Standard Lithium Ltd.
SLIStandard Lithium Ltd. (SLI) is a technology and innovation company focused on developing sustainable lithium extraction solutions from brine sources in North America. The company aims to establish environmentally friendly and cost-effective processes to produce lithium for use in batteries and energy storage applications. Based in Canada, Standard Lithium works on innovative workflows to improve lithium recovery and position itself as a key player in the growing global lithium market.
Company News
Smackover Lithium, a joint venture between Standard Lithium and Equinor, has received expressions of interest from three major Export Credit Agencies for over $1 billion in senior secured project debt to fund the South West Arkansas lithium project's Phase 1 construction.
Standard Lithium successfully completed a public offering of 29,885,057 common shares at $4.35 per share, raising approximately $130 million. The proceeds will fund capital expenditures for lithium projects in Arkansas and Texas.
Standard Lithium filed a definitive feasibility study for its Southwest Arkansas lithium project, demonstrating economic viability and potential for battery-grade lithium carbonate production, causing its stock to jump 25% in early trading.
Lithium spot prices were generally flat the past month. Click here for the lithium junior miners news for April 2024.
Standard Lithium Ltd. (SLI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
