Standard Lithium (SLI) raises US$11.3M through quarterly ATM share sales
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Standard Lithium Ltd. provided a quarterly update on its at-the-market equity program, reporting the sale of 3,139,330 common shares during the period ended June 30, 2026. These shares were sold on the NYSE American at an average price of US$3.59, generating gross proceeds of US$11,261,931.
The company paid US$281,780 in commissions and fees to its agents under the program. Standard Lithium describes itself as a near-commercial lithium development company focused on high-grade lithium-brine projects in Arkansas and Texas, using a scalable direct lithium extraction and purification process.
Positive
- None.
Negative
- None.
Key Figures
ATM program capacity: US$50,000,000
Shares issued under ATM: 3,139,330 shares
Average sale price: US$3.59 per share
+2 more
5 metrics
ATM program capacity
US$50,000,000
Maximum common shares issuance under ATM Program
Shares issued under ATM
3,139,330 shares
Quarterly period ended June 30, 2026
Average sale price
US$3.59 per share
ATM sales on NYSE American
Gross proceeds from ATM
US$11,261,931
Quarterly period ended June 30, 2026
Commissions and fees
US$281,780
Paid to Canaccord Genuity and Evercore ISI
Key Terms
at-the-market equity program, Sales Agreement, gross proceeds, lithium-brine properties, +1 more
5 terms
at-the-market equity program financial
"provided a quarterly update with respect to the Company’s previously announced “at-the-market” equity 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.
Sales Agreement financial
"pursuant to a sales agreement (the “Sales Agreement”) between the Company, Canaccord Genuity and Evercore ISI"
A sales agreement is a written contract that sets out the terms for selling goods, services, or assets, specifying price, delivery, payment schedule and responsibilities of each side. For investors it matters because it creates a predictable stream of revenue or cash obligations, clarifies timing and risk, and can change a company’s value or forecasts much like a signed order turns a customer’s verbal intent into a firm commitment.
gross proceeds financial
"at an average price of US$3.59 under the ATM Program, providing gross proceeds of US$11,261,931"
The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.
lithium-brine properties financial
"focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States"
direct lithium extraction technical
"via the application of a scalable and fully integrated DLE 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.
FAQ
What is the total capacity of Standard Lithium’s (SLI) at-the-market equity program?
The at-the-market equity program allows Standard Lithium to issue and sell up to US$50,000,000 of common shares. Sales can be made from treasury to the public at the company’s discretion under a sales agreement with Canaccord Genuity and Evercore ISI.
On which exchanges does Standard Lithium (SLI) trade and under what symbol?
Standard Lithium trades on the TSX Venture Exchange and the NYSE American under the symbol “SLI”. The company describes itself as a leading near-commercial lithium development company focused on lithium-brine projects in the United States.
What are Standard Lithium’s (SLI) key project areas mentioned in this update?
Standard Lithium highlights flagship projects in the Smackover Formation in Arkansas and Texas. It is advancing the SWA Project in southern Arkansas with Equinor and developing a lithium brine resource position in East Texas, including the Franklin Project.
