v3.26.1
Demonstration Plant
6 Months Ended
Jun. 30, 2026
Demonstration Plant  
Demonstration Plant
6.
Demonstration Plant

The Company operates an industrial scale direct lithium extraction ("DLE") demonstration plant (the "Demonstration Plant") in El Dorado, Arkansas. The Demonstration Plant operating costs are comprised of the following (in thousands):

 

 

 

Three months ended
June 30,

 

 

Six months ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Personnel

 

$

1,032

 

 

$

842

 

 

$

2,016

 

 

$

1,488

 

Reagents

 

 

2

 

 

 

18

 

 

 

21

 

 

 

40

 

Repairs and maintenance

 

 

65

 

 

 

25

 

 

 

118

 

 

 

56

 

Supplies

 

 

265

 

 

 

204

 

 

 

441

 

 

 

302

 

Test work

 

 

4

 

 

 

6

 

 

 

4

 

 

 

9

 

Office trailer

 

 

13

 

 

 

16

 

 

 

28

 

 

 

23

 

Other

 

 

46

 

 

 

26

 

 

 

105

 

 

 

74

 

Total costs

 

$

1,427

 

 

$

1,137

 

 

$

2,733

 

 

$

1,992