Koch Strategic Platforms invests $ 100 million in Standard Lithium (SLI)


Standard Lithium (SLI) has just announced that Koch Strategic Platforms (KSP) will invest US $ 100 million in Standard Lithium to help meet the company’s strategic development goals.

As of 9:44 a.m. EST today, SLI shares were up 6.37% in value.

US $ 100 million direct private placement investment

The terms of Koch Strategic Platforms’ direct investment in SLI will see KSP “subscribe for 13,480,083 common shares of Standard Lithium at a price of CA $ 9.43 (US $ 7.42) per share for gross proceeds to Standard Lithium of CA $ 127,070,000 (US $ 100,000,000). “

Explore strategic opportunities

This investment agreement will also see Standard Lithium and several subsidiaries of Koch Industries explore strategic opportunities for collaboration in “several key areas”, including possible cooperation with Koch Engineered Solutions, as well as with Koch Minerals & Trading.

CEO comments

“We are entering an important phase for Standard Lithium and we are delighted to start it with a globally recognized industry leader such as Koch Strategic Platforms as a partner,” said Robert Mintak, CEO of Standard Lithium, in a press release. “KSP has an impressive track record of investing in disruptive technologies and their support is an important company endorsement. [SLI] core technology, development plans and our intention to make the Gulf region a leading supplier of lithium resources.

SLI has a Long Term Technical Rank of 69. Find out what that means to you and get the rest of the Rank on SLI!

Standard Lithium Corp is engaged in the exploration and development of lithium brine properties in the United States. The Company is focused on the exploration and development of the Arkansas Lithium project located in south-central Arkansas. His other projects include the Lanxess Project, the Tetra Project and the Bristol Dry Lake Project.

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