Financial Performance - The company reported a net loss of $4,829,000 for the three months ended September 30, 2024, compared to a net loss of $7,257,000 for the same period in 2023, indicating an improvement of approximately 33%[10] - The total comprehensive loss for the quarter was $4,811,000, compared to $6,517,000 in the prior year, indicating a decrease of approximately 26%[10] - Net loss for the three months ended September 30, 2024, was $4,829,000, a decrease of 33.4% compared to a net loss of $7,257,000 in the same period of 2023[14] - Total compensation to key management for the three months ended September 30, 2024, was $2,030, a decrease from $2,343 in the same period of 2023[61] Assets and Liabilities - Total assets as of September 30, 2024, were $278,598,000, a decrease from $287,291,000 as of June 30, 2024, representing a decline of approximately 3%[6] - The company’s total liabilities decreased to $33,340,000 from $38,910,000, a reduction of approximately 14%[6] - As of September 30, 2024, the company reported working capital of $24,657,000, down from $28,919,000 as of June 30, 2024, indicating a decrease of approximately 14.5%[80] - The company had $28,900,000 of unrestricted cash on hand as of September 30, 2024[83] Cash Flow - Cash and cash equivalents decreased to $28,906,000 from $38,667,000 in the previous quarter, reflecting a decline of about 25%[4] - Cash used in operating activities increased to $7,581,000 in Q3 2024 from $4,809,000 in Q3 2023, representing a 57.8% increase[14] - Total cash used in investing activities was $2,081,000 in Q3 2024, significantly lower than $12,468,000 in Q3 2023, indicating a reduction of 83.3%[14] - Cash and cash equivalents at the end of the period were $28,906,000, compared to $27,381,000 at the end of Q3 2023, showing a 5.6% increase[14] Shareholder Equity - The weighted average number of common shares outstanding increased to 184,205,111 from 172,785,164, representing an increase of approximately 7%[9] - Share capital increased to $228,086,000 from $227,292,000, reflecting a growth of about 0.35%[12] - As of September 30, 2024, the company had no outstanding warrants, down from 3,462,502 warrants as of September 30, 2023[51] - The weighted average fair value of options granted during the three months ended September 30, 2024, was $0.85 per option, compared to $1.92 per option in the same period of 2023[53] Joint Ventures and Investments - The company has significant investments in joint ventures for lithium brine production facilities, including the South West Arkansas Project and East Texas properties[16] - As of September 30, 2024, the company's investment in joint ventures totaled $146,442,000, down from $146,865,000 as of June 30, 2024, reflecting a loss of $423,000 during the quarter[38] - The company's share of net assets in joint ventures was $86,190,000 as of September 30, 2024, compared to $94,574,000 for SWA Lithium and $51,868,000 for Texas Lithium[38] - The company reported a fair value gain on financial assets of $1,489,000, which was not present in the previous year’s results[10] Expenses - General and administrative expenses were $2,811,000, down from $3,097,000 in the previous quarter, a reduction of about 9%[10] - The company reported total costs for the Demonstration Plant operations of $1,039,000 for the three months ended September 30, 2024, a decrease from $2,538,000 in the same period of 2023[45] - The company reported a share-based compensation expense of $894,000 in Q3 2024, down 56.3% from $2,043,000 in Q3 2023[14] Strategic Developments - The company entered into a strategic partnership with Equinor, receiving an initial cash payment of $30,000,000 and a commitment for an additional $130,000,000 investment for a 45% interest in SWA Lithium and Texas Lithium[84] - The company announced a license agreement with Koch Technology Solutions LLC to deploy Li-ProTM Lithium Selective Sorption technology at SWA Lithium's commercial plant for the SWA Phase 1 Project[91] Currency and Risk Management - Standard Lithium changed its presentation currency from CAD to USD effective July 1, 2024, to align with its significant assets and liabilities denominated in USD[25] - A 10% fluctuation in the Canadian dollar relative to the US dollar would result in a change of approximately $431,000 to $588,000 in the company's comprehensive loss for the year to date[81] - The company does not use derivative instruments to mitigate foreign exchange risk, exposing it to potential fluctuations in value due to currency movements[81] - The company is currently in the exploration and development phase, with no exposure to commodity price risk affecting its financial instruments[86]

