Condensed Consolidated Interim Financial Statements

(Expressed in Canadian dollars - unaudited)

Three months ended September 30, 2023 and 2022

STANDARD LITHIUM LTD.

Condensed Consolidated Interim Statements of Financial Position

As at September 30, 2023 and June 30, 2023

(Expressed in thousands of Canadian Dollars - unaudited)

September 30,

June 30,

2023

2023

ASSETS

Current assets

Cash

$

37,183

$

59,612

Receivables

475

468

Prepaid expenses

948

1,969

38,606

62,049

Non-current assets

Reclamation deposit

85

83

Exploration and evaluation assets (Note 5)

122,119

99,952

Intangible asset (Note 6)

1,410

1,432

Right of use asset

1,105

1,233

Property, plant and equipment (Note 4)

3,635

2,765

Advances and deposits

520

2,669

Investment in Aqualung Carbon Capture SA (Note 3)

3,395

3,314

132,269

111,448

TOTAL ASSETS

$

170,875

$

173,497

LIABILITIES

Current liabilities

Accounts payable and accrued liabilities

$

14,287

$

12,737

Lease liability - short-term

474

512

14,761

13,249

Non-current liabilities

Lease liability - long-term

653

739

Decommissioning provision

136

133

789

872

TOTAL LIABILITIES

15,550

14,121

EQUITY

Share capital (Note 8)

272,672

272,419

Reserves (Note 8)

38,502

35,888

Deficit

(158,441)

(148,707)

Accumulated other comprehensive loss

2,592

(224)

TOTAL EQUITY

155,325

159,376

TOTAL LIABILITIES AND EQUITY

$

170,875

$

173,497

Commitments (Notes 5) and Contingencies (Note 11)

Approved by the Board of Directors and authorized for issue on November 7, 2023.

"Robert Cross"

"Claudia D'Orazio"

Director

Director

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

STANDARD LITHIUM LTD.

Condensed Consolidated Interim Statements of Comprehensive Income (Loss)

Three months ended September 30, 2023 and 2022

(Expressed in thousands of Canadian Dollars, except share and per share amounts - unaudited)

Three months ended

September 30,

September 30,

2023

2022

Expenses

Demonstration plant operations (Note 7)

$

3,383

$

2,876

Share-based payments

2,740

790

Consulting fees

1,151

501

Office and administration

1,086

938

Management and director fees (Note 9)

593

514

Professional fees

480

1,240

Salaries and benefits

488

-

Patent

204

244

Amortisation of property, plant and equipment (Note 4)

198

202

Filing and transfer agent

141

149

Amortisation of office leases

134

45

Travel

124

47

Project investigation

75

946

Advertising and investor relations

74

68

Amortisation of intangible assets (Note 6)

22

48

Foreign exchange gain

(605)

(6,495)

Loss from operations

(10,288)

(2,113)

Interest and other income

578

560

Interest and accretion expense

(24)

(5)

Net loss for the period

(9,734)

(1,558)

Other comprehensive income (loss)

Item that may be reclassified subsequently to income or loss:

Currency translation differences of foreign operations

2,816

3,616

Total comprehensive income (loss)

$

(6,918)

$

2,058

Weighted average number of common shares outstanding - basic and diluted

172,785,164

166,472,306

Basic and diluted loss per share

$

(0.06)

$

(0.01)

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

STANDARD LITHIUM LTD.

Condensed Consolidated Interim Statements of Changes in Equity

Three months ended September 30, 2023 and 2022

(Expressed in thousands of Canadian Dollars, except share amounts - unaudited)

Accumulated

Number

other

of

Share

comprehensive

shares

capital

Reserves

Deficit

income

Total equity

Balance, June 30, 2022

166,402,197

$

262,047

$

21,945

$

(106,718)

$

(746)

$

176,528

Share-based payment

-

-

790

-

-

790

Stock options exercised

150,000

213

(100)

-

-

113

Net loss for the period

-

-

-

(1,558)

-

(1,558)

Currency translation differences for foreign operations

-

-

-

-

3,617

3,617

Balance, September 30, 2022

166,552,197

$

262,260

$

22,635

$

(108,276)

$

2,871

$

179,490

Balance, June 30, 2023

172,752,197

$

272,419

$

35,888

$

(148,707)

$

(224)

$

159,376

Share-based payment

-

-

2,740

-

-

2,740

Share issuance costs

-

(13)

-

-

-

(13)

Stock options exercised

100,000

266

(126)

-

-

140

Net loss for the period

-

-

-

(9,734)

-

(9,734)

Currency translation differences for foreign operations

-

-

-

-

2,816

2,816

Balance, September 30, 2023

172,852,197

$

272,672

$

38,502

$

(158,441)

$

2,592

$

155,325

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

STANDARD LITHIUM LTD.

Condensed Consolidated Interim Statements of Cash Flows

Three months ended September 30, 2023 and 2022

(Expressed in thousands of Canadian Dollars - unaudited)

Three months ended

September 30,

September 30,

2023

2022

Operating activities

Net loss

$

(9,734)

$

(1,558)

Add items not affecting cash

Share-based payments

2,740

790

Foreign exchange

(500)

(6,368)

Amortisation

221

250

Amortisation - office leases

134

45

Interest expense

24

5

Net changes in non-cash working capital items to operations:

Receivables

(7)

641

Prepaid expenses

1,021

546

Advances

2,150

-

Accounts payable and accrued liabilities

(2,491)

(1,200)

Net cash used in operating activities

(6,442)

(6,849)

Investing activities

Exploration and evaluation assets

(15,677)

(4,482)

Purchase of land for future South West Arkansas Project plant

(939)

-

Aqualung Carbon Capture pilot plant development

(109)

-

Demonstration plant (formerly pilot plant)

-

(99)

Net cash used in investing activities

(16,725)

(4,581)

Financing activities

Exercise of options

140

113

Lease payments

(156)

(44)

Share issuance costs

(13)

-

Net cash from financing activities

(29)

69

Effect of exchange rates on cash

767

6,366

Net change in cash

(22,429)

(4,995)

Cash, beginning of period

59,612

129,065

Cash, end of period

$

37,183

$

124,070

Non-cash investing activities:

Change in current liabilities relating to Exploration and evaluation assets

4,038

(1,005)

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

1.

Nature of Operations

Standard Lithium Ltd. (the "Company") was incorporated under the laws of the Province of British Columbia on August 14, 1998 under the name Tango Capital Corp. On April 7, 1999, the Company changed its name to Patriot Capital Corp. and then to Patriot Petroleum Corp. effective March 5, 2002. On December 1, 2016, the Company continued under the Canadian Business Corporations Act and changed its name to Standard Lithium Ltd. The Company's principal operations are comprised of exploration for and development of lithium brine properties in the United States of America ("USA").

The address of the Company's corporate office and principal place of business is Suite 1625, 1075 West Georgia Street, Vancouver, British Columbia, Canada, V6E 3C9. The Company's shares are listed on the TSX Venture Exchange and NYSE American Stock Exchange under the symbol "SLI" and the Frankfurt Exchange in "S5L".

2. Basis of Presentation

a)Statement of compliance

The annual consolidated financial statements of the Company, including comparatives, have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Boards (IFRS). The condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting (IAS 34).

These condensed consolidated interim financial statements do not include all of the information required of a complete set of consolidated financial statements and are intended to provide users with an update in relation to events and transactions that are significant to an understanding of the changes in financial position and the performance of the Company since the end of its last annual reporting period. It is therefore recommended that these condensed consolidated interim financial statements be read in conjunction with the annual consolidated financial statements of the Company for the year ended June 30, 2023.

b)Basis of consolidation

The consolidated financial statements of the Company include the accounts of the Company and its 100% wholly owned subsidiaries.

3. Investment

Changes in the Company's Investment in Aqualung during the period ended September 30, 2023 and year ended June 30, 2023 are summarized as follows:

Balance, June 30, 2022

$

3,221

Effect of change in fair value

93

Balance, June 30, 2023

3,314

Effect of change in fair value

81

Balance, September 30, 2023

$

3,395

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

4. Property, Plant and Equipment

Land for

future

South

Demonstration

Aqualung

West

plant (formerly

Carbon

Arkansas

Leasehold

Furniture

Pilot plant)

Capture

Project

Cost

improvements

and fixtures

(Note 7)

pilot plant

plant

Total

$

$

$

$

$

$

June 30, 2022

-

-

26,649

-

-

26,649

Additions

187

12

-

1,778

-

1,977

June 30, 2023

187

12

26,649

1,778

-

28,626

Additions

-

-

-

68

939

1,007

Effect of foreign exchange translation

-

-

19

43

-

62

September 30, 2023

187

12

26,668

1,889

939

29,695

Accumulated amortisation

June 30, 2022

-

-

(25,664)

-

-

(25,664)

Amortisation

(6)

