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The latest update is out from Standard Lithium Ltd ( (TSE:SLI) ).
Smackover Lithium, a joint venture between Standard Lithium Ltd and Equinor, has announced a maiden inferred resource for its Franklin Project in East Texas, revealing significant brine resources with high lithium grades. The project marks a crucial step towards producing over 100,000 tonnes of lithium chemicals annually in Texas. The report highlights the project’s potential to produce critical minerals like lithium carbonate, potash, and bromide, enhancing the company’s asset portfolio and positioning it for future growth in the lithium market.
The most recent analyst rating on (TSE:SLI) stock is a Buy with a C$5.25 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.
Spark’s Take on TSE:SLI Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLI is a Neutral.
Standard Lithium Ltd’s overall stock score reflects significant financial challenges, including lack of revenue and reliance on external funding. Despite this, strategic partnerships and technological advancements provide a cautiously optimistic outlook. Technical indicators suggest neutral to mild downward momentum, while recent corporate events highlight potential future growth.
To see Spark’s full report on TSE:SLI stock, click here.
More about Standard Lithium Ltd
Standard Lithium Ltd is a company operating in the lithium industry, focusing on the extraction and production of lithium chemicals. It is involved in joint ventures, such as Smackover Lithium, to develop lithium projects in North America, particularly in Texas and Arkansas. The company aims to leverage high-quality brine resources to achieve significant production levels of lithium chemicals.
Average Trading Volume: 194,319
Technical Sentiment Signal: Buy
Current Market Cap: C$889.6M
Find detailed analytics on SLI stock on TipRanks’ Stock Analysis page.