STANDARD LITHIUM Business Summary

Standard Lithium Ltd. (SLI) is a near-commercial lithium development company that operates as a pre-revenue entity focused on the sustainable extraction of high-grade lithium from brine resources in the United States. The company’s business model centers on the commercialization of its proprietary Direct Lithium Extraction (DLE) technology, which bypasses traditional evaporation ponds to produce lithium carbonate and hydroxide more efficiently. Its primary business segments are concentrated in the Smackover Formation, including the Phase 1A Project (developed in partnership with LANXESS), the flagship South West Arkansas (SWA) Project, and a growing acreage position in East Texas. Standard Lithium competes directly with other North American lithium developers such as E3 Lithium Ltd., Lithium Americas Corp., Compass Minerals, and American Lithium Corp. Within this landscape, the company distinguishes itself as a strategic leader in the domestic U.S. supply chain, leveraging existing industrial infrastructure to minimize environmental impact and accelerate the timeline to commercial-scale production. The company’s leadership is anchored by a blend of technical founders and seasoned industrial executives. It was co-founded by Robert Cross, who serves as Independent Chairman and brings over 30 years of experience in mining and oil and gas finance, and Dr. Andy Robinson, the President and COO, a geoscientist and DLE pioneer with a Ph.D. in Geochemistry. The executive team is led by CEO David Park, who joined in September 2024 following a 28-year career at Koch Industries, where he most recently served as President of Koch Strategic Platforms. Financial operations are managed by CFO Salah Gamoudi, formerly of SandRidge Energy, while legal and strategic growth is overseen by General Counsel Michael Lutgring, a former executive at Albemarle Corporation. Standard Lithium is backed by significant strategic investors, most notably Koch Industries (its largest shareholder) and the Norwegian energy giant Equinor, which entered into a major joint venture in 2024 to advance the Arkansas and Texas projects.