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On the cusp of an electric vehicle revolution that could expand the market for lithium fivefold over the next 10 years, CEO Robert Mintak of Standard Lithium Ltd. is right where he wants to be.
Standard Lithium Ltd. (“
Standard Lithium” or the “
Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, announced today that LANXESS Corporation (the “
Lender”) has elected for the early conversion in full of its loan facility (the
“Loan”) previously advanced to the Company.
Conversion of the Loan will allow the Company to strengthen its balance sheet with the elimination of long-term debt and conserve capital for ongoing project development work. The early conversion of the Loan will also reduce interest expense and positions the Lender as a key shareholder.
The Company has issued 6,251,250 common shares, and 3,125,625 share purchase warrants (each, a “
VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, announced today that LANXESS Corporation (the “Lender”) has elected for the early conversion in full of its loan facility (the “Loan”) previously advanced to the Company. Conversion of the Loan will allow the Company to strengthen its balance sheet with the elimination of
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