Lake Resources is a Lithium developer utilising direct extraction technology (DLE) for the development of sustainable, high purity Lithium from its flagship Kachi Project, as well as three other Lithium brine projects in Argentina. The four projects cover 220,000 hectares in a prime location within the Lithium Triangle, where 40% of the world’s Lithium is produced at the lowest cost.

Lake Resources was established 5 years ago when they put the assets together in Argentina. The team had experience of working in South America and their approach was to develop one main project in a prominent location next to other well-known producers. Then 3 years ago they developed DLE at Kachi as the battery/cathode market was pushing for more consistency with low-level impurities in the product.

Buyers and manufacturers of battery quality Lithium want more sustainable products going forward. The DLE method has a smaller physical footprint than the saltwater brine technique. There is reduced energy consumption and smaller usage of water with DLE which is better environmentally. The Lithium produced is a consistent, high-quality product that meets the demands of the Tier 1 EV and battery makers. 

The last 2 years have been difficult for the company, but now, in 2021, the Lithium market has turned and the EV market has realised the need for a greater supply of battery quality materials and Lake Resources has its PFS completed, ready to go. They have recently raised $20M. The DFS will be out by Q1 of next year and by the middle of next year, all the studies will be completed with the final approvals ready for construction finance agreements. 

Lake Resources can demonstrate that they can produce a high-quality product that the market wants at scale and can do this in a sustainable and environmentally sensitive way which very few companies can do. Their projects are large and are in the process of scaling up Kachi from 25,000-50,000 tons and they are in the process of developing the next projects too. 

There will be a lot of news coming out from Lake Resources in the next 12-18 months so watch this space.

Company Page: https://lakeresources.com.au/

Explore More Here: https://cruxinvestor.com
Join our Club's waitlist: https://cruxinvestor.com/club

For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:

https://twitter.com/cruxinvestor
https://www.linkedin.com/company/crux-investor/
https://www.facebook.com/cruxinvestor

If you got value from this interview, please subscribe.