Standard Lithium Provides Update on Annual Filings
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.
- The demonstration plant employs proprietary LiSTR technology for efficient lithium extraction.
- Standard Lithium is positioned in a critical market with significant resource development projects in Arkansas and California.
- The audit report raises concerns about the Company's ability to continue as a going concern.
VANCOUVER, British Columbia, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project development company, advises that its audited consolidated financial statements for the fiscal year ended June 30, 2021, included in the Company’s Annual Report on Form 40-F, as amended, contains an audit opinion from its independent registered public accounting firm that includes an explanatory paragraph related to the Company’s ability to continue as a going concern. Release of this information is pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b). It does not represent any change or amendment to any of the Company’s filings for the fiscal year ended June 30, 2021.
About Standard Lithium Ltd.
Standard Lithium is an innovative technology and lithium development company. The company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The company has commissioned its first-of-a-kind industrial-scale direct lithium extraction demonstration plant at Lanxess's south plant facility in southern Arkansas. The demonstration plant utilizes the company's proprietary LiSTR technology to selectively extract lithium from Lanxess's tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino county, California.
Standard Lithium is listed on the TSX Venture Exchange and the NYSE American under the trading symbol “SLI” and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.
On behalf of the Board of Standard Lithium Ltd.
Robert Mintak, CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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