Latest news with #StandardLithium
Yahoo
21 hours ago
- Business
- Yahoo
Why Standard Lithium Stock Lit Up Today
Raymond James initiated coverage of Standard Lithium stock late Thursday afternoon with an outperform rating. The financial services company thinks Standard Lithium stock will be worth $2.75 per share in 12 months -- but it already trades higher than that. Either Raymond James' buy recommendation or its target price -- or both -- make no sense. 10 stocks we like better than Standard Lithium › Lithium mining hopeful Standard Lithium (NYSEMKT: SLI) -- it's too early to call it a "lithium miner," as it has yet to actually start extracting the mineral -- was trading 6% higher as of 11:25 a.m. ET Friday as investors rushed to buy the stock. And why did they do that? Because Raymond James told them to. After the close of trading Thursday, investment bank Raymond James initiated coverage of Standard Lithium with an outperform rating, as reports, and with a curious 12-month price target of $2.75. "SLI is a leader in Direct Lithium Extraction ... focused on advancing its portfolio of lithium-brine projects in the United States," wrote Raymond James analyst Daniel Magder. "While still in the development stage, we believe SLI offers investors good exposure to lithium." So this is a long-term play on lithium demand growing over time, and on Standard Lithium becoming a company that can help meet that demand. But here's the thing: Despite telling investors Standard Lithium will outperform the stock market, Raymond James valued the stock at only $2.75 per share. Standard Lithium stock was already trading at $2.71 per share when the analyst published his view, and it costs $2.88 per share after Friday morning's run-up. What confuses me is why Raymond James would recommend buying a stock when it had -- at the time of that recommendation -- less than 2% potential upside over the next 12 months based on the analyst's own calculations. It just doesn't make sense to me, especially knowing that Standard Lithium is unprofitable, and that there are profitable lithium companies like Albemarle, SQM, and Rio Tinto for investors to choose from. My advice is to avoid Standard Lithium and buy one of its profitable rivals instead. Before you buy stock in Standard Lithium, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Standard Lithium wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,432!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,854!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Standard Lithium Stock Lit Up Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Why Standard Lithium Stock Is Soaring Today
The Department of Defense acquired a major stake in MP Materials, a mining company operating in the U.S. Stocks across the industry moved higher in the hopes that more deals would be coming. 10 stocks we like better than Standard Lithium › Shares of Standard Lithium (NYSEMKT: SLI) jumped on Thursday, finishing the day up 11.7%. The rise came as the S&P 500 (SNPINDEX: ^GSPC) gained 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was flat. Standard Lithium moved higher alongside much of the industry after MP Materials announced it had inked a major deal with the Department of Defense (DoD). MP, which owns the sole operating rare earth mine in the US, announced this morning that the Pentagon is purchasing $400 million worth of shares in the company. The DoD is now the largest shareholder, controlling more than 15% and nearly twice that of CEO James Litinsky and BlackRock Advisors. The Trump administration has been considering direct investment in domestic mining in order to shore up critical security and defense supply chains. Investors across the industry were hopeful that more deals such as this would follow, leading to today's rise in Standard Lithium stock. There are no guarantees that the Pentagon will follow up with more deals such as this, and even if it does, there's certainly no guarantee that Standard Lithium would be one of the company's choices. Given that it is Canadian-owned, I would venture to guess it won't. The company is still pre-revenue, and only investors without particularly high risk tolerance should consider investing. Still, the company's Arkansas project was designated as a "Priority Transparency Critical Mineral Project" in the Trump administration's executive order. It would seem that even if it doesn't get a direct investment, it is seen favorably by the administration. Before you buy stock in Standard Lithium, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Standard Lithium wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool recommends MP Materials. The Motley Fool has a disclosure policy. Why Standard Lithium Stock Is Soaring Today was originally published by The Motley Fool
Yahoo
3 days ago
- Business
- Yahoo
GM-backed EnergyX buys lithium-rich acreage in US Smackover formation
(Reuters) -EnergyX, the lithium technology startup backed by General Motors, has bought 35,000 acres in the Smackover formation from Pantera Lithium, the latest deal for access to the U.S. brine formation teeming with supplies of the battery metal. The deal boosts the holdings of privately held EnergyX to roughly 47,500 acres in the Smackover, an underground geological formation stretching from Florida to Texas filled with lithium-rich brine. It also underscores the growing interest in boosting U.S. production of the metal despite low market prices. Chevron in recent weeks has bought Smackover acreage, joining Exxon Mobil, Albemarle, Standard Lithium and others with holdings in the region. Analysts estimate the Smackover could contain more than 4 million metric tons of lithium, enough to make millions of electric vehicles and other electronic devices. EnergyX's A$40 million ($26.1 million) agreement to buy the acreage in southern Arkansas from Australia-based Pantera includes A$6 million in cash as well as roughly 2.3 million shares in EnergyX that the companies are valuing at A$14.50 ($9.47) each. EnergyX, which is controlled by CEO Teague Egan, has discussed a public listing in the past. Pantera, which itself had first agreed to buy the acreage in 2023, will be a minority shareholder in EnergyX after the deal closes, expected later this year. EnergyX is also building a lithium refinery in nearby Texas that will process lithium from the Smackover brine. The company aims to be producing 12,500 metric tons of lithium per year by 2028 and 30,000 metric tons per year by 2030. GM, which led a $50 million financing round for the company in 2023, has the right of first refusal to buy lithium from any project that EnergyX develops. All of the companies aiming to extract lithium from the Smackover will need to use direct lithium extraction (DLE), something that has never been done before at commercial scale. EnergyX will also have to apply for a lithium royalty rate from Arkansas officials, who in recent weeks have approved rates for nearby lithium projects from Exxon and Standard Lithium. EnergyX tried unsuccessfully last year to buy Galan Lithium's assets in Argentina. A consortium led by South Korean conglomerate Posco Holdings is an EnergyX investor. EnergyX is also developing a lithium project in northern Chile. ($1 = 1.5328 Australian dollars) 登入存取你的投資組合
