11:57 AM EDT, 10/20/2025 (MT Newswires) -- Standard Lithium ( SLI ) , up 4% on last look, said Monday it closed a bought-deal share offering that raised US$130 million.

The company sold underwriters 29.9-million shares priced at US$4.35 each. The underwriters still have 30 days to exercise an over-allotment option of 4.48-million shares.

Proceeds will be used to develop the South West Arkansas project and the Franklin project in East Texas, and for working capital.

Standard Lithium ( SLI ) shares are up $0.24 to $6.14 on the TSX Venture Exchange.

Price: 6.15, Change: +0.25, Percent Change: +4.24