SLI - Standard Lithium taps BNP Paribas as lead debt advisor for commercial project

2023-05-30 15:17:29 ET

Standard Lithium ( NYSE: SLI ) +7.9% in Tuesday's trading after the company said it signed a mandate with BNP Paribas to act as exclusive financial advisor to the company in connection with limited recourse debt financing.

Standard Lithium ( SLI ) said the debt financing will be used to fund most of its proposed first commercial project, the Lanxess 1A Project in Arkansas.

"As we move towards commercialization, we have kicked off the necessary financial processes to ensure the most capital efficient way to fund our first full-scale project," Standard Lithium ( SLI ) President Andy Robinson said, referring to Lanxess 1A.

Standard Lithium ( SLI ) stock rose last week after the company said it drilled and sampled " the highest confirmed lithium grade brine in Arkansas ," at its South West Arkansas project.

More on Standard Lithium:

• Financial and valuation comparison to sector peers
• Analysis: Standard Lithium: Chasing $437 Billion
• Stock price return: Up 44% YTD, down 30% in the past 12 months

For further details see: