Standard Lithium completes $130 million public offering

Standard Lithium Ltd. (TSXV: SLI, NYSE.A: SLI) closed its underwritten public offering of 29,885,057 common shares at $4.35 per share, raising approximately $130 million in gross proceeds.

The offering was led by Morgan Stanley and Evercore ISI as co-lead book-running managers, with BMO Capital Markets serving as book-running manager. Additional underwriters included Canaccord Genuity, Raymond James, Roth Capital Partners and Stifel.

Standard Lithium granted underwriters an option to purchase up to 4,482,758 additional shares at the same price within 30 days of the offering's closing.

The company plans to use net proceeds to fund capital expenditures at its South West Arkansas Project and Franklin Project in East Texas, along with working capital and general corporate purposes.

The offering was conducted in the United States and all Canadian provinces and territories except Quebec. Standard Lithium filed prospectus supplements with Canadian securities commissions and the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure System.

Vancouver-based Standard Lithium develops lithium-brine properties in the United States, focusing on projects in the Smackover Formation across Arkansas and Texas. The company partners with Equinor on the South West Arkansas project and maintains operations in East Texas.

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