Standard Lithium Defeats Investor Suit Over Extraction Progress

Standard Lithium Ltd. investors can’t proceed with a proposed securities class action claiming the company misrepresented its progress in commercializing lithium extraction for battery manufacturing, a federal court ruled.

The investors also failed to show how Standard Lithium’s statements that its technology was “novel” and “proprietary” misled the market, Judge Eric R. Komitee said Sept. 28 for the US District Court for the Eastern District of New York.

The demand for the metal for lithium-ion battery production and other uses has driven the search for extraction technologies, including from brine produced in gas and oil drilling. The Smackover region in ...