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Message
re: Diving deeper on Standard Lithium?
Posted on 6/21/24 at 12:25 pm to Shepherd88
Posted on 6/21/24 at 12:25 pm to Shepherd88
Has Trump given any indication to being against domestic development of critical minerals?
I know he's not an EV fan but grid backup is something I think everyone would agree on.
I know he's not an EV fan but grid backup is something I think everyone would agree on.
1
Posted on 6/21/24 at 12:31 pm to Wraytex
I thought I had read or heard he was more so against that Inflation Reduction Act and how much money was given out. I guess it just depends on what his advisors tell him but he’s been outspoken and reversing anything he can of Bidens doing.
Posted on 6/21/24 at 3:08 pm to Drunken Crawfish
quote:
The DOE has essentially thrown timelines out of the window and said we will get to these when we can. They don't have the staff or the reviewers to meet their expected timelines. I heard the other day that only $17B of the $1.2T IRA has been allocated at the moment. Too much money to get through the system.
But we can send 100 billion to Ukraine overnight but when it comes to getting people tax refunds and grants to domestic businesses in a timely manner….
Posted on 6/22/24 at 11:40 am to ev247
Mintak and Robinson on the latest Joe Lowry podcast episode
Part 1 of 2
- Koch approached Standard about putting the commercial-sized DLE column into the demo plant. Standard didn’t think it was necessary, were comfortable enough to move forward without it
- The column is working even better than expected, flip a switch and operators are pretty much bored. “complaining there isn’t very much to fix anymore”
- Completed engineering on Phase 1A. Still working with Lanxess on commercial agreements and royalty is “sort of being developed in the background at the moment.”
- SWA is in FEED then will be in DFS, which will be delivered next year. Hope for FID shortly after
- Mintak implies that with both offtake agreements and possible DoE/DoD funding there has been a fundamental change since partnering with Equinor. Says that all of the boxes are checked but can you build/finance the project? Equinor helps remove question marks. “That has been a fundamental change with the dialogues on the offtake side”
- Equinor did 6 months of very detailed due diligence before partnering (but first talked to Standard in Jan 2018)
- Should be able to keep the same flow sheet (and tech) when moving into Texas, saving time and cost
- Equinor’s project financing while ‘carrying’ Standard will count towards Standard’s equity when we reach the financing phase
- It’s not just money, Equinor will have roughly 25 people on the project delivery team for SWA and ETX
- Among these will be reservoir engineers, drilling engineers, safety/sustainability engineers, community relations people, land leasing people. Basically doubles Standard’s project delivery team
Loading Twitter/X Embed...
If tweet fails to load, click here. Part 1 of 2
- Koch approached Standard about putting the commercial-sized DLE column into the demo plant. Standard didn’t think it was necessary, were comfortable enough to move forward without it
- The column is working even better than expected, flip a switch and operators are pretty much bored. “complaining there isn’t very much to fix anymore”
- Completed engineering on Phase 1A. Still working with Lanxess on commercial agreements and royalty is “sort of being developed in the background at the moment.”
- SWA is in FEED then will be in DFS, which will be delivered next year. Hope for FID shortly after
- Mintak implies that with both offtake agreements and possible DoE/DoD funding there has been a fundamental change since partnering with Equinor. Says that all of the boxes are checked but can you build/finance the project? Equinor helps remove question marks. “That has been a fundamental change with the dialogues on the offtake side”
- Equinor did 6 months of very detailed due diligence before partnering (but first talked to Standard in Jan 2018)
- Should be able to keep the same flow sheet (and tech) when moving into Texas, saving time and cost
- Equinor’s project financing while ‘carrying’ Standard will count towards Standard’s equity when we reach the financing phase
- It’s not just money, Equinor will have roughly 25 people on the project delivery team for SWA and ETX
- Among these will be reservoir engineers, drilling engineers, safety/sustainability engineers, community relations people, land leasing people. Basically doubles Standard’s project delivery team
This post was edited on 7/3/24 at 12:28 pm
Posted on 6/22/24 at 11:51 am to ev247
Good news! I was hoping they could partner with someone to carry mintak over the threshold.
