Standard Lithium slides on $120 mln stock offering plans

Standard Lithium

16/10/2025 21:57

** U.S.-listed shares of Standard Lithium SLI.N down 17.3% at $4.46 in extended trading as it looks to raise equity

** Canadian near-commercial lithium producer announces $120 mln stock offering

** Co plans to use net offering proceeds to fund capex at its South West Arkansas project and Franklin project in East Texas, and for working capital and general corporate purposes

** Morgan Stanley and Evercore are co-lead bookrunners for offering

** Co has ~193.94 mln shares outstanding for about $1 bln market cap, per LSEG data

** SLI shares on Thurs finished up 5.3% at $5.39. Stock has risen 60% in Oct and has roughly quadrupled over the past six months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))