Standard Lithium arranges $120-million public offering

Executive Summary

• Standard Lithium Ltd. has announced a proposed underwritten public offering of common shares with a target size of $120 million.
• The offering is subject to market conditions and regulatory approvals, with no assurance that it will be completed or as to the final size and terms.
• Net proceeds are intended to fund capital expenditures at the South West Arkansas and Franklin projects, as well as for working capital and general corporate purposes.

Key Details

• Offering Size: $120 million in common shares.
• Underwriters: Morgan Stanley and Evercore ISI serving as co-lead book-running managers; BMO Capital Markets serving as a book-running manager.
• Over-Allotment Option: The company expects to grant underwriters a 30-day option to purchase up to an additional 15% of the common shares sold at the public offering price.
• Use of Proceeds: Financing capital expenditures at the South West Arkansas project (Arkansas) and the Franklin project (eastern Texas), plus working capital and general corporate purposes.
• Regulatory Filings: Preliminary prospectus supplements filed with securities commissions in all Canadian provinces/territories (except Quebec) and a preliminary prospectus supplement filed with the U.S. SEC under Form F-10.
• Jurisdictions: The offering is being made in the United States and all Canadian provinces and territories except Quebec.

Notable Quotes

• No direct quotes from management were included in the provided text.