Lake Resources NL  Announces Executive and Board Actions

Lake Resources NL Announces Executive and Board Actions

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) today announces the appointment of Mark Anning as Head of Legal, Australia and Company Secretary. Additionally, as previously announced when assuming the role of Executive Chairman in June 2022, (see ASX announcement dated 20 June 2022), Stu Crow has now transitioned to the role of non-executive chairman of the Board of Directors.

"We continue to strengthen the bench of talent with internationally recognized executives and board members as we pursue the tremendous opportunity, we have to set a new global standard for producing cleaner, high-purity lithium at speed and scale," Managing Director and CEO David Dickson said.

"The addition of Mark Anning brings significant expertise and experience and will be a critical partner in support of our initiatives to grow and strengthen the company.

"I also thank Stu for his service as Executive Chairman as part of the transition to serve critical North American and Asian supply chains."

The appointment of Mark Anning as Head of Legal, Australia and Company Secretary, will be effective January 9, 2023. From that date Mr. Peter Nielsen will step down as Company Secretary and will remain the Chief Financial Officer of Lake Resources. Mr. Anning has practiced at Partner level in private practice, and in-house at CEO and Chair direct report level for several ASX and NASDAQ listed companies. Mr. Anning's 30 years in legal and corporate practice has seen him specialise in corporate and commercial law, dispute resolution, risk management, and corporate governance.

Mr. Anning is a Chartered Secretary and holds the qualifications of Bachelor of Commerce and LLB (Hons) from the University of Queensland and a Graduate Diploma in Applied Corporate Governance.

Mr. Anning is a Fellow of the Governance Institute of Australia and is admitted to practice in all Commonwealth Courts and the Supreme Courts of Queensland and Victoria.

Stu Crow's transition from his role of Executive Chairman is occurring in accordance with the timetable laid out at the time of his appointment in June 2022. Mr. Crow was appointed Executive Chairman to oversee the designation of a new CEO, recruit additional board members, and establish US offices.

He will remain non-executive chairman of the Board of Directors.

"With the strengthening of both our leadership team and the board of directors, it is the right time for me to return to the non-executive chairman role," Stu Crow, Chairman of the Board of Directors, said.

"We have tremendous opportunities ahead of us and look forward to working with my partners on the board to ensure that we continue to deliver on our path to becoming a leading supplier of cleaner lithium.



About Lake Resources NL:  

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.



Source:
Lake Resources NL



Contact:
Nigel Kassulke at Teneo
M: +61-407-904-874
E: Nigel.Kassulke@teneo.com

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Lake Resources NL  Kachi Power Supply

Lake Resources NL Kachi Power Supply

Sydney, Australia (ABN Newswire) - Lake Resources N.L. (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce the next milestone for the Kachi lithium brine project ("Kachi" or the "Project") in Catamarca Province, Argentina, having today signed a Letter of Intent ("LOI") with YPF Luz, a leading Argentine sustainable electric power generation company.

Under the LOI, Lake and YPF Luz will engage in exclusive non-binding discussions to evaluate and negotiate agreements relating to:

- The construction of the high voltage line by YPF Luz for power capacity for Kachi

- Delivery of the power supply by YPF Luz for Kachi

To support the power solution and create a binding commercial agreement, YPF Luz will perform the Front-End Engineering Design ("FEED") work for the proposed power delivery system. The FEED will be progressed through the remainder of 2024.

"After running a thorough process for the Kachi power solution, we are very pleased to enter into exclusive negotiations with YPF Luz," David Dickson, CEO of Lake, said.

"Establishing the delivery of a power solution for Kachi is a critical milestone for the development of this Project.

"We look forward to working together with YPF Luz, which has demonstrated expertise in bringing power to remote areas of Argentina and shares our commitment to sustainability.

"Both federal and state governments in Argentina are keen to see the responsible development of lithium exports to help with Argentina's balance of payments and foreign reserves, and getting power into the resource-rich provinces is a key part of this," Mr. Dickson said.

YPF Luz is co-owned by YPF, Argentina's largest energy company, and General Electric ("GE"), a global diversified industrial company. With a focus on renewable energy and social and environmental sustainability, YPF Luz is now the third largest generator of power in Argentina.

