Standard Lithium Ltd (SLI) AI Stock Analysis

• Market Cap: C$1.72B
• Dividend Yield: N/A
• Average Volume (3M): 614.86K
• Price to Earnings (P/E): 10.0
• Beta (1Y): 1.86
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 43
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 238,277,020
• 10 Day Avg. Volume: 1,051,875
• 30 Day Avg. Volume: 614,856
• PEG Ratio: 0.00
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.41K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$7.22
• Price Target Upside: 0.14% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$6.50 ▼(-9.85% Downside)

The score is held back primarily by weak financial performance (no revenue, recurring losses, and cash burn) despite a strong low-debt balance sheet. Technicals are moderately supportive with an uptrend and neutral momentum indicators. Corporate events add a positive catalyst backdrop via regulatory progress and financing momentum, while valuation appears modest on P/E but is less persuasive without a dividend and with weak operating fundamentals.

Positive Factors

Technological Advancements

The successful pilot of DLE technology with over 99% lithium recovery demonstrates a strong technological edge, supporting efficient and sustainable lithium extraction, which is crucial for long-term competitiveness in the lithium market.

Strategic Partnerships

The partnership with Equinor validates Standard Lithium's business model and enhances its credibility, potentially leading to increased investment and collaboration opportunities, strengthening its market position.

Government Support

The $225 million DOE grant highlights governmental support, which can accelerate project development and reduce financial risk, enhancing the company's ability to achieve its strategic objectives.

Negative Factors

Lack of Revenue

The absence of revenue generation indicates a reliance on external funding, posing a risk to financial sustainability and limiting the company's ability to self-fund its growth initiatives.

Negative Cash Flow

Negative operating cash flow reflects ongoing operational challenges and reliance on external financing, which could hinder the company's ability to sustain operations and invest in growth opportunities.

Future Capital Requirements

The need for additional capital beyond Equinor's funding highlights potential financial strain and the risk of dilution or increased debt, impacting long-term financial health and project execution.

Standard Lithium Ltd Business Overview & Revenue Model

Company Description

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with approximately 150,000 acres of brine leases located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Standard Lithium Ltd generates revenue through the exploration, development, and eventual production of lithium resources. The company focuses on leveraging its proprietary Direct Lithium Extraction (DLE) technology, which aims to efficiently extract lithium from brine resources while minimizing environmental impact. This innovative approach allows Standard Lithium to position itself as a cost-effective and sustainable provider of lithium, essential for various industries, particularly the electric vehicle and energy storage sectors. The company's revenue streams are expected to come from the sale of lithium products and potential partnerships or joint ventures with major industry players interested in securing a reliable and sustainable lithium supply. Additionally, Standard Lithium may benefit from licensing its DLE technology to other companies in the lithium extraction industry, further diversifying its income sources.

Standard Lithium Ltd Financial Statement Overview

Summary

Standard Lithium Ltd shows financial stability in terms of equity and low leverage, but lacks revenue generation and operates at a loss. The positive net income in recent TTM data appears anomalous in the absence of revenue. Cash flow issues highlight potential challenges in sustaining operations without external funding, posing risks to long-term viability.

Income Statement

Standard Lithium Ltd has shown consistent losses in gross profit, EBIT, and EBITDA, with no revenue generated over the reported periods. The net income improved significantly to a positive figure in the latest TTM data due to unspecified extraordinary items or accounting changes. However, the absence of revenue and persistent negative operating metrics indicate weak profitability performance.

Balance Sheet

The company maintains a strong equity position relative to its liabilities, with a low debt-to-equity ratio suggesting minimal leverage. However, the equity ratio has fluctuated over time. The firm’s total assets have significantly increased, supported by strong stockholders' equity, but without revenue generation, asset efficiency remains questionable.

