Raymond James Initiates Standard Lithium Coverage with Outperform Rating and $2.75 Price Target

Raymond James initiated coverage of Standard Lithium (SLI) with an Outperform rating and $2.75 price target. The firm considers Standard Lithium a leader in direct lithium extraction and notes the company's flagship South West Arkansas Project in southern Arkansas as a promising development in the direct lithium extraction space.

Rain City Resources (CSE: RAIN) has received a significant boost with the finalized independent assessment from Montrose Environmental Group confirming the operational and commercial viability of Avonlea Lithium Corporation's (ALC) proprietary ACCELi (Advanced Chemical Cavitation Extraction of Lithium) process [1]. The pilot plant tested lithium-rich brine recovered from hydraulic fracturing operations in the Marcellus Shale, demonstrating strong results despite suboptimal conditions. The ACCELi process achieved a 69.3% lithium recovery rate and produced lithium phosphate solids with a purity of 94.2% [1].

The ACCELi process also extracted valuable by-products, including barium, strontium, magnesium, and calcium, and produced industrial-grade calcium carbonate (98% purity) [1]. This modular and scalable design positions Rain as a differentiated player in the Direct Lithium Extraction (DLE) landscape, particularly in water-scarce regions such as the South American Salars [1].

Rain is now actively engaging with potential partners and stakeholders in South America and progressing commercial negotiations with the owners of the Springville Kendra II facility in Pennsylvania [1]. The company is also in discussions to accelerate its commercial strategy in South America, leveraging the ACCELi process's advantages in water-scarce environments.

Corporate Matters
Rain has secured a credit facility of $64,747.25 (US$47,500) through a one-year unsecured convertible note and has settled debt to certain advisory board members for bonafide services provided [1]. Additionally, the company has granted stock options to an officer and a consultant, totaling 800,000 shares, and to CFO Jacqueline Danforth and consultant Ron Shenton, each receiving 400,000 shares [1]. The company now has a total of 5,200,000 stock options outstanding.

References:
[1] https://finance.yahoo.com/news/rain-city-resources-announces-receipt-162200378.html