Standard Lithium Announces Early Loan Conversion



VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) – Standard Lithium Ltd. (“Standard lithium” or “Company“) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium product company, announced today that LANXESS Corporation (“Creditor”) I chose my credit line for early transformation in full ( “Loan”) previously transferred to the Company.

The loan conversion will allow the Company to strengthen its balance sheet by eliminating long-term debt and retain capital for ongoing development work on the project. The early conversion of the loan will also reduce interest costs and make the Lender a key shareholder.

The company issued 6,251,250 ordinary shares and 3,125,625 share purchase warrants (each, “Order”) To the Lender in connection with the conversion of the outstanding Loan and repaid the principal amount of the Loan in the amount of USD 3,750,000. Each warrant may be used to purchase an additional common share of the Company at a price of CAD 1.20 until June 10, 2024. For more information on the terms of the loan, readers are encouraged to consult the news release issued by the Company on October 30. , 2019.

About Standard Lithium Ltd.

Standard Lithium is an innovative lithium technology and development company. The company’s flagship project is located in southern Arkansas, where it is testing and proving the commercial viability of lithium mining from more than 150,000 acres of authorized brine operations. The company commissioned a first-of-its-kind commercial demonstration unit for direct lithium recovery at its southern Lanxess plant in southern Arkansas. The demonstration unit uses the company’s proprietary LiSTR technology to selectively recover lithium from Lanxess tail brine. The demonstration plant is used for proof of concept and commercial feasibility study. The scalable, environmentally friendly process eliminates the use of evaporation ponds, shortens processing times from months to hours, and dramatically increases efficient lithium recovery. The company is also developing over 30,000 acres of selected brine leases in southwest Arkansas and approximately 45,000 acres of mineral leases in the Mojave Desert in San Bernardino County, California.

Standard Lithium is listed on the TSX Venture Exchange under the ‘SLL’ trading symbol; quoted on the OTC market – international designation Nasdaq under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Visit the company’s website at

On behalf of the Board of Standard Lithium Ltd.

Robert Mintak, CEO and Director

For more information, contact Anthony Alvaro at (604) 240 4793.

Twitter @standardlithium


Neither TSX Venture Exchange nor its Regulatory Service Provider (as defined in the TSX Venture Exchange policy) is responsible for the adequacy or accuracy of this release. This press release may contain certain “forward-looking statements” pursuant to the US Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this press release, the words “expect”, “believe”, “estimate”, “expect”, “purpose”, “plan”, “predict”, “may”, “plan” and other similar words or expressions refer to forward-looking statements or information. These forward-looking statements or information may relate to future commodity prices, the accuracy of mineral or resource exploration, 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 lithium market, and its derivatives, changes in the cost of exploration and government regulation in Canada and the United States, and other factors or information. Such statements represent the current view of the Company regarding future events and are necessarily based on a number of assumptions and estimates that, although considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, unforeseen circumstances and uncertainties. Many factors, both known and unknown, can cause results, performance or achievements to differ materially from results, performance or achievements that are expressed, or may be expressed or implied by such forward-looking statements. The Company does not intend or assume any obligation to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information, except as required by applicable laws, regulations and regulations. acts.


Source link