Why Standard Lithium Stock Soared Today

Lithium mining start-up Standard Lithium (NYSEMKT: SLI), which (six months after I last wrote about it) still isn't actually producing any lithium at all, is nonetheless enjoying a banner day on the stock market Tuesday, its shares up 7.8% through 10:10 a.m. ET. And why?Standard Lithium could soon turn into a real lithium company. In an 8-K filing with the SEC this morning (containing a press release apparently issued yesterday), Standard Lithium announced that the South West Arkansas project (SWA) of its Smackover Lithium joint venture with Norwegian energy concern Equinor ASA has been designated a "priority transparency critical mineral project" under President Trump's Executive Order 14241 on "Immediate Measures to Increase American Mineral Production."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool