Standard Lithium Ltd. (SLI) is a novel lithium development enterprise. The flagship project of the company is focused on the verification of the commercial feasibility of the extraction of lithium. The Company operates an industrial-level direct lithium extraction demonstration plant that utilizes the exclusive LiSTR technology.
The price of SLI stock during the regular trading on February 3, 2022 was $5.29 with a 27.2% decline. At last check in the premarket on February 4, 2022, the stock jumped by 11.1%.
SLI: Events and Happenings
On February 03, 2022, SLI issued a statement, responding to the misleading report from Hindenburg Research. The company maintains that the report clearly benefitted Hindenburg Research, which disclosed that SLI stands to profit in the event that its price of stock declines. The company also cautioned the investors to consult its SEC filings before making investment decisions.
On January 25, 2022, SLI signed an LOI with Koch Minerals and Trading for the acquisition of lithium off-take and obtaining the crucial raw materials. A market-based pricing mechanism is developed after the deal to obtain lithium hydroxide. On January 20, 2022, SLI updated on the developments of its crucial pipeline projects. On January 06, 2022, SLI’s management presented at the Virtual Bank of America Securities Battery and Storage Conference on January 10, 2022.
On December 15, 2021, SLI informed about signing the LOI with Koch Engineered Solutions to help with pre-front end engineering strategy at its planned pioneer commercial project. On December 01, 2021, SLI informed that KIG’s subsidiary had accomplished a $100 million investment in the company via direct private placement. The investment will support the developmental goals of the company.
SLI: Key Financials
On November 12, 2021, SLI released its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.
Assets
Total current assets in the quarter were recorded to be Canadian $26 million.
EPS
Net Loss in the quarter of 2021 was reported to be Canadian $9.35 million compared to Canadian $2.78 million in the same period in 2020. The company missed the estimated EPS by USD0.02 as assessed by the financial experts.
Conclusion
SLI stock outperformed in the previous year by a big margin of 70%. The company’s stock plunged in the regular trading and then afterwards, the stock rebound in the premarket due to the recent release by the company commenting on the short-seller report. The company’s management was optimistic that the investors will not trust the false allegations and will put their trust in the company’s policies.
