Shares of Dual-Listed Lithium Firm Up After Announcing Quarterly Results - InvestingChannel

Shares of Dual-Listed Lithium Firm Up After Announcing Quarterly Results

As the lightest and least dense metal, lithium is widely used in a range of batteries, from cell phones to electric cars. Shares of this lithium development company are trading higher after the company announced quarterly results and a transformative partnership.

Standard Lithium Ltd. (TSXV:SLI) (NYSE American:SLI) is a leading near-commercial lithium development company. The firm announced in a press release today its financial and operating results for the fiscal third quarter ended March 31, 2024.

Standard Lithium CEO Robert Mintak added, “This transformative partnership with Equinor, a global energy company and recognized leader in renewables and low carbon solutions, validates our strategic path to leverage our Smackover resources and become a globally significant contributor within the lithium market. It strengthens our finances, provides essential expertise, manages risk, and accelerates our progress towards this goal, unlocking long-term value for our shareholders.”

Both U.S. and Canadian shares of Standard Lithium were trading up over 10 percent in morning trade.


Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com’s content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

View the original article on AllPennyStocks.com

]]>

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire