Latest news with #StandardLithium
Yahoo
4 days ago
- Business
- Yahoo
Standard Lithium announces production of battery quality lithium sulfide
Standard Lithium (SLI) announces the successful production of battery quality lithium sulfide as part of a collaboration with Telescope Innovations. Standard Lithium's President and COO, Dr. Andy Robinson commented 'this development of new IP and technology with our research partner, Telescope Innovations, exemplifies our approach to becoming the leading new lithium company in North America. Whilst our principle area of focus, and capital allocation, is building the first DLE project in North America at our South West Arkansas Project Phase 1 with our joint venture partner Equinor, we understand that constant technological evolution is integral to staying at the forefront of this rapidly evolving industry. This recent work led by Telescope demonstrates that we are able to take lithium chemicals produced from the Smackover Formation in southern Arkansas, and then transform them into the feedstocks required by the next generation of batteries. Our partnership with Telescope Innovations continues to be a 'win-win' for our shareholders and their's.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on SLI: Disclaimer & DisclosureReport an Issue Smackover Lithium's Arkansas Project Secures Historic Royalty Approval Smackover Lithium's Arkansas project receives royalty rate approval Standard Lithium Announces Key Dates for Upcoming Shareholder Meeting Standard Lithium management to meet with Maxim Standard Lithium price target lowered to $3.20 from $3.40 at Roth Capital Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
31-05-2025
- Business
- Yahoo
Why Standard Lithium Stock Sank on Thursday
The company notched an important agreement for its Arkansas brine project. This set the royalty fee for lithium extraction. 10 stocks we like better than Standard Lithium › Standard Lithium (NYSEMKT: SLI) was the subject of investor interest on Thursday, thanks in no small part to an important operational update. Although the stock traded nearly 7% higher at one point during the trading session, it ultimately deflated to a nearly 3% loss on the news. Meanwhile, the S&P 500 index landed in positive territory, closing up by 0.4% on the day. Before market open, Standard announced that Smackover Lithium -- a joint venture between it and Norway-based energy company Equinor -- has won approval for a 2.5% royalty rate on a project in Arkansas. A royalty rate is the fee that is paid to holders of an asset where a good, such as lithium, is mined. That 2.5% rate will be in force for the Reynolds Unit for phase 1 of Smackover's play stretching across Arkansas' Lafayette and Columbia counties. In the press release announcing the news, Standard didn't hesitate to mention that this is the first royalty rate for lithium derived from brine approved by the Arkansas Oil and Gas Commission (AOGC). The royalty is to be dispensed to the brine owners, who will also receive an additional "brine fee," totaling just over $65 per acre annually. Standard said that this will bring the total proposed royalty consideration up to roughly 3%. It's important to note that this is only an early phase of Smackover's project and, particularly considering that Standard hasn't yet launched mining at scale, it must be considered speculative. That might be what ultimately drove the stock down, as investors like it when a company puts its money where its mouth is, rather than reporting news of agreements or fees. Still, this does mark an advancement in Standard's business, so perhaps that bearish market response was unwarranted. The company is certainly moving in an encouraging direction, and hopefully for shareholders, it can continue doing so. Before you buy stock in Standard Lithium, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Standard Lithium wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Equinor Asa. The Motley Fool has a disclosure policy. Why Standard Lithium Stock Sank on Thursday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
Standard Lithium Corp (SLI) Q1 2025 Earnings Call Highlights: Financial Turnaround and ...
