Appointment of CEO and Managing Director of Lake Resources NL (ASX:LKE)

Appointment of CEO and Managing Director

Sydney, September 7, 2022 AEST (ABN Newswire) – Lake Resources NL (ASX: LKE) (LK1:ENG) (LLKKF:OTCMKTS) is pleased to announce the appointment of Mr. David Dickson as CEO and Managing Director.

Mr. Dickson is an industry leader with over 30 years of experience in process technology, engineering, construction and EPC cost management, in the energy sector.

It has a proven track record of successfully delivering multi-billion dollar resource projects.

With globally significant lithium sites, Lake’s ambitious goal is to achieve 100,000 tpa LCE capacity.

Mr. Dickson’s expertise will support Lake’s rapid growth and its mission to become a leader in providing responsibly sourced, environmentally responsible and competitively priced high-purity lithium.

It ensures that operations in North and South America will be accelerated to advance key project and marketing milestones.

“It is a major achievement to have secured a CEO like David as Lake transitions from project development to construction to become a major lithium producer.

“David combines proven leadership and engineering expertise with a deep strategic understanding of buyer and investor perspectives on energy supply chains,” said Lake Executive Chairman, Mr. Stuart Crow.

“David knows all the major oil services and EPCM contractors looking to expand into the renewable economy – at a time when major projects are struggling to find that capacity and support.

“Including companies skilled in environmentally friendly drilling and re-injection – a key to large-scale Lake expansion.”

He said Mr Dickson was a senior and experienced negotiator on major EPCM contracts and brought a senior commercial presence to the negotiating table.

He said Mr. Dickson’s desire to join Lake demonstrates his confidence in Lilac’s cutting-edge technology and strong ESG focus that will enable Lake to set a new standard for the mining and production industry. lithium.

“His expertise bridges project delivery, leadership, technical knowledge and relationships with key stakeholders in industry, government and the investment community.”

Mr. Dickson is currently Senior Advisor to private equity firm Quantum Energy Partners, the world’s leading provider of private capital for the responsible energy and energy transition and decarbonization sectors, and Executive Strategic Advisor to the firm. strategic investment company The Chatterjee Group.

He spent more than seven years as CEO of global engineering and construction company McDermott International, which he left in 2021. At the start of his tenure, McDermott employed approximately 14,000 people and operated in 20 countries.

Mr. Dickson built a strong management team, steered the company into profitable new markets and closed deals with key customers, such as Saudi Aramco.

He oversaw McDermott’s merger with CB&I and eventually grew the company to over 30,000 employees in 54 international markets.

Prior to McDermott, he previously served as President of Technip USA, overseeing marketing and operations in North, Central and South America. He was also appointed to the board of directors of the US National Safety Council and a member of the World Hydrogen Council.

“Lake Resources has the opportunity to set a new global standard for the production of clean, high-purity lithium at speed and scale, at a time when demand for lithium is rapidly increasing,” Dickson said. .

“Being part of the global energy transition and bringing crucial new technology to large-scale lithium production is an immense privilege.

“I look forward to bringing all of my experience to this role and building one of the companies of the future,” Mr. Dickson said.

Mr Crow said Lake conducted a six-month global search to find the right CEO and managing director.

“We welcome David to the management team at this phase in the company’s history as we move towards the development and production of our first project in Kachi,” Mr. Crow said.

He said major new international appointments to Lake’s board would be announced shortly, covering ESG, governance, finance and audit.

About Lake Resources NL

Lake resourcesLake NL Resources (ASX: LKE) (OTCMKTS: LLKKF) is a clean lithium developer using 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 located 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, responsible, green and competitive supplier of high purity lithium that is easily scalable and in demand by EV and Tier 1 battery manufacturers.

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