Recent Updates — SLI

Standard Lithium filed a NI 43-101 technical report disclosing the results of a preliminary economic assessment (PEA) for its Franklin Project in East Texas. The project, developed through the Smackover Lithium partnership with Equinor, targets approximately 70,000 tonnes per annum of battery-quality lithium carbonate from the Smackover Formation brine reservoirs. The PEA indicates an after-tax net present value (NPV) of $5.9 billion at an 8% discount rate and an internal rate of return (IRR) of 24.0%, with a payback period of 3.1 years. Initial capital costs are estimated at $3,496 million, while average operating costs are projected at $4,226 per tonne of lithium carbonate. The assessment also outlines an opportunity to produce approximately 50,000 tonnes per annum of elemental bromine as a secondary revenue stream. Standard Lithium is a developer focused on extracting lithium and other minerals from brine reservoirs in the United States.

Standard Lithium and partner Equinor filed a Preliminary Economic Assessment (PEA) for the Franklin lithium brine project in East Texas, recommending advancement to a Preliminary Feasibility Study. The study outlines an annual production capacity of up to 70,000 tonnes of battery-quality lithium carbonate over a 20-year life, with initial production targeted for the early 2030s. Key economic metrics include an unlevered pre-tax net present value (NPV) of $5.9 billion, an internal rate of return (IRR) of 25.7%, and a three-year payback period. The project features high-grade brine with average lithium concentrations of 515 mg/L and average annual cash operating costs of $4,226 per tonne. Standard Lithium holds a 55% economic interest in the partnership.

Smackover Lithium, a partnership between Standard Lithium and Equinor, amended its binding commercial offtake agreement with Trafigura Trading LLC. The amendment increases the maximum possible volumes deliverable on a take-or-pay basis to 12,000 metric tonnes of battery-quality lithium carbonate per year, up from an initial commitment of 8,000 metric tonnes. This addition brings total possible commitments to 20,000 metric tonnes annually, exceeding the project's target and supporting efforts to finalize a $1.1 billion debt financing package for the South West Arkansas Project. Separately, Standard Lithium appointed Ralph Alexander as an independent board member effective immediately.

Standard Lithium appointed Ralph Alexander as an independent member of its Board of Directors, effective immediately. The company granted Mr. Alexander 300,000 incentive stock options that vest immediately and are exercisable for 60 months at the NYSE American closing price on the grant date. Mr. Alexander brings over four decades of leadership experience in the global energy, chemicals, power, and infrastructure sectors, having previously served as CEO of Talen Energy Corporation and holding executive roles at BP plc. Standard Lithium is a near-commercial lithium development company focused on sustainable production from large-scale brine properties in the United States.

Standard Lithium issued 107,631 common shares at an average price of US$2.78 on the NYSE American during the quarter ended September 30, 2026, raising gross proceeds of US$299,569 under its ATM program. The company paid US$7,495 in commissions and fees to agents Canaccord Genuity and Evercore ISI. Standard Lithium is a near-commercial lithium development company focused on sustainable direct lithium extraction from brine resources in the United States.

Standard Lithium Ltd., through its Smackover Lithium partnership with Equinor, amended its binding offtake agreement with Trafigura to include an option for up to an additional 4,000 metric tonnes per year of battery-quality lithium carbonate. This brings the maximum potential volume under the Trafigura contract to 12,000 metric tonnes annually over a ten-year term. Combined with a separate take-or-pay agreement with LG Energy Solution for 8,000 metric tonnes per year, total customer commitments now reach 20,000 metric tonnes per year, exceeding the project's initial target of securing off-take for approximately 80% of its 22,500-tonne nameplate capacity. These commitments provide sufficient backing to finalize a targeted $1.1 billion senior secured debt financing package with three major Export Credit Agencies. The company aims to make a Final Investment Decision later this year and begin construction, targeting first commercial production in 2029. Standard Lithium Ltd. is a lithium development company focused on sustainable direct lithium extraction from brine resources in the United States.