Standard Lithium (SLI) 6-K9 Feb 232023 Q2 Condensed Consolidated Interim Financial StatementsFinancial data

Company Profile

Cover

Cover	6 Months Ended
Cover	Dec. 31, 2022
Document Information [Line Items]
Entity Registrant Name	Standard Lithium Ltd
Entity Central Index Key	0001537137
Document Type	6-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--06-30

Condensed Consolidated Interim

Condensed Consolidated Interim Statements of Financial Position - CAD ($)	Dec. 31, 2022	Jun. 30, 2022
Current assets
Cash	$ 107,369,473	$ 129,065,348
Receivables	1,049,952	1,135,095
Prepaid expenses	1,010,929	1,603,997
Total current assets	109,430,354	131,804,440
Non-current assets
Reclamation deposit	84,865	80,742
Exploration and evaluation assets	51,592,439	41,127,501
Intangible asset	1,455,838	1,500,540
Pilot plant	812,640	985,057
Asset under construction - Commercial plant	9,346,041	4,533,458
Right of use asset	292,043	379,650
Deposits	31,878	12,416
Investment in Aqualung Carbon Capture SA	3,385,990	3,221,491
Non-current assets	67,001,734	51,840,855
TOTAL ASSETS	176,432,088	183,645,295
Current liabilities
Accounts payable and accrued liabilities	4,231,966	6,597,682
Lease liability - short-term	166,929	182,060
Total current liabilities	4,398,895	6,779,742
Non-current liabilities
Lease liability - long-term	137,438	208,435
Decommissioning provision	135,440	128,860
Total non-current liabilities	272,878	337,295
TOTAL LIABILITIES	4,671,773	7,117,037
EQUITY
Share capital	262,259,192	262,046,589
Reserves	22,936,849	21,945,204
Deficit	(115,156,608)	(106,717,819)
Accumulated other comprehensive income (loss)	1,720,882	(745,716)
TOTAL EQUITY	171,760,315	176,528,258
TOTAL LIABILITIES AND EQUITY	$ 176,432,088	$ 183,645,295

Condensed Consolidated Interi_2

Condensed Consolidated Interim Statements of Comprehensive Income (Loss) - CAD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Expenses
Advertising and investor relations	$ 85,983	$ 48,870	$ 153,677	$ 115,064
Amortisation of intangible assets	20,797	48,152	68,949	96,304
Amortisation of office lease	46,189	20,736	91,660	20,736
Amortisation of pilot plant	4,000	3,729,731	205,636	7,342,858
Carbon Capture research & development		10,139		10,139
Consulting fees	1,068,184	392,771	1,569,315	762,003
Filing and transfer agent	49,428	156,760	198,093	186,620
Foreign exchange (gain)/loss	1,265,601	271,608	(5,229,000)	263,201
Management fees	510,418	370,712	1,024,304	740,234
Office and administration	700,381	630,249	1,638,619	1,228,397
Patent	223,952	119,270	468,325	236,160
Pilot plant operations	3,099,490	1,944,764	5,975,043	4,281,206
Preliminary economic assessment		33,657		87,130
Professional fees	146,268	369,004	1,386,230	682,871
Project investigation	192,465	260,614	1,138,454	575,859
Share-based payments	301,271	71,711	1,091,749	1,186,845
Travel	112,964	103,518	159,573	125,627
Loss from operations before other items	(7,827,391)	(8,582,266)	(9,940,627)	(17,941,254)
Interest income	952,785	18,576	1,512,335	18,576
Interest and accretion expense	(5,729)	(4,215)	(10,497)	(4,215)
Net loss for the period	(6,880,335)	(8,567,905)	(8,438,789)	(17,926,893)
Other comprehensive income (loss)
Currency translation differences of foreign operations	(1,149,922)	(257,652)	2,466,598	933,253
Total comprehensive income (loss)	$ (8,030,257)	$ (8,825,557)	$ (5,972,191)	$ (16,993,640)
Weighted average number of common shares outstanding - basic	166,552,197	151,389,324	166,457,676	147,394,452
Weighted average number of common shares outstanding - diluted	166,552,197	151,389,324	166,457,676	147,394,452
Basic loss per share	$ (0.04)	$ (0.06)	$ (0.05)	$ (0.12)
Diluted loss per share	$ (0.04)	$ (0.06)	$ (0.05)	$ (0.12)

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Changes in Equity - CAD ($)	Issued capital	Reserves	Deficit	Accumulated other comprehensive income (loss)	Total
Balance at Jun. 30, 2021	$ 122,996,406	$ 19,563,420	$ (68,617,507)	$ (2,398,853)	$ 71,543,466
Balance (in shares) at Jun. 30, 2021	141,166,203
Share-based payment		1,186,845			1,186,845
Shares issued for private placement, net of costs	$ 118,240,689	2,211,663			120,452,352
Shares issued for private placement, net of costs (in shares)	13,480,083
Share issuance costs	$ (241,396)				(241,396)
Warrants exercised	$ 6,306,982				6,306,982
Warrants exercised (in shares)	5,635,147
Stock options exercised	$ 1,698,280	(952,780)			745,500
Stock options exercised (in shares)	750,784
Net loss for the period			(17,926,893)		(17,926,893)
Currency translation differences for foreign operations				933,253	933,253
Balance at Dec. 31, 2021	$ 249,000,961	22,009,148	(86,544,400)	(1,465,600)	183,000,109
Balance (in shares) at Dec. 31, 2021	161,032,217
Balance at Jun. 30, 2022	$ 262,046,589	21,945,204	(106,717,819)	(745,716)	176,528,258
Balance (in shares) at Jun. 30, 2022	166,402,197
Share-based payment		1,091,749			1,091,749
Stock options exercised	$ 212,603	(100,104)			112,499
Stock options exercised (in shares)	150,000
Net loss for the period			(8,438,789)		(8,438,789)
Currency translation differences for foreign operations				2,466,598	2,466,598
Balance at Dec. 31, 2022	$ 262,259,192	$ 22,936,849	$ (115,156,608)	$ 1,720,882	$ 171,760,315
Balance (in shares) at Dec. 31, 2022	166,552,197

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Cash Flows - CAD ($)	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from (used in) operating activities
Net loss	$ (8,438,789)	$ (17,926,893)
Add items not affecting cash
Share-based payments	1,091,749	1,186,845
Foreign exchange	(3,919,671)	(30,257)
Amortisation - pilot plant	205,636	7,342,858
Amortisation - intangible assets	68,949	96,303
Amortisation - office lease	91,660	20,736
Interest expense	10,497	4,215
Net changes in non-cash working capital items to operations:
Receivables	85,143	(7,288)
Prepaid expenses	593,628	(2,243,512)
Accounts payable and accrued liabilities	(1,661,351)	(1,609,101)
Net cash used in operating activities	(11,872,549)	(13,166,094)
Cash flows used in investing activities
Exploration and evaluation assets	(7,608,438)	(1,554,435)
Pilot plant		(800,859)
Commercial plant development	(5,723,481)	(166,565)
Patent	(24,247)
Net cash used in investing activities	(13,356,166)	(2,521,859)
Cash flows from financing activities
Proceeds from private placement		120,452,352
Share issuance costs		(241,396)
Exercise of warrants		6,306,982
Exercise of options	112,499	745,500
Lease payments	(96,617)	(22,856)
Net cash from financing activities	15,882	127,240,582
Effect of exchange rates on cash	3,516,958
Net change in cash	(21,695,875)	111,552,629
Cash, beginning of period	129,065,348	27,988,471
Cash, end of year	$ 107,369,473	$ 139,541,100

Nature of Operations

Nature of Operations	6 Months Ended
Nature of Operations	Dec. 31, 2022
Nature of Operations
Nature of Operations	1. Nature of Operations Standard Lithium Ltd. (the “Company”) was incorporated under the laws of the Province of British Columbia on August 14, 1998 under the name Tango Capital Corp. On April 7, 1999, the Company changed its name to Patriot Capital Corp. and then to Patriot Petroleum Corp. effective March 5, 2002. On December 1, 2016, the Company continued under the Canadian Business Corporations Act and changed its name to Standard Lithium Ltd. The Company’s principal operations are comprised of exploration for and development of lithium brine properties in the United States of America (“USA”). The address of the Company’s corporate office and principal place of business is Suite 110, 375 Water Street, Vancouver, British Columbia, Canada, V6B 5C6. The Company’s shares are listed on the TSX Venture Exchange and NYSE American Stock Exchange under the symbol “SLI” and the Frankfurt Exchange in “S5L”. During March 2020, the World Health Organisation declared COVID-19 a global pandemic. This contagious disease outbreak and related adverse developments, has adversely affected workforces, economies and financial markets globally, leading to an economic downturn. The impact of COVID-19 on the Company’s operations has not been significant, but management continues to monitor the situation.

