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Lake Resources N.L. ( (AU:LKE) ) has shared an update.
Lake Resources N.L. announced an inadvertent breach of ASX Listing Rule 7.1 related to the issuance of 41,000,000 fully paid ordinary shares under its At-the-Market Subscription Agreement with Acuity Capital. The breach, which was identified by the ASX, does not affect the validity of recent share and option issues but highlights an administrative error in calculating available placement capacity. The company has taken steps to ensure compliance with ASX Listing Rules, including reviewing corporate governance policies and implementing additional measures to prevent future breaches, such as enhanced training and revised template placement capacity worksheets.
The most recent analyst rating on (AU:LKE) stock is a Hold with a A$0.10 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 utilizing advanced ion exchange extraction technology to produce sustainable, high-purity lithium from its flagship Kachi Project located in the Lithium Triangle in 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.
YTD Price Performance: 123.81%
Average Trading Volume: 24,908,562
Technical Sentiment Signal: Hold
Current Market Cap: A$209.9M
Learn more about LKE stock on TipRanks’ Stock Analysis page.