Lake Resources NL  Investor Webinar Invitation

Lake Resources NL Investor Webinar Invitation

Sydney, Australia (ABN Newswire) - A Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) Investor webinar will be held on 28 September 2023.

The briefing will commence at 11.00am AEST following the release of presentation material to the ASX.

The webinar will be hosted by CEO, David Dickson, Scott Munro, Senior Vice President of Technology, Strategy and Risk, and Jonathan Nielsen, Project Technical Director. They will be speaking on DLE, and more specifically, the ion exchange DLE technology the company is utilizing at its flagship Kachi project, along with other operational updates since the company's last webcast on 23 August 2023.

Investors are encouraged to register ahead of the event, via this link:
https://app.webinar.net/1yZ07ZdzGrl

Investors are also encouraged to submit questions in advance of the webinar, either directly on the registration form or to Karen Greene, Senior Vice President of Investor Relations and Communications.



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



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

Global:
Karen Greene
SVP, Investor Relations
karen.greene@lakeresources.com.au

News Provided by ABN Newswire via QuoteMedia

LLKKF
The Conversation (0)
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

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
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

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
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

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
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

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
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

Keep reading...Show less
Troy Minerals Completes Infill Soil Sampling at Lac Jacques

Troy Minerals Completes Infill Soil Sampling at Lac Jacques

(TheNewswire)

Troy Minerals Inc.

Troy Minerals Inc. (" Troy " or the " Company " ) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce the results of the 2024 soil geochemical survey on the Lac Jacques rare earth element (REE) property. The 100% owned Lac Jacques property is located approximately 250km north of Montreal Quebec, Canada and approximately 40km northeast of the town of St. Anne du Lac (Figure 1).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Forward Water Technologies Corp. and Fraser Mackenzie Accelerator Corp. announce Closing of Business Combination

Forward Water Technologies Corp. and Fraser Mackenzie Accelerator Corp. announce Closing of Business Combination

Toronto, Ontario // ACCESSWIRE // September 30, 2024 - Forward Water Technologies Corp. ("FWTC") (TSXV:FWTC) and Fraser Mackenzie Accelerator Corp ("FMAC") (TSXV: FMAC.P) are pleased to announce the successful closing of their previously announced business combination (the "Transaction"). The combined company will continue to conduct the business operated by FWTC.

Summary of the Transaction

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Forward Water Technologies Corp. Announces Share Consolidation Effective Date

Forward Water Technologies Corp. Announces Share Consolidation Effective Date

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

Forward Water Technologies Corp. ("FWTC" or the "Company") (TSXV:FWTC) is pleased to announce that, further to its previous press release relating to the business combination with Fraser Mackenzie Accelerator Corp., the consolidation of the outstanding common shares of the Company (each, a "Common Share") on the basis of one post-Consolidation Common Share for every ten pre-Consolidation Common Shares is anticipated to be made effective for trading purposes at the opening on September 27, 2024 (the "Effective Date"). It is anticipated that the Common Shares will begin trading on the TSX Venture Exchange on a post-Consolidation basis at market open on the Effective Date. The new CUSIP of the Common Shares will be 34988A201 and the new ISIN will be CA34988A2011

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Cypher Metaverse

Cypher Metaverse Inc. Announces Second Closing of Financing

Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is pleased to announce that it has completed the second closing of its previously announced private placement. The Company accepted subscriptions for 599,706 units at a price of $0.085 per unit, for gross proceeds of $50,975. The Company paid finders fees to a qualified finder of $1,253.75.

Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for $0.15 for a period of 2 years from the date of closing, subject to the Corporation's option to accelerate the expiry date if the stock trades at $0.20 for 10 trading days.

Keep reading...Show less
First Tellurium

First Tellurium Subsidiary PyroDelta to Launch Production of Thermoelectric Generator for Automobiles

Device expected to replace alternators and increase efficiency for combustion engines while also helping electric vehicles generate more power.


Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×