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Dec. 31, 2022
Basis Of Presentation
Basis of Presentation	2. Basis of Presentation a) Statement of compliance The annual consolidated financial statements of the Company, including comparatives, have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS). These condensed interim consolidated financial statements have been prepared in accordance with IAS 34, Interim Financial Reporting (IAS 34). These condensed consolidated interim financial statements do not include all of the information required of a complete set of consolidated financial statements and are intended to provide users with an update in relation to events and transactions that are significant to an understanding of the changes in financial position and the performance of the Company since the end of its last annual reporting period. It is therefore recommended that these condensed consolidated interim financial statements be read in conjunction with the annual consolidated financial statements of the Company for the year ended June 30, 2022, which were prepared in accordance with IFRS. b) Basis of consolidation The consolidated financial statements of the Company include the accounts of the Company and its 100% wholly owned subsidiaries which the Company controls.

Investment

Investment	6 Months Ended
Investment	Dec. 31, 2022
Investment
Investment	3. Investment On May 5, 2022, the Company entered into an agreement to purchase 179,175 common shares of Aqualung Carbon Capture AS (“Aqualung”) for $3,113,991 (NOK 23.3 million), representing an approximate 4.55% ownership in Aqualung. Aqualung is engaged in Carbon Capture technology and is based out of Norway with operations in the United States. As of December 31, 2022, the Company had not received its share certificates as Aqualung was registering them in Norway. Changes in the Company’s Investment in Aqualung during the period ended December 31, 2022 are summarized as follows: Initial investment $ 3,113,991 Effect of movement in foreign exchange rates 107,500 Balance, June 30, 2022 3,221,491 Effect of movement in foreign exchange rates 164,499 Balance, December 31, 2022 $ 3,385,990

Exploration and Evaluation Expe

Exploration and Evaluation Expenditures	6 Months Ended
Exploration and Evaluation Expenditures	Dec. 31, 2022
Exploration and Evaluation Expenditures
Exploration and Evaluation Expenditures	4. Exploration and Evaluation Expenditures California Arkansas Other Smackover Property Property Exploration Total $ $ $ $ Acquisition costs: Balance, June 30, 2021 12,768,549 12,107,486 - 24,876,035 Acquisition of property 5,183,941 1,642,281 - 6,826,222 Effect of movement in foreign exchange rates 506,868 480,627 - 987,495 Balance, June 30, 2022 18,459,358 14,230,394 - 32,689,752 Acquisition of property 126,087 1,354,400 299,238 1,779,725 Effect of movement in foreign exchange rates 942,593 726,649 - 1,669,242 Balance, December 31, 2022 19,528,038 16,311,443 299,238 36,138,719 Exploration Costs: Balance, June 30, 2021 4,153,051 2,561,108 - 6,714,159 Exploration costs 14,820 1,442,241 - 1,457,061 Effect of movement in foreign exchange rates 164,861 101,668 - 266,529 Balance, June 30, 2022 4,332,732 4,105,017 - 8,437,749 Exploration costs 4,790 3,532,793 3,047,529 6,585,112 Effect of movement in foreign exchange rates 221,244 209,615 - 430,859 Balance, December 31, 2022 4,558,766 7,847,425 3,047,529 15,453,720 Balance, June 30, 2022 22,792,090 18,335,411 - 41,127,501 Balance, December 31, 2022 24,086,804 24,158,868 3,346,767 51,592,439 4. Exploration and Evaluation Expenditures – continued California Property On August 11, 2016, the Company entered into an option purchase and assignment agreement (the “Option Purchase Agreement”) with TY & Sons Explorations (Nevada), Inc. (“TY & Sons”) and Nevada Alaska Mining Company Inc. (“Nevada Mining”), pursuant to which the Company acquired all of TY & Sons’ right, title and interest in a property option agreement between TY & Sons and Nevada Mining, as property owner (the “Underlying Option Agreement”). Under the Underlying Option Agreement, TY & Sons had the option (the “Option”) to acquire from Nevada Mining an interest in the California Property (collectively, the “Option Purchase”), which comprises mineral claims situated in San Bernardino County, California. The transaction, having received the approval of the TSX Venture Exchange, closed on November 17, 2016. As consideration, the Company issued 14,000,000 common shares of the Company and paid certain costs incurred to TY & Sons. In order to exercise the Option pursuant to the terms of the Underlying Option Agreement, the Company was required to pay the total sum of US$325,000 and issue an aggregate of 2,500,000 common shares to Nevada Mining as follows: ● US $125,000 on closing of the Option Purchase Agreement (paid) ● US $50,000 on or before July 7, 2017 (paid) ● US $50,000 on or before July 7, 2018 (paid) ● US $50,000 on or before July 7, 2019 (paid) ● US $50,000 on or before July 7, 2020 (paid) ● Issue 500,000 common shares on closing of the Option Purchase Agreement (issued) ● Issue 500,000 common shares on or before October 1, 2017 (issued) ● Issue 500,000 common shares on or before October 1, 2018 (issued) ● Issue 500,000 common shares on or before October 1, 2019 (issued) ● Issue 500,000 common shares on or before October 1, 2020 (issued) The property is subject to a 2.5% net smelter return royalty on commercial production from the mineral claims, in favour of Nevada Mining. The property is also subject to an additional 0.5% net smelter returns royalty applicable to any after acquired properties in the area of interest stipulated by the Option Purchase Agreement, also in favour of Nevada Mining. 4. Exploration and Evaluation Expenditures – continued California Property – continued On May 1, 2017, the Company signed a Property Lease Agreement with National Chloride Company of America (“National Chloride”) for rights to an adjacent property to the California Property, with approximately 12,290 acres. Under this Property Lease Agreement, the Company paid US$25,000 at signing of a Letter of Intent and agreed to pay the total sum of US$1,825,000 and issue an aggregate of 1,700,000 common shares of the Company to National Chloride as follows: ● US $25,000 on the Purchase Agreement date (paid) ● US $50,000 on or before November 24, 2017 (paid) ● US $100,000 on or before May 24, 2018 (paid) ● US $100,000 on or before May 24, 2019 (paid) ● US $100,000 on or before May 24, 2020 (paid) ● US $100,000 on or before May 24, 2021 (paid) ● US $100,000 on or before May 24, 2022 (paid) ● US $250,000 upon successful completion of a pre-feasibility study ● US $1,000,000 upon successful completion of a bankable feasibility study ● Issue 100,000 common shares on the closing date (issued) ● Issue 100,000 common shares on or before November 24, 2017 (issued) ● Issue 200,000 common shares on or before May 24, 2018 (issued) ● Issue 200,000 common shares on or before May 24, 2019 (issued) ● Issue 200,000 common shares on or before May 24, 2020 (issued) ● Issue 200,000 common shares on or before May 24, 2021 (issued) ● Issue 200,000 common shares on or before May 24, 2022 (issued) ● Issue 500,000 common shares successful completion of a pre-feasibility study It is expressly agreed that the “Leased Rights” are limited to lithium exploration and production activities and operations. The Company has agreed to pay a two percent royalty on gross revenue derived from the properties to National Chloride, subject to a minimum annual royalty payment of US $500,000 . On September 1, 2017, the Property Lease Agreement was amended to include an additional approximately 6,000 acres adjacent to the 12,290 acres. The amendment agreement continues all the economic terms of the previous lease agreement with National Chloride, with the additional requirement that the Company will be responsible for ongoing carrying costs associated with the additional claims. A payment of $56,873 (US $44,805 ) was made to the Bureau of Land Management, Department of the Interior (“BLM”) for these carrying costs and remains in good standing with National Chloride for all subsequent payments. On April 23, 2018 the Company entered into an exploration and option agreement (“EOA”), with TETRA Technologies, Inc. (“TETRA”), to secure access to additional operating and permitted land consisting of approximately 12,100 acres in Bristol Dry Lake, and up to 11,840 acres in the adjacent Cadiz Dry Lake, Mojave Desert, California. The EOA with TETRA allows for the exclusive right to negotiate and conduct exploration activities and to enter into a mineral lease to allow exploration and production activities for lithium extraction on property held under longstanding mining claims and permits by TETRA. 4. Exploration and Evaluation Expenditures – continued California Property – continued In connection with the entering into of the EOA, the Company made a non-refundable deposit of $135,440 (US $100,000 ) (See Note 5), ● US $100,000 initial payment on April 23, 2018 (paid) ● US $100,000 on or before October 23, 2018 (paid) ● US $200,000 on or before April 23, 2019 (paid) ● US $200,000 on or before April 23, 2020 (paid) ● US $200,000 on or before April 23, 2021 (paid) ● US $200,000 on or before April 23, 2022 (paid) ● US $200,000 on or before April 23, 2023 ● US $500,000 upon successful completion of a pre-feasibility study ● US $1,000,000 upon successful completion of a bankable feasibility study ● Issue 200,000 common shares on April 23, 2018 (issued) ● Issue 200,000 common shares on or before October 23, 2018 (issued) ● Issue 400,000 common shares on or before April 23, 2019 (issued) ● Issue 400,000 common shares on or before April 23, 2020 (issued) ● Issue 400,000 common shares on or before April 23, 2021 (issued) ● Issue 400,000 common shares on or before April 23, 2022 (issued) ● Issue 400,000 common shares on or before April 23, 2023 ● Issue 1,000,000 common shares successful completion of a pre-feasibility study 4. Exploration and Evaluation Expenditures – continued Arkansas Properties South-West Arkansas Project On July 26, 2017, the Company entered into a Memorandum of Understanding (MOU) with a non-affiliated NYSE-listed company (the “Vendor”) with regard to an option to acquire certain rights to conduct brine exploration and production and lithium extraction activities on approximately 33,000 net brine acres located in Columbian and Lafayette Counties, Arkansas. At signing of the MOU, a non-refundable deposit of $614,150 (US$500,000) was made with additional fees and payment obligations in the future, and subject to certain conditions. On December 29, 2017, the Company entered into an Option Agreement to proceed with the transaction (the “Agreement Date”). Under this Option Agreement, the Company will be required to make payments to the Vendor as follows: ● US $500,000 before January 28, 2018 (paid) ● An additional US $600,000 on or before December 29, 2018 (paid) ● An additional US $700,000 on or before December 29, 2019 (paid) ● An additional US $750,000 on or before December 29, 2020 (paid) ● Additional annual payments of US $1,000,000 on or before each annual anniversary of the Agreement Date, beginning with that date that is 48 months following the Agreement Date, until the earlier of the expiration of the Exploratory Period or, if the Optionee exercises the Option, the Optionee beginning payment of the Royalty. These additional annual payments were made on December 14, 2021 and December 8, 2022. During the Option Period, at any time following the commencement of Commercial Production, the Company agreed to pay a Royalty of 2.5% of gross revenue (minimum Royalty US$1,000,000) to the underlying owner. Arkansas Lithium Project On May 4, 2018, the Company entered into a 4. Exploration and Evaluation Expenditures – continued Arkansas Properties – continued Arkansas Lithium Project – continued On February 23, 2022, the Company and LANXESS entered into an amended and restated MOU (the “Agreement”) that streamlines and expedites the plan for development of the first commercial lithium project in Arkansas, which is to be constructed at an operational LANXESS facility in El Dorado, AR (the “Project”). Under the Agreement, the Company will control all development of the Project leading up to and including the completion of the Front End Engineering Design (“FEED”) study. The Company will form an initially wholly-owned company (the “Project Company”) that owns 100% of the Project during pre-FEED and FEED engineering studies and the FEED engineering will be used to produce a NI 43-101 Definitive Feasibility Study (“DFS”). Upon completion of the DFS, LANXESS has the option to acquire an equity interest of up to 49% and not less than 30% in the Project Company, at a price equal to a ratable share of the Company’s aggregate investment in the Project Company. The Company will also retain 100% ownership of its South-West Arkansas Project, all of the proprietary extraction technologies, relevant intellectual property and know-how.