The signing of the LOI continues Lake's momentum following:

- The successful Equity Placement and Share Purchase Plan which strengthened Lake's balance sheet by providing additional working capital and financial flexibility to complete the strategic partner process ("the Process")

- The outreach to a wide array of potential strategic partners including car and battery manufacturers, lithium producers, oil and gas companies, sovereign wealth funds and private equity. The Process is expected to conclude in the second half of the year (2H CY24).

- Submission of the Production Environmental Impact Assessment ("EIA") for Kachi Phase One to the Catamarca Mining Authority. This is an important milestone for Kachi, and the culmination of extensive field work and community engagement completed over the past three years.

"We are also pleased with the strong institutional support we received during the recent capital raising, demonstrating their appreciation for our track record of delivering on our milestones, as well as their recognition of Kachi as a world class resource and globally significant project," Mr. Dickson said.

To view the latest Investor Presentation, please visit:
https://www.abnnewswire.net/lnk/DSYO1GSD



About Lake Resources NL:  

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

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.



Source:
Lake Resources NL

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Lake Resources NL  Launches Investor Hub

Lake Resources NL Launches Investor Hub

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) today announces the formal launch of Investor Hub, which is a dedicated platform for investors to learn more about the Company and our latest activities.

Investor can access Investor Hub and sign up to receive ASX updates and news regularly.

The Company encourages investors to post questions and feedback through the Q&A function accompanying each piece of content and the Company will endeavour to respond, where appropriate.

How to join the Company's Investor Hub:

1. Head to https://investorhub.lakeresources.com.au/auth/signup

2. Follow the prompts to sign up for an Investor Hub account.

3. Complete your account profile.

From time to time, investors with complete accounts on the Investor Hub may be invited to exclusive company events. We appreciate shareholder's support and we look forward to updating investors on our progress in 2024 via the Investor Hub.



About Lake Resources NL:  

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

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.



Source:
Lake Resources NL

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Lake Resources NL  Quarterly Activities Report

Lake Resources NL Quarterly Activities Report

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) provide the Quarterly Activities Report.

- Results from the last drillhole associated with the 2023 drilling program at Kachi showed brines returning grades of 230 - 302 mg/L lithium over 407 metres (215 - 622 m) with an average of 257 mg/L :

o These findings confirm the presence of higher-grade lithium brine south of the central resource area to a depth of more than 600 metres.

o The results further support the positive hydrogeological modelling results that were the basis for the Kachi Ore Reserve4 and Phase One Definitive Feasibility Study ("DFS") submitted in December 2023.

- Completed submission of the Production EIA to Catamarca Mining Authority.

o Marks an important milestone for Kachi and represents the culmination of extensive field work and community engagement completed over the past three years.

o The development plan for Kachi is designed to minimize the consumption of fresh water and maintains the hydrogeologic system as close to baseline conditions as possible.

o The Project will provide significant economic and social benefits to Catamarca Province.

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/3C7BSZ84



About Lake Resources NL:  

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

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.



Source:
Lake Resources NL

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Lake Resources NL  Submission Of Production Environmental Impact Assessment

Lake Resources NL Submission Of Production Environmental Impact Assessment

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources N.L. (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to report the submission of the Production Environmental Impact Assessment (the "Production EIA" or "EIA") for its flagship Kachi Project ("Kachi" or "the Project") to the Catamarca Ministry of Mining in Catamarca Province, Argentina. Lake's innovative and sustainable Project development plan will result in a small water footprint, amongst the lowest for lithium brine projects per tonne.

The Production EIA, which was submitted in accordance with Lake's operational timeline, is a statutory requirement under the Argentina mining and environmental regimes and is intended to demonstrate that due attention has been given to the potential impact of the mining operations on the environment and local community.

The EIA was prepared by Knight Piesold A.C.S.A., a global engineering consulting firm, in accordance with the General Environmental Law No. 25,675, the National Law No. 24,585 on Environmental Protection for Mining Activity in Argentina, (Annex III), the Mining Code of the Nation (Title 13, Section 2), the SAA Provision No. 74/2010 and the M.M. Resolution No. 1014/2023.

The EIA is based on the production scenario presented in the Definitive Feasibility Study in which lithium brine is extracted via production wells, pumped to the Direct Lithium Extraction ("DLE") plant for lithium recovery and then injected back into the subsurface via injection wells. The Lilac ion exchange process requires a fraction of the water required for evaporation ponds and absorption DLE technology.

