BMO Capital analyst Raj Ray reinstated coverage of Standard Lithium (SLI) with an Outperform rating and C$4.75 price target The company is developing a portfolio of high-grade lithium brine projects with its joint venture partner Equinor, the analyst tells investors in a research note. The firm believes Equinor’s sub-surface extraction experience coupled with Standard’s multi-year demonstration and pilot plant testing lowers project execution risk.
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