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Resource Estimate

Standard Lithium-Equinor JV files report for Franklin

By The Northwire Desk — AI Analysis Nov 05, 2025 · 17:11 SLI · 4.65 Standard Lithium Ltd.
SLI · Price

Executive Summary

  • Smackover Lithium, a joint venture between Standard Lithium (55%) and Equinor (45%), has filed its maiden inferred resource report for the Franklin Project in East Texas.
  • The project contains the highest reported lithium-in-brine grades in North America, with significant co-products including potash and bromide.
  • The resource definition marks a key step toward the JV's goal of producing over 100,000 tonnes of lithium chemicals per year in Texas, with plans to triple the portfolio size through two additional projects.

Key Details

  • Lithium Resource: 2,159,000 metric tonnes of lithium carbonate equivalent (LCE) at an average lithium concentration of 668 milligrams per litre (mg/L).
  • Co-Products:
    • Potash (as potassium chloride): 15,414,000 tonnes.
    • Bromide (ionized bromine): 2,638,000 tonnes.
  • Brine Volume: Contained within 0.61 cubic kilometres of brine.
  • Land Position: Approximately 80,000-acre project area, with over 46,000 acres leased to support the inferred resource.
  • Highest Grade Highlight: A previously measured grade of 806 mg/L at the Pine Forest 1 well.
  • Production Goal: The JV aims to reach production of over 100,000 tonnes of lithium chemicals per year in Texas through multiple phases.
  • Future Expansion: Two additional projects are planned in East Texas, anticipated to roughly triple the size of the JV's portfolio area in the state.
  • Next Steps:
    • Refine characteristics of Upper and Middle Smackover formation aquifers and brine chemistry.
    • Assess reserve forecasts.
    • Drill additional appraisal wells.
    • Re-enter three shut-in wells to facilitate a preliminary feasibility study.
    • Conduct direct lithium extraction (DLE) testing, leveraging insights from Standard Lithium’s demonstration plant in El Dorado, Ark., and the JV’s southwestern Arkansas project.
  • Qualified Person: Stephen Ross, PGeo, Vice-President of Resource Development for Standard Lithium.

Notable Quotes

  • No direct quotes from executives were included in the provided text.
Read the original news release →

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