Standard Lithium Raises US$8.5 Million Through ATM Share Sales

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2026.01.10 02:08
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Standard Lithium Ltd (TSE:SLI) has raised approximately US$8.54 million through the sale of 1,880,935 shares at an average price of US$4.54 as part of its at-the-market equity program. The company aims to strengthen its balance sheet while advancing its U.S. lithium-brine projects towards commercial production. Analysts currently rate SLI stock as a Hold with a price target of C$6.50, citing weak financial performance despite a strong low-debt balance sheet. Standard Lithium focuses on developing high-grade lithium-brine properties in the U.S.