Standard Lithium Ltd. · TSXV:SLI
Standard Lithium — IPO Roadshow (October 2025)
31 slides from Standard Lithium's IPO roadshow presentation, Oct 17, 2025
Slide 1: The Future of Lithium in North America
October 16, 2025 The Future of Lithium in North America Creating a Leading U.S. Lithium Business NYSE : SLI | TSX.V : SLI A final base shelf prospectus containing important information relating to the securities described in this document has been fi led with the securities regulatory authorities in
Slide 2: Cautionary Statement
Cautionary Statement This presentation and the information contained herein or provided orally in connection herewith (the “Presentation”) should be read in conjunction with the Standard Lithium Ltd.’s (the “Company”, "Standard Lithium“ or “SLI”) news releases and latest ma nag ement discussion and
Slide 3: Cautionary Statement (continued)
Cautionary Statement (continued) Forward - looking information does not take into account the effect of transactions or other items announced or occurring after th e statements are made. Forward - looking information is based upon a number of expectations and assumptions and is subject to a nu mber
Slide 4: NI 43-101 Disclosure
NI 43 - 101 Disclosure Scientific and technical information in this Presentation has been reviewed and approved by Steve Ross, P. Geo., Vice Preside nt Resource Development, of the Company, who is a “qualified person” under National Instrument 43 - 101 – Standards of Disclosure for Mineral Projects
Slide 5: Offering Summary
Offering Summary Standard Lithium Ltd. Issuer NYSE: SLI / TSX.V: SLI Exchange / Ticker Registered Follow - On Offering Format Shares of Common Stock Securities Offered $100 (100% Primary) Base Offering Size 15% of Base Deal Size (100% Primary) Underwriters’ Option to Purchase Additional Securities G
Slide 6: Standard Lithium aims to be a leading low-cost sustainable U.S. lithium producer
Standard Lithium aims to be a leading low - cost sustainable U.S. lithium producer Plans for attractive near - term commercial - scale production by applying innovative technologies to our world class assets in Arkansas and Texas We are building projects with our global partners in a region with bro
Slide 7: Investment Highlights
Investment Highlights 1. Standard Lithium press release on July 15, 2025 2. Standard Lithium press release on October 25, 2023 3. Source: Benchmark Minerals Q2 2025 Lithium Forecast 4. Standard Lithium press release on April 21, 2025 7 5. DOE grant awarded to SWA Lithium LLC, a jointly - owned U.S.
Slide 8: Delivering Made-in-America Lithium
Delivering Made - in - America Lithium 8 2018 • Executed a Memorandum of Understanding (MoU) with Lanxess to Expand Smackover Presence 2021 • Executed Joint Development Agreement with Koch (now Aquatech 1 ) to Develop and Commercialize DLE 2024 • Entered Strategic Partnership with Equinor • Executed
Slide 9: The Smackover: A World-Class Lithium Resource
9 T EXAS O KLAHOMA A RKANSAS T ENNESSEE L OUISIANA A LABAMA New Orleans Little Rock Dallas Houston 600 mi / 1000 km High - quality lithium brine resource ▪ Some of the highest recorded lithium concentrations outside of South America ▪ 8+ billion gallons of brine processed annually in Arkansas for br
Slide 10: Developing Highly Attractive U.S. Lithium Assets
T EXAS O KLAHOMA A RKANSAS L OUISIANA New Orleans Little Rock Dallas Fort Worth Baton Rouge Shreveport Austin Developing Highly Attractive U.S. Lithium Assets 10 1. Standard Lithium press release on May 8, 2024 2. South West Arkansas Project Definitive Feasibility Study dated October 14, 2025; m ax
Slide 11: South West Arkansas: First Planned U.S. Commercial DLE
22,500 TPA Lithium Carbonate Production Capacity South West Arkansas: First Planned U.S. Commercial DLE 11 Successful field - test surpassed key performance criteria DLE De - Risking Complete 1 DFS technical report released October 2025 FEED & DFS Complete Offtake and debt finance process well - adv
Slide 12: East Texas: A Premier Global Lithium Asset
East Texas: A Premier Global Lithium Asset 12 Brine mineral leasing ongoing since 2022 Land Leasing Ongoing Released September 2025 for Franklin Project (first of three) Maiden Resource Definition Complete With further planned drilling and resource characterization Progressing to PFS 806 mg/L 2 High
Slide 13: Compelling Economics Driven By High Grades
$0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 - 500 1,000 1,500 2,000 2,500 USD $ / t Production (Kt LCE) 55 127 153 205 211 442 668 0 100 200 300 400 500 600 700 800 Montney (CA) Southwest Marcellus Silver Peak (Nevada) Northeast Marcellus Salton Sea Smackover (SWA) Smackover (ETX) Lithium
Slide 14: Strong U.S. Government Support
▪ Received a $225 million grant from the Department of Energy to support the SWA Project’s construction 1 ▪ Grant aims to increase production of critical minerals in the U.S. Strong U.S. Government Support 1. Standard Lithium press release on January 16, 2025; DOE grant awarded to SWA Lithium LLC, a
Slide 15: Compelling Lithium Market Fundamentals
1.4 4.2 1.5 3.2 2025E 2035E Demand Supply Compelling Lithium Market Fundamentals 15 Expected Significant Supply Gap of 1 Mt LCE (24% of Demand) Lithium is Powering Artificial Intelligence (AI) ▪ Unprecedented need for power from generative AI driving a projected 29% CAGR for the energy storage marke
