Standard Lithium Ltd. holds $137.3 million in cash and $137.1 million in working capital as of June 30, 2026, alongside zero term or revolving debt obligations.

The company advanced its South West Arkansas Project during the second quarter by concluding the U.S. Department of Energy’s National Environmental Policy Act review with a Finding of No Significant Impact. The environmental review required no further mitigation measures or conditions, completing a regulatory step tied to a $225 million grant awarded in January 2025 from the federal Office of Critical Minerals and Energy Innovation.

Standard Lithium also executed two key construction agreements in anticipation of a final investment decision. The company entered into an engineering, procurement, construction and commissioning agreement with S&B Engineers and Constructors for the Central Processing Facility, with support from Hatch Ltd. Additionally, Standard Lithium signed an engineering, procurement and management contract with Wood Group USA, Inc. for the upstream well field. Both agreements incorporate limited notices to proceed to de-risk activities and optimize construction scheduling ahead of a full notice to proceed.

Operating results from the Arkansas demonstration plant include 1 million barrels of real brine processed from the Smackover Formation, over 15,000 direct lithium extraction cycles completed, and roughly 340,000 man-hours recorded over six years with zero safety incidents.

Standard Lithium Ltd. aims to finalize customer offtake agreements and project financing debt due diligence during the third quarter. The company continues to target a final investment decision and the start of construction at the South West Arkansas Project in 2026, leading to first commercial production of battery-quality lithium carbonate in 2029. Furthermore, the company intends to release a Preliminary Economic Assessment for the Franklin project in the third quarter of 2026 as part of its efforts to expand its leasehold footprint in East Texas.

“We will provide additional updates as we look to finalize the customer offtake and project financing processes, and our expectation for this year remains to approve FID and begin construction at the SWA Project. We also plan to improve our position and expand our leasehold footprint in East Texas, highlighted by the intended release of a Preliminary Economic Assessment for the Franklin project in the third quarter of this year.”

— David Park, Chief Executive Officer and Director

Read the full announcement: Standard Lithium Reports Second Quarter 2026 Results