Standard Lithium Ltd. focuses on the exploration, development, and processing of lithium brine properties primarily in the United States. Its main endeavor is the Lanxess project, covering about 150,000 acres in southern Arkansas. Originally known as Patriot Petroleum Corp., the company rebranded to Standard Lithium Ltd. in December 2016. Established in 1998, its headquarters are in Vancouver, Canada, marking it as a key player in the lithium sector, crucial for battery production and renewable energy solutions.