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
$6.50
-0.02 (-0.31%)
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:
3,802,297

10-day average volume:
1,862,539
3,802,297

STANDARD LITHIUM ALERT: Bragar Eagel & Squire, P.C. is Investigating Standard Lithium Ltd. on Behalf of Standard Lithium Stockholders and Encourages Investors to Contact the Firm

5:00 am ET November 27, 2021 (Globe Newswire) Print

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Standard Lithium Ltd. ("Standard Lithium" or the "Company") (NYSE: SLI) on behalf of Standard Lithium stockholders. Our investigation concerns whether Standard Lithium has violated the federal securities laws and/or engaged in other unlawful business practices.

Click here to participate in the action.

On November 18, 2021, Blue Orca Capital ("Blue Orca") published a short report alleging that Standard Lithium's claims of achieving 90% recovery rates of battery grade lithium at its Arkansas demonstration site are not supported by data submitted by Standard Lithium to the Arkansas Oil & Gas Commission, which "appears to show that the Demonstration Plant, which has been operating for 18 months, is barely achieving a fraction of this projected recovery rate." The report also alleges that the Company's German joint venture partner says proof of concept has not been achieved and that "extraction is not fully there where we would like it to be."

On November 18, 2021 following publication of the Blue Orca report, Standard Lithium's stock price fell $1.86 per share, or 18.84% percent, to close at $8.01 per share.

If you purchased or otherwise acquired Standard Lithium shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra B. Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Contact Information:

Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Alexandra B. Raymond, Esq.

(212) 355-4648

investigations@bespc.com

www.bespc.com

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COMTEX_397832151/2010/2021-11-27T05:00:02

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