On November 17, 2023, Standard Lithium Ltd. (SLI) launched and closed an at-the-market (ATM) equity offering of up to US$50 million (approximately C$68.75 million) in common shares, based on the exchange rate of C$1.375 per US dollar at the time. The proceeds were allocated to advancing the South West Arkansas Project, the Lanxess Property Project, expansion in East Texas, and general corporate purposes. Shares were sold at prevailing market prices on the TSX Venture Exchange and NYSE American through agents Canaccord Genuity Corp. in Canada and Canaccord Genuity LLC and Citigroup Global Markets Inc. in the United States. The agents earned a 3% placement fee on gross proceeds.

Legal counsel for Standard Lithium included Cassels Brock & Blackwell LLP (Canada) and Skadden, Arps, Slate, Meagher & Flom LLP (U.S.). Legal counsel for the agents included DLA Piper (Canada) LLP (Canada) and Latham & Watkins LLP (U.S.). Offering-related expenses, excluding agent compensation, were estimated at C$750,000.

The offering provided operational flexibility to Standard Lithium, supporting its innovative lithium extraction technologies to meet growing demand in the electric vehicle and energy storage sectors. The transaction aligned with the company's focus on developing sustainable lithium-brine extraction methods.