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Lake Resources NL  Chairmans Annual General Meeting Address and Presentation

Lake Resources NL Chairmans Annual General Meeting Address and Presentation

Sydney, Australia (ABN Newswire) - Ladies and Gentlemen, my name is Stuart Crow, I am a fellow shareholder and currently the Executive Chairman of Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF). I'm very pleased to report to you on the recent activity of your company, it's been a year of significant transition for Lake Resources.

This year has been one of significant achievement and change for Lake as the momentum gathers for a move to electrification of transport. Your company has achieved a great deal.

We have seen continued growth in Electric Vehicle (EV) sales with recent numbers up nearly seventy percent year on year. It's expected that annual sales will surge to close around 11m EV sales in 2023. Volume growth and demand continues to rise strongly but still the global supply chain is challenged by battery raw material shortages. Deficits are now evident across the supply chain and are expected to remain in place toward the end of the decade at least with limited new supply coming to market as demand surges.

Activity in 2023 for Lake has been two-fold with activity on site and corporately as we look to build out the executive team and board bringing in new skills and experience as we to move toward execution of the development strategy.

In this year, 2023, we intend to deliver the following outcomes for shareholders:

1) Finalisation of the demonstration plant test work expected to be finalised early in 2023 with initial samples converted into final Lithium Carbonate.

2) DFS, ESIA completion.

3) Advancing project financing discussions to a Final Investment Decision

4) Expanded exploration activity & test work across three other projects in Jujuy.

5) An expanded Board and Executive team bringing additional skills and experience to guide the company through to project execution.

We will finish the year in a very strong financial position having secured Conditional Framework Agreements with SK On and WMC Energy for offtake up to 50,000 tpa that will come with a significant investment to assist with the equity required for project funding upon Final Investment Decision, a strong cash balance and a commitment from our technology provider Lilac Solutions to fund their share of project finance as we move to commence construction at Kachi.

The rising prices of lithium in global markets delivers an exceptional opportunity for your company. Lake is now one of only a few companies with near term production ambitions that remain independent, and we intend to remain so as supply chain issues come to the fore. We are also one of only a few with additional projects to bring to market in the years ahead which provides shareholders with considerable potential organic growth.

With increased efforts underway to build out new home-grown supply chains across Europe and North America we see a significant opportunity to be a part of that growth.

With an expanded executive team, we intend to aggressively pursue the expansion of the three brine projects in Jujuy with an intention to deliver higher volumes to market as the deficit grows later in the decade. We remain committed to bring these new projects to market with a sense of urgency to deliver an aspirational target of 100,000 tpa or more lithium product by 2030. Your board is confident in delivering this target as Lake has the benefit of using Ion Exchange Extraction to extract the lithium from the brines delivering much higher recoveries than traditional methods whilst requiring less freshwater usage and a scalable process delivering a sustainably produced high purity product that is keenly sought by the market.

I would also like to focus on the new executive team being built by our new CEO/Managing Director David Dickson who will make a presentation following the official part of the meeting. We are fortunate to have been able to recruit a number of highly motivated professionals to our team with vast experience in delivering large scale projects into production, I welcome David and his team to our company and look to the coming year with excitement as we move your company from a focus on exploration to one of construction and project execution.

I would like to thank shareholders for their ongoing continued support of their company. Whilst we have achieved a lot this year the lithium sector remains volatile, but we remain focused on our long-term goal of production at Kachi and expansion of the three other projects in Jujuy.

This year we have also welcomed a growing number of institutional investors onto our register for the first time as we entered the ASX 300 and more recently ASX 200 indices. International interest in our company continues to grow as we move to complete test work at the Kachi Demonstration Plant, and I anticipate strong conversion of this interest into active participation in our company as results come to hand as we seek to continually de-risk the project and move toward construction phase.

Our company could not have achieved the growth and success it has over the last 12 months without a great team on the ground in Argentina, here in Australia and more recently the United States. My thanks to all employees, partners, consultants, and bankers globally and of course my fellow board members for their commitment through trying and disruptive times, I am truly grateful for your continued support and for the great work you do, thank you.

The year ahead, whilst challenging, I suspect will be the company's most formative year yet as we move toward financing and construction phase of the Kachi project and continued development of other projects.

I look to the coming year with great anticipation and pride as a founding shareholder as your company strives to become one of the world's significant suppliers of high purity lithium products.

