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Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) advises that is has entered into a Conditional Framework Agreement with SK On Co., Ltd. (SK On) for the offtake of up to 25,000 tonnes per annum (tpa) of lithium from the Kachi Project which includes 10 percent investment by SK On in Lake via the issue of new ordinary shares.

Significant terms of the CFA are as follows:

- A strategic investment of a 10 percent stake in Lake (20 trading-day VWAP prior to 12/10/22)

- Offtake of 50 percent of Kachi project lithium product up to 25,000dmt (LCE)

- Initial five-year term plus option for a further five years

- Offtake priced on an agreed market price formula based upon the average quoted price in the quotation period.

The CFA is subject to a standard set of conditions being achieved by Lake Resources including: DFS; Lilac demonstration plant results; financial due diligence; and product specifications.

The CFA becomes unconditional upon the satisfaction of conditions precedent.

"The CFA delivers a long-term strategic agreement with SK On, one of the world's pre-eminent lithium-ion battery producers with a major growing presence in the North American market," Stu Crow, Lake's Executive Chairman, said.

He said the agreement strengthens Lake's long term shareholder base and adds to the equity component required for the drawdown of debt facilities for project development.

Lake's new CEO and MD David Dickson said the CFA cements the ability of Lake to scale up environmentally responsible production and also affords SK On the opportunity to participate in Lake's other projects as they move to development to ensure a supply of high-quality lithium products are available to SK On.

"SK On is very pleased to execute this CFA with Lake, a clean lithium developer, which can allow SK On to secure a stable lithium supplier for its U.S. supply chain," Jinsuk Ryu, SK On's Vice President said.

"Lake fits particularly well with SK On's ESG policy as it utilises environment-friendly direct lithium extraction technology for production of lithium. With this CFA, both Parties will strengthen mutual partnership to advance opportunities to secure sustainable sources of raw materials in the future," she said.

SK On is one of the fastest-growing battery manufacturers in the industry, with battery production facilities operating in countries including the U.S., China, Hungary and Korea. SK On, an affiliate of Korea's secondlargest conglomerate SK Group, supplies batteries to major automakers, including Ford Motor Company, Hyundai Motor Company and Volkswagen.

SK On has consented to this market release. Lake will update the market on progress on the implementation of the CFA with SK On as soon as it is able to do so.

Lake is advised in this transaction by New Electric Partners (www.newep.com).



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:
For media queries, please contact:
Nigel Kassulke at Teneo
M: +61-407-904-874
E: Nigel.Kassulke@teneo.com

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Lake Resources NL  Provides Kachi Project Contract Update

Lake Resources NL Provides Kachi Project Contract Update

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to advise that a contract amendment has been signed to resolve the dispute between Lilac Solutions ("Lilac") and Lake Resources ("Lake"). This amendment allows the teams to reset the relationship and jointly focus on delivery of the world class Kachi Project which will lead the industry in terms of high-quality Lithium produced with a minimal environmental footprint. In resolving the dispute, Lake and Lilac have agreed to an amended timeline which both are confident can be achieved; as before, Lake will have certain buy back rights if Lilac does not meet agreed testing criteria in a timely manner.

Lilac and Lake continue work at the Kachi Project Demonstration Plant, with performance of the plant in line with expectations. The Demonstration Plant has now produced more than 15% of the total Demonstration Plant forecast output in the short period since the Plant came online this quarter. 20,000 litres of LiCl have been produced to date and ongoing production is proceeding, consistent with the Demonstration Plant's planned operational schedule.

The Demonstration Plant is currently operating continuously at 90 percent of steady state capacity, volume, and production. Hatch Ltd engineering personnel will travel to Argentina to observe and validate the operations of demonstration plant in steady state in coming weeks.

The Kachi Demonstration Plant continues to produce in-spec LiCl solution between 1900 and 3800 mg/L.

Previous testing on Kachi brines at Lilac's California headquarters Oakland delivered 1400-2354mg/L.

Lilac Solutions is preparing samples for shipment to Saltworks and Lilac's facility in Oakland CA for conversion into Lithium Carbonate.

Lake CEO and MD David Dickson said the progress and test work being achieved was promising.

"We are fortunate to be working with Lilac as our partner, who is equally interested in doing things differently so we can efficiently deliver the large volumes of high-quality lithium chemicals needed by battery makers.

"Importantly, this lithium can be produced cleanly and in a way that respects and involves local communities and protects the environment.

"Lilac has worked extensively with Kachi brine since 2020, generating the data needed for engineering studies. These next steps, along with the strong alignment of our companies, are quite encouraging," he said.

Lilac Solutions CEO David Snydacker commented, "Lilac and Lake are working together closely to set a new standard for pace of project development in the lithium industry. Progressing the on-site plant from completion of construction to shipping of on-spec bulk samples of lithium chloride in just two months is significantly faster than conventional projects move, where commissioning of evaporation ponds typically takes many years. We expect to continue to improve upon the traditional project development timeline as we advance toward commercial production, ultimately bringing the Kachi project on-line years ahead of competing projects. This will put the Kachi project in an excellent position to supply the lithium raw material urgently needed by automakers and capture the high prices we see in the market due to the failure of conventional approaches."