Net Loss: USD 1.6 million for Q1 2025, compared to USD 7.7 million for Q1 2024. SG&A Decline: USD 1.1 million reduction, highlighting cost management and back-office cost sharing. Demo Plan Expenses: Decreased by USD 0.6 million, reflecting cost discipline and focus shift. Share-Based Compensation: Decreased by USD 1.3 million due to timing differences in rewards and grants. Fair Market Value Gain: USD 3 million gain from increased carrying value of investment in Aqualung carbon capture AS. Cash Position: USD 31.6 million at the end of the quarter. Working Capital: USD 31.3 million at the end of the quarter. Equity Investment in Aqualung: Increased to USD 5.4 million. DOE Grant: USD 225 million grant for the Southwest Arkansas project. Warning! GuruFocus has detected 7 Warning Sign with BRC. Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Standard Lithium Corp (SLI) reported a significant reduction in net loss, from USD7.7 million in Q1 2024 to USD1.6 million in Q1 2025, highlighting improved financial performance. The company achieved a lithium recovery rate of over 99% through its DLE technology pilot plant testing in Southwest Arkansas, indicating strong technological progress. SLI has a strong cash and working capital position of USD31.6 million and USD31.3 million, respectively, providing financial stability. The Southwest Arkansas project received a USD225 million grant from the DOE, enhancing the project's financial backing. SLI's Southwest Arkansas project was designated as a priority critical minerals project by the Trump administration, potentially facilitating regulatory processes and attracting global attention. SLI expects the sole funding contributions by its joint venture partner, Ecuador, to be exhausted during the second quarter, requiring SLI to fund its pro rata share of capital expenditures. The company has yet to finalize its Definitive Feasibility Study (DFS) and customer offtake agreements, which are crucial for securing project debt and financing arrangements. There is uncertainty regarding the capital spend profile between now and the final investment decision (FID), which could impact financial planning. The royalty rate proposal for the Southwest Arkansas project may face objections, potentially delaying the approval process. SLI's future funding needs may require additional equity or structured finance, which could dilute existing shareholders. Q: Can you provide a little color on what the designation as a critical minerals project from the Trump administration means with respect to negotiations around off-take agreements and potential financing arrangements for Southwest Arkansas? A: The designation as a critical minerals project primarily ensures that the NEPA environmental review process or other federal regulatory issues will not constrain project funding. Additionally, being named a priority project by the White House increases global attention and confidence among potential downstream customers and financial institutions, enhancing negotiations for off-take agreements and financing arrangements. - David Park, Chief Executive Officer Q: Can you provide a little color on the capital spend runway for the SWA project with respect to the sources that you currently have, and will the carry in East Texas last through the end of 2025? A: The carry from Ecuador for East Texas is expected to run out by the end of the second quarter or early third quarter, after which Standard Lithium will need to fund its 55% share. For Southwest Arkansas, the capital stack is estimated at USD1.4 to USD1.5 billion, sourced from project debt, a USD225 million grant, and a potential USD40 million FID payment from Ecuador. Current cash and liquidity mechanisms should suffice for near-term needs. - Salah Gamoudi, Chief Financial Officer Q: With respect to the royalty application that was filed, do you anticipate any significant objections to the proposal, and did you work with major stakeholders in putting the current plan together? A: The royalty proposal of 2.5% for the rental's unit, which totals approximately 3% with the brine fee, is considered fair and generous. While some objections may arise, the proposal has been well deliberated with stakeholder consultation, and confidence is high that the commission will reach a favorable decision. - David Park, Chief Executive Officer Q: Is it your understanding or hope that this royalty rate would be a benchmark rate that could also apply to a phase two, or would that be a separate discussion? A: It is expected that the established royalty rate will serve as a strong precedent for future royalty discussions in the area. - David Park, Chief Executive Officer Q: Can you elaborate on the financial results for the first quarter, particularly the factors contributing to the reduced net loss? A: The net loss reduction to USD1.6 million from USD7.7 million is due to decreased SG&A expenses, demo plan expenses, and share-based compensation, alongside a gain from an increased carrying value of the equity investment in Aqualung carbon capture AS. These factors, combined with cost discipline and strategic financial management, have significantly reduced corporate cash burn. - Salah Gamoudi, Chief Financial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
17-05-2025
- Business
- Yahoo
Standard Lithium Corp (SLI) Q1 2025 Earnings Call Highlights: Financial Turnaround and ...
Net Loss: USD 1.6 million for Q1 2025, compared to USD 7.7 million for Q1 2024. SG&A Decline: USD 1.1 million reduction, highlighting cost management and back-office cost sharing. Demo Plan Expenses: Decreased by USD 0.6 million, reflecting cost discipline and focus shift. Share-Based Compensation: Decreased by USD 1.3 million due to timing differences in rewards and grants. Fair Market Value Gain: USD 3 million gain from increased carrying value of investment in Aqualung carbon capture AS. Cash Position: USD 31.6 million at the end of the quarter. Working Capital: USD 31.3 million at the end of the quarter. Equity Investment in Aqualung: Increased to USD 5.4 million. DOE Grant: USD 225 million grant for the Southwest Arkansas project. Warning! GuruFocus has detected 7 Warning Sign with BRC. Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Standard Lithium Corp (SLI) reported a significant reduction in net loss, from USD7.7 million in Q1 2024 to USD1.6 million in Q1 2025, highlighting improved financial performance. The company achieved a lithium recovery rate of over 99% through its DLE technology pilot plant testing in Southwest Arkansas, indicating strong technological progress. SLI has a strong cash and working capital position of USD31.6 million and USD31.3 million, respectively, providing financial stability. The Southwest Arkansas project received a USD225 million grant from the DOE, enhancing the project's financial backing. SLI's Southwest Arkansas project was designated as a priority critical minerals project by the Trump administration, potentially facilitating regulatory processes and attracting global attention. SLI expects the sole funding contributions by its joint venture partner, Ecuador, to be exhausted during the second quarter, requiring SLI to fund its pro rata share of capital expenditures. The company has yet to finalize its Definitive Feasibility Study (DFS) and customer offtake agreements, which are crucial for securing project debt and financing arrangements. There is uncertainty regarding the capital spend profile between now and the final investment decision (FID), which could impact financial planning. The royalty rate proposal for the Southwest Arkansas project may face objections, potentially delaying the approval process. SLI's future funding needs may require additional equity or structured finance, which could dilute existing shareholders. Q: Can you provide a little color on what the designation as a critical minerals project from the Trump administration means with respect to negotiations around off-take agreements and potential financing arrangements for Southwest Arkansas? A: The designation as a critical minerals project primarily ensures that the NEPA environmental review process or other federal regulatory issues will not constrain project funding. Additionally, being named a priority project by the White House increases global attention and confidence among potential downstream customers and financial institutions, enhancing negotiations for off-take agreements and financing arrangements. - David Park, Chief Executive Officer Q: Can you provide a little color on the capital spend runway for the SWA project with respect to the sources that you currently have, and will the carry in East Texas last through the end of 2025? A: The carry from Ecuador for East Texas is expected to run out by the end of the second quarter or early third quarter, after which Standard Lithium will need to fund its 55% share. For Southwest Arkansas, the capital stack is estimated at USD1.4 to USD1.5 billion, sourced from project debt, a USD225 million grant, and a potential USD40 million FID payment from Ecuador. Current cash and liquidity mechanisms should suffice for near-term needs. - Salah Gamoudi, Chief Financial Officer Q: With respect to the royalty application that was filed, do you anticipate any significant objections to the proposal, and did you work with major stakeholders in putting the current plan together? A: The royalty proposal of 2.5% for the rental's unit, which totals approximately 3% with the brine fee, is considered fair and generous. While some objections may arise, the proposal has been well deliberated with stakeholder consultation, and confidence is high that the commission will reach a favorable decision. - David Park, Chief Executive Officer Q: Is it your understanding or hope that this royalty rate would be a benchmark rate that could also apply to a phase two, or would that be a separate discussion? A: It is expected that the established royalty rate will serve as a strong precedent for future royalty discussions in the area. - David Park, Chief Executive Officer Q: Can you elaborate on the financial results for the first quarter, particularly the factors contributing to the reduced net loss? A: The net loss reduction to USD1.6 million from USD7.7 million is due to decreased SG&A expenses, demo plan expenses, and share-based compensation, alongside a gain from an increased carrying value of the equity investment in Aqualung carbon capture AS. These factors, combined with cost discipline and strategic financial management, have significantly reduced corporate cash burn. - Salah Gamoudi, Chief Financial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
The Market Online
24-04-2025
- Business
- The Market Online
Smackover Lithium JV approved for brine production in Arkansas
The Arkansas Oil and Gas Commission has unanimously approved a 20,854-hectare brine production unit for phase I of the South West Arkansas project The project is part of Smackover Lithium, a joint venture between Equinor and Standard Lithium (TSXV:SLI) Standard Lithium is a near-commercial lithium development company with a portfolio of large, high-grade lithium-brine properties in the United States Standard Lithium stock has added 31.82 per cent year-over-year and 212.31 per cent since 2020 The Arkansas Oil and Gas Commission (AOGC) has unanimously approved a 20,854-hectare brine production unit for phase I of the South West Arkansas project under Smackover Lithium, a joint venture between Equinor and Standard Lithium (TSXV:SLI). The unit, now formally known as the Reynolds unit, is expected to produce 22,500 tons of battery-quality lithium carbonate per year once it reaches commercial scale in 2028. The milestone follows a hearing open to all community stakeholders resulting in no objections. Smackover's assets include the East Texas project, which yielded North America's highest-ever reported lithium brine grade of 806 mg/L, and the South West Arkansas project, which houses a high-grade resource averaging 437 mg/L and was recently named as a Transparency Project under the Trump administration's move to strengthen domestic critical mineral production. Leadership insights 'We thank the AOGC for their due diligence in reviewing our application and for their swift approval,' Andy Robinson, Standard Lithium's president and chief operating officer, said in a statement. 'The establishment of the Reynolds brine unit is another key milestone our team has now successfully completed as we march towards a final investment decision for the South West Arkansas project, and also a necessary statutory requirement as we look to set a royalty for the unit in late May.' 'Gaining regulatory approval for our first brine unit is an important step in our project timeline. We look forward to working with the AOGC and community stakeholders to establish a competitive royalty rate for this unit and continue momentum with the South West Arkansas project,' added Allison Kennedy Thurmond, vice president of US lithium at Equinor. About Standard Lithium Standard Lithium is a near-commercial lithium development company with a portfolio of large, high-grade lithium-brine properties in the United States. Standard Lithium stock (TSXV:SLI) is up by 1.5 per cent trading at C$2.03 per share as of 9:44 am ET. The stock has added 31.82 per cent year-over-year and 212.31 per cent since 2020. Join the discussion: Find out what everybody's saying about this lithium stock on the Standard Lithium Ltd. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here. (Top image: Standard Lithium)
