Standard Lithium Ltd. (TSXV: SLI) (NYSE.A: SLI) announced that it has closed a previously announced underwritten public offering, issuing 29,885,057 common shares at an issue price of US$4.35 per share. The transaction generated aggregate gross proceeds of approximately US$130 million, representing a significant capital infusion for the company.
The proceeds will be allocated to fund capital expenditures at the Southwest Arkansas Project and the Franklin Project in East Texas, as well as to support working capital and general corporate purposes. This financing strengthens Standard Lithium’s balance sheet and provides the necessary resources to advance its near‑commercial lithium development initiatives.
The offering was conducted through a syndicate of underwriters led by Morgan Stanley and Evercore ISI, with additional participation from BMO Capital Markets, Canaccord Genuity, Raymond James, Roth Capital Partners and Stifel. The company also granted the underwriters an option to purchase up to 4,482,758 additional shares at the issue price, exercisable for up to 30 days after closing.
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