Standard Lithium Receives Approval to List on NYSE American
July 08 2021 - 9:00AM
Standard Lithium Ltd. (“
Standard
Lithium” or the “
Company”) (TSXV: SLL)
(OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium
project development company, announces that it has received
approval to list its outstanding common shares on the NYSE
American, LLC (the “
NYSE American”).
Trading is expected to commence on the NYSE
American at the open of markets on July 13, 2021 under the ticker
symbol “SLI”. Trading on the OTCQX will cease concurrent with the
NYSE American listing. The common shares of the Company will
continue to trade on the TSX Venture Exchange under the new ticker
symbol “SLI” concurrent with the NYSE American listing.
Robert Mintak, Chief Executive Officer of the
Company, stated: “We are pleased to announce and privileged to
receive approval for Standard Lithium to be listed on the NYSE
American. This is a significant achievement for the Company. We
believe the listing will greatly enhance Standard Lithium’s profile
with US capital markets, increasing exposure to a larger and more
diverse group of institutional and retail investors. It is also
important to highlight that we achieved this milestone without a
share consolidation.”
Dr Andy Robinson, President and Chief Operating
Officer said: “This is an important step-up for Standard Lithium.
Our team is working hard to becoming the next lithium producer in
the United States while also demonstrating that with the right
approach, extraction and sustainability are not exclusive of each
other. This listing on the NYSE is a crucial step in growing the
Company and will help us in hitting the important project and
corporate goals over the coming quarters.”
Existing shareholders of the Company are not
required to take any action in connection with the change in ticker
symbol or the listing on NYSE American. Shareholders trading on the
existing OTCQB platform will be able to trade on the NYSE American
following completion of the listing.
About Standard Lithium Ltd.
Standard Lithium is an innovative technology and
lithium development company. The Company's flagship project is
located in southern Arkansas, where it is engaged in the testing
and proving of the commercial viability of lithium extraction from
over 150,000 acres of permitted brine operations. The Company has
commissioned its first-of-a-kind industrial-scale direct lithium
extraction demonstration plant at Lanxess's south plant facility in
southern Arkansas. The demonstration plant utilizes the company's
proprietary LiSTR technology to selectively extract lithium from
Lanxess's tail brine. The demonstration plant is being used for
proof-of-concept and commercial feasibility studies. The scalable,
environmentally friendly process eliminates the use of evaporation
ponds, reduces processing time from months to hours and greatly
increases the effective recovery of lithium. The company is also
pursuing the resource development of over 30,000 acres of separate
brine leases located in southwestern Arkansas and approximately
45,000 acres of mineral leases located in the Mojave Desert in San
Bernardino county, California.
Standard Lithium is listed on the TSX Venture
Exchange under the trading symbol “SLL”; quoted on the OTC - Nasdaq
Intl Designation under the symbol “STLHF”; and on the Frankfurt
Stock Exchange under the symbol “S5L”. Please visit the Company’s
website at www.standardlithium.com.
On behalf of the Board of Standard Lithium Ltd.
Robert Mintak, CEO & Director
For further information, contact Anthony Alvaro at (604) 240
4793
Twitter @standardlithium
LinkedIn https://www.linkedin.com/company/standard-lithium/
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. This news release may contain
certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information may
relate to future prices of commodities, accuracy of mineral or
resource exploration activity, 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 market for lithium and its
derivatives, changes in exploration costs and government regulation
in Canada and the United States, and other factors or information.
Such statements represent the Company’s current views with respect
to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and
uncertainties. Many factors, both known and unknown, could cause
results, performance or achievements to be materially different
from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affections such statements and information other than as
required by applicable laws, rules and regulations.
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