Standard Lithium Achieves Critical Milestones in US Lithium Development

Standard Lithium has released its quarterly financial results, but the truly significant developments lie elsewhere. The company announced record-breaking lithium concentrations at one of its key projects alongside a favorable feasibility study, positioning itself for substantial growth in North America’s lithium sector.

Following the close of the quarter, Standard Lithium successfully secured $130 million in new funding through a capital raise. Company leadership, including CEO David Park, emphasized these resources will be sufficient to advance the South West Arkansas project toward final investment decision while simultaneously accelerating development at its Texas properties. As of September 30, the company reported holding $32.1 million in cash reserves. The quarterly loss of $0.03 per Read more...