LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Standard Lithium Ltd. (“Standard Lithium” or “the Company”) (NYSE American: SLI) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Standard Lithium is the subject of a research report published by Blue Orca Capital on November 18, 2021. According to the report, the Company’s claims of 90% extraction rates of battery-grade lithium from its Arkansas sites are not supported by filings with state regulators. The report also claims that the Company’s claims of achieving “proof of concept” with extraction technology are false. The Company’s German joint venture partner reportedly says proof of concept has not been achieved and that “extraction is not fully there where we would like it to be.” Based on this news, shares of Standard Lithium fell more than 23% in intraday trading on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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