Intangible asset

Intangible asset	6 Months Ended
Intangible asset	Dec. 31, 2022
Intangible asset
Intangible asset	5. Intangible assets On December 13, 2018, the Company acquired 2661881 Ontario Limited (“2661881”) from Craig Johnstone Brown (“Brown”) by purchasing all the issued and outstanding shares. 2661881 holds the intellectual property rights to a process for the selective extraction of lithium from brine solutions (the “IP Assets”). The consideration payable by the Company to Brown was comprised of cash and common shares of the Company as follows: (i) $50,000 deposit (paid); (ii) $250,000 on the closing date (paid); (iii) $250,000 promissory note payable six months after the closing date (paid); (iv) 500,000 common shares on the closing date (issued); (v) $500,000 payable on the earlier of (i) the third anniversary of the closing date, (ii) the date that the Company conclusively determines whether or not to proceed with the commercial development of the IP Assets (regardless of the outcome of such decision); or (iii) such other date as the Company and Brown may agree in writing (the “Investment Date”) (paid); and (vi) 500,000 shares issuable on the earlier of (i) the third anniversary of the closing date, (ii) the date that the Company conclusively determines whether to proceed with the commercial development of the IP Assets (regardless of the outcome of such decision); or (iii) such other date as the Company and Brown may agree in writing (the “Investment Date”) (issued). On October 28, 2019, the Company agreed to accelerate the timeframe of completion of the payments and common share issuances detailed under items (v) and (vi) above to Brown by making (a) a cash payment of $250,000, on or before November 15, 2019 (paid); and (b) a further $250,000 (paid), and the issuance of 500,000 common shares (issued) on or before December 31, 2019. As at June 30, 2020, the Company had satisfied all payment and share issuance obligations due and owing with respect to the acquisition of 2661881 as detailed above. 5. Intangible assets – continued The carrying value of the intangible assets is as follows: IP Assets Patents Total Balance, June 30, 2021 $ 1,691,575 $ - $ 1,691,575 Amortisation (191,035) - (191,035) Balance, June 30, 2022 1,500,540 - 1,500,540 Amortisation (68,949) - (68,949) Additions - 24,247 24,247 Balance, December 31, 2022 $ 1,431,591 $ 24,247 1,455,838 The intangible asset represents purchase of intellectual property rights and was put in use in conjunction with the operation of the Company’s pilot plant on May 9, 2020 (Note 6). On November 1, 2022, the Company received Notices of Allowance from the United States Patent and Trademark Office (“USPTO”) for its first two U.S. patent applications; serial no.16/410523 and serial no. 16/224463, and on December 29, 2022, the Company received a Notice of Allowance from USPTO for its third U.S. patent application serial no. 16/895783, all titled “Process for Recovering Lithium from Brines”, a novel and proprietary technique for continuous Direct Lithium Extraction (“DLE”) from lithium brines. During the period ended December 31, 2022, the Company started capitalizing the expenditures related to issued Patents and have prospectively adjusted the straight-line amortisation of the Intangible Assets over 20 years through June 30, 2039.

