Lake Resources N.L. (AU:LKE) has released an update.
Lake Resources N.L. has announced a $2.5 million capital raise through the issuance of 65 million shares at a slight discount, with the proceeds aimed at bolstering the company’s balance sheet and advancing strategic priorities for its flagship Kachi Project. The funding, subject to shareholder approval, will also potentially aid in the sale of non-core assets in Argentina. Lake Resources leverages innovative ion exchange technology to produce high purity, sustainable lithium vital for the clean energy sector.
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