Thank you.
Stuart Crow
Executive Chairman
Lake Resources NL

To view the AGM Presentation, please visit:
https://www.abnnewswire.net/lnk/O5KA33HI



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

News Provided by ABN Newswire via QuoteMedia

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Lake Resources NL  Provides Operational Update

Lake Resources NL Provides Operational Update

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) announces it has made important progress towards key operational milestones, while strengthening the organization and its Board with the addition of critical expertise.
Reorganization

To better position the Company for success as it moves into the development stage of the Kachi project, and further develop the future opportunities of Cauchari, Olaroz and Paso, Lake has expanded its operating team significantly, adding technical, procurement, project, hydrogeology, drilling and engineering experts, to oversee the technical requirements of this next stage of development.

Strategic and structural organizational changes have been put in place to optimize the productivity of this team.

These changes included the division of the role of operational oversight into two main areas of responsibility: 1) Process Plant Development and Operations; and 2) Field Development and Evaluation.

In addition to these changes, Gautam Parimoo, previously Chief Operating Officer, has left the organization.

Kachi Project Update

As announced to the ASX earlier this week, Lilac has achieved two important milestones of the Kachi Pilot Plant Agreement and Saltworks is expected to complete the conversion of the 40,000 litres of LiCl to Lithium Carbonate over the next months.

After an extensive drilling program Lake also reported to the ASX a 100 percent increase in the mineral resource estimate of Kachi, to 2.2 million tonnes of lithium carbonate equivalent of Measured and Indicated, and 3.1 million tonnes of Inferred resources.

This further supports the Lake Resources business plan to produce 50,000 tpa (tonnes per annum) of Lithium Carbonate.

Considering this material resource upgrade, and with a new team now in place, the Company is doing a rigorous evaluation of project timelines and estimated capital costs, which it expects to complete and report on early in the second quarter of 2023.

Lake is continuing to advance its Definitive Feasibility Study (DFS), completing the evaluation of the processing plant, and moving into the next phase of the project study. Lake is targeting to complete the DFS by mid 2023.

Lake remains in ongoing discussions with both SK On and WMC regarding the implementation of the CFAs, which were previously announced to the ASX in October 2022.

Enhanced Board of Directors

Also previously announced to the ASX, Lake has added sector-leading industry, capital markets and governance expertise to its Board in recent months. The additions of Howard Atkins, Cheemin BoLing and Ana Gomez Chapman, bring strong pillars of strategic, operational, financial, and ESG oversight.

"We are pleased with the progress we are seeing at Kachi, especially regarding the recent update on the Kachi Mineral Resource Estimate, and the good progress by our partner Lilac in developing and operating the demonstration plant," said David Dickson, CEO of Lake Resources.

"With the ongoing recruitment of talented experts, the realignment and new focus of the organization, and the enrichment of our Board, we are well-positioned to complete the development of Kachi, while pursuing development of Cauchari, Olaroz and Paso.

"We look forward to producing high-quality, sustainable lithium for our customers and delivering value to all of our stakeholders".



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.

News Provided by ABN Newswire via QuoteMedia

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Lake Resources NL  Kachi M&I Resource Update 2.2mT LCE 3.1mT Inferred Resource

Lake Resources NL Kachi M&I Resource Update 2.2mT LCE 3.1mT Inferred Resource

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to provide an updated resource for the Kachi lithium brine project in Catamarca Province, Argentina. This updated resource is based on drilling activities that have been underway throughout the year, with the company having multiple drilling rigs on site to expedite drilling activities and related studies for the project. The company is currently in the process of installing test production wells for pumping and reinjection aquifer testing as part of the project DFS.

Highlights

- Additional drilling has upgraded and increased confidence in the resource in the central area of the salar, with Measured and Indicated (M&I) resources of 2.2 Mt of lithium carbonate equivalent (LCE) defined, to a depth of 400 m over 81 km2.

- Surrounding the M&I resources are Inferred resources of 3.1 Mt LCE defined over 117 km2. The resource remains open to a depth of approximately 700 m and open laterally, where drilling is underway to better define the resource extent.

- The lithium grade of the Measured resource (0-400 m) across the salar is 212 mg/L lithium, the Indicated resource immediately southeast is 178 mg/l lithium, and the surrounding Inferred resource (0-400 m) has a concentration of 198 mg/L lithium.

