Standard Lithium Announces Proposed Public Offering of Common Shares

Core Viewpoint - Standard Lithium Ltd. announced a public offering of common shares amounting to $120 million, subject to market conditions and other factors [1] Group 1: Offering Details - The company plans to grant underwriters a 30-day option to purchase an additional 15% of the common shares sold under the offering at the public offering price [1] - Morgan Stanley and Evercore ISI will act as co-lead book-running managers for the offering, with BMO Capital Markets also participating [2] - The net proceeds from the offering will be used for 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 [2] Group 2: Regulatory Filings - The company filed a preliminary prospectus supplement with securities commissions in all Canadian provinces and territories except Quebec, as well as a preliminary prospectus supplement in the United States [3] - The offering is being made in the United States and in each of the provinces and territories of Canada, excluding Quebec [4] Group 3: Company Overview - Standard Lithium is focused on the sustainable development of high-grade lithium-brine properties in the United States, aiming for commercial-scale lithium production through a Direct Lithium Extraction process [6] - The company's flagship projects are located in the Smackover Formation in Arkansas and Texas, with a partnership with Equinor for the South West Arkansas project [7]