Standard Lithium (also referred to as SWA Lithium) is proposing to design, construct and operate the South West Arkansas Lithium Project located 15 miles west of the City of Magnolia in southwestern Arkansas. The SWA Project is comprised of i) a central processing facility (encompassing approximately 120 acres) that will extract lithium chloride from brine using proprietary direct lithium extraction (DLE) technology and convert it to a purified, battery quality (>99.5%) lithium carbonate product for sale to the electric vehicle market, and ii) a network of extraction and reinjection wells within a unitized mineral lease area of approximately 22,000 gross acres to supply brine from the Smackover Formation to the central processing facility, and then reinject the barren tail brine back into the Smackover Formation.