Yahoo
3 days ago
- Business
- Yahoo
GM-backed EnergyX buys lithium-rich acreage in US Smackover formation
(Reuters) -EnergyX, the lithium technology startup backed by General Motors, has bought 35,000 acres in the Smackover formation from Pantera Lithium, the latest deal for access to the U.S. brine formation teeming with supplies of the battery metal. The deal boosts the holdings of privately held EnergyX to roughly 47,500 acres in the Smackover, an underground geological formation stretching from Florida to Texas filled with lithium-rich brine. It also underscores the growing interest in boosting U.S. production of the metal despite low market prices. Chevron in recent weeks has bought Smackover acreage, joining Exxon Mobil, Albemarle, Standard Lithium and others with holdings in the region. Analysts estimate the Smackover could contain more than 4 million metric tons of lithium, enough to make millions of electric vehicles and other electronic devices. EnergyX's A$40 million ($26.1 million) agreement to buy the acreage in southern Arkansas from Australia-based Pantera includes A$6 million in cash as well as roughly 2.3 million shares in EnergyX that the companies are valuing at A$14.50 ($9.47) each. EnergyX, which is controlled by CEO Teague Egan, has discussed a public listing in the past. Pantera, which itself had first agreed to buy the acreage in 2023, will be a minority shareholder in EnergyX after the deal closes, expected later this year. EnergyX is also building a lithium refinery in nearby Texas that will process lithium from the Smackover brine. The company aims to be producing 12,500 metric tons of lithium per year by 2028 and 30,000 metric tons per year by 2030. GM, which led a $50 million financing round for the company in 2023, has the right of first refusal to buy lithium from any project that EnergyX develops. All of the companies aiming to extract lithium from the Smackover will need to use direct lithium extraction (DLE), something that has never been done before at commercial scale. EnergyX will also have to apply for a lithium royalty rate from Arkansas officials, who in recent weeks have approved rates for nearby lithium projects from Exxon and Standard Lithium. EnergyX tried unsuccessfully last year to buy Galan Lithium's assets in Argentina. A consortium led by South Korean conglomerate Posco Holdings is an EnergyX investor. EnergyX is also developing a lithium project in northern Chile. ($1 = 1.5328 Australian dollars) Sign in to access your portfolio
Yahoo
23-06-2025
- Business
- Yahoo
Standard Lithium Announces New VP Appointments to Expand and Strengthen Senior Management
VANCOUVER, British Columbia, June 23, 2025 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. ('Standard Lithium' or the 'Company') (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, is pleased to announce the appointment of Daniel Rosen as Vice President of Strategy and Investor Relations, as well as Tim Sobel as Vice President of Health, Safety, Social and Environment ('HSSE'). 'We are thrilled to welcome the additions of Daniel and Tim to our leadership team,' said David Park, Chief Executive Officer and Director of Standard Lithium. 'Dan's strategic insight and deep experience in investor relations and capital markets, as well as Tim's extensive history in ensuring that HSSE standards are not only met, but exceeded and built-in to organizational culture, will be invaluable as we continue to execute our growth strategy on a path towards first production.' 'Bringing on Daniel and Tim is the next step in our process of continuing to evolve and strengthen our capabilities,' said Salah Gamoudi, Chief Financial Officer of Standard Lithium. 'We'd also like to thank Chris Lang for helping to support our investor relations function this past year. With Daniel coming onboard, this will allow Chris to prioritize and focus more on the financial planning and treasury aspects of his role.' Mr. Rosen brings more than 13 years of experience in corporate strategy, finance, and capital markets. Most recently, Mr. Rosen played a key role in the post-acquisition integration of Arcadium Lithium into Rio Tinto, where he led cross-functional initiatives to align strategic priorities, operational capabilities, and investor messaging. Prior to his role as Director of Integration for Rio Tinto, Mr. Rosen held roles in Corporate Strategy, M&A and Investor Relations for Arcadium Lithium and Livent and spent over six years with Barclays in its Investment Banking division. He has a proven track record of aligning corporate vision with market opportunities and building trusted relationships across the investment community. Mr. Sobel is a seasoned HSSE executive with over three decades of distinguished leadership in health, safety, security, environmental, quality, sustainability, and risk management across global industrial and logistics sectors. He most previously served as Vice President of HSSE for the Americas at DP World, where he oversaw HSSE strategy and execution across more than 40 logistics, port, and terminal operations in North and South America. Prior to DP World, he held senior leadership roles at Air Liquide, New Fortress Energy, Wilhelmsen Ship Management, and Sunoco Logistics, where he led multi-site operational risk, compliance, and crisis management programs. His earlier service in the U.S. Coast Guard laid the foundation for his deep regulatory expertise and command-level emergency response capabilities. Mr. Sobel is recognized for developing and embedding world-class safety cultures, behavioral safety programs, and regulatory-compliant management systems. About Standard Lithium Ltd. Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process. The Company's flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol 'SLI'. Please visit the Company's website at Investor and Media Inquiries Chris LangStandard Lithium Ltd.+1 604 409 8154investors@ X: @standardlithiumLinkedIn: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain 'Forward-Looking Statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words 'anticipate', 'believe', 'estimate', 'expect', 'target, 'plan', 'forecast', 'may', 'schedule' and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
