Reported 3 days ago
Standard Lithium saw a significant decline in its stock price, dropping 27.9% after announcing a $130 million stock sale at a discount to its previous closing price. The move comes as the company seeks to raise funds for operations, capitalizing on a recent surge in its stock amid growing government support for domestic critical material sources. Despite its potentially significant assets, the firm is in a cash-strapped 'pre-commercial' phase, highlighting the risks associated with higher valuations in the critical minerals sector.
Source: YAHOO