SLI - Standard Lithium rebounds on rebuttal to Blue Orca short report

Standard Lithium (NYSE:SLI) +8.6% pre-market after plummeting 19% yesterday, saying the short seller report from Blue Orca Capital contains "numerous important inaccuracies and misunderstandings." The company says Blue Orca "misunderstands the scope of the data" reported to the Arkansas Oil and Gas Commission. Standard Lithium is "confident in its lithium extraction technology and Demonstration Plant and will maintain its focus on executing its strategic plans and progressing towards definitive feasibility and commercialization at the Lanxess facility." In its short report, Blue Orca says Standard Lithium is "massively overvalued" and that the "actual recovery rate" from the Arkansas facility is "magnitudes lower" than the company claims. In September, Blue Orca targeted Hyzon Motors in a short call.

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Standard Lithium rebounds on rebuttal to Blue Orca short report