Standard Lithium Ltd 6-K, filed Jul 1, 2024
Standard Lithium Ltd. (SLI)
About this 6-K
Standard Lithium Ltd filed this 6-K on July 1, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report
of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
of the Securities
Exchange Act of 1934
| For the month of | July | 2024 | |
| Commission File Number | 001-40569 |
| Standard Lithium Ltd. |
| (Translation of registrant’s name into English) |
|
Suite 1625, 1075 W Georgia Street Vancouver, British Columbia, Canada V6E 3C9 |
| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ¨ Form 40-F x
DOCUMENTS INCLUDED AS PART OF THIS REPORT
| Exhibit | |
| 99.1 | Press Release dated June 28, 2024 |
| 99.2 | Report of Voting Results |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Standard Lithium Ltd. | |||||
| (Registrant) | |||||
| Date: | July 1, 2024 | By: | /s/ Robert Mintak | ||
| Name: | Robert Mintak | ||||
| Title: | CEO and Director | ||||
Exhibit 99.1
STANDARD
LITHIUM ANNOUNCES RESULTS OF
2024 ANNUAL GENERAL AND SPECIAL MEETING
Vancouver, BC – June 28, 2024 – Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium development company, is pleased to announce the detailed voting results from its Annual General and Special Meeting held on June 27, 2024 (the “Meeting”).
A total of 47,372,931 common shares were represented at the Meeting, representing 25.82% of the issued and outstanding common shares of the Company at the record date.
All of the matters put forward before shareholders for consideration and approval, as set out in the Company's management information circular dated May 15, 2024 (the “Circular”), were approved by the requisite majority of votes cast at the Meeting.
Setting the Number of Directors
At the Meeting, the shareholders approved the resolution to set the number of directors at seven for the ensuing year. The resolution was approved with 93.41% votes FOR and 6.59% AGAINST.
Election of Directors
The number of directors was fixed at seven and each of the following nominees set forth in the Company’s Circular was elected as a director of the Company to hold office until the next annual meeting of shareholders or until their successors are elected or appointed:
| Nominee | % Votes FOR | % Votes AGAINST | ||||||
| Robert Cross | 95.85 | % | 4.15 | % | ||||
| Dr. Andrew Robinson | 95.86 | % | 4.14 | % | ||||
| Robert Mintak | 94.10 | % | 5.90 | % | ||||
| Jeffrey Barber | 94.63 | % | 5.37 | % | ||||
| Dr. Volker Berl | 95.64 | % | 4.36 | % | ||||
| Claudia D’Orazio | 95.39 | % | 4.61 | % | ||||
| Anca Rusu | 95.04 | % | 4.96 | % | ||||
Appointment of Auditor
At the Meeting the shareholders approved the appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants as the auditor of the Company and authorized the directors to fix the remuneration to be paid to the auditor. The resolution was approved with 94.73% votes FOR and 5.27% votes WITHHELD.
Ratification of By-Laws
The shareholders ratified the adoption of new Company by-laws, which ratification was approved by resolution with 85.49% of votes FOR and 14.51% votes AGAINST.
Re-Approval of Option Plan and Incentive Plan
The shareholders also re-approved the stock option plan of the Company, which was approved by resolution with 91.16% votes FOR and 8.84% votes AGAINST, and the long term incentive plan of the Company, which was approved by resolution with 91.26% votes FOR and 8.74% votes AGAINST.
The Company has filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR+ (www.sedarplus.com).
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of lithium-brine bearing properties in the United States. The Company prioritizes brine projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. The Company aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully-integrated Direct Lithium Extraction and purification process. The Company’s signature projects, the Phase 1A Project and the South West Arkansas Project, are located on the Smackover Formation in southern Arkansas, a region with a longstanding and established brine processing industry. The Company has also identified a number of highly prospective lithium-brine project areas in the Smackover Formation in East Texas and began an extensive brine leasing program in the key project areas. In addition, the Company has an interest in certain mineral leases located in the Mojave Desert in San Bernardino County, California.