Lake has also incorporated a Zero Liquid Discharge unit that further reduces freshwater consumption by about 75%. The injection of spent brine allows Lake to design a system that maximizes lithium recovery while maintaining the hydrological/hydrogeological system as close to baseline conditions as possible during operations. Other significant environmental benefits of Kachi include a smaller land footprint and lower solid waste output compared to traditional evaporation ponds and hard rock projects.

Lake's CEO, David Dickson said: "The timely submission of the EIA underscores Lake's firm commitment to conducting operations in a manner that prioritizes care for the environment and fosters collaboration with our neighboring communities. Kachi stands as a testament to our adoption of a prudent and groundbreaking approach to lithium brine extraction, aiming for the advancement of sustainable and responsible lithium production. We look forward to bringing future employment and economic growth to Catamarca Province, while contributing to the global energy transition."



About Lake Resources NL:  

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

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.



Source:
Lake Resources NL

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Lake Resources NL  Up to A$20 Million Equity Raising

Lake Resources NL Up to A$20 Million Equity Raising

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce that it has received firm commitments for an approximately A$15 million institutional placement ("Placement") through the issue of approximately 213.6 million new fully ordinary shares ("New Shares") at an offer price of A$0.07 per New Share ("Offer Price").

Highlights

- Strong support received from offshore and domestic institutional and sophisticated investors leading to introduction of new high-quality investors to Lake's register

- In addition to the Placement, Lake will offer all eligible shareholders the opportunity to participate in a SPP to raise up to approximately A$5 million at the same price as the Placement

- Funds will be used for working capital to extend runway, in addition to the recently announced cost saving measures, until the completion of the strategic partnership process

- Upon settlement of the Placement, Lake will have a strong pro-forma 31 December 2023 cash balance of A$46.3 million to advance the strategic partnership process for Kachi

In addition to the Placement, Lake will also be undertaking a Share Purchase Plan ("SPP") at the same price as the Placement, to raise up to A$5 million. The Placement and SPP (together the "Offer") will raise total gross proceeds of up to approximately A$20 million.

The Offer enhances Lake's balance sheet by providing additional working capital and financial flexibility during the strategic partnership selection process for Kachi. Lake is actively conducting outreach to a wide array of potential strategic partners including car and battery manufacturers, lithium producers, oil and gas companies, sovereign wealth funds and private equity. The strategic partnership process is scheduled to conclude in the second half of the year (2H CY24).

Commenting on the Offer, Lake's CEO, David Dickson said: "We are pleased with the level of support shown for Lake from both existing and new shareholders. The equity raising will provide funding capacity to support the delivery of the strategic partnership process. We are pleased to offer our existing retail shareholders the ability to participate in the capital raising via the SPP."

Placement

Under the Placement, the Company will issue approx. 213.6 million fully paid ordinary shares in the Company, representing approximately 15% of issued capital, at A$0.07 per New Share, raising a total of A$15 million (before costs), to institutional, sophisticated and professional investors.

The issue price of A$0.07 per share, represents a 39.1% discount to the last closing price of A$0.115 on 8 March 2024 and a 42.3% discount to the 5-day VWAP of A$0.121 as at the same date.

The New Shares will be issued under the Company's existing placement capacity under ASX Listing Rules 7.1. The Placement is not underwritten.

Barrenjoey Markets Pty Limited and Canaccord Genuity (Australia) Limited acted as Joint Lead Managers and Bookrunners to the Placement. Morgans Corporate Limited is acting as Co-Manager to the Placement.

Share Purchase Plan

In addition to the Placement, the Company will offer all eligible existing shareholders with a registered address in Australia or New Zealand who were holders of Lake shares at 7:00pm (AEDT) on Monday, 11 March 2024 ("Record Date") ("Eligible Shareholders"), the opportunity to apply for new Lake shares, at the same issue price and same terms and conditions as the Placement. The issue price will be $0.07 per share.

Lake intends to raise up to A$5 million and retains discretion over the allocation of shares per investor. The SPP will allow Eligible Shareholders to apply for the maximum allowed of A$30,000 of new fully paid ordinary shares, per shareholder, recognising the ongoing value and support of Lake's shareholders.

The SPP is not underwritten. An SPP booklet containing further terms and conditions of the SPP is expected to be provided to Eligible Shareholders on the 18 th of March.

Lake intends to apply for a waiver under ASX Listing Rule 7.1 as a consequence of the issue price of shares under the SPP being less than 80% of the 5-day VWAP prior to the date of this announcement. If the ASX does not grant this waiver, the SPP will not be exempt from the Company's placement capacity calculation, and therefore the SPP may require shareholder approval at an EGM. If so, the indicative timetable below will be affected accordingly.

