Standard Lithium Ltd
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Materials : Metals & Mining | Small Cap Blend
Based in Canada
Company profile

Standard Lithium Ltd. is a Canada-based technology and lithium development company, which is focused on the development of a portfolio of lithium-brine bearing properties in the United States utilizing Direct Lithium Extraction (DLE) and purification technologies. The Company's project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. It has commissioned its industrial-scale direct lithium extraction demonstration plant at Lanxess Project's south plant facility in southern Arkansas. The demonstration plant utilizes the Company's lithium extraction process (LiSTR) technology, which uses a grained, solid, inorganic adsorbent to selectively adsorb lithium ions from the brine. It is also engaged in the resource development of approximately 30,000 acres of separate brine leases located in south west Arkansas.

Postmarket

Last Trade
Delayed
$6.47
-0.05 (-0.77%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$6.52
Day's Change
0.21 (3.33%)
Bid
--
Ask
--
B/A Size
--
Day's High
6.54
Day's Low
5.74
Volume
(Heavy Day)
Volume:
3,802,234

10-day average volume:
1,862,539
3,802,234

Rosen, Trusted National Trial Counsel, Encourages Standard Lithium Ltd. Investors with Losses in Excess of $100K to Inquire About Class Action Investigation - SLI

1:16 pm ET November 27, 2021 (Newsfile) Print

New York, New York--(Newsfile Corp. - November 27, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Standard Lithium Ltd. (NYSE American: SLI) resulting from allegations that Standard Lithium may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Standard Lithium securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2209.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On November 18, 2021, before the market opened, Blue Orca Capital issued an analyst report alleging Standard Lithium's claims of 90% extraction rates of battery grade lithium at its Arkansas demonstration sites are not supported by as-of-yet undisclosed filings with Arkansas regulators. The analyst report also alleged that Standard Lithium's December 2020 announcement that the company had achieved "proof of concept" of its extraction technology was false. According to Standard Lithium's German joint venture partner LANXESS AG, proof of concept had yet to be achieved and the "extraction is not fully there where we would like it to be."

On this news, Standard Lithium share prices dropped as low as 20% during intraday trading, damaging investors.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

cases@rosenlegal.com

www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105054

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COMTEX_397846559/2523/2021-11-27T13:16:01

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