Pilot plant

Pilot plant	6 Months Ended
Pilot plant	Dec. 31, 2022
Pilot plant
Pilot plant	6. Pilot plant As at December 31, 2022, the carrying value of the pilot plant is summarized as follows: $ Balance at June 30, 2021 12,338,741 Additions 1,929,020 Amortisation (13,355,544) Effect of movement in foreign exchange rates 72,840 Balance at June 30, 2022 985,057 Amortisation (205,636) Effect of movement in foreign exchange rates 33,219 Balance at December 31, 2022 812,640 6. Pilot plant – continued Pilot plant operations costs are comprised of the following: Three months ended Six months ended December 31, December 31, 2022 2021 2022 2021 Internet $ 2,625 $ 2,757 $ 5,465 $ 5,528 Personnel 1,733,175 770,870 3,042,447 1,711,397 Reagents 149,138 387,136 584,467 759,511 Repairs and maintenance 1,708 117,462 8,959 185,023 Supplies 931,692 297,978 1,682,226 651,049 Testwork 237,651 274,729 559,606 385,463 Office trailer rental 7,146 8,000 19,543 15,599 Utilities 36,355 101,650 72,330 605,458 Foreign exchange - (15,818) - (37,822) Total pilot plant operations costs 3,099,490 1,944,764 5,975,043 4,281,206

Asset under construction - Comm

Asset under construction - Commercial Plant	6 Months Ended
Asset under construction - Commercial Plant	Dec. 31, 2022
Asset under construction - Commercial Plant.
Asset under construction - Commercial Plant	7. Asset under construction – Commercial Plant The Company is developing a commercial plant for the extraction of battery-grade lithium from tail brine from a stand-alone facility located adjacent to the LANXESS facility in southern Arkansas. The commercial plant is under development and not available for use and therefore not subject to depreciation as at December 31, 2022.

Share Capital

Share Capital	6 Months Ended
Share Capital	Dec. 31, 2022
Share Capital
Share Capital	8. Share Capital a) Authorized capital Unlimited number of common voting shares without nominal or par value 8. Share Capital – continued a) Authorized capital – continued During the six months ended December 31, 2022, the Company issued a total of 150,000 common shares for the exercise of stock options. The Company received proceeds of $112,500 and reclassified $100,104 from reserve to share capital upon exercise. b) Warrants Warrant transactions are summarized as follows: Weighted Number of average warrants exercise price Balance at June 30, 2021 9,813,870 1.13 Issued 336,877 11.09 Exercised (6,684,892) 1.12 Expired (3,353) 1.30 Balance at June 30, 2022 and December 31, 2022 3,462,502 2.16 The weighted average contractual life of the warrants outstanding is 1.39 years. As at December 31, 2022, 3,125,625 warrants with an exercise price of $1.20 with an expiry on June 10, 2024 and 336,877 warrants with an exercise price of $11.09 with an expiry on November 30, 2023 remain outstanding. c) Options The Company has a stock option plan in place under which it is authorized to grant options to officers, directors, employees, consultants and management company employees enabling them to cumulatively acquire up to 10% of the issued and outstanding common stock of the Company. Under the plan, the exercise price of each option shall not be less than the price permitted by any stock exchange. The options can be granted for a maximum term of 10 years. During the six months ended December 31, 2022, the Company did not grant any options. Number of Weighted average options exercise price Balance at June 30, 2021 13,750,784 $ 1.29 Options exercised (4,410,784) 1.00 Options granted 1,170,000 7.35 Options expired (340,000) 0.96 Balance at June 30, 2022 10,170,000 $ 2.11 Options exercised (150,000) 0.75 Balance at December 31, 2022 10,020,000 $ 2.13 8. Share Capital – continued c) Options – continued The following table summarizes stock options outstanding and exercisable at December 31, 2022: Options Outstanding Options Exercisable Weighted Weighted Weighted Average Average Average Exercise Number Remaining Exercise Exercise Price of Contractual Life Price Number Price $ Shares (years) $ Exercisable $ 0.75 450,000 0.34 0.75 450,000 0.75 0.76 4,450,000 0.19 0.76 4,450,000 0.76 1.40 1,900,000 0.68 1.40 1,900,000 1.40 2.10 450,000 0.14 2.10 450,000 2.10 3.39 1,200,000 3.05 3.39 1,200,000 3.39 3.43 400,000 1.28 3.43 400,000 3.43 6.08 200,000 3.55 6.08 200,000 6.08 6.31 200,000 4.18 6.31 150,000 6.31 7.55 500,000 2.12 7.55 500,000 7.55 8.25 170,000 4.21 8.25 170,000 8.25 9.40 100,000 4.28 9.40 75,000 9.40 10,020,000 1.02 2.13 9,945,000 2.09

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Dec. 31, 2022
Related Party Transactions.
Related Party Transactions	9. Related Party Transactions Key management personnel are persons responsible for planning, directing and controlling the activities of the entity, and include directors and officers of the Company. Compensation to key management is comprised of the following: December 31, December 31, 2022 2021 Management fees $ 1,024,304 $ 740,234 Share-based payments - 940,268 $ 1,024,304 $ 1,680,502 As at December 31, 2022, there is $229,310 (June 30, 2022: $287,063) in accounts payable and accrued liabilities owing to officers of the Company. Amounts due to/from the key management personnel are non-interest bearing, unsecured and have no fixed terms of repayment. 9. Related Party Transactions – continued On June 17, 2022, the Company entered into a Master Services Agreement (“the MSA”) with Telescope Innovations Corp. (“Telescope”). Robert Mintak, CEO of the Company and Dr. Andy Robinson, President and COO of the Company are directors of Telescope Innovations Corp. Under the MSA, Telescope will provide various research and development (“R&D”) services for the purpose of developing new technologies. The Company will fund an initial project for one year under the MSA, which will aim to evaluate the use of captured CO 2 2 Amounts due to Telescope are non-interest bearing, unsecured and have no fixed terms of repayment. As at December 31, 2022, there is $41,493 (June 30, 2022: $793,310) in accounts payable and accrued liabilities owing to Telescope Innovations Corp.

Financial Instruments and Finan

Financial Instruments and Financial Risk Management	6 Months Ended
Financial Instruments and Financial Risk Management	Dec. 31, 2022
Financial Instruments and Financial Risk Management
Financial Instruments and Financial Risk Management.	10. Financial Instruments and Financial Risk Management The fair value of financial instruments is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair values are determined by reference to quoted market prices, as appropriate, in the most advantageous market for that instrument to which the Company has immediate access. In the absence of an active market, fair values are determined based on prevailing market rates for instruments with similar characteristics. The fair value of current financial instruments approximates their carrying value as they are short term in nature. Financial instruments that are held at fair value are categorized based on a valuation hierarchy which is determined by the valuation methodology utilized: Level 1 – quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 – inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is as prices) or indirectly (that is, derived from prices). Level 3 – inputs for the asset or liability that are not based on observable market data (unobservable inputs). There were no transfers between Levels 1, 2 or 3 for the period ended December 31, 2022 and the year ended June 30, 2022. 10. Financial Instruments and Financial Risk Management – continued The following table sets forth the Company’s financial assets measured at fair value by level within the fair value hierarchy: December 31, 2022 Level 1 Level 2 Level 3 Total Investment in Aqualung Carbon Capture SA $ - $ 3,385,990 $ - $ 3,385,990 June 30, 2022 Level 1 Level 2 Level 3 Total Investment in Aqualung Carbon Capture SA $ - $ 3,221,491 $ - $ 3,221,491 The Company’s Board of Directors has the overall responsibility for the establishment and oversight of the Company’s risk management framework. The Company’s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and in response to the Company’s activities. Management regularly monitors compliance with the Company’s risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. In the normal course of operations, the Company is exposed to various risks such as commodity, interest rate, credit, and liquidity risk. To manage these risks, management determines what activities must be undertaken to minimize potential exposure to risks. The objectives of the Company in managing risk are as follows: ● ● ● In order to satisfy these objectives, the Company has adopted the following policies: ● recognize and observe the extent of operating risk within the business; ● identify the magnitude of the impact of market risk factors on the overall risk of the business and take advantage of natural risk reductions that arise from these relationships. (i) Credit risk Credit risk is the risk of loss if counterparties do not fulfill their contractual obligations and arises principally from trade receivables. The maximum credit risk is the total of our financial assets, including cash. 10. Financial Instruments and Financial Risk Management – continued (ii) Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they come due. The Company manages this risk by careful management of its working capital (current assets less current liabilities) to ensure its expenditures will not exceed available resources. At December 31, 2022, the Company has working capital of $105,031,459 (June 30, 2022: working capital balance of $125,024,698). (iii) Foreign Exchange Risk Currency risk is the risk to the Company’s earnings that arises from fluctuations of foreign exchange rates and the degree of volatility of these rates. The Company does not use derivative instruments to reduce its exposure to foreign currency risk. The Company is exposed to currency risk through the following assets and liabilities denominated in US dollars: December 31, 2022 June 30, 2022 $ $ Cash 90,905,778 106,802,040 Accounts payable (3,577,329) (3,431,920) At December 31, 2022, US Dollar amounts were converted at a rate of USD 1.00 to CAD 1.3544. A 10% increase or decrease in the US Dollar relative to the Canadian Dollar would result in a change of approximately $8,733,000 (June 30, 2022: $10,337,000) in the Company’s comprehensive loss for the year to date.

