07:27 AM EDT, 10/17/2025 (MT Newswires) -- Standard Lithium ( SLI ) , a near-commercial lithium company, was at last look down 18% in US premarket trade Friday -- having hit 52 week highs yesterday -- after announcin overnight Thursday the pricing of its previously announced underwritten public offering of 29,885,057 common shares at a price of US$4.35 per common share for aggregate gross proceeds to the company of US$130 million.

The company has granted the underwriters an option to purchase up to 4,482,758 additional common shares at the issue price, exercisable, in whole or in part, for up to 30 days after the closing of the offering.

The company intends to use net proceeds from the offering to fund capital expenditures at the South West Arkansas Project and the Franklin Project in East Texas, and for working capital and for general corporate purposes. Closing of the offering is expected to occur on or about October 20, 2025, and is subject to customary closing conditions, including receipt of required approvals of the TSX Venture Exchange and the NYSE American.

SLI was up 7.15% and hit 52 week highs in Canada yesterday. It also struck a 52 week high in the U.S. then.