(1)

(207)

-

-

(214)

Effect of foreign exchange translation

-

-

17

-

-

17

June 30, 2023

(6)

(1)

(25,854)

-

-

(25,861)

Amortisation

(12)

(1)

-

(185)

-

(198)

Effect of foreign exchange translation

-

-

1

(2)

-

(1)

September 30, 2023

(18)

(2)

(25,853)

(187)

-

(26,060)

Net book value

June 30, 2022

-

-

985

-

-

985

June 30, 2023

181

11

795

1,778

-

2,765

September 30, 2023

169

10

815

1,702

939

3,635

8

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

5.Exploration and Evaluation Assets

Commercial

South West

Plant

California

Arkansas

Evaluation

Texas

Property

Project

(Lanxess 1A)

Properties

Total

$

$

$

$

$

Acquisition:

Balance, June 30, 2022

18,460

14,230

-

-

32,690

Option payments

2,352

1,378

-

885

4,615

Lanxess brine supply costs

-

(7,953)

7,953

-

-

Effect of foreign exchange translation

527

406

-

-

933

Balance, June 30, 2023

21,339

8,061

7,953

885

38,238

Option payments

124

9

-

741

874

Effect of foreign exchange translation

523

198

195

22

938

Balance, September 30, 2023

21,986

8,268

8,148

1,648

40,050

Exploration and Evaluation:

Balance, June 30, 2022

4,333

4,105

4,533

-

12,971

Exploration costs

9

17,429

-

18,175

35,613

Lanxess 1A evaluation costs

-

-

12,740

-

12,740

Effect of foreign exchange translation

124

136

130

-

390

Balance, June 30, 2023

4,466

21,670

17,403

18,175

61,714

Exploration costs

1

2,896

-

11,638

14,535

Lanxess 1A evaluation costs

-

-

4,307

-

4,307

Effect of foreign exchange translation

109

531

427

446

1,513

Balance, September 30, 2023

4,576

25,097

22,137

30,259

82,069

Balance, June 30, 2023

25,805

29,731

25,356

19,060

99,952

Balance, September 30, 2023

26,562

33,365

30,285

31,907

122,119

6.Intangible Assets

The carrying value of the intangible assets acquired is as follows:

IP Assets

Patents

Total

Balance, June 30, 2022

$

1,501

$

-

$

1,501

Additions

-

41

41

Amortisation

(110)

-

(110)

Balance, June 30, 2023

1,391

41

1,432

Amortisation

(21)

(1)

(22)

Balance, September 30, 2023

$

1,370

$

40

$

1,410

9

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

7.

Demonstration Plant (formerly Pilot Plant)

As at September 30, 2023, and 2022, demonstration plant costs are comprised of the following:

Three months ended

September 30,

2023

2022

Internet

$

3

$

3

Personnel

1,190

1,309

Reagents

629

435

Repairs and maintenance

338

7

Supplies

385

751

Testwork

785

322

Office trailer rental

15

13

Utilities

24

36

Vehicle

9

-

Waste disposal & recycling

5

-

Total Demonstration plant operations costs

$

3,383

$

2,876

8.

Share Capital

a)Authorized capital

The Company is authorised to issue an unlimited number of common voting shares without nominal or par value.

During the three months ended September 30, 2023, the Company issued a total of 100,000 common shares for the exercise of stock options. The Company received proceeds of $140 and reclassified $126 from reserve to share capital upon exercise.

b)Options

The Company has a stock option plan in place under which it is authorized to grant options to officers, directors, employees, consultants and management company employees enabling them to cumulatively acquire up to 10% of the issued and outstanding common stock of the Company. Under the plan, the exercise price of each option shall not be less than the price permitted by any stock exchange. The options can be granted for a maximum term of 10 years.

10

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

8.

Share Capital - continued

b)Options - continued

The weighted average fair value at grant date of options granted during the three months ended September 30, 2023 was $2.61 per option (June 30, 2023: $3.45). The fair value was determined using the Black-Scholes option-pricing model using the following weighted average assumptions:

Q1-2024

FY2023

Expected stock price volatility

77

%

84

%

Risk-free interest rate

4.4

%

3.16

%

Dividend yield

-

-

Expected life of options

5 years

5 years

Stock price on date of grant

$

4.00

$

5.09

Forfeiture rate

-

-

Stock option transactions are summarized as follows:

Number of

Weighted average

options

exercise price

Balance at June 30, 2022

10,170,000

$

2.11

Options exercised

(5,950,000)

0.91

Options granted

3,950,000

5.09

Balance at June 30, 2023

8,170,000

$

4.43

Options exercised

(100,000)

1.40

Options granted

1,750,000

4.00

Balance at September 30, 2023

9,820,000

$

4.38

11

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

8.

