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Standard Lithium Ltd ( (TSE:SLI) ) just unveiled an update.
Smackover Lithium, a joint venture between Standard Lithium Ltd. and Equinor, announced the completion of sampling from its Lester well in the South West Arkansas Project area, revealing the highest lithium concentration recorded in the project area to date at 616 mg/L. This marks a significant milestone as the joint venture progresses towards completing the FEED study and a Definitive Feasibility Study, expected later in the third quarter of 2025. These developments are crucial as they advance Phase 1 of the SWA Project towards off-take negotiations and project finance, aiming for a Final Investment Decision by the end of 2025.
The most recent analyst rating on (TSE:SLI) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.
Spark’s Take on TSE:SLI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLI is a Neutral.
Standard Lithium Ltd’s overall stock score reflects significant financial challenges, including lack of revenue and reliance on external funding. Despite this, strategic partnerships and technological advancements provide a cautiously optimistic outlook. Technical indicators suggest neutral to mild downward momentum, while recent corporate events highlight potential future growth.
To see Spark’s full report on TSE:SLI stock, click here.
More about Standard Lithium Ltd
Standard Lithium Ltd. is a leading near-commercial lithium development company focused on the sustainable development of large, high-grade lithium-brine properties in the United States. The company emphasizes projects with high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Its flagship projects are located in the Smackover Formation, primarily in Arkansas and Texas, where it aims to achieve sustainable, commercial-scale lithium production using a scalable Direct Lithium Extraction and purification process. Standard Lithium is in partnership with Equinor ASA to advance the South West Arkansas project and explore lithium brine prospects in East Texas.
Average Trading Volume: 183,996
Technical Sentiment Signal: Buy
Current Market Cap: C$774.5M
Find detailed analytics on SLI stock on TipRanks’ Stock Analysis page.