Litigation Matters

Litigation Matters	6 Months Ended
Litigation Matters	Dec. 31, 2022
Litigation Matters
Litigation Matters	11. Litigation Matters On January 27, 2022, a putative securities class action lawsuit was filed against the Company, Robert Mintak, and Kara Norman in the United States District Court for the Eastern District of New York, captioned Gloster v. Standard Lithium Ltd., et al., 22-cv-0507 (E.D.N.Y.) (the “Action”). The complaint purports to seek relief on behalf of a class of investors who purchased or otherwise acquired the Company’s publicly traded securities between May 19, 2020 and November 17, 2021, and asserts violations of Section 10(b) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) against all defendants and Section 20(a) of the Exchange Act against the individually-named defendants. On April 27, 2022, the court granted Curtis T. Arata’s motion for appointment as lead plaintiff in the Action. Lead plaintiff filed an amended complaint on June 29, 2022, adding Andrew Robinson as a defendant and extending the class period to February 3, 2022. The amended complaint alleges, among other things, that during the proposed class period, defendants misrepresented and/or failed to disclose certain facts regarding the Company’s LiSTR DLE technology and “final product lithium recovery percentage” at its DLE Demonstration Plant in southern Arkansas. The amended complaint seeks various forms of relief, including monetary damages in an unspecified amount. Defendants filed a motion to dismiss the amended complaint on August 10, 2022, which became fully briefed on September 28, 2022. The Company intends to vigorously defend against the Action. As at December 31, 2022, the Company has not recorded any provision associated with this matters.

Subsequent Event

Subsequent Event	6 Months Ended
Subsequent Event	Dec. 31, 2022
Subsequent Event
Subsequent Event	12. Subsequent Event Subsequent to December 31, 2022, the Company issued 950,000 common shares upon the exercise of stock options for proceeds of $1,010,000.

Investment (Tables)

Investment (Tables)	6 Months Ended
Investment (Tables)	Dec. 31, 2022
Investment
Summary of Company's Investment in Aqualung	Changes in the Company’s Investment in Aqualung during the period ended December 31, 2022 are summarized as follows: Initial investment $ 3,113,991 Effect of movement in foreign exchange rates 107,500 Balance, June 30, 2022 3,221,491 Effect of movement in foreign exchange rates 164,499 Balance, December 31, 2022 $ 3,385,990

Exploration and Evaluation Ex_2

Exploration and Evaluation Expenditures (Tables)	6 Months Ended
Exploration and Evaluation Expenditures (Tables)	Dec. 31, 2022
Exploration and Evaluation Expenditures
Schedule of exploration and evaluation asset	California Arkansas Other Smackover Property Property Exploration Total $ $ $ $ Acquisition costs: Balance, June 30, 2021 12,768,549 12,107,486 - 24,876,035 Acquisition of property 5,183,941 1,642,281 - 6,826,222 Effect of movement in foreign exchange rates 506,868 480,627 - 987,495 Balance, June 30, 2022 18,459,358 14,230,394 - 32,689,752 Acquisition of property 126,087 1,354,400 299,238 1,779,725 Effect of movement in foreign exchange rates 942,593 726,649 - 1,669,242 Balance, December 31, 2022 19,528,038 16,311,443 299,238 36,138,719 Exploration Costs: Balance, June 30, 2021 4,153,051 2,561,108 - 6,714,159 Exploration costs 14,820 1,442,241 - 1,457,061 Effect of movement in foreign exchange rates 164,861 101,668 - 266,529 Balance, June 30, 2022 4,332,732 4,105,017 - 8,437,749 Exploration costs 4,790 3,532,793 3,047,529 6,585,112 Effect of movement in foreign exchange rates 221,244 209,615 - 430,859 Balance, December 31, 2022 4,558,766 7,847,425 3,047,529 15,453,720 Balance, June 30, 2022 22,792,090 18,335,411 - 41,127,501 Balance, December 31, 2022 24,086,804 24,158,868 3,346,767 51,592,439

Intangible asset (Tables)

Intangible asset (Tables)	6 Months Ended
Intangible asset (Tables)	Dec. 31, 2022
Intangible asset
Schedule of carrying value of the intangible assets acquired	5. Intangible assets – continued The carrying value of the intangible assets is as follows: IP Assets Patents Total Balance, June 30, 2021 $ 1,691,575 $ - $ 1,691,575 Amortisation (191,035) - (191,035) Balance, June 30, 2022 1,500,540 - 1,500,540 Amortisation (68,949) - (68,949) Additions - 24,247 24,247 Balance, December 31, 2022 $ 1,431,591 $ 24,247 1,455,838

Pilot plant (Tables)

Pilot plant (Tables)	6 Months Ended
Pilot plant (Tables)	Dec. 31, 2022
Pilot plant
Summary of carrying value of the pilot plant	As at December 31, 2022, the carrying value of the pilot plant is summarized as follows: $ Balance at June 30, 2021 12,338,741 Additions 1,929,020 Amortisation (13,355,544) Effect of movement in foreign exchange rates 72,840 Balance at June 30, 2022 985,057 Amortisation (205,636) Effect of movement in foreign exchange rates 33,219 Balance at December 31, 2022 812,640
Schedule of pilot plant operations cost	6. Pilot plant – continued Pilot plant operations costs are comprised of the following: Three months ended Six months ended December 31, December 31, 2022 2021 2022 2021 Internet $ 2,625 $ 2,757 $ 5,465 $ 5,528 Personnel 1,733,175 770,870 3,042,447 1,711,397 Reagents 149,138 387,136 584,467 759,511 Repairs and maintenance 1,708 117,462 8,959 185,023 Supplies 931,692 297,978 1,682,226 651,049 Testwork 237,651 274,729 559,606 385,463 Office trailer rental 7,146 8,000 19,543 15,599 Utilities 36,355 101,650 72,330 605,458 Foreign exchange - (15,818) - (37,822) Total pilot plant operations costs 3,099,490 1,944,764 5,975,043 4,281,206

Share Capital (Tables)

Share Capital (Tables)	6 Months Ended
Share Capital (Tables)	Dec. 31, 2022
Share Capital
Summary of warrant transactions	Warrant transactions are summarized as follows: Weighted Number of average warrants exercise price Balance at June 30, 2021 9,813,870 1.13 Issued 336,877 11.09 Exercised (6,684,892) 1.12 Expired (3,353) 1.30 Balance at June 30, 2022 and December 31, 2022 3,462,502 2.16
Schedule of stock option transactions	Number of Weighted average options exercise price Balance at June 30, 2021 13,750,784 $ 1.29 Options exercised (4,410,784) 1.00 Options granted 1,170,000 7.35 Options expired (340,000) 0.96 Balance at June 30, 2022 10,170,000 $ 2.11 Options exercised (150,000) 0.75 Balance at December 31, 2022 10,020,000 $ 2.13
Summary of stock options outstanding and exercisable	The following table summarizes stock options outstanding and exercisable at December 31, 2022: Options Outstanding Options Exercisable Weighted Weighted Weighted Average Average Average Exercise Number Remaining Exercise Exercise Price of Contractual Life Price Number Price $ Shares (years) $ Exercisable $ 0.75 450,000 0.34 0.75 450,000 0.75 0.76 4,450,000 0.19 0.76 4,450,000 0.76 1.40 1,900,000 0.68 1.40 1,900,000 1.40 2.10 450,000 0.14 2.10 450,000 2.10 3.39 1,200,000 3.05 3.39 1,200,000 3.39 3.43 400,000 1.28 3.43 400,000 3.43 6.08 200,000 3.55 6.08 200,000 6.08 6.31 200,000 4.18 6.31 150,000 6.31 7.55 500,000 2.12 7.55 500,000 7.55 8.25 170,000 4.21 8.25 170,000 8.25 9.40 100,000 4.28 9.40 75,000 9.40 10,020,000 1.02 2.13 9,945,000 2.09

