Lake continued to make significant progress at Kachi, culminating in the completion of the DFS. The DFS demonstrates that Kachi is a tier one project, backed by a significant resource and strong economics, positioning it competitively within the growing lithium market.
Lake continues to reduce our quarterly cash spend. With the completion of the DFS, the Company expects expenditures for the quarter ending
With the completion of the DFS, Lake has shifted its focus to the strategic delivery of Kachi:
- As announced on
- Lake and Lilac Solutions are considering a range of funding alternatives including, but not limited to, the introduction of a strategic partner, project finance, pre-payments from potential customers and royalties.
Discussions remain ongoing and will provide additional capital to fund activities prior to Final Investment Decision and ultimately project development.
- Complementing this process, Lake recently announced the continued support of Citibank and
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https://abnnewswire.net/lnk/D9M697GN
About
This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.
Contact:
M: +61-407-904-874
E: Nigel.Kassulke@teneo.com
Global:
SVP, Investor Relations
karen.greene@lakeresources.com.au
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