Comparing us to Standard Lithium is not comparable but interesting at least. Standard Lithium has a direct extraction plant in Arkansas, then sent there concentrate to B.C. in Canada for processing which yielded a 99.92% purity after testing at a third party lab.
So from my basic understanding, they have a very similar process to Lake and a similar yield, etc.
Big differences are they are in the USA, their resource is in the USA, their processing is in the USA and testing, etc also in Nth America. Our resource is in Argentina, our plant is to be in Argentina, will our processing of the resource be done in Argentina? Then testing in Nova Scotia Canada.
Obviously they have been around for awhile and have the people on the team. We are a small startup.
Their market cap currently is $388.38m USD. 129.08m shares. Current share price is $3.01 USD.
Our current market cap is $51.89m USD ($66.83m AUD) with 835.5m shares at $0.061 USD ($0.08 AUD).
So similar yet so different.
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