• Net Loss: $24.7 million for the three months ended December 31, 2024.

• Impairment Expense: $19.7 million due to the reduction of the carrying value of California properties to zero.

• General and Administrative Expenses: Reduced to approximately $2.7 million from $6.8 million quarter-over-quarter.

• Demonstration Plant Expenses: Decreased from approximately $2 million to $0.8 million.

• Management and Director Fees: Reduced from $1 million to $0.4 million.

• Working Capital: Approximately $27.5 million as of December 31, 2024.

• Cash Balance: Approximately $31.2 million at the end of 2024.

• Equinor Sole Funding: Development plans at East Texas and Southwest Arkansas are being sole funded up to $20 million and $40 million, respectively.

Release Date: March 28, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

• Standard Lithium Corp (SLI) has formed a strategic partnership with Equinor, which validates the quality of their team and resources.

• The company successfully closed a $225 million grant from the DOE, indicating strong governmental support for their Southwest Arkansas project.

• Lithium recovery at the Southwest Arkansas project exceeded design criteria, recovering over 99% of lithium from brine.

• The company has made significant progress in securing leases in East Texas, with plans to publish a maiden inferred resource report.

• Operational cost reductions have been achieved, with a near $6 million reduction in quarter-over-quarter burn rate.

• Standard Lithium Corp (SLI) reported a net loss of $24.7 million for the three months ended December 31, 2024, primarily due to an impairment of California assets.

• The company has reduced the carrying value of its California properties to zero, resulting in a $19.7 million impairment expense.

• Sole funding from Equinor for projects in East Texas and Southwest Arkansas is expected to run out next quarter, requiring Standard Lithium to start making capital contributions.

• There is continued uncertainty around pricing and demand in the lithium sector.

• The LANXESS project is not a current priority due to its relatively lesser grades and smaller scale compared to other projects.

Q: What are your views on the recent executive order by the US administration to increase American mineral production, and how might it benefit Standard Lithium? A: David Park, CEO, stated that the executive order is viewed positively as it could facilitate and speed up regulatory approvals for projects like theirs and potentially open up additional funding sources. However, it's too early to provide specific details on the benefits.