With over 5.07 million Standard Lithium Ltd. (SLI) shares trading Wednesday and a closing price of $7.00 on the day, the dollar volume was approximately 5.07 million. The Standard Lithium (SLI) shares have shown a positive weekly performance of 7.36% and its price on 01/26/22 gain nearly 6.06%. Currently, there are 143.40M common shares owned by the public and among those 128.68M SLI shares have been available to trade. SLI stock surged after signing a Letter of Intent (“LOI”).
With whom SLI has marked the LOI?
Standard Lithium (SLI) is a creative innovation and lithium advancement organization. The Company has dispatched its first-of-a-sort modern scale direct lithium extraction show plant at Lanxess’ south plant office in southern Arkansas. The exhibit plant uses SLI’s exclusive LiSTR innovation to specifically remove lithium from Lanxess’ tail brackish water. The exhibit plant is being utilized for confirmation of-idea and business plausibility studies.
Standard Lithium (SLI) has marked a Letter of Intent (“LOI”) with Koch Minerals and Trading LLC (“KM&T”) for the acquisition of lithium compound off-take and the acquirement of key unrefined components.
- The chief point of the LOI is to foster a market-based estimating component for KM&T to acquire lithium hydroxide (and other lithium synthetics) delivered by Standard Lithium at the South West Arkansas Project.
- KM&T is additionally expected to help Standard Lithium (SLI) with the powerful acquirement of key natural substances and compound reagents by utilizing Koch’s mastery, organizations and worldwide scale.
- Regarding future lithium synthetic off-take, this doesn’t influence any off-take courses of action existing or examined with LANXESS, connected with the proposed future business plant(s) at their working offices.
How the relationship will benefit SLI?
Koch is a huge financial backer in Standard Lithium (SLI), and SLI is pointing growing this essential relationship. Fostering a market-based valuing off-take structure with KM&T at SLI’s South-West Arkansas venture will permit the Company to profit from the extended exorbitant costs for lithium synthetic substances in the approaching ten years and then some. Furthermore, the capacity to use KM&T’s significant buying and ware exchanging abilities to improve the value, quality and amount of reagents needed to work the plants later on, which is significant both for financing these tasks just as their effective activity.
What SLI is investigating at its fundamental venture?
The lead venture of Standard Lithium (SLI), situated in southern Arkansas, is verifying the business practicality of lithium extraction from north of 150,000 sections of land of allowed salt water activities. SLI’s innovation centered way to deal with maintainable task advancement separates it from other lithium mining organizations.
