Standard Lithium Ltd 6-K, filed Nov 10, 2022

About this 6-K

Standard Lithium Ltd. (SLI)

6-K 2022-11-10 For: 2022-09-30

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Added on April 12, 2026

Standard Lithium Ltd.

(Registrant)

November 10, 2022

/s/ Robert Mintak

Robert Mintak

CEO and Director

Standard Lithium Ltd filed this 6-K on November 10, 2022.

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Exhibit

99.1		Interim Consolidated Financial Statements for the three months ended September 30, 2022
99.2		Management’s Discussion and Analysis of Results of Operations and Financial Condition for the three months ended September 30, 2022
99.3		Form 52-109F2, Certification of Interim Filings (CEO)
99.4		Form 52-109F2, Certification of Interim Filings (CFO)


	September 30,		June 30,
	2022		2022
ASSETS
Current assets
Cash	$	124,069,893	$	129,065,348
Receivables		905,564		1,135,095
Prepaid expenses		1,038,303		1,603,997
		126,013,760		131,804,440
Non-current assets
Reclamation deposit		85,887		80,742
Exploration and evaluation assets (Note 4)		45,959,407		41,127,501
Intangible asset (Note 5)		1,452,388		1,500,540
Pilot plant (Note 6)		822,420		985,057
Asset under construction – Commercial plant (Note 7)		6,581,812		4,533,458
Right of use asset		339,216		379,650
Deposits		32,106		12,416
Investment in Aqualung Carbon Capture SA (Note 3)		3,426,740		3,221,491
		58,699,976		51,840,855
TOTAL ASSETS	$	184,713,736	$	183,645,295
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities	$	4,735,921	$	6,597,682
Lease liability – short-term		183,340		182,060
		4,919,261		6,779,742
Non-current liabilities
Lease liability – long-term		168,104		208,435
Decommissioning provision		137,070		128,860
		305,174		337,295
TOTAL LIABILITIES		5,224,435		7,117,037
EQUITY
Share capital (Note 8)		262,259,192		262,046,589
Reserves (Note 8)		22,635,578		21,945,204
Deficit		(108,276,273)		(106,717,819)
Accumulated other comprehensive loss		2,870,804		(745,716)
TOTAL EQUITY		179,489,301		176,528,258
TOTAL LIABILITIES AND EQUITY	$	184,713,736	$	183,645,295


“Robert Mintak”		“Dr. J. Andrew Robinson”
Director		Director


	Three months ended
	September 30,		September 30,
	2022		2021
Expenses
Advertising and investor relations	$	67,694	$	66,194
Amortisation of intangible asset (Note 5)		48,152		48,152
Amortisation of office lease		45,471		-
Amortisation of pilot plant (Note 6)		201,636		3,613,127
Consulting fees		501,131		369,232
Filing and transfer agent		148,665		29,860
Foreign exchange gain		(6,494,601)		(8,407)
Management fees (Note 9)		513,886		369,522
Office and administration		938,238		598,148
Patent		244,373		116,890
Pilot plant operating (Note 6)		2,875,553		2,336,442
Preliminary economic assessment		-		53,473
Professional fees		1,239,962		313,867
Project investigation		945,989		315,245
Share-based payment		790,478		1,115,134
Travel		46,609		22,109
Loss from operations before other items		(2,113,236)		(9,358,988)
Interest income		559,550		-
Interest and accretion expense		(4,768)		-
Net (loss) income for the period		(1,558,454)		(9,358,988)
Other comprehensive income (loss)
Item that may be reclassified subsequently to income or loss:
Currency translation differences of foreign operations		3,616,520		1,190,905
Total comprehensive income (loss)	$	2,058,066	$	(8,168,083)
Weighted average number of common shares outstanding – basic and diluted		166,472,306		143,399,374
Basic and diluted loss per share	$	(0.01)	$	(0.07)


