company said in a statement issued early Wednesday that the land acquisition is intended to advance what it calls the “South West Arkansas Project.”

Plant construction is expected to start in 2025. The company hopes to make its first lithium deliveries from the facility in 2027. The company anticipates Lafayette County site lithium production of at least 30,000 tonnes annually, dwarfing planned annual production of about 5,400 tonnes from facilities in Union County.

The company said in August that it wanted to start construction on a $1.3 billion facility west of Magnolia in 2025, but didn’t announce a specific location.

Direct capital costs are estimated at $845 million, with indirect costs of $218 million. The company applies a contingency of 20% to total installed costs ($211 million), yielding an estimated all-in capital cost of $1.274 billion.

Up to this point, Standard Lithium has been involved only in the leasing of mineral rights to thousands of acres of land in Union, Columbia and Lafayette counties. It leases property from Lanxess, a brine producer in Union County, for its test plant and future production facility near El Dorado.

The Lafayette County acquisition is the Vancouver, B.C. company’s first known land purchase. The owner and the purchase price of the property was not immediately available.

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