Standard Lithium (TSXV: SLI) details Q1 2026 ATM stock sales
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Standard Lithium Ltd. reports quarterly activity under its previously announced at-the-market equity program. The program permits issuances of up to US$50,000,000 of common shares from treasury through agents Canaccord Genuity and Evercore ISI.
For the quarter ended March 31, 2026, the Company issued 2,267,842 common shares on the NYSE American at an average price of US$4.86, generating gross proceeds of US$11,026,050. A commission of US$275,651 was paid to the agents in connection with these sales.
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Key Figures
ATM Program capacity: US$50,000,000
Shares issued under ATM: 2,267,842 shares
Average share price: US$4.86
+2 more
5 metrics
ATM Program capacity
US$50,000,000
Maximum common shares that may be sold under the program
Shares issued under ATM
2,267,842 shares
Quarter ended March 31, 2026
Average share price
US$4.86
Average price for ATM issuances on NYSE American
Gross proceeds from ATM
US$11,026,050
Quarter ended March 31, 2026
Agent commissions
US$275,651
Paid to Canaccord Genuity and Evercore ISI for ATM distributions
Key Terms
at-the-market equity program, ATM Program, Direct Lithium Extraction, lithium-brine properties, +1 more
5 terms
at-the-market equity program financial
"the Company’s previously announced “at-the-market” equity program (the “ATM Program”)"
An at-the-market equity program lets a company sell newly issued shares directly into the open market at the current trading price through a broker, rather than in a single, prearranged block. It provides flexible, on-demand access to cash—like drawing small amounts from a credit line—but increases the number of shares outstanding, which can reduce existing shareholders’ ownership percentage and put downward pressure on the stock price, so investors monitor program size and pacing.
ATM Program financial
"The ATM Program allows the Company to issue and sell, from time to time, up to US$50,000,000"
An ATM program is a plan or arrangement that allows a company to sell its shares directly to investors over time, often through automated systems like online platforms. It provides a flexible way for companies to raise money gradually without needing a full public offering each time. For investors, it can offer easier access to buying or selling shares and can help companies manage their fundraising more efficiently.
Direct Lithium Extraction technical
"via the application of a scalable and fully integrated Direct Lithium Extraction and purification process"
A method for pulling lithium directly out of salty water or other raw sources using special materials and electrical or chemical processes, instead of relying on long evaporation ponds or mining rock. It matters to investors because it can speed up production, lower costs and environmental impact, and make lithium supply for batteries more reliable—like replacing a slow, weather-dependent harvest with a faster, machine-driven picker that boosts output and predictability.
lithium-brine properties technical
"a portfolio of large, high-grade lithium-brine properties in the United States"
Smackover Formation technical
"The Company’s flagship projects are in the Smackover Formation, a world-class lithium brine asset"
FAQ
What ATM Program did Standard Lithium (SLI) update in this 6-K filing?
Standard Lithium updated investors on its at-the-market equity program allowing issuance of up to US$50,000,000 in common shares. Shares are sold from treasury through agents Canaccord Genuity and Evercore ISI at the Company’s discretion under a previously announced sales agreement.
What commissions did Standard Lithium (SLI) pay on recent ATM sales?
Standard Lithium paid a US$275,651 commission to its agents, Canaccord Genuity and Evercore ISI, on ATM Program distributions in the quarter ended March 31, 2026. This commission relates directly to the 2,267,842 common shares sold during the period.
What business focus does Standard Lithium (SLI) highlight in this report?
Standard Lithium describes itself as a near-commercial lithium development company focused on lithium-brine properties in the United States. It emphasizes sustainable development, Direct Lithium Extraction technology, and flagship projects in the Smackover Formation across Arkansas and Texas.
