An announcement from Lake Resources N.L. ( (AU:LKE) ) is now available.
Lake Resources N.L. has successfully raised $2.25 million through its At-the-Market Subscription Agreement with Acuity Capital by issuing 56 million fully paid ordinary shares at a premium price of 4.0 cents per share. The funds will be used to strengthen the company’s balance sheet, support its strategic priorities for the Kachi project, and provide working capital, highlighting the company’s ongoing commitment to advancing its operations and maintaining a strong market position.
More about Lake Resources N.L.
Lake Resources N.L. is a responsible lithium developer that utilizes state-of-the-art ion exchange extraction technology to produce sustainable, high-purity lithium. The company’s flagship project, Kachi, is located in the Lithium Triangle in Argentina, focusing on delivering high-purity battery materials with a low carbon footprint and significant ESG benefits.
YTD Price Performance: -30.0%
Average Trading Volume: 282,393
Technical Sentiment Signal: Strong Buy
Current Market Cap: $31.38M
For detailed information about LKE stock, go to TipRanks’ Stock Analysis page.