Lake Resources N.L. (AU:LKE) has released an update.
Lake Resources N.L. is advancing its strategic partnership process for the Kachi project, led by Goldman Sachs, while also marketing non-core asset sales within the Lithium Triangle to optimize their financial runway. The company is implementing significant cost reduction measures, including halving their global headcount and deferring the CEO’s salary, to maintain a strong cash position and focus on the Kachi project’s success without impacting strategic priorities.
For further insights into AU:LKE stock, check out TipRanks’ Stock Analysis page.
