Standard Lithium Ltd (SLI)

[jbsliverer]

Any comments on the filing.



https://www.globenewswire.com/news-release/2021/11/13/2333690/0/en/Standard-Lithium-Provides-Update-on-Annual-Filings.html

VANCOUVER, British Columbia, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project development company, advises that its audited consolidated financial statements for the fiscal year ended June 30, 2021, included in the Company’s Annual Report on Form 40-F, as amended, contains an audit opinion from its independent registered public accounting firm that includes an explanatory paragraph related to the Company’s ability to continue as a going concern. Release of this information is pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b). It does not represent any change or amendment to any of the Company’s filings for the fiscal year ended June 30, 2021.


Paragraph from the filing

https://www.sec.gov/ix?doc=/Archives/edgar/data/1537137/000117184321007873/exh_991.htm

The condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) on a going concern basis, which presume the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future. The Company has no sources of revenue and as at September 30, 2021 had an accumulated deficit of $77,976,495 (June 30, 2021 - $68,617,507). These matters raise significant doubt regarding the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to raise equity financings. These condensed consolidated interim financial statements do not include any adjustments to the amounts and classification of assets and liabilities that might be necessary should the Company be unable to continue in business.