Standard Lithium reports strong financials, technological advancements, and strategic partnerships, positive.

From GlobeNewswire: 2024-09-24 08:19:00

Standard Lithium Ltd. announced its fiscal fourth quarter and year-end results, highlighting advancements in lithium brine assets and securing a strategic partnership with Equinor. They received a conditional $225 million grant from the U.S. DOE for the South West Arkansas Project and appointed David Park as CEO. The company installed a commercial-scale unit with impressive lithium recovery rates and achieved record-breaking lithium concentrations in drilling programs. They de-risked the South West Arkansas Project, strengthened their team with key executive appointments, and established an at-the-market equity program. Financially, the company ended the fiscal year with $52.9 million in cash and no debt obligations. Standard Lithium’s goal is sustainable lithium production through a scalable Direct Lithium Extraction process, focusing on high-grade lithium-brine properties in the U.S. They are developing projects in Arkansas and Texas, partnering with Equinor and LANXESS Corporation. For more details, refer to their Consolidated Financial Statements and MD&A for the year ended June 30, 2024, available on SEDAR+ and EDGAR. The company will hold a conference call and webcast on October 1st to discuss their Q4 and fiscal year 2024 results.

(Note: This summary focuses on the key highlights and financial aspects of Standard Lithium Ltd.’s recent news, providing a concise overview of their achievements and goals in the lithium sector.)



Read more at GlobeNewswire:: Standard Lithium Reports 2024 Full Year and Fourth Quarter