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 Ms Karen Greene SVP to Lead Investor Relations

Lake Resources NL Appoints Ms Karen Greene SVP to Lead Investor Relations

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to announce the appointment of Karen Greene to lead investor relations at Lake Resources. This is a key appointment to strengthen and broaden the experience of the Lake Resources management team and build the business for the long term.

- Successful in building and implementing investor relations programs, targeting and transforming the investor base.

- Extensive capital markets experience.

- A proven track record in strategic marketing and communications campaigns.

- Seasoned leader of business transformation and growth.

- ESG experience.

Ms Greene is an accomplished investor relations executive with over 20 years' experience in leading US companies.
Her investor relations leadership experience includes Senior Vice President, Global Client Experience and Corporate Communications, member of Senior Leadership Team at Q4 Inc, Toronto; and as Managing Director, Public Investor Relations at Hamilton Lane Corp and Actua Corporation in the US.

Lake Executive Chairman Mr Stuart Crow said the growing focus on environmental, social and governance considerations in supply chains meant the lithium mining sector would be scrutinized more closely in terms of its sustainability and that the appointment of Ms Greene with experience in US markets recognized this.

"She also has hands-on experience in helping companies grow and mature - as well as branding and marketing expertise as we progress our cleaner way of producing lithium.

Lake CEO David Dickson said that as Lake evolved through its next chapter of growth, it recognized the importance of communicating Lake's strategy, progress, and milestones with the investment community, and continuing to build strong relationships with current and prospective shareholders.

Ms Greene has an M.B.A., Boston University and Temple University, Dean's List; and B.A., Political Science, Dean's List, University of Rochester and the Universite de Sorbonne, Paris, France.

The appointment of Ms Greene follows the appointment of Mr David Dickson in the role of CEO and Managing Director. 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.



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 Demonstration Plant Initial Results

Lake Resources NL Kachi Demonstration Plant Initial Results

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to provide an update on progress at the Kachi project lithium processing demonstration plant.

Completion of construction of the demonstration plant on site and the wet and dry commissioning process took place during September and October.

The demonstration plant is now processing Kachi brines with final optimisation of the process now nearing completion.

Lilac Solutions Executive Vice President, Bart Packer, has been on site at Kachi to oversee the final adjustments to the plant to ensure optimisation of processes prior to continual processing getting underway.

"Initial operations of the demo plant have already delivered product at spec, with the demonstration plant achieving similar lithium recoveries that were achieved in the Oakland pilot plant test work in California.

"Optimisation work continues on site; Lilac anticipate the first samples of Lithium Chloride will be shipped for conversion to Lithium Carbonate within two weeks."

Lake proposes that this final lithium product will then be qualified by a tier one battery maker to vali date product specifications.

Lilac CEO, David Snydacker said these excellent early results validate Lilac's ability to quickly scale up lithium production at the Kachi site.

"Just one month after the start of wet commissioning, we are already achieving 80 percent lithium recoveries even as we complete the commissioning process and increase recoveries.

"Cheers to our field operations team, which has been working 24/7 to achieve these results in partnership with Lake Resource's fantastic team at Kachi.

"We are excited to expand our collaboration with the Lake team as we work to fast-track commercia l-scale production of lithium carbonate," he said.

Lake CEO, David Dickson said Lake was delighted to see initial test results achieving anticipated specifications.

"This validates the many years of test work that took place in Lilac's Oakland facility during Covid whilst access to site was impossible.

"We look forward to seeing the test work move into to steady state and then for the process to be validated by Hatch so that work on the DFS can be completed."

Mr Dickson said every resource project in construction phase globally had faced inevitable challenges in recent times and he had been pleased to see the Lake and Lilac teams in Argentina working together closely to overcome early construction challenges and to now deliver excellent results from the initial work completed on Kachi brines.

Lake Executive Chairman Stu Crow said Lilac's method of producing high purity lithium would disrupt the battery materials supply industry as it was scalable, low cost, and delivers a consistent product quality with a significant ESG benefit.

"The news of successful demonstration plant results is timely as Lake Resources full board is in Sydney to attend the IMARC conference this week to meet and host a strong delegation of representatives from Argentinian Federal and Provincial Governments and Departments, as well as continue discussions with international and domestic investment banks and financial market participants who have been assisting Lake in developing its strategy as the company moves toward financial investment decision (FID) in 2023," he said.

As noted in the September Quarterly Report, Lake intends to make several new executive and board appointments before year end as it transitions from an exploration company toward development and production.



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.