Posted on 6/22/24 at 12:36 pm to ev247
- Arkansas is farther along in terms of regulation. But had good legislation passed in TX last year to simplify how lithium industry will be regulated, but much work left to do, including permitting regime for brine reinjection wells
- TX is actually more straightforward regarding royalties. Is between mineral owner and you, “state will not interfere,” fantastic situation
- Have an internal manager who is over about 65 contracted landmen right now
- Mintak and Robinson have seen one another in person maybe 8 hours in 6 months. Robinson has been in Europe getting the Equinor transaction done and Houston to get the team together while Mintak’s focus has been government and community levels. Spending a lot of time with Arkansas governor. “Tremendous supporter” “have her cell phone number in my phone, if there’s an issue I can call up Gov Sanders and say we need some help. But there hasn’t been an issue yet” Mintak and Robinson’s paths should cross again soon now that the Equinor partnership is closed
- Dealing with a major oil company and you’re the operator. Was that contentious in negotiations? It was front and center in negotiations. Equinor couldn’t believe what we’ve been able to do with so few people. But Equinor has been clear and we’ve been receptive that we need to add systems and protocols and more grown up ways of doing things if we’ll go from a company talking about being an operator vs being an operator
- Equinor scheduled for Lowry’s podcast on August 5
- This is not a science experiment for Equinor, they’re not playing at this, they want to build a profitable lithium business
- Market is learning that hydroxide may not be the best option for North American projects. Is your product choice set in stone? We were fortunate that we’ve been developing flow sheets for either hydroxide or carbonate in parallel. Offtake market has told us the direction to go so instead of hydroxide at SWA our first production there will be carbonate (woohoo! Carbonate is what’s made using our partner Telescope Innovations’ breakthrough conversion tech that saves a bunch of money per tonne opex, though not mentioned by Standard here or anywhere else.)
- Mintak brought up the local aerospace industry and I hadn’t connected the frequent local articles about local missile production to a possible need for lithium there. Makes more sense now that Mintak presented at an aerospace conference a few months back
- TX is actually more straightforward regarding royalties. Is between mineral owner and you, “state will not interfere,” fantastic situation
- Have an internal manager who is over about 65 contracted landmen right now
- Mintak and Robinson have seen one another in person maybe 8 hours in 6 months. Robinson has been in Europe getting the Equinor transaction done and Houston to get the team together while Mintak’s focus has been government and community levels. Spending a lot of time with Arkansas governor. “Tremendous supporter” “have her cell phone number in my phone, if there’s an issue I can call up Gov Sanders and say we need some help. But there hasn’t been an issue yet” Mintak and Robinson’s paths should cross again soon now that the Equinor partnership is closed
- Dealing with a major oil company and you’re the operator. Was that contentious in negotiations? It was front and center in negotiations. Equinor couldn’t believe what we’ve been able to do with so few people. But Equinor has been clear and we’ve been receptive that we need to add systems and protocols and more grown up ways of doing things if we’ll go from a company talking about being an operator vs being an operator
- Equinor scheduled for Lowry’s podcast on August 5
- This is not a science experiment for Equinor, they’re not playing at this, they want to build a profitable lithium business
- Market is learning that hydroxide may not be the best option for North American projects. Is your product choice set in stone? We were fortunate that we’ve been developing flow sheets for either hydroxide or carbonate in parallel. Offtake market has told us the direction to go so instead of hydroxide at SWA our first production there will be carbonate (woohoo! Carbonate is what’s made using our partner Telescope Innovations’ breakthrough conversion tech that saves a bunch of money per tonne opex, though not mentioned by Standard here or anywhere else.)
- Mintak brought up the local aerospace industry and I hadn’t connected the frequent local articles about local missile production to a possible need for lithium there. Makes more sense now that Mintak presented at an aerospace conference a few months back
This post was edited on 6/22/24 at 12:44 pm
Posted on 6/22/24 at 4:34 pm to ev247
quote:
- Mintak brought up the local aerospace industry and I hadn’t connected the frequent local articles about local missile production to a possible need for lithium there. Makes more sense now that Mintak presented at an aerospace conference a few months back
Yes. Lockhead Martin and Aerojet/L3 Harris have a huge and ever growing presence here. Raytheon is also expanding but much smaller here than the first two.
Royalties will be set at next meeting. I'm thinking 6% range, but they may do what Texas does and leave it up to landowners and producers.
Posted on 6/22/24 at 8:39 pm to SmackoverHawg
As a mineral owner, I hope they go with wide-open negotiations like Texas.
As a SLI owner, I hope it’s 6%
Can’t lose and can’t win lol
Seriously though it’s very surprising how little the price target changes by inputting radically different gross royalty rates. I’ve been assuming 10% to be conservative but I’ll compare that to 6% when I get back to my computer.
Edit*
10% gross royalty=$8.03 share price
6% gross royalty=$8.65 share price
25% gross royalty(!)=$5.72 share price
*Only counts SWA project. No margin of safety and Standard owns 55% to Equinor's 45% as it currently stands
As a SLI owner, I hope it’s 6%
Can’t lose and can’t win lol
Seriously though it’s very surprising how little the price target changes by inputting radically different gross royalty rates. I’ve been assuming 10% to be conservative but I’ll compare that to 6% when I get back to my computer.
