Standard Lithium Ltd ( (TSE:SLI) ) has issued an update.
Standard Lithium Ltd. reported its financial and operational results for the six-month fiscal period ending December 31, 2024, highlighting significant progress towards a final investment decision for its South West Arkansas project. The company secured a $225 million grant from the U.S. Department of Energy, completed successful reservoir testing and derisking of its DLE technology, and made strategic leadership additions. These developments position Standard Lithium to advance its projects and strengthen its market presence in the lithium extraction industry.
More about Standard Lithium Ltd
Standard Lithium Ltd. is a leading near-commercial lithium company focused on advancing its projects in the lithium extraction industry. The company is primarily engaged in developing commercial-scale Direct Lithium Extraction (DLE) facilities, with significant projects in South West Arkansas and East Texas.
YTD Price Performance: -14.42%
Average Trading Volume: 224,274
Technical Sentiment Signal: Buy
Current Market Cap: C$332.1M
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