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
Related Party Transactions (Tables)	Dec. 31, 2022
Related Party Transactions.
Schedule of compensation to key management	Compensation to key management is comprised of the following: December 31, December 31, 2022 2021 Management fees $ 1,024,304 $ 740,234 Share-based payments - 940,268 $ 1,024,304 $ 1,680,502

Financial Instruments and Fin_2

Financial Instruments and Financial Risk Management (Tables)	6 Months Ended
	Dec. 31, 2022
Financial Instruments and Financial Risk Management
Schedule of fair value measurement by levels of financial assets	The following table sets forth the Company’s financial assets measured at fair value by level within the fair value hierarchy: December 31, 2022 Level 1 Level 2 Level 3 Total Investment in Aqualung Carbon Capture SA $ - $ 3,385,990 $ - $ 3,385,990 June 30, 2022 Level 1 Level 2 Level 3 Total Investment in Aqualung Carbon Capture SA $ - $ 3,221,491 $ - $ 3,221,491
Schedule of assets and liabilities exposed to currency risk	The Company is exposed to currency risk through the following assets and liabilities denominated in US dollars: December 31, 2022 June 30, 2022 $ $ Cash 90,905,778 106,802,040 Accounts payable (3,577,329) (3,431,920)

Investment (Details)

Investment (Details) kr in Millions			2 Months Ended	6 Months Ended
Investment (Details) kr in Millions	May 05, 2022 CAD ($) shares	May 05, 2022 NOK (kr) shares	Jun. 30, 2022 CAD ($)	Dec. 31, 2022 CAD ($)
Aqualung Carbon Capture AS
Disclosure of financial assets
Ownership interest (as percent)	4.55%	4.55%
Aqualung Carbon Capture AS
Disclosure of financial assets
Shares purchased \| shares	179,175	179,175
Purchase of Aqualung Carbon Capture AS shares	$ 3,113,991	kr 23.3
Aqualung Carbon Capture AS \| Equity investments
Disclosure of financial assets
Balance, Beginning				$ 3,221,491
Initial investment	$ 3,113,991
Effect of movement in foreign exchange rates			$ 107,500	164,499
Balance, Ending			$ 3,221,491	$ 3,385,990

Exploration and Evaluation Ex_3

Exploration and Evaluation Expenditures (Details) - CAD ($)	6 Months Ended	12 Months Ended
Exploration and Evaluation Expenditures (Details) - CAD ($)	Dec. 31, 2022	Jun. 30, 2022
Acquisition costs:
Balance, beginning of period	$ 32,689,752	$ 24,876,035
Acquisition of property	1,779,725	6,826,222
Effect of movement in foreign exchange rates	1,669,242	987,495
Balance, period end	36,138,719	32,689,752
Exploration Costs:
Balance, beginning period	8,437,749	6,714,159
Exploration costs	6,585,112	1,457,061
Effect of movement in foreign exchange rates	430,859	266,529
Balance, period end	15,453,720	8,437,749
Exploration and evaluation assets	51,592,439	41,127,501
California property
Acquisition costs:
Balance, beginning of period	18,459,358	12,768,549
Acquisition of property	126,087	5,183,941
Effect of movement in foreign exchange rates	942,593	506,868
Balance, period end	19,528,038	18,459,358
Exploration Costs:
Balance, beginning period	4,332,732	4,153,051
Exploration costs	4,790	14,820
Effect of movement in foreign exchange rates	221,244	164,861
Balance, period end	4,558,766	4,332,732
Exploration and evaluation assets	24,086,804	22,792,090
Arkansas property
Acquisition costs:
Balance, beginning of period	14,230,394	12,107,486
Acquisition of property	1,354,400	1,642,281
Effect of movement in foreign exchange rates	726,649	480,627
Balance, period end	16,311,443	14,230,394
Exploration Costs:
Balance, beginning period	4,105,017	2,561,108
Exploration costs	3,532,793	1,442,241
Effect of movement in foreign exchange rates	209,615	101,668
Balance, period end	7,847,425	4,105,017
Exploration and evaluation assets	24,158,868	$ 18,335,411
Other Smackover Exploration
Acquisition costs:
Acquisition of property	299,238
Balance, period end	299,238
Exploration Costs:
Exploration costs	3,047,529
Balance, period end	3,047,529
Exploration and evaluation assets	$ 3,346,767

Exploration and Evaluation Ex_4

Exploration and Evaluation Expenditures - TY & Sons Claims in San Bernardino County, CA (Details)										6 Months Ended
	Oct. 01, 2020 shares	Jul. 07, 2020 USD ($)	Oct. 01, 2019 shares	Jul. 07, 2019 USD ($)	Oct. 01, 2018 shares	Jul. 07, 2018 USD ($)	Oct. 01, 2017 shares	Jul. 07, 2017 USD ($)	Nov. 17, 2016 USD ($) shares	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 CAD ($)
Exploration and Evaluation Expenditures
Purchase of exploration and evaluation assets \| $										$ 7,608,438	$ 1,554,435
T Y Sons Right Title And Interest In A Property Option Agreement \| TY & Sons
Exploration and Evaluation Expenditures
Number of common shares issued for exploration and evaluation assets (in shares) \| shares									14,000,000
T Y Sons Right Title And Interest In A Property Option Agreement \| Nevada Mining
Exploration and Evaluation Expenditures
Number of common shares issued for exploration and evaluation assets (in shares) \| shares	500,000		500,000		500,000		500,000		500,000
Amount required to be paid under terms of agreement \| $									$ 325,000
Common shares issuable under terms of agreement (in shares) \| shares									2,500,000
Purchase of exploration and evaluation assets \| $		$ 50,000		$ 50,000		$ 50,000		$ 50,000	$ 125,000
Net smelter return royalty (as a percent)									2.50%
Smelter returns royalty applicable to any after acquired properties (as a percent)									0.50%

Exploration and Evaluation Ex_5

Exploration and Evaluation Expenditures - National Chloride California Property (Details)											6 Months Ended
	May 24, 2022 USD ($) shares	May 24, 2021 USD ($) shares	May 24, 2020 USD ($) shares	May 24, 2019 USD ($) shares	May 24, 2018 USD ($) shares	Nov. 24, 2017 USD ($)	Sep. 01, 2017 CAD ($) a	Sep. 01, 2017 USD ($) a	May 24, 2017 shares	May 01, 2017 USD ($) a shares	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 CAD ($)
Exploration and Evaluation Expenditures
Purchase of exploration and evaluation assets											$ 7,608,438	$ 1,554,435
Lease property \| National Chloride
Exploration and Evaluation Expenditures
Area of lease property (Acre) \| a										12,290
Purchase of exploration and evaluation assets		$ 100,000	$ 100,000	$ 100,000	$ 100,000	$ 50,000	$ 56,873	$ 44,805		$ 25,000
Amount required to be paid under terms of agreement										$ 1,825,000
Common shares issuable under terms of agreement (in shares) \| shares										1,700,000
Number of common shares issued for exploration and evaluation assets (in shares) \| shares	200,000	200,000	200,000	200,000	200,000				100,000	100,000
Shares issuable upon completion of pre-feasibility study (in shares) \| shares										500,000
Net smelter return royalty (as a percent)										2%
Minimum royalty										$ 500,000
Additional area of lease property \| a							6,000	6,000
Lease property \| National Chloride \| Successful completion of a pre-feasibility study
Exploration and Evaluation Expenditures
Amount payable upon completion of pre-feasibility study										250,000
Lease property \| National Chloride \| Successful completion of a bankable feasibility study
Exploration and Evaluation Expenditures
Purchase of exploration and evaluation assets	$ 100,000
Lease property \| National Chloride \| Acquisition of property
Exploration and Evaluation Expenditures
Amount payable upon completion of feasibility study										$ 1,000,000