								Accumulated
								other
	Number	Share						comprehensive
	of shares	capital		Reserves		Deficit		income		Total equity
Balance, June 30, 2021	141,166,203	$	122,996,406	$	19,563,420	$	(68,617,507)	$	(2,398,853)	$	71,543,466
Share-based payment	-		-		1,115,134		-		-		1,115,134
Share issuance costs	-		(187,296)		-		-		-		(187,296)
Warrants exercised	3,031,281		3,162,316		-		-		-		3,162,316
Stock options exercised	395,509		1,089,951		(685,490)		-		-		404,461
Net loss for the period	-		-		-		(9,358,988)		-		(9,358,988)
Currency translation differences for foreign operations	-		-		-		-		1,190,905		1,190,905
Balance, September 30, 2021	144,592,993	$	127,061,377	$	19,993,064	$	(77,976,495)	$	(1,207,948)	$	67,869,998

Balance, June 30, 2022	166,402,197	$	262,046,589	$	21,945,204	$	(106,717,819)	$	(745,716)	$	176,528,258
Share-based payment	-		-		790,478		-		-		790,478
Stock options exercised	150,000		212,603		(100,104)		-		-		112,499
Net loss for the period	-		-		-		(1,558,454)		-		(1,558,454)
Currency translation differences for foreign operations	-		-		-		-		3,616,520		3,616,520
Balance, September 30, 2022	166,552,197	$	262,259,192	$	22,635,578	$	(108,276,273)	$	2,870,804	$	179,489,301


Initial investment	$	3,113,991
Effect of movement in foreign exchange rates		107,500
Balance, June 30, 2022		3,221,491
Effect of movement in foreign exchange rates		205,249
Balance, September 30, 2022	$	3,426,740


	California		Arkansas
	Property		Property	Total
	$		$	$
Acquisition costs:
Balance, June 30, 2021		12,768,549	12,107,486	24,876,035
Acquisition of property		5,183,941	1,642,281	6,826,222
Effect of movement in foreign exchange rates		506,868	480,627	987,495
Balance, June 30, 2022		18,459,358	14,230,394	32,689,752
Acquisition of property		51,668	-	51,668
Effect of movement in foreign exchange rates		1,176,093	906,655	2,082,748
Balance, September 30, 2022		19,687,119	15,137,049	34,824,168

Exploration Costs:
Balance, June 30, 2021		4,153,051	2,561,108	6,714,159
Exploration costs		14,820	1,442,241	1,457,061
Effect of movement in foreign exchange rates		164,861	101,668	266,529
Balance, June 30, 2022		4,332,732	4,105,017	8,437,749
Exploration costs		1,973	2,157,926	2,159,899
Effect of movement in foreign exchange rates		276,050	261,541	537,591
Balance, September 30, 2022		4,610,755	6,524,484	11,135,239

Balance, June 30, 2022		22,792,090	18,335,411	41,127,501
Balance, September 30, 2022		24,297,874	21,661,533	45,959,407


		$
Balance, June 30, 2021		1,691,575
Amortisation		(191,035)
Balance, June 30, 2022		1,500,540
Amortisation		(48,152)
Balance, September 30, 2022		1,452,388


		$
Balance at June 30, 2021		12,338,741
Additions		1,929,020
Amortisation		(13,355,544)
Effect of movement in foreign exchange rates		72,840
Balance at June 30, 2022		985,057
Amortisation		(201,636)
Effect of movement in foreign exchange rates		38,999
Balance at September 30, 2022		822,420


		Weighted
	Number of	average
	warrants	exercise price
Balance at June 30, 2021	9,813,870	1.13
Issued	336,877	11.09
Exercised	(6,684,892)	1.12
Expired	(3,353)	1.30
Balance at June 30, 2022 and September 30, 2022	3,462,502	2.16


	Number of	Weighted average
	options	exercise price
Balance at June 30, 2021	13,750,784	$	1.29
Options exercised	(4,410,784)		1.00
Options granted	1,170,000		7.35
Options expired	(340,000)		0.96
Balance at June 30, 2022	10,170,000	$	2.11
Options exercised	(150,000)		0.75
Balance at September 30, 2022	10,020,000	$	2.13


	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	$
0.75		450,000	0.59	0.75	450,000	0.75
0.76		4,450,000	0.44	0.76	4,450,000	0.76
1.40		1,900,000	0.93	1.40	1,900,000	1.40
2.10		450,000	0.39	2.10	450,000	2.10
3.39		1,200,000	3.30	3.39	1,200,000	3.39
3.43		400,000	1.54	3.43	400,000	3.43
6.08		200,000	3.81	6.08	200,000	6.08
6.31		200,000	4.43	6.31	100,000	6.31
7.55		500,000	2.38	7.55	375,000	7.55
8.25		170,000	4.46	8.25	127,500	8.25
9.40		100,000	4.53	9.40	50,000	9.40
		10,020,000	1.28	2.13	970,250	1.95


