Standard Lithium Ltd. Announces Closing of $130 Million Public Offering

Standard Lithium Ltd. announced the closing of an underwritten public offering of 29,885,057 common shares at a price of US $4.35 per share, resulting in aggregate gross proceeds of approximately US $130 million. The offering was led by a syndicate of underwriters including Morgan Stanley, Evercore ISI, BMO Capital Markets, Canaccord Genuity, Raymond James, Roth Capital Partners, and Stifel. The company also granted the underwriters an option to purchase up to 4,482,758 additional common shares at the same price, exercisable for up to 30 days after the closing. The net proceeds from the offering will be used to fund capital expenditures at the South West Arkansas Project and the Franklin Project in East Texas, as well as for working capital and general corporate purposes. The offering was made in the United States and across all provinces and territories of Canada, except Quebec.