Slide 16: Growing Need for Domestic U.S. Lithium
1. Source: Benchmark Minerals Q3 2025 Lithium Forecast. Lithium chemicals defined as the refined, processed forms of lithium, in clu ding lithium hydroxide, lithium carbonate, lithium chloride, and lithium sulfate; excludes secondary conversion ` 16 U.S. Highly Reliant on China and Other Countries f
Slide 17: Strategic Access to Domestic Market
10 Strategic Access to Domestic Market 17 U.S.BATTERY MANUFACTURERS Current and in Development 6 1 2 3 4 5 Arkansas 2 Texas U.S. needs significant supply growth to meet forecasted lithium demand ▪ We believe our advantaged location gives SLI a competitive edge to be a key supplier to emerging energy
Slide 18: High Value Strategic Partnerships
High Value Strategic Partnerships From Brine to Battery Grade Lithium – Leveraging Strategic Partnerships 1 2 3 Reservoir and Well Development ▪ Equinor’s proven capabilities in reservoir and well development support project success Production and Reinjection ▪ Equinor brings significant experience
Slide 19: De-Risked DLE Technology
De - Risked DLE Technology 19 Operating commercial - scale demonstration plant ▪ Lithium Selective Sorption (LSS) unit supplied by KTS (now Aquatech ) is believed to be the largest known commercial - scale column operating in a DLE facility ▪ Achieved >95% lithium recovery and average key contaminan
Slide 20: Pathway to Final Investment Decision at SWA
Pathway to Final Investment Decision at SWA 20 Key Milestones at South West Arkansas Received royalty rate approval from the Arkansas Oil and Gas Commission for Phase I of SWA Project 1 Royalty Flowsheet has been finalized & DLE technology de - risked through successful field test at SWA FEED & DFS
Slide 21: SWA Project CAPEX Funding Sources
21 1. South West Arkansas Project Definitive Feasibility Study dated October 14, 2025 2. DOE grant awarded to SWA Lithium LLC, a jointly - owned U.S. subsidiary of Standard Lithium and Equinor for initial phase of SWA P roject 3. Based on ownership percentages at the South West Arkansas Project (55%
Slide 22: Appendix
Appendix NYSE : SLI | TSX.V : SLI
Slide 23: Capitalization & Liquidity
Capitalization & Liquidity Financial Highlights ▪ Positive working capital with no revolving or term debt obligations as of June 30, 2025 ▪ Closed a $225 million grant from the DOE 3 , one of the largest ever awarded to a U.S. critical minerals project ▪ Largest shareholder (Koch, 6.6% of total outs
Slide 24: Management Team
Management Team 24 David Park is an experienced executive with 28+ years in the energy and industrial sectors. He most recently served as President of Koch Strategic Platforms and previously as SVP of Strategy and Business Development at Georgia - Pacific, leading new platform acquisitions. He has h
Slide 25: Equinor | International Pioneers in the Energy Transition
Equinor | International Pioneers in the Energy Transition Equinor are energy experts and world - leaders in renewable and low carbon solutions Equinor is a leading multinational energy company with operations across 36 countries ▪ Historically focused on oil & gas, Equinor has expanded its presence
Slide 26: Aquatech | Critical Minerals & Metals Resource Recovery
Aquatech | Critical Minerals & Metals Resource Recovery Pioneering sustainable solutions ▪ Established in 1981 in Canonsburg, Pennsylvania with offices throughout the US, India, Europe, the Middle East and China, and a process technology R&D center in Wisconsin ▪ Successfully executed more than 2,00
Slide 27: Technology | Proven at Commercial-Scale
Technology | Proven at Commercial - Scale ▪ In March 2024, Standard Lithium successfully installed and commissioned the Li - Pro TM Lithium Selective Sorption (LSS) commercial scale unit supplied by KTS (now Aquatech ) 1 ▪ This unit is believed to be the largest known commercial - scale column opera
Slide 28: SWA | Successful Field-Test
SWA | Successful Field - Test Successfully completed the de - risking of our DLE technology with a field - test at South West Arkansas ▪ Field - pilot DLE facility exceeded key performance criteria to confirm engineering design – recovered over 99% of lithium from brine, sourced from SWA Project wel
Slide 29: South West Arkansas DFS Highlights
▪ First production targeted in 2028 with initial capacity of 22,500 tpa battery - quality Li₂CO ₃. Would mark the first commercial lithium output from the Smackover Formation ▪ 20+ year operating life supported by Resource & Reserve modeling with 481 mg/L average lithium concentration over productio
Slide 30: East Texas | Resource Overview
East Texas | Resource Overview 1. Inferred resource for Franklin Project per Standard Lithium press release on September 24, 2025 2. East Texas samples from March 28, 2023 and October 25, 2023 press releases LITHIUM CONCENTRATION RANGE 2 298 - 806 mg/L 30 Standard Lithium has secured a significant b
Slide 31: Leading a new era of responsible lithium production in America
Leading a new era of responsible lithium production in America RESOURCE TECHNOLOGY PLACE PARTNER 1075 West Georgia - Suite 1625 Vancouver, BC, Canada V6E 3C9 Vancouver Head Office 116B E. Elm Street El Dorado, Arkansas, USA 71730 3600 N. Capital of TX Hwy, Bldg. B, Ste. 230 Austin, TX, USA 78746 Ark