04:47 PM EDT, 10/16/2025 (MT Newswires) -- Standard Lithium ( SLI ) said late Thursday it plans to offer and sell shares worth $120 million in a public offering.

Underwriters will be given a 30-day option to buy up to an additional 15% of shares, the lithium development company said.

Standard Lithium ( SLI ) said it aims to use the proceeds from the offering to finance capital expenditures at its South West Arkansas Project and the Franklin Project in East Texas.

Shares of the company were down around 18% in recent after-market hours.