- Properties are 100% owned by Kachi Lithium PTY Ltd, in which Lake has a 90% interest and Lilac has a 10% interest.

- Additional assays are awaited to expand the area of high confidence (M&I) resources.

Project background

The maiden resource estimate at Kachi was undertaken in 2018 as part of the project Pre-feasibility Study. That estimate identified an Indicated Resource of 1.05 Mt of LCE over an area of 61 km2, surrounded by an Inferred resource of 3.19 Mt over an area of 114 km2. The resource was defined from 50 m to an average of 334 m depth, with the upper 50 m excluded from the resource due to uncertainties about lithium concentrations over that interval at the time of the estimate.

With further diamond and rotary drilling and geophysical logging of wells the confidence in the geological and resource models has increased and the resource classification has been upgraded to reflect this. Drilling has been conducted to 400 m depth across the Measured and Indicated resource area. Geophysics was previously undertaken to define the base of the unconsolidated sediments hosting brine. Additional geophysics will shortly commence to define extensions of the brine body and to define in more detail the geometry of the contacts between the brine and areas of brackish water, to support the development of pumping simulations and a reserve model for the project.

To view full project details, please visit:
https://abnnewswire.net/lnk/U06630NM



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.

News Provided by ABN Newswire via QuoteMedia

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Lake Resources NL  and Lilac Announce Achievement of Milestones at Kachi

Lake Resources NL and Lilac Announce Achievement of Milestones at Kachi

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) and its direct lithium extraction technology partner, Lilac Solutions ("Lilac"), are pleased to announce the on-time achievement of key milestones for Project Kachi. Project Kachi is a world-class lithium development project that is poised to lead the industry in the production of high-quality lithium with a minimal environmental footprint.

As outlined in the agreement between Lilac and Lake, Lilac has successfully operated the Demonstration Plant for 1,000 consecutive hours and produced 40,000 litres of lithium chloride eluate before December 31, 2022, and therefore has met all key testing milestones in accordance with the agreed timeline. The lithium chloride eluate produced by Lilac is in the process of being shipped to Saltworks and converted to lithium carbonate, after which it will be independently tested for purity.

Lake CEO and Managing Director David Dickson said the achievement of these milestones demonstrated the significant promise of Project Kachi.

"Lilac has proven to be an exceptional partner to work with in our joint pursuit of the efficient and cleaner delivery of high-quality lithium, which is in increasingly high demand by battery makers," said Mr. Dickson.

"We are pleased with our accomplishments to date and are intently focused on the next stages of this project. Above all, we are proud of the work we and Lilac have achieved thus far to innovate the production of lithium in a way that is inclusive and respectful of the local communities in which we operate, and protective of the environment."

Lilac Solutions CEO David Snydacker commented: "Lilac's ion exchange technology is revolutionizing lithium extraction, and we are very excited to ship these first truckloads of lithium chloride produced on site at the Kachi project. Increasing the global supply of lithium is critical for our energy transformation, and we are proud of our progress in building an environmentally- and socially responsible lithium supply chain. We look forward to future achievements alongside Lake Resources."



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.

News Provided by ABN Newswire via QuoteMedia

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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.

News Provided by ABN Newswire via QuoteMedia

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Lake Resources NL  Appoints New Board Member Ana Gomez Chapman

Lake Resources NL Appoints New Board Member Ana Gomez Chapman

Sydney, Australia (ABN Newswire) - Further to Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) announced commitment to strengthen and broaden the experience of its board as it progresses to a new development stage, Lake is pleased to announce the appointment of Ms. Ana Gomez Chapman to its Board, effective January 1, 2023.

Ms. Chapman is a financial services executive and board director with over 25 years of investment management, capital markets and business leadership experience. She has worked and lived across the U.S., Europe, Latin America and Asia Pacific.

Ms. Chapman previously served on the Board of Directors of MP materials, a US-based sustainable rare earth production and refining company where she steered the company through an operational turn-around that led to a New York Stock Exchange listing. She has also served on the Advisory Board of investment software company Backstop Solutions Group.

Ms. Chapman is a capital markets expert who has held senior roles at institutional investment firms including Hamilton Lane, where she currently serves as a Managing Director. She previously was Senior Relationship Manager and Alternatives Lead at Allianz Global Investors, President of JHL Capital Group LLC, and Vice President at Goldman Sachs in their Latin American, Asian and US equities businesses.

