Standard Lithium Announces Grant of Incentive Securities
STANDARD LITHIUM ANNOUNCES GRANT OF INCENTIVE SECURITIES
Vancouver, British Columbia – August 9, 2024 – Standard Lithium Ltd. (“Standard Lithium”
or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial
lithium company, announces the grant of 1,063,394 stock options, 1,357,289 restricted share
units (“ RSUs”), and 441,935 deferred share units (“ DSUs”) to employees, directors, and
management under the Company's shareholder-approved incentive plans.
The stock options, exercisable at C$1.55 per share, will vest in equal thirds over 36 months and
expire in 60 months. The RSUs will also vest in equal thirds over 36 months. DSUs will vest after
12 months and settle in common shares upon the holder’s departure from the Company or a
change of control.
The grant of the incentive securities is intended to align compensation of employees, directors
and management with the interests of shareholders.
For further information regarding the shareholder-approved incentive plans, readers are
encouraged to review the management information circular prepared for the annual general
meeting of the Company which includes summaries of the incentive plans and which is available
under the profile for the Company on SEDAR+ ( www.sedarplus.com) and by visiting the
Company’s website (www.standardlithium.com).
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the
sustainable development of a portfolio of large, high-grade lithium-brine properties in the United
States. The Company prioritizes projects characterized by the highest quality resources, robust
infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve
sustainable, commercial-scale lithium production via the application of a scalable and fully
integrated Direct Lithium Extraction (“ DLE”) and purification process. The Company’s flagship
projects are located in the Smackover Formation, a world-class lithium brine asset, focussed in
Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is
advancing the South West Arkansas project, a greenfield project located in southern Arkansas,
and actively exploring promising lithium brine prospects in East Texas. Additionally, the Company
is advancing the Phase 1A project in partnership with LANXESS Corporation, a brownfield
development project located in southern Arkansas. Standard Lithium operates the only
commercial-scale, continuously operating DLE demonstration facility in North America. Standard
Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino
County, California.
Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under
the trading symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please
visit the Company’s website at https://www.standardlithium.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify
forward-looking statements or information. These forward-looking statements or information may
relate to intended development timeline, accuracy of mineral or resource exploration activity, and
other factors or information. Such statements represent the Company’s current views with respect
to future events and are necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject to significant business,
economic, competitive, political and social risks, contingencies and uncertainties. Many factors,
both known and unknown, could cause results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied
by such forward-looking statements. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events affecting such statements and
information other than as required by applicable laws, rules and regulations.
For further information contact:
Chris Lang
Director of Finance
+1 604 409 8154
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/