Standard Lithium Ltd. Closes $130 Million Public Offering

Standard Lithium Ltd. has successfully closed its underwritten public offering, raising approximately $130 million by issuing 29,885,057 common shares at $4.35 per share. The offering was led by Morgan Stanley and Evercore ISI, with BMO Capital Markets, Canaccord Genuity, Raymond James, Roth Capital Partners, and Stifel as book-running managers. The company has also granted the underwriters an option to purchase up to 4,482,758 additional shares at the same price, exercisable within 30 days. The net proceeds 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 Canadian provinces and territories except Quebec. Standard Lithium is a leading near-commercial lithium development company focused on sustainable lithium production from high-grade lithium-brine properties in the United States.