Standard Lithium Stock Price, News & Analysis

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.

Standard Lithium Ltd. has released a Preliminary Economic Assessment (PEA) for its South-West Arkansas Lithium Project, showcasing a pre-tax NPV of US$2.83 billion and an IRR of 40.5%. The project anticipates an average annual production of 30,000 tonnes of battery-quality lithium hydroxide over a 20-year mine life, with operating costs estimated at US$2,599 per tonne. The total capital expenditure is projected at US$870 million. This PEA highlights a total in-situ resource of 1,195,000 tonnes LCE, positioning Standard Lithium for significant advancements in lithium production.

Standard Lithium Ltd. announced positive results from the Preliminary Economic Assessment (PEA) of its South-West Arkansas Lithium Project. The PEA estimates a pre-tax NPV of US$2.83 billion with an internal rate of return (IRR) of 40.5%. The project, which has a 20-year mine life, plans to produce an average of 30,000 tonnes per year of battery-quality lithium hydroxide at operating costs of US$2,599 per tonne. Total capital expenditure is projected at US$870 million. The updated resource estimate shows a total in-situ resource of 1,195,000 tonnes Lithium Carbonate Equivalent (LCE) in the inferred category.

Standard Lithium Ltd. (SLI) is launching a pilot project in southern Arkansas to test a novel carbon capture technology in collaboration with Aqualung Carbon Capture AS and Mission Creek Resources LLC. The project aims to reduce CO₂ emissions and minimize reagent costs, contributing to sustainable lithium production in the Gulf Coast region. The pilot, utilizing a membrane system for CO₂ extraction, aligns with the White House's Carbon Capture initiative. Manufacturing of the pilot unit is set to begin in Q4 2021, with installation planned for early 2022.

Standard Lithium Ltd. (SLI) is launching a pilot project in southern Arkansas to test innovative carbon capture technology in collaboration with Aqualung Carbon Capture AS. The project aims to minimize CO₂ emissions from lithium production processes and optimize production costs. This initiative aligns with the U.S. government's goals for sustainable lithium production and reflects an alignment with the White House's recent CCUS announcement. Manufacturing of the pilot unit is set to begin in Q4 2021, with installation planned for early 2022.

Standard Lithium Ltd. (SLI) provided an update on its SiFT lithium carbonate plant installation at the South Arkansas project. The plant is fully installed, with 'wet' commissioning ongoing, aiming for operational integration by September. A new High Pressure Reverse Osmosis (HPRO) unit is now operational, enhancing the lithium extraction process. The company also reported no storm-related disruptions from Hurricane Ida due to preemptive safety measures. Standard Lithium is engaged in community sponsorships for local events, promoting corporate social responsibility.

Standard Lithium Ltd. (SLI) has completed the installation of its SiFT lithium carbonate plant at its South Arkansas project. All major connections are made, with 'wet' commissioning ongoing and full operations expected to start in September. The company also announced the installation of a High Pressure Reverse Osmosis unit to enhance lithium chloride concentration. Furthermore, operations were uninterrupted by Hurricane Ida due to proactive safety measures. Standard Lithium is committed to community engagement, sponsoring local events.

Standard Lithium Ltd. has filed a preliminary short form base shelf prospectus with Canadian securities regulators, allowing future offerings of securities of up to US$250 million. The Company has a robust cash position of C$30.26 million and is debt-free. This filing seeks to enhance financial flexibility for strategic initiatives, with no immediate plans for capital raising. The Shelf Prospectus supports the Company’s growth strategy and is a preliminary step towards a US registration statement. Standard Lithium focuses on innovative lithium extraction technologies in Arkansas.

TETRA Technologies reported second quarter 2021 revenue of $102 million, a 32% sequential increase from Q1 2021, benefitting from peak seasonal sales in Northern Europe. The net loss before discontinued operations narrowed to $6.7 million from $11.9 million in Q1. Adjusted EBITDA rose 44% to $13 million, driven by improved operational performance. Despite a cash flow decline, demand for completion fluids is expected to rise. The company is also expanding its facility in Finland and investing in low carbon energy initiatives, including a $5 million investment in CarbonFree.