Share Capital - continued

b)Options - continued

The following table summarizes stock options outstanding and exercisable at September 30, 2023:

Options Outstanding

Options Exercisable

Weighted

Weighted

Weighted

Average

Average

Average

Exercise

Number

Remaining

Exercise

Exercise

Price

of

Contractual Life

Price

Number

Price

$

Shares

(years)

$

Exercisable

$

1.40

1,350,000

-

(1)

1.40

1,350,000

1.40

3.43

400,000

0.54

3.43

400,000

3.43

7.55

500,000

1.38

7.55

500,000

7.55

3.39

1,200,000

2.30

3.39

1,200,000

3.39

6.08

200,000

2.81

6.08

200,000

6.08

6.31

200,000

3.43

6.31

200,000

6.31

8.25

170,000

3.46

8.25

170,000

8.25

9.40

100,000

3.53

9.40

100,000

9.40

5.08

3,750,000

4.53

5.08

3,750,000

5.08

5.23

200,000

4.65

5.23

200,000

5.23

4.00

1,750,000

4.99

4.00

-

-

9,820,000

3.30

4.38

8,070,000

4.45

(1) Options expired on September 4, 2023, however, due to black-out of insider share transactions, these options will remain eligible for exercise for a period of 10business days subsequent to the lifting of the black-out.

c) Long-term Incentive Plan

The Company has an equity incentive plan ("Plan") in accordance with the policies of the TSX whereby, from time to time at the discretion of the Board of Directors, eligible directors, officer and employees are awarded restricted share units ("RSUs") and performance share units ("PSUs"). The RSUs and PSUs that are subject to the recipient's deferral right in accordance with the Income Tax Act (Canada) convert automatically into common shares upon vesting. In addition, the Company may issue deferred share units ("DSUs"). DSUs may be redeemed upon retirement or termination from the Company. The plan is a fixed plan pursuant to which the aggregate number of common shares to be issued shall not exceed 10% of the Company's issued and outstanding common shares when combined with the aggregate number of Options, RSUs, PSUs and DSUs. As of September 30, 2023, the Company has granted 1,991,004 DSUs to the Board of Directors and Management which vest on April 11, 2024. The Company has recorded $2,549 in share-based payment expense related to this grant during the three-month period ended September 30, 2023.

12

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

9.Related Party Transactions

Key management personnel are persons responsible for planning, directing and controlling the activities of the entity, and include directors and officers of the Company.

Compensation to key management is comprised of the following:

September 30,

September 30,

2023

2022

Management and director fees

$

586

$

514

Benefits

7

-

Share-based payments

2,549

-

$

3,142

$

514

As at September 30, 2023, there is $642 (June 30, 2023: $1,373) in accounts payable and accrued liabilities owing to officers of the Company. Amounts due to/from the key management personnel are non-interest bearing, unsecured and have no fixed terms of repayment.

On June 17, 2022, the Company entered into a Master Services Agreement ("the MSA") with Telescope Innovations Corp. ("Telescope"). Robert Mintak, CEO of the Company and Dr. Andy Robinson, President and COO of the Company are directors of Telescope Innovations Corp. Under the MSA, Telescope provided various research and development ("R&D") services for the purpose of developing new technologies. The Company funded an initial project for one yearunder the MSA, which will aim to evaluate the use of captured CO2 in the Company's various chemical processes, as well as investigating the potential for permanent geological sequestration of CO2 within the lithium brine extraction and reinjection processes contemplated by the Company. Other R&D projects may be performed for the Company by Telescope as required. The Company incurred $583 (June 30, 2023: $764) of costs related to this agreement during the period ended September 30, 2023.

As at September 30, 2023, there is $200 (June 30, 2023: $115) in accounts payable and accrued liabilities owing to Telescope. Amounts due to Telescope are non-interest bearing, unsecured and have no fixed terms of repayment.

10.Financial Instruments and Financial Risk Management

The Company's financial assets and liabilities consist of cash, receivables, long-term investments, accounts payable and accrued liabilities. A fair value hierarchy is used to determine the financial instruments' fair value that are recorded on the consolidated statements of financial position.

