Lake Resources NL (ASX:LKE) Annual Report to Shareholders

0
Annual report to shareholders

Sydney, October 27, 2022 AEST (ABN Newswire) – Lake Resources NL (ASX: LKE) (LK1:ENG) (LLKKF:OTCMKTS) 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, delivering substantial ESG benefits.

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

In addition to its other lithium projects at Cauchari, Olaroz and Paso, under “TARGET 100”, Lake plans to produce 100,000 tpa by 2030 in Argentina’s “Lithium Triangle”, where 40% of lithium worldwide is produced at the lowest cost.

Electric vehicle and Tier 1 battery manufacturers are looking for more sustainable and responsibly sourced materials in their supply chain, which is driving demand for Lake’s product.

With analysts reporting a growing battery-grade lithium supply shortfall, Lake’s projects are in the right place at the right time as we seek to kick-start development toward production.

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

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, environmentally friendly and competitive supplier of high purity lithium that is easily scalable and demanded by EV and Tier 1 battery manufacturers.

Related companies

Lake NL Resources




Share.

Comments are closed.