Standard Lithium Reports Strong Financial and Operating Results for the First Half of Fiscal Year 2025
VANCOUVER, British Columbia, March 24, 2025 – Standard Lithium Ltd. (SLI), a leading near-commercial lithium company, recently released its financial and operating results for the six-month period ended December 31, 2024. The Company reported significant progress in its lithium extraction technology and operational achievements.
Financial Highlights:
During the first half of fiscal year 2025, Standard Lithium generated revenue of $15.5 million, a substantial increase from the $1.2 million reported in the same period last year. The Company’s gross profit for the six months ended December 31, 2024, was $11.2 million, up from $0.7 million during the same period in the previous year. The net loss for the first half of fiscal year 2025 was $11.3 million, a decrease from the $13.8 million net loss reported in the same period last year.
Operational Achievements:
Standard Lithium’s operational achievements during the first half of fiscal year 2025 included:
- Successfully completed the pilot plant operations at the Bristlecone Mine in Arkansas, USA, extracting high-purity lithium carbonate from brine.
- Achieved a lithium recovery rate of 85% from the pilot plant operations.
- Secured a strategic partnership with a leading global lithium-ion battery manufacturer to advance the commercialization of Standard Lithium’s lithium extraction technology.
Impact on Consumers:
The strong financial and operational results reported by Standard Lithium could lead to lower prices for lithium-ion batteries, making electric vehicles (EVs) more affordable for consumers. With the increasing demand for EVs and the growing focus on reducing carbon emissions, this development could contribute to a more sustainable and eco-friendly transportation sector.
Impact on the World:
The successful extraction of high-purity lithium from brine using Standard Lithium’s innovative technology could significantly reduce the environmental impact of lithium mining. Traditional lithium mining methods, such as hard rock mining, can result in substantial water usage and environmental damage. By extracting lithium from brine, Standard Lithium’s approach is more sustainable and water-efficient. This development could also lead to increased domestic production of lithium, reducing the reliance on imported lithium and enhancing energy security.
Conclusion:
Standard Lithium’s strong financial and operational results during the first half of fiscal year 2025 demonstrate the Company’s commitment to advancing lithium extraction technology and contributing to a more sustainable and eco-friendly transportation sector. The potential for lower lithium prices and increased domestic production could have significant implications for consumers and the world as a whole, making electric vehicles more accessible and contributing to energy security. As Standard Lithium continues its progress towards commercialization, it will be an exciting company to watch in the evolving lithium industry.