Standard Lithium trades on both the TSX Venture Exchange (“TSXV”) and the NYSE American under the symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timeline, accuracy of mineral or resource exploration activity, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Investor and Media Inquiries
Allysa Howell
Vice President, Corporate Communications
+1 720-484-1147
a.howell@standardlithium.com
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/
Exhibit 99.2
|
STANDARD LITHIUM LTD. (the “Company”)
Voting Results
for Annual General and Special Meeting of Shareholders of the Company
|
|
REPORT OF VOTING RESULTS National Instrument 51-102 - Continuous Disclosure
Obligations |
Common shares of the Company (the “Common Shares”) represented at the Meeting: 47,372,931
Total issued and outstanding Common Shares as at record date: 183,465,256
Percentage of issued and outstanding Common Shares represented: 25.82%
1. Appointment of Auditor
By resolution passed by a vote of shareholders, PricewaterhouseCoopers LLP, Chartered Professional Accountants were appointed as the auditor of the Company for the ensuing year and the directors of the Company were authorized to fix the remuneration of the auditor, with the following results:
| Votes FOR | % Votes FOR | Votes WITHHELD | % Votes WITHHELD | |||||||||||
| 44,876,493 | 94.73 | % | 2,496,438 | 5.27 | % | |||||||||
2. Setting the Number of Directors
By resolution passed by a vote of shareholders, the number of directors was set at seven (7) with the following results:
| Votes FOR | % Votes FOR | Votes AGAINST | % Votes AGAINST | |||||||||||
| 43,764,562 | 93.41 | % | 3,089,596 | 6.59 | % | |||||||||
3. Election of Directors
By resolution passed by a vote of shareholders, the seven nominees listed in the Company’s management information circular dated May 15, 2024 (the “Circular”) were elected as directors of the Company to hold office for the ensuing year, with the following results:
| Nominee | Votes FOR | % Votes FOR | Votes AGAINST | % Votes AGAINST | ||||||||||||
| Robert Cross | 19,778,657 | 95.85 | % | 855,828 | 4.15 | % | ||||||||||
| Dr. Andrew Robinson | 19,780,164 | 95.86 | % | 854,323 | 4.14 | % | ||||||||||
| Robert Mintak | 19,416,873 | 94.10 | % | 1,217,631 | 5.90 | % | ||||||||||
| Jeffrey Barber | 19,519,715 | 94.63 | % | 1,108,525 | 5.37 | % | ||||||||||
| Dr. Volker Berl | 19,733,993 | 95.64 | % | 900,510 | 4.36 | % | ||||||||||
| Claudia D’Orazio | 19,682,700 | 95.39 | % | 951,804 | 4.61 | % | ||||||||||
| Anca Rusu | 19,587,327 | 95.04 | % | 1,021,653 | 4.96 | % | ||||||||||
4. Ratification of By-Law No.1
By resolution passed by a vote of shareholders, the Company’s new by-laws, as set out in the Circular, were ratified with the following results:
| Votes FOR | % Votes FOR | Votes AGAINST | % Votes AGAINST | |||||||||||
| 17,640,271 | 85.49 | % | 2,994,233 | 14.51 | % | |||||||||
5. Reapproval of the Stock Option Plan
By resolution passed by a vote of shareholders, the Company’s stock option plan, as set out in the Circular, was reapproved with the following results:
| Votes FOR | % Votes FOR | Votes AGAINST | % Votes AGAINST | |||||||||||
| 18,809,893 | 91.16 | % | 1,824,610 | 8.84 | % | |||||||||
6. Reapproval of the Long-Term Incentive Plan
By resolution passed by a vote of shareholders, the Company’s long term incentive plan, as set out in the Circular, was reapproved with the following results:
| Votes FOR | % Votes FOR | Votes AGAINST | % Votes AGAINST | |||||||||||
| 18,830,291 | 91.26 | % | 1,804,213 | 8.74 | % | |||||||||
Each vote on the matters listed in the Circular was based on the ballots and proxies deposited for the Meeting and the electronic voting by poll during the Meeting. Each of the matters set out above is described in greater detail in the Circular provided to the Company’s shareholders prior to the Meeting and is available under the Company’s profile at www.sedarplus.com.
Dated: June 28, 2024