Standard Lithium files preliminary assessment for Texas Franklin project
Standard Lithium and Equinor said on 20 October that the Preliminary Economic Assessment technical report for their Franklin project in East Texas had been filed on SEDAR+. The study evaluates development and production scenarios for a lithium-brine project in the Smackover Formation.
Event / data period: 2026-10-20
Published: · Updated:
The PEA models capacity of up to 70,000 tonnes of battery-quality lithium carbonate per year and total output of 1.29 million tonnes over a 20-year model life. These are preliminary model results, not current production or a final feasibility-backed operating plan.
The report reviews lithium concentrations and project economics and recommends advancing to a pre-feasibility study. Standard Lithium reports a 55% economic interest; the 2027 target concerns completion of that study, not production.
Data
PEA production model
Preliminary modelled lithium carbonate capacity and total production; not achieved output.
| Up to 70,000 tonnes per year capacity | 70000 |
| 1.29 million tonnes total over 20 modelled years | 1290000 |
Methodology
Figures are PEA scenarios on a 100% project basis as described by Standard Lithium; per-year capacity and 20-year model total are distinct measures.
Updated:
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