Standard Lithium (TSX.V: SLL) (OTCQX: STLHF) (FRA: S5L) on
Tuesday announced that, owing to very strong interest, it will increase the
size of its non-brokered private placement of special warrants (each, a
“Special Warrant”) to accommodate the additional demand. According to the
update, the Company now intends to offer up to 12,000,000 Special Warrants,
each at a price of $0.75, for gross proceeds of up to $9,000,000. Standard
Lithium intends to use net proceeds from the private placement to complete
commissioning of its extraction demonstration plant in southern Arkansas, as
well as to maintain existing property interests and for general working capital
purposes.
To view the full press release, visit http://ibn.fm/ih1MF
About Standard Lithium Ltd.
Standard Lithium is a specialty chemical company focused on
unlocking the value of existing large-scale US based lithium-brine resources.
The Company believes new lithium production can be brought on stream rapidly by
minimizing project risks at selection stage (resource, political, geographic,
regulatory, and permitting), and by leveraging advances in lithium extraction
technologies and processes. The Company’s flagship project is located in
southern Arkansas, where it is engaged in the testing and proving of the commercial
viability of lithium extraction from over 150,000 acres of permitted brine
operations utilizing the Company’s proprietary selective extraction technology.
The Company is also pursuing the resource development of 27,000 acres of
separate brine leases located in southwestern Arkansas and approximately 45,000
acres of mineral leases located in the Mojave Desert in San Bernardino County,
California. For more information, visit the company’s website at www.StandardLithium.com.
NOTE TO INVESTORS: The latest news and updates
relating to STLHF are available in the company’s newsroom at http://ibn.fm/STLHF
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