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:
3,802,289

10-day average volume:
1,862,539
3,802,289

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Standard Lithium Ltd. - SLI

7:44 pm ET November 28, 2021 (Newsfile) Print

New York, New York--(Newsfile Corp. - November 28, 2021) - Pomerantz LLP is investigating claims on behalf of investors of Standard Lithium Ltd. ("Standard Lithium" or the "Company") (NYSE: SLI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Standard Lithium and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On November 18, 2021, Blue Orca Capital ("Blue Orca") published a short report alleging that Standard Lithium's claims of achieving of 90% extraction rates of battery grade lithium at its Arkansas demonstration site are not supported by previously undisclosed data filed by the Company with the state regulator, which indicated significantly lower recovery rates. 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 on November 18, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:

Robert S. Willoughby

Pomerantz LLP

rswilloughby@pomlaw.com

888-476-6529 ext. 7980

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105484

comtex tracking

COMTEX_397915575/2523/2021-11-28T19:44:27

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