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- Lake Resources (LKE) has entered a trading halt ahead of a “material” capital raise announcement
- Lake Resources is a mineral exploration company that focuses on exploring and developing lithium brine and lithium hard rock projects
- Currently, Lake and its partner, Lilac Solutions, are focused on producing lithium chloride using brines from Lake’s Kachi Lithium Brine Project in Argentina
- Recently, Lake appointed Colorado-based assay lab, Hazen Research, to produce larger samples of battery-quality lithium carbonate for potential offtake customers
- Whether or not the capital raise will support project activities or future offtake agreements is not yet certain
- Company shares last traded for 3.5 cents on Friday, August 21
Lake Resources (LKE) has entered a trading halt ahead of a “material” capital raise announcement.
The company will remain in a trading halt until the earlier commencement of trading on Wednesday, August 26, unless the capital raise is announced earlier.
Lake Resources is a mineral exploration company that focuses on exploring and developing lithium brine and lithium hard rock projects.
Earlier this month, Lake appointed Colorado-based assay lab, Hazen Research, to produce larger samples of battery-quality lithium carbonate for potential offtake customers.
Lake and its partner, Lilac Solutions, are currently focused on producing lithium chloride at Lilac’s lithium extraction pilot plant. The pair are using brines from Lake’s Kachi Lithium Brine Project in Argentina.
The mineral explorer expects the first battery-quality lithium carbonate samples will be produced by early next month.
Whether or not the capital raise will support project activities or future offtake agreements is not yet certain.
Company shares last traded for 3.5 cents each on Friday, August 21.
