Canaccord raised the firm’s price target on Standard Lithium (SLI) to C$7.50 from C$5 and keeps a Speculative Buy rating on the shares. The firm updated its model following the announcemed closing of a US$130 million equity offering with net proceeds of US$121.6 million to be used for capital expenditures at the South West Arkansas project, and the Franklin project in East Texas, in addition to general corporate purposes.
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