Standard Lithium Announces Public Offering and Project Updates

Standard Lithium Ltd. announced a proposed public offering of common shares worth $120 million to fund capital expenditures at its South West Arkansas and Franklin projects. The company aims to achieve sustainable, commercial-scale lithium production using Direct Lithium Extraction (DLE) technology. The South West Arkansas project, in partnership with Equinor, is expected to commence construction in 2026 with first production targeted for 2028. The project has received a $225 million grant from the U.S. Department of Energy and is included on the Federal Permitting Dashboard. The company also highlighted the successful field-testing of its DLE technology, which achieved over 99% lithium recovery. The offering is subject to market conditions and regulatory approvals.