Exploration and Evaluation Ex_6

Exploration and Evaluation Expenditures - Exploration and option agreement (Details)									6 Months Ended
	Apr. 23, 2023 USD ($) shares	Apr. 23, 2022 USD ($) shares	Apr. 23, 2021 USD ($) shares	Apr. 23, 2020 USD ($) shares	Apr. 23, 2019 USD ($) shares	Oct. 23, 2018 USD ($) shares	Apr. 23, 2018 CAD ($) shares	Apr. 23, 2018 USD ($) a shares	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 CAD ($)
Exploration and Evaluation Expenditures
Purchase of exploration and evaluation assets									$ 7,608,438	$ 1,554,435
Property in Bristol Dry Lake \| TETRA Technologies, Inc.
Exploration and Evaluation Expenditures
Area of lease property (Acre) \| a								12,100
Property in the adjacent Cadiz Dry Lake, Mojave Desert, CA \| TETRA Technologies, Inc.
Exploration and Evaluation Expenditures
Area of lease property (Acre) \| a								11,840
Property in exploration and option agreement \| TETRA Technologies, Inc.
Exploration and Evaluation Expenditures
Purchase of exploration and evaluation assets	$ 200,000	$ 200,000	$ 200,000	$ 200,000	$ 200,000	$ 100,000	$ 135,440	$ 100,000
Amount required to be paid under terms of agreement								$ 2,700,000
Common shares issuable under terms of agreement (in shares) \| shares								3,400,000
Number of common shares issued for exploration and evaluation assets (in shares) \| shares	400,000	400,000	400,000	400,000	400,000	200,000	200,000	200,000
Amount payable upon completion of pre-feasibility study								$ 500,000
Amount payable upon completion of feasibility study								$ 1,000,000
Shares issuable upon completion of pre-feasibility study (in shares) \| shares	1,000,000

Exploration and Evaluation Ex_7

Exploration and Evaluation Expenditures - Arkansas Properties (Details)								6 Months Ended
	Dec. 29, 2020 USD ($)	Dec. 29, 2019 USD ($)	Dec. 29, 2018 USD ($)	Jan. 28, 2018 USD ($)	Dec. 29, 2017 USD ($)	Jul. 26, 2017 CAD ($) a	Jul. 26, 2017 USD ($) a	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 CAD ($)
Exploration and Evaluation Expenditures
Purchase of exploration and evaluation assets								$ 7,608,438	$ 1,554,435
Property, Columbian and Lafayette Counties, Arkansas \| Vendor
Exploration and Evaluation Expenditures
Area of lease property (Acre) \| a						33,000	33,000
Purchase of exploration and evaluation assets	$ 750,000	$ 700,000	$ 600,000	$ 500,000
Additional annual payment					$ 1,000,000
Period after agreement to begin annual payment					48 months
Net smelter return royalty (as a percent)					2.50%
Minimum royalty					$ 1,000,000	$ 614,150	$ 500,000

Exploration and Evaluation Ex_8

Exploration and Evaluation Expenditures - Arkansas Lithium Project (Details)						6 Months Ended
	Feb. 23, 2022	Feb. 16, 2021 CAD ($)	Feb. 16, 2021 USD ($)	May 04, 2018 CAD ($) facility	May 04, 2018 USD ($) facility	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 CAD ($)
Exploration and Evaluation Expenditures
Purchase of exploration and evaluation assets						$ 7,608,438	$ 1,554,435
LANXESS southern Arkansas Facilities \| LANXESS
Exploration and Evaluation Expenditures
Number of facilities \| facility				3	3
Purchase of exploration and evaluation assets		$ 3,804,000	$ 3,000,000	$ 3,834,000	$ 3,000,000
Amount payable upon completion of certain development phases			$ 3,000,000
South West Arkansas Project
Exploration and Evaluation Expenditures
Proportion of ownership interest in subsidiary	100%
Project Company \| the Project
Exploration and Evaluation Expenditures
Proportion of ownership interest in joint venture	100%
LANXESS Corporation \| Project Company \| Forecast \| Bottom of range
Exploration and Evaluation Expenditures
Proportion of ownership interest in joint venture	30%
LANXESS Corporation \| Project Company \| Forecast \| Top of range
Exploration and Evaluation Expenditures
Proportion of ownership interest in joint venture	49%

Intangible asset - Narrative (D

Intangible asset - Narrative (Details) - CAD ($)						6 Months Ended
Intangible asset - Narrative (Details) - CAD ($)	Dec. 31, 2019	Nov. 15, 2019	Jun. 13, 2019	Dec. 14, 2018	Dec. 13, 2018	Dec. 31, 2022
Intangible asset
Payment for asset acquisition						$ 24,247
Amount payable					$ 500,000
Brown
Intangible asset
Payment for asset acquisition	$ 250,000	$ 250,000	$ 250,000	$ 250,000	$ 50,000
Number of shares issued to acquire intangible assets	500,000				500,000
Number of common shares issuable (in shares)					500,000

Intangible asset (Details)

Intangible asset (Details) - CAD ($)	6 Months Ended	12 Months Ended
Intangible asset (Details) - CAD ($)	Dec. 31, 2022	Jun. 30, 2022
Disclosure of detailed information about intangible assets [line items]
Balance	$ 1,500,540	$ 1,691,575
Amortisation	(68,949)	(191,035)
Additions	24,247
Balance	1,455,838	1,500,540
IP Assets
Disclosure of detailed information about intangible assets [line items]
Balance	1,500,540	1,691,575
Amortisation	(68,949)	(191,035)
Balance	1,431,591	$ 1,500,540
Patents
Disclosure of detailed information about intangible assets [line items]
Additions	24,247
Balance	$ 24,247
Amortisation period	20 years

Pilot plant - Carrying Value Su

Pilot plant - Carrying Value Summary (Details) - CAD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Pilot plant - Carrying Value Summary (Details) - CAD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Pilot plant
Balance			$ 985,057	$ 12,338,741	$ 12,338,741
Additions					1,929,020
Amortisation	$ (4,000)	$ (3,729,731)	(205,636)	$ (7,342,858)	(13,355,544)
Effect of movement in foreign exchange rates			33,219		72,840
Balance	$ 812,640		$ 812,640		$ 985,057

Pilot plant - Operations costs

Pilot plant - Operations costs (Details) - CAD ($)	3 Months Ended		6 Months Ended
Pilot plant - Operations costs (Details) - CAD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Pilot plant
Pilot plant operations	$ 3,099,490	$ 1,944,764	$ 5,975,043	$ 4,281,206
Internet
Pilot plant
Pilot plant operations	2,625	2,757	5,465	5,528
Personnel
Pilot plant
Pilot plant operations	1,733,175	770,870	3,042,447	1,711,397
Reagents
Pilot plant
Pilot plant operations	149,138	387,136	584,467	759,511
Repairs and maintenance
Pilot plant
Pilot plant operations	1,708	117,462	8,959	185,023
Supplies
Pilot plant
Pilot plant operations	931,692	297,978	1,682,226	651,049
Testwork
Pilot plant
Pilot plant operations	237,651	274,729	559,606	385,463
Office trailer rental
Pilot plant
Pilot plant operations	7,146	8,000	19,543	15,599
Utilities
Pilot plant
Pilot plant operations	$ 36,355	101,650	$ 72,330	605,458
Foreign exchange.
Pilot plant
Pilot plant operations		$ (15,818)		$ (37,822)

Share Capital - Authorized capi

Share Capital - Authorized capital (Details)	6 Months Ended
Share Capital - Authorized capital (Details)	Dec. 31, 2022 CAD ($) shares
Share Capital
Number of common shares issued for exercise of stock options (in shares) \| shares	150,000
Amount received from exercise of stock options	$ 112,500
Amount transferred from contributed surplus to share capital	$ 100,104

