Standard Lithium (SLI) announced that it intends to offer and sell common shares in an underwritten public offering of $120M. The company intends to use the net proceeds from the offering to fund capital expenditures at the South West Arkansas Project and the Franklin Project in East Texas, and for working capital and for general corporate purposes. Morgan Stanley and Evercore ISI will serve as co-lead book-running managers for a syndicate of underwriters, including BMO Capital Markets, as a book-running manager, for the proposed offering.
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