Edit*
10% gross royalty=$8.03 share price
6% gross royalty=$8.65 share price
25% gross royalty(!)=$5.72 share price
*Only counts SWA project. No margin of safety and Standard owns 55% to Equinor's 45% as it currently stands
This post was edited on 6/24/24 at 1:24 pm
Posted on 6/25/24 at 11:15 am to ev247
Anyone have any insight about SLI speaking at Fastmarkets conference today?
Posted on 6/25/24 at 11:55 am to CarbonAce
quote:
Anyone have any insight about SLI speaking at Fastmarkets conference today?
What I expect to hear:
“We look forward to our upcoming investor conferences!”
Posted on 6/27/24 at 11:17 am to ev247
Per the July hearing applications, Albemarle is getting ready to launch their lithium pilot plant.
On the bright side, maybe this indicates that this July hearing won’t be cancelled like the last two were. Will be on the lookout for royalty applications. Hearing is July 23
On the bright side, maybe this indicates that this July hearing won’t be cancelled like the last two were. Will be on the lookout for royalty applications. Hearing is July 23
Posted on 6/27/24 at 5:03 pm to ev247
Royalties will be set at the next meeting. It won't be cancelled and I'm counting on single digit royalties and hoping for less than 6%. I think 3.5% is a reasonable starting point.
Posted on 6/28/24 at 12:49 pm to SmackoverHawg
Nice to see some confidence that it's coming.
Crazy how Phase 1A's low concentrations might be what saves every Arkansas lithium project from a high royalty.
(Set a high royalty, lose Lanxess projects)
Crazy how Phase 1A's low concentrations might be what saves every Arkansas lithium project from a high royalty.
(Set a high royalty, lose Lanxess projects)
Posted on 6/28/24 at 3:54 pm to ev247
If mintak Has the governors number on his phone, You would think she knows how easy it would be for these non-developed lithium Projects to migrate across the state line
Posted on 7/1/24 at 10:51 am to Wraytex
Seeking Alpha Austin Craig
quote:
Summary
Albemarle joins the ranks of Standard Lithium and Exxon in the hunt for lithium in Arkansas.
ALB has put in an application with the state of Arkansas to operate a lithium extraction pilot plant (to test the viability of the lithium).
This pilot plant will be at a pre-existing bromine operation in Arkansas that ALB owns. The company could use an outside DLE provider to extract lithium such as KOCH-SLI.
If Albemarle were to pair up with Koch-SLI for its proven DLE extraction technology, this could reduce the time required to bring lithium to the market.
quote:
Conclusion
ALB obviously is following in the footsteps of Standard Lithium in Arkansas. I think ALB will be very successful. I do wonder who Exxon and ALB might go with for DLE (direct lithium extraction) provider. Could it be KOCH-Standard Lithium's DLE process? Maybe, after all Standard Lithium-KOCH have been testing it for years at a pilot plant and KOCH is a multi-billion dollar company with deep pockets. It might make sense to pair up given how many years Standard Lithium has been operating its pilot plant in the natural state.
In the end, some years down the road, Albemarle should have a successful lithium operation in Arkansas. Since it is a pre-existing facility, and no DFS has been released, we have no way of knowing the capital costs or the total output that is possible. It is simply too early in the game to know but the lithium project should be large enough to impact the bottom line deeply and in a positive manner.
Posted on 7/1/24 at 10:54 am to Pierre
That sounds nice. Just conjecture at this point. I'd like to make some money off this one day. I need a new roof!
Posted on 7/2/24 at 8:21 am to ThermoDynamicTiger
Up almost 4% premarket on 25k volume.
Some pretty unorthodox action on SLI the past 4 trading hours. Curious if we've got a PR coming soon, or maybe they just secured another institutional during these conferences and they are buying.
edit....just kidding. go back to your business.
Some pretty unorthodox action on SLI the past 4 trading hours. Curious if we've got a PR coming soon, or maybe they just secured another institutional during these conferences and they are buying.
edit....just kidding. go back to your business.
This post was edited on 7/2/24 at 8:42 am
Posted on 7/2/24 at 11:25 am to Fe_Mike
quote:
Some pretty unorthodox action on SLI the past 4 trading hours.
Someone is beating this stock to death.
Posted on 7/3/24 at 12:19 pm to ev247
quote:
- This is not a science experiment for Equinor, they’re not playing at this, they want to build a profitable lithium business
Now that's a relief!
Posted on 7/3/24 at 1:45 pm to Auburn1968
Folks just want to see something tangible happening out of SLI. When that happens I think we shake off the penny stock status permanently.
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