Standard Lithium Announces Quarterly at-the-Market Offering Update
STANDARD LITHIUM ANNOUNCES QUARTERLY
AT-THE-MARKET OFFERING UPDATE
VANCOUVER, BC, January 12, 2024 – Standard Lithium Ltd. (“ Standard Lithium ” or the
“Company”) (TSXV: SLI) (NYSE American: SLI), a leading near-commercial lithium company, is
pleased to provide a quarterly update with respect to the Company’s previously announced “at-
the-market” equity program (the “ ATM Program”) launched on November 17, 2023. The ATM
Program allows the Company to issue and sell, from time to time, up to US$50,000,000 (or the
Canadian dollar equivalent) of its common shares (“ Common Shares ”) from treasury to the
public, at the Company’s discretion, pursuant to a sales agreement (the “ Sales Agreement”)
between the Company and Citigroup and Canaccord Genuity (collectively, the “Agents”).
During the quarterly period ended December 31, 2023, the Company issued a total of 100,100
common shares on the TSX Venture Exchange (the “ TSXV”) at an average price of C$3.06 per
share and 1,526,259 common shares on the NYSE American LLC (the “NYSE American”) at an
average price of US$2.16 under the ATM Program, providing gross proceeds of C$306,107 and
US$3,301,967, respectively. Commissions of C$7,653 and US$82,549 were paid to the Agents,
in relation to these distributions.
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the
sustainable development of a portfolio of lithium-brine bearing properties in the United States.
The Company prioritizes brine projects characterized by high-grade resources, robust
infrastructure, skilled labor, and streamlined permitting. The Company aims to achieve
sustainable, commercial-scale lithium production via the application of a scalable and fully-
integrated direct lithium extraction and purification process. The Company’s signature projects,
the Phase 1A Project and the South West Arkansas Project, are located on the Smackover
Formation in southern Arkansas near the Louisiana state line, a region with a long-standing and
established brine processing industry. The Company has also identified a number of highly
prospective lithium brine project areas in the Smackover Formation in East Texas and began an
extensive brine leasing program in the key project areas. In addition, the Company has an interest
in certain mineral leases located in the Mojave Desert in San Bernardino County, California.
Standard Lithium trades on both the TSXV and the NYSE American under the symbol “SLI”.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Investor and Media Inquiries
Allysa Howell
Vice President, Corporate Communications
+1 720 484 1147