Ms. Chapman holds a Bachelor of Science in Civil and Environmental Engineering from Cornell University and an MBA from Columbia Business School.

Ms. Chapman's appointment follows the board appointments of Mr. Howard Atkins and Dr. Cheemin Bo-Linn, announced earlier this week.

"This is another important appointment as Lake builds out its senior management team and board while moving toward execution on the Kachi project," said Lake Executive Chairman Mr. Stuart Crow said.

"Our Board continues to focus on Board refreshment to ensure it has the right individuals to fulfil its key responsibilities of strategic oversight, succession planning, ESG and risk oversight," said Mr. David Dickson, CEO of Lake.

"Ms. Chapman's knowledge of critical minerals supply chains, her contacts in the US, Europe, Latin America and Asia, and her capital markets expertise is a significant enhancement to our board," added Mr. Dickson.

Mr. David Dickson assumed the role of CEO and Managing Director in September 2022. Mr. Dickson is an industry leader with over 30 years' experience in engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects.

Ms. Chapman will be issued 238,500 Restricted Stock Units that vest one year after appointment (1 January 2024). Shareholder approval will not be sought for the issue of the Restricted Stock Unit (or their exercise) as Ms. Chapman was not a director of Lake at the time of the negotiations and had no influence over the decision to issue the Restricted Stock Units.



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.

News Provided by ABN Newswire via QuoteMedia

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Enterprise Group Shares Accepted for Listing on U.S. OTCQB Exchange

Enterprise Group Shares Accepted for Listing on U.S. OTCQB Exchange

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Enterprise is pleased to announce that the Company's common shares have begun trading on the OTCQB Venture Market ("OTCQB") effective today under the ticker symbol ETOLF. In addition to the listing, Enterprise shares are now eligible for electronic clearing and settlement with the Depository Trust Company ("DTC") for trading in the USA.

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Montfort's TIMIA Capital Originates $35.8 Million of Non-Dilutive Capital in 2022

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~TIMIA's scalable fintech platform grew 42% year-over-year by providing non-dilutive growth capital financing for technology companies scaling SaaS products~

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RecycLiCo Battery Materials Delivers Battery-Grade Lithium Carbonate and Lithium Hydroxide to Battery Manufacturers in Japan and South Korea

RecycLiCo Battery Materials Delivers Battery-Grade Lithium Carbonate and Lithium Hydroxide to Battery Manufacturers in Japan and South Korea

RecycLiCo Battery Materials Inc. ( "RecycLiCo" or " Company "), a battery materials company focused on the development of novel lithium-ion battery recycling and upcycling technologies, announces that it has delivered samples of its battery-grade lithium carbonate and lithium hydroxide to battery manufacturers in Japan and South Korea. The companies, which are among the top manufacturers in the region, will conduct a technical review of the lithium products and explore potential business partnership opportunities with RecycLiCo.

RecycLiCo's recycled lithium products are produced using a closed-loop process that recovers lithium from end-of-life batteries and battery production scrap. The Company's lithium products have been produced to the stringent purity standards of the battery industry without the use of conventional purification methods, making them a reliable and sustainable alternative to traditional sources of lithium.

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Enterprise Group Announces Addition of New Client

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Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) emissions for small local and Tier One global resource clients, announces a business relationship with a Canadian based oil and gas producer. This new business was secured by Enterprise's Evolution Power Projects (EPP) division.

With a market cap of nearly CDN$1 billion, the client is known to acquire assets with exploitation potential and, at the same time, implement a full-cycle exploration program. Enterprise will provide Natural Gas Power generation systems that will enhance the Company's operational activities that serve to comply with all environmental regulatory standards and requirements.

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RecycLiCo Battery Materials Inc. (" RecycLiCo " or "the Company "), a battery materials company focused on the development of novel lithium-ion battery recycling and upcycling technologies, is excited to announce a significant milestone in its mission to revolutionize the lithium-ion battery recycling industry.

The Company's recycled-upcycled precursor cathode active material (" Precursor ") has been successfully used by a Korean cathode manufacturer to create battery cells that demonstrate the same level of performance as commercial precursor material. Battery cell performance was validated using industry-standard metrics and benchmarked against multiple other recycled precursor and commercial precursor products.

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