SLI Standard Lithium Ltd

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

 

For the month of	January		2024
Commission File Number	001-40569

 

Standard Lithium Ltd.

(Translation of registrant’s name into English)

Suite 1625, 1075 W Georgia Street Vancouver, British Columbia, Canada V6E 3C9

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F

¨

Form 40-F

x

 

 

 

DOCUMENTS INCLUDED AS PART OF THIS REPORT

 

Exhibit
99.1	Press Release dated January 12, 2024

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

				Standard Lithium Ltd.
				(Registrant)
Date:		January 12, 2024		By:	/s/ Robert Mintak
					Name:	Robert Mintak
					Title:	CEO and Director

 

 

Exhibit 99.1

 

 

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

a.howell@standardlithium.com

 

 

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