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Standard Lithium initiated with an Outperform at Evercore ISI

Evercore ISI initiated coverage of Standard Lithium (SLI) with an Outperform rating and $4.75 price target Standard Lithium “leads the pack in demonstrating and perfecting process expertise” in direct lithium extraction,” according to the analyst, who sees the company’s partnership with Equinor lending “technical credibility” and a $225M DOE grant validating project economics.

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