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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>SLI expects to publish a Definitive Feasibility Study (DFS) for its South West Arkansas Phase 1 project in 3Q25 and hopes to reach a Final Investment Decision (FID) by year- end 2025.</li><li>Management continues to work with advisors to secure offtake arrangements and evaluate project finance (debt) alternatives.</li><li>Phase 1 is designed to produce 22,500 tons/year of battery-quality lithium.</li></ul>

SLI expects to publish a Definitive Feasibility Study (DFS) for its South West Arkansas Phase 1 project in 3Q25 and hopes to reach a Final Investment Decision (FID) by year- end 2025.Management continues to work with advisors to secure offtake arrangements and evaluate project finance (debt) alternatives.Phase 1 is designed to produce 22,500 tons/year of battery-quality lithium.

Standard Lithium Ltd: SWA Phase 1 and East Texas Maiden Resource Report Expected Before End of 3Q25