Financial Data and Key Metrics Changes - For Q4 and the full year ended June 30, 2024, the company reported net income before taxes of $212.8 million and $182.5 million respectively, translating to $0.97 and $0.83 per basic share, a significant improvement from net losses in the same periods of 2023 [14][15] - The net income was primarily driven by gains from the sale of minority interests in the South West Arkansas and East Texas projects to Equinor, retaining a 55% interest in both projects [14] Business Line Data and Key Metrics Changes - The South West Arkansas project has a reported resource of 1.8 million tons of lithium carbonate equivalent with an average lithium concentration of 437 milligrams per liter across approximately 30,000 acres [10] - The company plans to increase overall production to up to 45,000 tons per year of lithium carbonate, developed in two phases of 22,500 tons each [10][11] Market Data and Key Metrics Changes - The company noted a retreat in lithium pricing from all-time highs in 2022, impacting the sector sentiment, particularly in electric vehicles and energy transition [3][4] - Exploration results in East Texas showed lithium concentrations up to 806 milligrams per liter, with an average of 644 milligrams per liter, indicating high-quality resources [8] Company Strategy and Development Direction - The company is focused on de-risking its business and advancing lithium brine projects, particularly through strategic partnerships, such as the recent collaboration with Equinor [3][4] - The partnership with Equinor is expected to enhance project execution and management, leveraging Equinor's expertise in subsurface operations and large-scale project management [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a complex economic environment and emphasized the importance of strategic partnerships and government grants for future growth [3][5] - The company aims to prioritize low-cost capital options for financing the next phase of growth, with a focus on advancing projects in a timely manner [17][18] Other Important Information - The company received a $225 million conditional grant from the U.S. Department of Energy, one of the largest ever for a U.S. critical minerals project, which will support American energy and supply chain security [5][10] - The demonstration plant in Arkansas has successfully processed over 21 million gallons of brine, achieving lithium recoveries exceeding 95% [13] Q&A Session Summary Question: Could you provide some color on the proposed plan to produce lithium carbonate rather than hydroxide? - The decision to switch to lithium carbonate was based on feedback from the offtake community, indicating a preference for carbonate products for the anticipated timeline of commercial production [19] Question: Could a potential administration change in the U.S. put the receipt of the DOE award at risk? - The DOE grant has been allocated, but if terms are not finalized before a change in administration, there is a theoretical risk. However, the DOE is working to complete these grants by the end of December [20] Question: How does the collaboration with the Equinor team work in practical terms? - The collaboration is structured as a true joint venture with integrated project management teams from both companies, facilitating deep collaboration and data sharing [23] Question: What is the focus of the additional sampling and drilling? - The focus is on confirmatory drilling in South West Arkansas to ensure the accuracy of the production model and exploratory drilling in East Texas to define geographic resources and rock properties [25][26] Question: Is the license process for the demonstration project complete? - The licensing process is nearing completion, with expectations to finalize it soon [27]

EXHIBIT 99.1 Standard Lithium Reports 2024 Full Year and Fourth Quarter Results VANCOUVER, British Columbia, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading nearcommercial lithium company, today announced its financial and operating results for the fiscal fourth quarter and year ended June 30, 2024. "We delivered on our promises in fiscal 2024 with the advancement of our world-class lithium brine assets and by ...

And the amount of knowledge, data, and experience that our shared technical teams have in DLE and brine processing, was another reason that supported the investment. Over the past quarter, we announced a successful commissioning with the first commercial-scale DLE column at our demo plant that was performed in partnership with Koch Technology Solutions. As with the SWA project, we're adding key Equinor people to the project team, to allow us to execute more efficiently across all of the project development ...

Exhibit 99.1 Condensed Consolidated Interim Financial Statements (Expressed in Canadian dollars - unaudited) Three and nine months ended March 31, 2024 and 2023 STANDARD LITHIUM LTD. Condensed Consolidated Interim Statements of Financial Position As at March 31, 2024 and June 30, 2023 (Expressed in thousands of Canadian Dollars – unaudited) | | | March 31, | | June 30, | | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | | ASSETS | | | | | | Current assets | | | | | | Cash | $ | 15,716 | $ | 59,612 | | R ...

Noel Parks Robert, I'm happy to jump in. Mike Barman Great. Thanks a lot. So that aspect is extremely important on the dialogues, and the conversations we're having and that it's one thing to hold the land position, but it's another to have a position and a process that you will have high confidence - that can get the lithium out, because there's only one process, DLE, to unlock the resource. And we are the most advanced at that. Operator Hi, Robert. Just kind of a follow-up thing. As you think about pricin ...

Exhibit 99.1 Condensed Consolidated Interim Financial Statements (Expressed in Canadian dollars - unaudited) Three and six months ended December 31, 2023 and 2022 STANDARD LITHIUM LTD. Condensed Consolidated Interim Statements of Financial Position As at December 31, 2023 and June 30, 2023 (Expressed in thousands of Canadian Dollars – unaudited) | | | December 31, | | June 30, | | --- | --- | --- | --- | --- | | | | 2023 | | 2023 | | ASSETS | | | | | | Current assets | | | | | | Cash | $ | 15,831 | $ | 59,6 ...

Director Director Exhibit 99.1 Condensed Consolidated Interim Financial Statements (Expressed in Canadian dollars - unaudited) Three months ended September 30, 2023 and 2022 STANDARD LITHIUM LTD. Condensed Consolidated Interim Statements of Financial Position As at September 30, 2023 and June 30, 2023 (Expressed in thousands of Canadian Dollars – unaudited) | | | September 30, | | June 30, | | --- | --- | --- | --- | --- | | | | 2023 | | 2023 | | ASSETS | | | | | | Current assets | | | | | | Cash | $ | 37,1 ...