Berger Montague (Canada) PC Announces Shareholder Investigation Into Standard Lithium Ltd.
Berger Montague (Canada) P.C. is announcing that it has been directed by its clients to investigate Standard Lithium Ltd. (“Standard Lithium) (TSX: “SLI” and FRA: “S5L”) concerning its Third Quarter 2023 Results.
Standard Lithium held itself out as focused on commercializing its “proprietary” direct lithium extraction process, which the company claimed could achieve the remarkable recovery rate of about 90% of lithium extracted from brine.
On November 18, 2021, Blue Orca hedge fund published a report revealing that, among other things, Standard Lithium was far from achieving proof of concept at 90%.
On February 3, 2022, Hindenburg hedge fund re-confirmed the Blue Orca report that Standard Lithium indeed had not achieved proof of concept.
On November 9, 2022, Standard Lithium released its quarterly report ending September 30, 2022, that may have acknowledged the statements from November 18, 2021 and November 9, 2022.
If you purchased Standard Lithium's securities on the Toronto and Borse Frankfurt stock exchanges between October 28, 2020 and February 3, 2022, you may be eligible to recover over 10% of your investment.
Berger Montague (Canada) is based in Toronto, Ontario, and is associated with Berger Montague, P.C., which has offices in Philadelphia, Minneapolis, San Diego, San Francisco, Chicago, and Washington, D.C. You may learn more about Berger Montague (Canada) at www.bergermontague.ca .
Andrew J. Morganti, JD, LL.M. is licensed in the Province of Ontario, Canada, with clients across Canada and the European Union. He currently represents investors that purchased shares on the Canadian stock exchanges, London AIM, and European stock exchanges.
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