The fair value hierarchy has three levels:

Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2 - inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly for similar items in active markets. The Company maximizes the use of observable market data and relies on entity-specific estimates at least possible; and

Level 3 - inputs for the asset or liability that are not based on observable market data (unobservable inputs).

13

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

10.Financial Instruments and Financial Risk Management - continued

There were no transfers between Levels 1, 2 or 3 for the period ended September 30, 2023 and the year ended June 30, 2023.

The following table sets forth the Company's financial assets measured at fair value by level within the fair value hierarchy:

September 30, 2023

Level 1

Level 2

Level 3

Total

Investment in Aqualung Carbon Capture SA

$

-

$

-

$

3,395

$

3,395

June 30, 2023

Level 1

Level 2

Level 3

Total

Investment in Aqualung Carbon Capture SA

$

-

$

-

$

3,314

$

3,314

The Company's Board of Directors has the overall responsibility for the establishment and oversight of the Company's risk management framework. The Company's risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and in response to the Company's activities. Management regularly monitors compliance with the Company's risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Company.

The Company is exposed to various risks such as interest rate, credit, and liquidity risk. To manage these risks, management determines what activities must be undertaken to minimize potential exposure to risks. The objectives of the Company in managing risk are as follows:

maintaining sound financial condition;
financing operations; and
ensuring liquidity to all operations.

In order to satisfy these objectives, the Company has adopted the following policies:

(i) Credit risk

Credit risk is the risk of loss if counterparties do not fulfill their contractual obligations and arises principally from cash deposits. The maximum credit risk is the total of our cash. The Company maintains substantially all of its cash with two major financial institutions. The majority of cash held with these institutions exceed the amount of insurance provided on such deposits.

14

STANDARD LITHIUM LTD.

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Expressed in thousand of Canadian Dollars, except where indicated and share and per share amounts - unaudited)

10.Financial Instruments and Financial Risk Management - continued

(ii) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they come due. The Company manages this risk by careful management of its working capital (current assets less current liabilities) to try to ensure its expenditures will not exceed available resources. At September 30, 2023, the Company has working capital of $23,845 (June 30, 2023: working capital balance of $48,800).

(iii) Foreignexchange risk

Currency risk is the risk to the Company's earnings that arises from fluctuations of foreign exchange rates and the degree of volatility of these rates. The Company does not use derivative instruments to reduce its exposure to foreign currency risk. The Company is exposed to currency risk through the following assets and liabilities denominated in US dollars:

September 30, 2023

June 30, 2023

$

$

Cash

23,472

42,745

Accounts payable

(9,223)

(5,926)

At September 30, 2023, US Dollar amounts were converted at a rate of USD 1.00 to CAD 1.358. A 10% increase or decrease in the US dollar relative to the Canadian dollar would result in a change of approximately $1,425 (June 30, 2023: $3,682) in the Company's comprehensive loss for the year to date.

11.

Contingencies

On January 27, 2022, a putative securities class action lawsuit was filed against the Company, Robert Mintak and Kara Norman in the United States District Court for the Eastern District of New York, captioned Gloster v. Standard Lithium Ltd., et al., 22-cv-0507 (E.D.N.Y.) (the "Action"). The complaint purports to seek relief on behalf of a class of investors who purchased or otherwise acquired the Company's publicly traded securities between May 19, 2020 and November 17, 2021, and asserts violations of Section 10(b) of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act") against all defendants and Section 20(a) of the Exchange Act against the individually-named defendants. On April 27, 2022, the court granted Curtis T. Arata's motion for appointment as lead plaintiff in the Action. Lead plaintiff filed an amended complaint on June 29, 2022, adding Andrew Robinson as a defendant and extending the class period to February 3, 2022. The amended complaint alleges, among other things, that during the proposed class period, defendants misrepresented and/or failed to disclose certain facts regarding the Company's LiSTR DLE technology and "final product lithium recovery percentage" at its DLE Demonstration Plant in southern Arkansas. The amended complaint seeks various forms of relief, including monetary damages in an unspecified amount. Defendants filed a motion to dismiss the amended complaint on August 10, 2022, which became fully briefed on September 28, 2022. The Company intends to vigorously defend against the Action. As at September 30, 2023, the Company has not recorded any provision associated with this matter, as the outcome is undeterminable at this time.

12.

Subsequent Event

On October 31, 2023, the Company exercised its option agreement with TETRA Technologies, Inc. to acquire brine production rights for the South West Arkansas Project.

15

Attachments

Disclaimer

Standard Lithium Ltd. published this content on 13 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 11:05:15 UTC.