Lake Resources NL (ASX:LKE; OTC: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 cover 200 sq km in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost.
An Australian public company, Lake aims to become an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium. Lake’s projects are readily scalable and its battery-quality product is in demand from Tier 1 electric vehicle (EV) makers and battery makers worldwide.
Lake’s technology partner, California-based Lilac Solutions Inc has developed efficient and disruptive clean technology to produce sustainable high purity lithium. This has a small environmental footprint, both physically and by returning almost all brine to its source. The consistently high quality product together and its environmental and social benefits, make this in demand from tier one EV and battery makers.
Lilac’s cost-competitive technology has been backed by the Bill Gates-led Breakthrough Energy Fund and MIT’s The Engine Fund, among other leading sustainability investors.
High purity lithium carbonate samples (99.9%) with very low impurities have been produced from lithium brines from Lake’s flagship project. The growth of higher density batteries to drive the latest EVs has significantly increased demand for a consistently high purity product (battery quality) with low impurities, providing premium pricing for Lake’s planned product.
OTC listing: LLKKF
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Steve Promnitz - Managing Director - Lake...
Lake Resources NL (ASX: LKE; OTC: LLKKF) yesterday...