Share Capital - Warrants (Detai

Share Capital - Warrants (Details) - $ / shares	6 Months Ended	12 Months Ended
Share Capital - Warrants (Details) - $ / shares	Dec. 31, 2022	Jun. 30, 2022
Number of warrants
Balance at beginning of period (in shares)		9,813,870
Issued (in shares)		336,877
Exercised (in shares)		(6,684,892)
Expired (in shares)		(3,353)
Balance at end of period (in shares)	3,462,502
Weighted average exercise price
Balance, at beginning of period (in CAD per share)		$ 1.13
Issued (in CAD per share)		11.09
Exercised (in CAD per share)		1.12
Expired (in CAD per share)		$ 1.30
Balance at end of period (in CAD per share)	$ 2.16
Weighted average remaining contractual life of the warrants outstanding	1 year 4 months 20 days
Exercise Price of $1.20
Number of warrants
Issued (in shares)	3,125,625
Weighted average exercise price
Warrants exercise price	$ 1.20
Exercise Price of $11.09
Number of warrants
Issued (in shares)	336,877
Weighted average exercise price
Warrants exercise price	$ 11.09

Share Capital - Options narrati

Share Capital - Options narrative (Details)	6 Months Ended
Share Capital - Options narrative (Details)	Dec. 31, 2022 CAD ($)
Share Capital
Maximum awards as percentage to outstanding stocks	10%
Expiry period	10 years
Stock options granted (in shares)	0

Share Capital - Option transact

Share Capital - Option transaction (Details)	6 Months Ended	12 Months Ended
Share Capital - Option transaction (Details)	Dec. 31, 2022 CAD ($) $ / shares	Jun. 30, 2022 CAD ($) $ / shares
Number of options
Balance at beginning of period (in shares) \| $	10,170,000	13,750,784
Options exercised (in shares) \| $	(150,000)	(4,410,784)
Options granted (in share) \| $		1,170,000
Options expired (in shares) \| $		(340,000)
Balance at end of period (in shares) \| $	10,020,000	10,170,000
Weighted average exercise price
Balance at beginning of period (in CAD per share) \| $ / shares	$ 2.11	$ 1.29
Options exercised (in CAD per share) \| $ / shares	0.75	1
Options granted (in CAD per share) \| $ / shares		7.35
Options expired (in CAD per share) \| $ / shares		0.96
Balance at end of period (in CAD per share) \| $ / shares	$ 2.13	$ 2.11

Share Capital - Options by exer

Share Capital - Options by exercise price (Details)	6 Months Ended
Share Capital - Options by exercise price (Details)	Dec. 31, 2022 CAD ($) $ / shares	Jun. 30, 2022 CAD ($)	Jun. 30, 2021 CAD ($)
IfrsStatementLineItems [Line Items]
Number of shares, options outstanding \| $	10,020,000	10,170,000	13,750,784
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	1 year 7 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 2.13
Number Exercisable, Options Exercisable \| $	9,945,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 2.09
0.75
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 0.75
Number of shares, options outstanding \| $	450,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	4 months 2 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 0.75
Number Exercisable, Options Exercisable \| $	450,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 0.75
0.76
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 0.76
Number of shares, options outstanding \| $	4,450,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	2 months 8 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 0.76
Number Exercisable, Options Exercisable \| $	4,450,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 0.76
1.40
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 1.40
Number of shares, options outstanding \| $	1,900,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	8 months 4 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 1.40
Number Exercisable, Options Exercisable \| $	1,900,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 1.40
2.10
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 2.10
Number of shares, options outstanding \| $	450,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	1 month 20 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 2.10
Number Exercisable, Options Exercisable \| $	450,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 2.10
3.39
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 3.39
Number of shares, options outstanding \| $	1,200,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	3 years 18 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 3.39
Number Exercisable, Options Exercisable \| $	1,200,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 3.39
3.43
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 3.43
Number of shares, options outstanding \| $	400,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	1 year 3 months 10 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 3.43
Number Exercisable, Options Exercisable \| $	400,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 3.43
6.08
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 6.08
Number of shares, options outstanding \| $	200,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	3 years 6 months 18 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 6.08
Number Exercisable, Options Exercisable \| $	200,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 6.08
6.31
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 6.31
Number of shares, options outstanding \| $	200,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	4 years 2 months 4 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 6.31
Number Exercisable, Options Exercisable \| $	150,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 6.31
7.55
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 7.55
Number of shares, options outstanding \| $	500,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	2 years 1 month 13 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 7.55
Number Exercisable, Options Exercisable \| $	500,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 7.55
8.25
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 8.25
Number of shares, options outstanding \| $	170,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	4 years 2 months 15 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 8.25
Number Exercisable, Options Exercisable \| $	170,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 8.25
9.40
IfrsStatementLineItems [Line Items]
Weighted Average Exercise Price, Options Outstanding (in CAD per share)	$ 9.40
Number of shares, options outstanding \| $	100,000
Weighted Average Remaining Contractual Life, Options Outstanding (Year)	4 years 3 months 10 days
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 9.40
Number Exercisable, Options Exercisable \| $	75,000
Weighted Average Exercise Price, Options exercisable (in CAD per share)	$ 9.40

Related Party Transactions - Ta

Related Party Transactions - Table (Details) - CAD ($)	6 Months Ended
Related Party Transactions - Table (Details) - CAD ($)	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions.
Management fees	$ 1,024,304	$ 740,234
Share-based payments		940,268
Total	$ 1,024,304	$ 1,680,502

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - CAD ($)		6 Months Ended
Related Party Transactions - Narrative (Details) - CAD ($)	Jun. 17, 2022	Dec. 31, 2022	Jun. 30, 2022
Officers
Disclosure of transactions between related parties [line items]
Related party transactions payable		$ 229,310	$ 287,063
Telescope Innovations Corp
Disclosure of transactions between related parties [line items]
Related party transactions payable		41,493	$ 793,310
Telescope Innovations Corp \| MSA
Disclosure of transactions between related parties [line items]
Funding period	1 year
Amount of costs incurred		$ 344,101

Financial Instruments and Fin_3

Financial Instruments and Financial Risk Management - Hierarchy (Details) - CAD ($)	Dec. 31, 2022	Jun. 30, 2022
IfrsStatementLineItems [Line Items]
Investment in Aqualung Carbon Capture SA	$ 3,385,990	$ 3,221,491
Level 2 of fair value hierarchy
IfrsStatementLineItems [Line Items]
Investment in Aqualung Carbon Capture SA	$ 3,385,990	$ 3,221,491

Financial Instruments and Fin_4

Financial Instruments and Financial Risk Management - Currency Risk (Details) - CAD ($)	Dec. 31, 2022	Jun. 30, 2022
IfrsStatementLineItems [Line Items]
Cash	$ 107,369,473	$ 129,065,348
Accounts payable	(4,231,966)	(6,597,682)
Currency risk
IfrsStatementLineItems [Line Items]
Cash	90,905,778	106,802,040
Accounts payable	$ (3,577,329)	$ (3,431,920)

Financial Instruments and Fin_5

Financial Instruments and Financial Risk Management - Narrative (Details)	6 Months Ended	12 Months Ended
	Dec. 31, 2022 CAD ($)	Jun. 30, 2022 CAD ($)
Financial Instruments and Financial Risk Management
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period	$ 0	$ 0
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period	0	0
Transfers into Level 3 of fair value hierarchy, assets	0	0
Transfers out of Level 3 of fair value hierarchy, assets	0	0
Working capital	$ 105,031,459	125,024,698
Conversion rate	1.3544
Reasonably possible change In US Dollar relative to Canadian Dollar	10%
Foreign exchange comprehensive loss	$ 8,733,000	$ 10,337,000

Subsequent Event (Details)

Subsequent Event (Details) - CAD ($)		6 Months Ended
Subsequent Event (Details) - CAD ($)	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from exercise of options		$ 112,499	$ 745,500
Issuance of common shares upon the exercise of stock options
Disclosure of non-adjusting events after reporting period [line items]
Stock Options Exercise, Number of Shares Issued	950,000
Proceeds from exercise of options	$ 1,010,000