To view the Indicative Timetable, please visit:
https://abnnewswire.net/lnk/QQ3Q2A63

To view the Investor Presentation, please visit:
https://www.abnnewswire.net/lnk/2YU47J1E



About Lake Resources NL:  

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

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.



Source:
Lake Resources NL

News Provided by ABN Newswire via QuoteMedia

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NorthStar Gaming Announces Short-Term Financing

NorthStar Gaming Announces Short-Term Financing

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announced that the Company has issued a $3 million unsecured, interest-bearing promissory note dated as of September 13, 2024 (the "Note") to Playtech plc. The Note shall bear interest of 8% per annum, payable in arrears at maturity. Unless otherwise accelerated pursuant to its terms, the Note will become immediately due and payable on the earlier of (i) April 25, 2025; and (ii) the date on which the Company or any of its subsidiaries completes additional financing transactions with aggregate gross proceeds of at least $10 million, subject to certain exceptions. Proceeds from the Note will be used to fund the Company's continued growth and for general corporate purposes.

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NorthStar Gaming Announces Short-Term Financing

NorthStar Gaming Announces Short-Term Financing

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announced that the Company has issued a $3 million unsecured, interest-bearing promissory note dated as of September 13, 2024 (the "Note") to Playtech plc. The Note shall bear interest of 8% per annum, payable in arrears at maturity. Unless otherwise accelerated pursuant to its terms, the Note will become immediately due and payable on the earlier of (i) April 25, 2025; and (ii) the date on which the Company or any of its subsidiaries completes additional financing transactions with aggregate gross proceeds of at least $10 million, subject to certain exceptions. Proceeds from the Note will be used to fund the Company's continued growth and for general corporate purposes.

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Fraser Mackenzie Accelerator Corp. Announces Closing of First Tranche of Private Placement

Fraser Mackenzie Accelerator Corp. Announces Closing of First Tranche of Private Placement

Not for distribution to U.S. news wire services or for dissemination in the United States.

Forward Water Technologies Corp. ("FWTC") (TSXV:FWTC) is pleased to announce that, Fraser Mackenzie Accelerator Corp. ("FMAC") today announced that closed the first tranche of its previously announced private placement of subscription receipts of FMAC (the "Subscription Receipts"), consisting of the issuance of an aggregate of 12,292,923 Subscription Receipts at a price of C$0.107 per Subscription Receipt (the "Issue Price") for aggregate gross proceeds of C$1,315,342.76 (the "Offering"). The Offering was completed in connection with the previously-announced arm's length transaction (the "Transaction") proposed to be completed by FMAC and FWTC, further details of which may be found in the prior news releases of FWTC, including the most recent news release of FWTC relating to the Transaction dated July 22, 2024

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Carbon Done Right Provides Project and Management Updates

Carbon Done Right Provides Project and Management Updates

Carbon Done Right (TSXV: KLX) is pleased to announce a number of updates to the Company's carbon credit project development activities and management team:

  • Planting at the Company's West African Rewilding project has continued through the planting season, supported by strong rainfall. The Company still anticipates achieving a total planted area of 3400 ha by the end of this season.
  • The Company has finalized the Project Design (PD) for the Rewilding project under Verra's new VM0047 protocol and has also completed an extensive site visit with the audit company responsible for validating the PD, a key milestone in the project development.
  • The Company continues to work on negotiations with existing and new investors to secure capital at the project level to support the continued growth of our pipeline.
  • The Company continues to advance negotiations with national and regional governments in other jurisdictions and will provide further updates in the coming weeks.

CEO Dr. James Tansey commented ‘This has been challenging year for carbon markets with lots of headwinds. Our early decision to focus on restoration projects has insulated our from many of these challenges, as the market has given strong indications that restoration based carbon projects can attract a price premium. We have delivered on our priority milestones over the first part of 2023 and look forward to providing further updates. Our view remains that carbon markets will return to their previous strength and that both conservation and restoration projects are critical to scaling Nature Based Solutions'

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Company Embraces Vision of "Incrementally Better, Fundamentally Different"

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Bitcoin Well Completes Full Lightning Network Integration to the Bitcoin Portal in Canada

Bitcoin Well Completes Full Lightning Network Integration to the Bitcoin Portal in Canada

(TheNewswire)

Bitcoin Well Inc.

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