SLI · AMEX · Industrial Materials

Standard Lithium

Develops battery-quality lithium carbonate projects from Smackover brines in Arkansas and Texas.

$2.57
After-hours close+0.02 (+0.98%)
At close$2.55(−3.60%)
Loading prices…

Profile

Standard Lithium Ltd.SLIMaterials

Develops battery-quality lithium carbonate projects by extracting lithium from Smackover brines in Arkansas and Texas. The pre-revenue business operates its flagship project with Equinor and depends on final investment decisions, project financing, technology licensing and construction.

Develops battery-quality lithium carbonate projects from subsurface brines in the Smackover Formation, centered on South West Arkansas and a growing northeast-Texas position. Its model pairs direct lithium extraction with purification and conversion, returning depleted brine underground rather than relying on hard-rock mining or evaporation ponds.

Operates a demonstration plant near El Dorado, Arkansas, where it tests extraction and purification, improves water use and sorbent life, trains operators, and qualifies material with customers. The South West Arkansas project is developed through a jointly controlled partnership with Equinor, while a technology licence underpins the commercial process design.

Remains pre-revenue with no producing property. South West Arkansas has completed key engineering and federal environmental review steps, but still depends on customer offtake, project financing, partner alignment, regulatory approvals, contracted construction and successful scale-up.

Company facts

CEODavid Park
ListedJul 13, 2021
ExchangeAMEX
HeadquartersVancouver, Canada
CountryCanada
Employees53
CIK0001537137
ISINCA8536061010

Key statistics

Market cap$621.8M
EPS (ttm)−$0.1087
P/E (ttm)−23.46
ROE-14.5%
P/B1.69
P/S0.00
Dividend yield
Beta2.09vs XLB 0.51

Year to date −46.8% · Average volume (30d) 1.7M

Analysts

Price target, next 12 months$4.75+86.3%Median of 3 analysts · vs the Aug 28 close
ConsensusBuy3 of 3 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionTarget
Apr 29, 2026Evercore ISITarget$4.75

Earnings

EPS

Estimate−$0.02
ReportedDue Nov 5, 2026

Revenue

Estimate
ReportedDue Nov 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 6, 2026−$0.01−$0.01+32.6%+0.89%
May 11, 2026Q3 FY26−$0.02−$0.01+50.0%+5.34%
Mar 30, 2026Q4 FY26−$0.01−$0.04−300.0%$25.8M+5.57%
Nov 10, 2025Q1 FY26−$0.03−$0.030.0%$25.8M−10.39%
View details

Financial highlights

12 quartersQ3 FY25Q4 FY25Q1 FY26Q4 FY26Q2 FY26Q3 FY26
Revenue$0$0$0$0$0$0
Gross profit$0$0$0−$1.4M$0$0
Operating income$5.1M$6.6M$6.2M$8.6M$9.6M$3.0M
Net income−$1.6M−$5.0M−$6.1M−$3.8M−$35.7M−$2.7M
Diluted EPS−$0.01−$0.03−$0.03−$0.04−$0.15−$0.01
Gross margin
Operating margin

Fiscal years (4-quarter sums)FY24 $0 · FY25 $0 · FY26 $0

Balance sheet, Mar 31, 2026Cash & short-term investments $142.6M · Total debt $212.7K · Total assets $392.3M · Shareholders' equity $363.7M

Dividends

No dividends on record.

Ownership

Institutions 26.27%Insiders

Shares outstanding 243.86M · Float 222.98M · 91.4% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Van Eck Associates Corp15.94M6.53%13FAug 14, 2026
Koch, Inc.13.48M5.53%13FAug 13, 2026
FMR LLC4.78M1.96%13FAug 13, 2026
Merewether Investment Management, LP4.06M1.66%13FAug 14, 2026
Morgan Stanley2.16M0.88%13FAug 13, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

  • ExxonMobil

    Smackover brine and battery-grade lithium-carbonate challenger.

  • Chevron

    Smackover acreage and planned DLE lithium challenger.

  • Albemarle

    Arkansas brines and established lithium-chemicals challenger.

  • TETRA Technologies

    Adjacent Arkansas brine-rights and lithium-project challenger.

  • SLB

    End-to-end DLE process and lithium-product technology peer.

CompareAfter-hours close

CompanyPriceChange
Standard Lithium$2.57+0.98%$621.8M
ExxonMobil$156.80+0.08%$649.44B20.213.21.8+46.0%
Chevron$204.35+1.24%$402.06B19.413.21.9+57.9%
Albemarle$137.96+0.45%$16.20B13.92.7+31.1%
TETRA Technologies$6.77−0.64%$995.6M132.522.21.6+6.8%
SLB$57.61+0.50%$85.09B28.020.22.3+5.0%
Median24.113.91.9+31.1%