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Standard Lithium stock: A bang for the buck! - Financial Trends

Standard Lithium stock: A bang for the buck!

What a banger: Standard Lithium shot up massively on Friday before the end of last week. The title managed a plus in the amount of more than 6%. Thus, the situation has improved significantly. The quotations have climbed very strongly within a week.

Standard Lithium: Important to know

According to a report, the company has now conquered the next milestone. The company has launched a mining project in Arkansas. This seems to be working well, at least that is the impression.

On Sept. 7, news broke that the company had awarded a contract to a subsidiary of its business partner, Koch Industries, for a FEED study (engineering design study) and a feasibility study.

This study will include, among other things, a financing study. This will provide Standard Lithium with the information on whether or not the project can be profitable in the future.

This will study a demonstration plant that would produce 5,000 to 6,000 tons of lithium carbonate. This, they say, is not yet a high-volume breakthrough. This, in turn, will complement existing plans for a volume of 20,900 tons of lithium carbonate per year. This is sufficient to drive 400,000 electric cars, it is said.

The stock exchanges have at least reacted with the fact that the company was able to overcome the GD100.