Standard Lithium Ltd
XTSX:SLI
Standard Lithium Ltd
Standard Lithium Ltd. engages in the testing and proving of the commercial viability of lithium extraction. The company is headquartered in Vancouver, British Columbia and currently employs 0 full-time employees. The firm's 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 industrial-scale direct lithium extraction demonstration plant at Lanxess Project's south plant facility in southern Arkansas. The demonstration plant utilizes the Company's lithium extraction process (LiSTR) technology, which uses a grained, solid, inorganic adsorbent to selectively adsorb lithium ions from the brine. The company is also engaged in the resource development of approximately 30,000 acres of separate brine leases located in south west Arkansas.
Standard Lithium Ltd. engages in the testing and proving of the commercial viability of lithium extraction. The company is headquartered in Vancouver, British Columbia and currently employs 0 full-time employees. The firm's 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 industrial-scale direct lithium extraction demonstration plant at Lanxess Project's south plant facility in southern Arkansas. The demonstration plant utilizes the Company's lithium extraction process (LiSTR) technology, which uses a grained, solid, inorganic adsorbent to selectively adsorb lithium ions from the brine. The company is also engaged in the resource development of approximately 30,000 acres of separate brine leases located in south west Arkansas.
Project Milestones: Standard Lithium completed a Definitive Feasibility Study for the South West Arkansas (SWA) Project and released a maiden inferred resource report for the Franklin Project in East Texas.
Strong Financing Progress: The company closed an oversubscribed public equity offering in October, raising $130 million and receiving strong institutional support.
Financial Results: Net loss widened to $6.1 million from $4.8 million year-over-year due to higher operating and JV expenses.
Cash Position: Ended the quarter with $32.1 million in cash (before the October equity raise) and $29 million in working capital.
Outlook: SWA construction is targeted to start in 2026 after a final investment decision (FID), with first production expected in 2028; major project financing and customer offtake agreements are expected to be finalized by year-end.
Key FID Payment: Equinor will pay Standard Lithium $40 million upon a positive FID at SWA or East Texas, payable immediately upon board approval.
