Standard Lithium Ltd (SLI) has received a new Buy rating, initiated by BMO Capital analyst, Raj Ray.
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Raj Ray has given his Buy rating due to a combination of factors including Standard Lithium’s strategic partnership with Equinor, which enhances the development of high-grade lithium brine projects in the Smackover Formation. This collaboration is expected to leverage Equinor’s sub-surface extraction expertise and Standard Lithium’s extensive testing experience, thus reducing the risks associated with project execution.
Additionally, the company’s phased approach, supported by multi-year demonstration and pilot plant testing, provides a solid foundation for advancing its lithium carbonate production plans. The potential for significant growth in the East Texas project, which aims to become a leading brine resource in North America, further strengthens the long-term prospects of Standard Lithium, justifying the Buy rating.