Standard Lithium Files Preliminary Base Shelf Prospectus
August 20 2021 - 5:44PM
Standard Lithium Ltd. (“
Standard Lithium” or the
“
Company”) (TSXV: SLI) (NYSE American: SLI) (FRA:
S5L), an innovative technology and lithium project development
company, announces that it has filed a preliminary short form base
shelf prospectus (the “
Shelf Prospectus”) with
securities regulators in each of the provinces of Canada,
except Quebec.
The Shelf Prospectus has not yet become final
for the purpose of the sale of securities. When final, the Shelf
Prospectus would allow the Company to make offerings of up to
US$250,000,000 of common shares, preferred shares, warrants,
subscription receipts, units, debt securities, or any combination
thereof, from time to time over a 25-month period. The specific
terms of any future offering of securities (if any) will be set
forth in a supplement to the Shelf Prospectus. The Company has
filed the Shelf prospectus for future financial flexibility and has
no immediate intentions to undertake an offering. As reported in
its quarterly financial statements for the period ending March 31,
2021, the Company had a cash position of C$30.26 million and is
debt free with the early conversion of a loan facility by LANXESS
Corporation. Management believes the filing of the Shelf Prospectus
provides the Company with flexibility to pursue various strategic
initiatives in accordance with the Company's growth strategy.
Robert Mintak, Chief Executive Officer of the
Company, commented “The Company has consistently demonstrated a
disciplined approach to capital allocation and is well funded for
our upcoming milestones with no immediate plans to raise capital
through this filing. With our recent listing to the NYSE American
the filing of the Shelf Prospectus is a natural step for the
Company.”
In connection with finalization of the Shelf
Prospectus, the Company intends to file a corresponding
registration statement on Form F–10 with the United States
Securities and Exchange Commission in accordance with the
Multijurisdictional Disclosure System established between Canada
and the United States.
This news release shall not constitute an offer
to sell, or a solicitation of an offer to buy, any securities nor
shall there be any sale of securities in any jurisdiction in which
an offer, solicitation or sale would be unlawful prior to
registration or qualifications under the securities laws of any
such jurisdiction.
A copy of the Shelf Prospectus is available
under the profile for the Company on SEDAR (www.sedar.com).
About Standard Lithium Ltd.
Standard Lithium is an innovative technology and
lithium development company. 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. The Company has
commissioned its first-of-a-kind industrial-scale direct lithium
extraction demonstration plant at Lanxess's south plant facility in
southern Arkansas. The demonstration plant utilizes the Company's
proprietary LiSTR technology to selectively extract lithium from
Lanxess's tail brine. The demonstration plant is being used for
proof-of-concept and commercial feasibility studies. The scalable,
environmentally friendly process eliminates the use of evaporation
ponds, reduces processing time from months to hours and greatly
increases the effective recovery of lithium. The Company is also
pursuing the resource development of over 30,000 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.
Standard Lithium is listed on the TSX Venture
Exchange and the NYSE American under the trading symbol “SLI”; and
on the Frankfurt Stock Exchange under the symbol “S5L”. Please
visit the Company’s website at www.standardlithium.com.
On behalf of the Board of Standard Lithium Ltd.
Robert Mintak, CEO & Director
For further information, contact Anthony Alvaro at (604) 240
4793
Twitter @standardlithium
LinkedIn https://www.linkedin.com/company/standard-lithium/
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. This news release may contain
certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information may
relate to timing, size and type of future offerings under the Shelf
Prospectus (if any), future prices of commodities, accuracy of
mineral or resource exploration activity, reserves or resources,
regulatory or government requirements or approvals, the reliability
of third party information, continued access to mineral properties
or infrastructure, fluctuations in the market for lithium and its
derivatives, changes in exploration costs and government regulation
in Canada and the United States, and other factors or information.
Such statements represent the Company’s current views with respect
to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and
uncertainties. Many factors, both known and unknown, could cause
results, performance or achievements to be materially different
from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affections such statements and information other than as
required by applicable laws, rules and regulations.
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