Cash Flow

Operating cash flow remains negative, reflecting ongoing operational challenges. The free cash flow is also negative, indicating that the company is using more cash than it generates. The positive financing cash flow suggests reliance on external funding sources. Overall, cash flow management presents significant risks due to continuous cash burn.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-414.00K	-1.65M	-10.79M	-598.00K	-13.65M	-11.55M
EBITDA	-11.46M	-28.75M	-44.75M	-48.14M	-25.67M	-14.40M
Net Income	171.36M	-84.86M	147.45M	-41.99M	-36.55M	-25.61M
Balance Sheet
Total Assets	275.40M	373.07M	286.91M	173.50M	183.65M	74.08M
Cash, Cash Equivalents and Short-Term Investments	53.37M	45.58M	38.62M	59.61M	129.07M	27.99M
Total Debt	989.00K	685.78K	989.00K	1.25M	390.50K	0.00
Total Liabilities	31.55M	45.20M	53.21M	14.12M	7.12M	2.53M
Stockholders Equity	243.85M	327.88M	339.77M	120.25M	137.00M	71.54M
Cash Flow
Free Cash Flow	-16.75M	-40.79K	―	-78.39M	-27.74M	-19.23M
Operating Cash Flow	-14.62M	-34.49K	―	-25.12M	-21.48M	-8.64M
Investing Cash Flow	-10.32M	-3.29M	-2.82M	-53.27M	-9.37M	-10.60M
Financing Cash Flow	17.71M	9.04M	14.44M	5.02M	131.93M	43.08M

Standard Lithium Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SLI, the sentiment is Positive. The current price of 7.21 is above the 20-day moving average (MA) of 6.66, above the 50-day MA of 5.89, and above the 200-day MA of 3.98, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 61.90 is Neutral, neither overbought nor oversold. The STOCH value of 91.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SLI.

Standard Lithium Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LITH	56 Neutral	C$125.00M	-239.13	-0.96%	―	―	-107.23%
SLI	54 Neutral	C$1.72B	9.97	―	―	―	―
LI	52 Neutral	C$214.41M	-14.43	-7.81%	―	―	59.70%
RCK	46 Neutral	C$106.10M	-8.23	-34.52%	―	―	36.48%
SGML	46 Neutral	$2.06B	-43.91	-35.25%	―	-11.65%	34.89%
LAC	46 Neutral	C$2.15B	-5.37	-42.69%	―	―	-465.27%

Standard Lithium Ltd Corporate Events

Standard Lithium Raises US$8.5 Million Through ATM Share Sales

Standard Lithium has reported an update on its at-the-market equity program, under which it can issue up to US$50 million of common shares. In the quarter ended December 31, 2025, the company sold 1,880,935 shares on the NYSE American at an average price of US$4.54, raising gross proceeds of about US$8.54 million and paying US$213,399 in commissions to its agents, strengthening its balance sheet as it advances its U.S. lithium-brine projects toward commercial production.

The most recent analyst rating on (TSE:SLI) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.

Smackover Lithium Secures Over $1 Billion in Financing Interest for SWA Project

Smackover Lithium has received expressions of interest for over $1 billion in project financing for its South West Arkansas Project from major Export Credit Agencies, including the Export-Import Bank of the United States and Export Finance Norway. This financing will support the construction of Phase 1 of the project, with total capital expenditures estimated at $1.45 billion. The strong interest from lenders highlights the project’s strategic importance and potential to become a significant player in the lithium industry, although final commitments are still subject to due diligence and negotiations.

The most recent analyst rating on (TSE:SLI) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.

Standard Lithium to Engage with Investors at Key Conferences

Standard Lithium Ltd. announced its participation in several upcoming investor conferences, including the Deutsche Bank Lithium and Battery Supply Chain Conference and the Bank of America Critical Materials Conference. CEO David Park will also speak at Citi’s Basic Materials Conference. These engagements highlight the company’s proactive approach in engaging with investors and stakeholders, potentially enhancing its visibility and industry positioning.

The most recent analyst rating on (TSE:SLI) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.

Smackover Lithium Secures Final Approval for Arkansas Project

Smackover Lithium, a joint venture between Standard Lithium and Equinor, has received unanimous approval from the Arkansas Oil and Gas Commission for its Integration Application for the Reynolds Brine Unit, a key step in the development of the South West Arkansas Project. This approval provides certainty on the resource underpinning the project, which plans for an initial annual capacity of 22,500 tonnes of battery-quality lithium carbonate with first production expected in 2028. The project has already seen approvals for unitization and a lithium royalty, marking significant progress for the venture.

The most recent analyst rating on (TSE:SLI) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.

Standard Lithium Secures $130 Million in Public Offering to Advance Key Projects

Standard Lithium Ltd. has successfully closed a $130 million underwritten public offering, selling 29,885,057 common shares at $4.35 each. The proceeds will be used to fund capital expenditures at its South West Arkansas and Franklin Projects, as well as for working capital and general corporate purposes. This financial move is expected to bolster the company’s operations and enhance its positioning in the lithium industry, potentially benefiting stakeholders by advancing its key projects towards commercial-scale production.

The most recent analyst rating on (TSE:SLI) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.