About International Mining and Resources Conference (IMARC):

The International Mining and Resources Conference (IMARC) is where global mining leaders connect with technology, finance, and the future. As Australia's largest and most influential mining event, IMARC creates a global conversation, mobilises the industry for collaboration and attracts some of the greatest leaders in the mining, investment, and technology industries for three days of learning, deal-making and unparalleled networking.

News Provided by ABN Newswire via QuoteMedia

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Lake Resources NL  Annual Report to Shareholders

Lake Resources NL Annual Report to Shareholders

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pursuing the production of sustainable, high purity lithium using ion exchange technology.

Lake aims to deliver a high purity, battery-grade product with minimal environmental impact, offering substantial ESG benefits.

The Company is finalising a definitive feasibility study for the production of 50,000 tonnes per annum (tpa) LCE at its Kachi Lithium Project.

Added to its other lithium projects of Cauchari, Olaroz and Paso, as part of 'TARGET 100' Lake is planning 100,000 tpa production by 2030 in Argentina's 'Lithium Triangle,' where 40% of the world's lithium is produced at the lowest cost.

Tier 1 EV and battery makers have been seeking more sustainable, responsibly sourced materials in their supply chain, and this is driving demand for Lake's product.

With analysts pointing to an increasing supply deficit for battery-quality lithium, Lake's projects are in the right location at the right time as we look to start development towards production.

*To view the Annual Report, please visit:
https://abnnewswire.net/lnk/8148250R



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  Strengthens Executive Team

Lake Resources NL Strengthens Executive Team

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) has appointed Mr Scott Munro to the newly created position of Senior Vice President - Technology, Strategy and Risk. This is a key appointment to strengthen and broaden the experience of the Lake Resources management team and build the business for the long term.

"This role will lead Technology engagement for the company as it transitions towards development of resources and will support the continuing evolution of Strategy and Risk processes in support of long-term value creation for stakeholders," Lake Executive Chairman Stuart Crow said.

"This is part of Lake's aspirational target to produce 100,000 tpa of high purity lithium ; underpinning Lake 's aim to become a leading lithium producer globally."

Mr Munro has significant experience and skills in strategic partnerships, corporate strategic planning, and technology development.

In addition, Mr Munro has experience of creating new business units and growing them rapidly to deliver large-scale industrial developments.

"Lake recognises the need for long term planning and the value of strategic relationships to support corporate growth as the company transitions from exploration to development and production in the high growth Lithium market," Mr Crow said.

Mr Munro has overseen the successful delivery of large-scale industrial projectsin international markets and has broad experience including general management, strategic planning, partnership development and overseeing technology development.

His prior roles included Corporate Development Officer at McDermott International with responsibility for Strategy Development following a period as Business Unit leaderforthe company's Americas, Europe, and Africa (AEA) Business Unit and overseeing its re-entry into these geographical areas.

In addition to these primary roles Mr Munro also sat on the board of directors of the McDermott / Baker Hughes Joint Venture consultancy company, io consulting, and the Low Carbon Technology development business NETPower as it moved through Pilot plant delivery.

This role will be part of the new executive structure at Lake to work alongside the COO and the newly appointed CDO.

The appointment of Mr Munro follows the appointment of Mr. David Dickson who assumed the role of CEO and Managing Director. 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.



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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Lomiko Announces Further Results From the Infill and Extension Exploration Drill Program at Its La Loutre Graphite Property in Québec, Including a Large Interval of 4.49% Cg Drilled Over 144.3m Including 8.43% Cg Over 55.5m in the Battery Zone

Lomiko Announces Further Results From the Infill and Extension Exploration Drill Program at Its La Loutre Graphite Property in Québec, Including a Large Interval of 4.49% Cg Drilled Over 144.3m Including 8.43% Cg Over 55.5m in the Battery Zone

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce the sixth round of analytical results from the infill and extension exploration drill program at its wholly-owned La Loutre Graphite property, located approximately 180 kilometres northwest of Montréal in the Laurentian region of Québec. The La Loutre graphite project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221128005428/en/

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Q3 2022 Financial Summary

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Premier Health Announces TSXV Approval of Normal Course Issuer Bid

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Pursuant to the NCIB, Premier Health may repurchase up to a maximum of 1,428,571 Common Shares representing approximately a value of $500,000 at the current market price and 7% of its public float, where the aggregate public float as at November 14, 2022, was 19,664,860 Common Shares. Purchases under the NCIB may be made through the facilities of the TSXV, based on the prevailing market price at the time of acquisition. The NCIB will be funded using existing cash resources and any Common Shares purchased under the NCIB will be cancelled.

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Montfort Capital Announces Special Meeting

Montfort Capital Announces Special Meeting

~Montfort proposes two new classes of preferred shares to strengthen capital structure~

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News Provided by Canada Newswire via QuoteMedia

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Each Unit will consist of one (1) common share of the Company ("Share") and one (1) common share purchase warrant ("Warrant"). Each warrant will entitle the holder thereof to acquire one Share of the Company at a price of $0.05 per Share for a period of eighteen (18) months from the date of issuance.

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