Welcome to our dedicated page for Standard Lithium Ltd. news (Ticker: SLI), a resource for investors and traders seeking the latest updates and insights on Standard Lithium Ltd. stock.
Standard Lithium Ltd. (Symbol: SLI) is a pioneering company dedicated to the exploration and development of lithium brine properties in the United States. With a strong focus on technological innovation and results, the company is led by a management team with extensive technical expertise. Their key project, the Arkansas Lithium Project, is strategically located in south-central Arkansas, positioning Standard Lithium at the forefront of the domestic lithium production industry.
SLI's portfolio includes several promising ventures such as the Lanxess Project, Tetra Project, and the Bristol Dry Lake Project. These projects underline the company's commitment to diversifying its production locations and leveraging advanced technologies to optimize lithium extraction and processing.
Recently, Standard Lithium has made significant strides in its operations. The company has commissioned and operationalized a commercial-scale Direct Lithium Extraction (DLE) column at its demonstration plant in Arkansas, utilizing Koch Technology Solutions Li-Pro LSS Unit. This development marks a critical phase in their efforts to further de-risk and validate the DLE process through extensive testing over the next six months.
In financial terms, Standard Lithium continues to advance strategic and commercial discussions while maintaining a strong financial position with no debt obligations and substantial cash reserves. Recent financial statements and conference calls, such as the upcoming Q3 fiscal results webcast scheduled for May 13, 2024, provide transparency and insight into the company’s financial health and strategic direction.
The company has also gained significant commercial traction with a notable investment commitment from Equinor, which has pledged up to US$160 million for a 45% interest in two special purpose entities with SLI. This collaboration aims to develop a sustainable lithium business in the United States, underscoring Standard Lithium's strategic importance in the global lithium supply chain.
Standard Lithium actively engages with stakeholders and the broader community through regular updates and participation in industry events. For instance, Arkansas Governor Sarah Huckabee Sanders and U.S. Senator John Boozman are slated to deliver keynotes at a sold-out summit, further highlighting the company’s influence and commitment to regional economic development.
Stay informed about Standard Lithium's latest updates and developments by following their official Twitter handle (@standardlithium) and LinkedIn page.
Standard Lithium has signed a Letter of Intent with Koch Engineered Solutions to support pre-front end engineering design for its first commercial lithium plant at the Lanxess facility in Arkansas. The collaboration aims to form an Integrated Project Management Team to assist with key project management activities, including engineering design and budgeting. The plant will utilize Standard Lithium's innovative Direct Lithium Extraction technology, enhancing the efficiency of lithium recovery. This partnership highlights the Company's commitment to accelerating growth in the lithium sector.
Standard Lithium has signed a Letter of Intent (LOI) with Koch Engineered Solutions (KES) to assist with pre-front end engineering design for its first proposed commercial lithium plant in Arkansas. This collaboration aims to form an Integrated Project Management Team (IPMT) to streamline project execution, covering areas like process scale-up and preliminary engineering. President Dr. Andy Robinson highlighted the importance of this partnership for the company's growth. The lithium plant will utilize Standard Lithium's proprietary technology, enhancing lithium extraction efficiency without the need for evaporation ponds.
Standard Lithium Ltd. (TSXV: SLI; NYSE: SLI) announced a US$100 million investment from Koch Strategic Platforms (KSP) through a direct private placement. This funding will bolster Standard Lithium's strategic goals, including advancing its commercial project at the Lanxess facility and expanding the South West Arkansas Lithium Project. KSP received 13,480,083 common shares at CDN$9.43 each, totaling CDN$127 million. Additionally, KSP has the right to participate in future equity financings. The investment aims to enhance lithium extraction technologies and facilitate project expansions.
Standard Lithium Ltd. (SLI) has secured a US$100 million investment from Koch Strategic Platforms through a private placement. This investment aims to rapidly advance its commercial project at the Lanxess facility and the South West Arkansas Lithium Project, while also developing modern lithium extraction technologies. The investment issued 13,480,083 common shares at a price of CDN$9.43. Standard Lithium aims to enhance its strategic partnerships with Koch Industries to facilitate project growth and efficiency.
Standard Lithium announced the filing of a Preliminary Economic Assessment Report for its South-West Arkansas Lithium Project. The report reveals a pre-tax NPV of US$2.83 billion with an IRR of 40.5%, and an after-tax NPV of US$1.97 billion with an IRR of 32.1%. The mine is projected to have a 20-year life, producing 30,000 tonnes of battery-quality lithium hydroxide annually, with operating costs at US$2,599 per tonne. The total CAPEX is estimated at US$870 million, including a 25% contingency. The updated lithium brine resource is 1,195,000 tonnes LCE.
Standard Lithium Ltd. announced a significant US$100 million investment from Koch Strategic Platforms through a direct private placement. This investment will enable the company to issue 13,480,083 common shares at a price of CDN$9.43 (US$7.42) per share, totaling CDN$127,070,000. The funds will support the advancement of its first commercial project in Arkansas and the South West Arkansas Lithium Project, as well as the development of new lithium extraction technologies. The partnership aims for strategic alignments with Koch Industries for resource and technology collaboration.
Standard Lithium Ltd. (TSXV: SLI, NYSE: SLI) announced a US$100 million investment from Koch Strategic Platforms (KSP) through a direct private placement, to support its strategic development goals. The investment includes issuing 13,480,083 common shares at CDN$9.43 (US$7.42) each. Proceeds will facilitate rapid advancement of the Lanxess facility project and expand the South West Arkansas Lithium Project. Strategic collaborations with Koch Industries subsidiaries will also enhance technology and supply chain efficiencies, positioning Standard Lithium as a key player in U.S. lithium production.
Standard Lithium (TSXV: SLI, NYSE: SLI) addresses inaccuracies in a report by Blue Orca Capital, which the company views as misleading. The report misinterprets data from the Arkansas Oil and Gas Commission regarding lithium chloride production, suggesting that Standard Lithium's recovery rates are declining. The company clarifies that only temporarily stored lithium chloride was reported, not total production. The Demonstration Plant's objective is to validate the production of battery-quality materials, not to stockpile lithium chloride. Standard Lithium continues to focus on its strategic goals and commercialization plans.
Standard Lithium Ltd. (SLI) has issued a response to a misleading report by Blue Orca Capital, highlighting inaccuracies that could misinform investors. The company emphasizes that the report incorrectly interprets data reported to the Arkansas Oil and Gas Commission (AOGC) regarding lithium chloride production from its Demonstration Plant. Standard Lithium clarifies that the reported figures only represent temporarily stored lithium chloride, not the larger amounts continually reinjected into the brine formation. The firm remains confident in its extraction technology and is focused on advancing its strategic plans.
Standard Lithium Ltd. (TSXV: SLI, NYSE American: SLI) announced its audited consolidated financial statements for the fiscal year ending June 30, 2021. The report includes an audit opinion highlighting concerns regarding the Company's ability to continue as a going concern, as mandated by NYSE American guidelines. There are no amendments to previous filings. Standard Lithium operates a lithium extraction project in southern Arkansas, utilizing its proprietary LiSTR technology at an industrial-scale demonstration plant, aimed at enhancing lithium recovery and reducing environmental impact.
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