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The latest announcement is out from Lake Resources N.L. ( (AU:LKE) ).
Lake Resources N.L. has raised $2.1 million through its At-the-Market Subscription Agreement with Acuity Capital by issuing 65 million shares at a discount price. The funds will bolster the company’s balance sheet and support the strategic alternatives process for the Kachi Project. Additionally, Lake has extended the expiry date of its ATM by five years to 2031 and increased the shares held as security by Acuity Capital. This move reflects the company’s ongoing efforts to secure financial stability and advance its projects, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (AU:LKE) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Lake Resources N.L. stock, see the AU:LKE Stock Forecast page.
More about Lake Resources N.L.
Lake Resources N.L. is a responsible lithium developer that employs state-of-the-art ion exchange extraction technology to produce sustainable, high-purity lithium. The company’s flagship project is the Kachi Project located in the Lithium Triangle in Catamarca Province, Argentina. This technology addresses the growing demand for high-purity battery materials and sustainable, responsibly sourced materials with a low carbon footprint and significant ESG benefits.
Average Trading Volume: 5,873,541
Technical Sentiment Signal: Sell
Current Market Cap: A$59.95M
Find detailed analytics on LKE stock on TipRanks’ Stock Analysis page.