	September 30,		September 30,
	2022		2021
Management fees	$	513,886	$	369,522
Share-based payments		-		940,268
	$	513,886	$	1,309,790


September 30, 2022	Level 1		Level 2		Level 3		Total
Investment in Aqualung Carbon Capture SA	$	-	$	3,426,740	$	-	$	3,426,740


June 30, 2022	Level 1		Level 2		Level 3		Total
Investment in Aqualung Carbon Capture SA	$	-	$	3,221,491	$	-	$	3,221,491


Overview	Units	Values	Comments
Production	tpy	20,900	At completion of Phase 3 production
Plant Operation	years	25	From the start of Phase 1 production
Capital Cost (CAPEX)	US$	437,162,000
Annual Operating Cost (OPEX)	US$	90,259,000
Average Selling Price	US$/t	13,550
Annual Revenue	US$	283,195,000
Discount Rate	%	8
Net Present Value (NPV) Post-Tax	US$	989,432,000
Net Present Value (NPV) Pre-Tax	US$	1,304,766,000
Internal Rate of Return (IRR) Post-Tax	%	36.0
Internal Rate of Return (IRR) Pre-Tax %	%	41.8

Description	Units	Values
Average Annual Production (as LiOH·H₂O)	tpa^[1]	30,000^[2]
Plant Operation	years	20
Total Capital Cost (CAPEX)	US$	869,868,000^[3]
Operating Cost (OPEX) per year	US$/yr	77,972,000^[4]
OPEX per tonne	US$/t	2,599
Initial Selling Price	US$/t	14,500^[5]
Average Annual Revenue	US$	570,076,000^[6]
Discount Rate	%	8.0
Net Present Value (NPV) Pre-Tax	US$	2,830,190,000
Net Present Value (NPV) Post-Tax	US$	1,965,427,000
Internal Rate of Return (IRR) Pre-Tax	%	40.5
Internal Rate of Return (IRR) Post-Tax	%	32.1

	June 30, 2022 $	June 30, 2021 $	June 30, 2020 $
Total revenue	-	-	-
Total assets	183,645,295	74,075,708	57,761,812
Working capital surplus (deficiency)	125,024,698	25,969,236	(2,605,318)
Total non-current financial liabilities	337,295	123,940	5,091,780
Net loss	38,100,312	25,434,376	9,527,368
Net loss per share	0.25	0.21	0.11

Quarter Ended	Total Revenues	Net Income/(Loss)	Earnings/(Loss) Per Share
December 31, 2020	$Nil	$ (5,764,090)	$ (0.05)
March 31, 2021	$Nil	$ (9,802,434)	$ (0.07)
June 30, 2021	$Nil	$ (7,080,345)	$ (0.05)
September 30, 2021	$Nil	$ (9,358,988)	$ (0.07)
December 31, 2021	$Nil	$ (8,567,905)	$ (0.06)
March 31, 2022	$Nil	$ (13,740,984)	$ (0.08)
June 30, 2022	$Nil	$ (6,432,435)	$ (0.04)
September 30, 2022	$Nil	$ (1,558,454)	$ (0.01)

	September 30, 2022		September 30, 2021
Non-Executive Chair of the Board, Robert Cross (Paloduro Investments Inc.)	$	33,275	$	25,000
President and Chief Operating Officer, Dr. Andy Robinson (Green Core Consulting Ltd.)		130,610		100,002
Chief Executive Officer, Robert Mintak (Rodhan Consulting & Management Services)		130,610		100,000
Director, Anthony Alvaro (Varo Corp Capital Partners Inc.)		62,500		62,500
Director, Jeffrey Barber (JSB Investments Inc.)		34,268		18,750
Director, Volker Berl (New Age Ventures LLC)		40,992		18,750
Chief Financial Officer, Kara Norman		81,631		44,520
Share-based payments		-		940,268

	$	513,886	$	1,309,790