Lake Resources N.L. ( (AU:LKE) ) has shared an update.
Lake Resources N.L. has issued 56,000,000 fully paid ordinary shares to Acuity Capital Investment Management Pty Ltd at a price of 4.00 cents per share under its At-the-Market Subscription Agreement. This move is part of the company’s strategy to raise capital without disclosure to investors, ensuring compliance with relevant sections of the Corporations Act 2001. The issuance of new shares is expected to support the company’s financial position and operational capabilities, potentially impacting its market presence and stakeholder interests.
More about Lake Resources N.L.
Lake Resources N.L. operates in the mining industry, focusing on the exploration and development of lithium projects. The company is engaged in providing lithium products, which are essential for the growing electric vehicle and renewable energy markets.
YTD Price Performance: -28.57%
Average Trading Volume: 267,790
Technical Sentiment Signal: Strong Buy
Current Market Cap: $36.5M
See more insights into LKE stock on TipRanks’ Stock Analysis page.