Standard Lithium (SLI)
Develops battery-quality lithium carbonate projects from Smackover brines in Arkansas and Texas.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 2, 2026 | Jefferies | Initiate | Rating: —Target: — | Target: $2.90 |
| Apr 29, 2026 | Evercore ISI | Target | Target: — | Target: $4.75 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Mar 31, 2026Cash & short-term investments $142.6M · Total debt $212.7K · Total assets $392.3M · Shareholders' equity $363.7M
- Revenue
- $0
- Operating income
- $3.0M
- Net income
- −$2.7M
No dividends on record.
| Institutions | 26.27% | 64.06M shares | |
|---|---|---|---|
| 141 holders · as of Jun 30, 2026 | |||
| Other | 73.73% | 179.79M shares | |
| remainder | |||
243.86M company shares as of Sep 18, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 6.53% | 15.94M | as of Jun 30, 2026 |
Koch, Inc.Institution | 5.53% | 13.48M | as of Jun 30, 2026 |
FMR LLCInstitution | 1.96% | 4.78M | as of Jun 30, 2026 |
Merewether Investment Management, LPInstitution | 1.66% | 4.06M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.88% | 2.16M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Standard Lithium | $2.13 | −0.03% | $519.4M | — | — | — | — |
| ExxonMobil | $159.10 | +0.51% | $656.48B | 20.4 | 12.9 | 1.8 | +46.0% |
| Chevron | $203.66 | −0.00% | $405.85B | 19.5 | 12.8 | 1.9 | +57.9% |
| Albemarle | $113.63 | +0.63% | $13.32B | — | 11.5 | 2.3 | +31.1% |
| TETRA Technologies | $6.04 | −0.82% | $890.4M | 118.5 | 22.0 | 1.4 | +6.8% |
| SLB | $52.68 | +1.77% | $76.82B | 25.2 | 18.6 | 2.1 | +5.0% |
| Median | 22.8 | 12.9 | 1.9 | +31.1% |