Lake Resources Announces $2 Million Placement Completed

Lake Resources Announces $2 Million Placement Completed

Lithium explorer and developer Lake Resources NL (ASX:LKE) welcomed the support of investors receiving commitments to raise $2 million.

Highlights:

  • Lake has commitments for a private placement of $2 million at $0.04 per share.
  • Lake launches a Share Purchase Plan (SPP) to eligible shareholders to raise up to $1.5 million at $0.04 per share, the same price as the placement.
  • Funds raised will be primarily used to fast track delivery of larger samples from the Kachi project pilot plant to offtakers and to close out the convertible securities facility.
  • Updates will be provided over the coming weeks as the first larger samples are produced, together with advances in the pilot plant.

Placement

Lithium explorer and developer Lake Resources NL (ASX:LKE) welcomed the support of investors receiving commitments to raise $2 million, before costs, through the issue of approximately 50,000,000 shares at an issue price of $0.04, in a private placement to sophisticated and professional investors (Placement) using its existing placement capacity under ASX Listing Rules 7.1 and 7.1A.

Click here to read full ASX Announcement

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcements have been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Appendix 2A
  • Appendix 3G

The announcements can be viewed at:

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Lake Resources NL Quarterly Activities Report

Brisbane, Australia (ABN Newswire) – Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is a lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium products from its flagship Kachi Project (4.4mt LCE resource), as well as three other lithium brine projects in Argentina. No mining is involved in the brine processing.

The projects are in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost. Lake owns over 220,000 hectares (0.5 million acres) of leases, including one hard rock project, alongside all 5 major lithium producers.

This efficient, disruptive direct lithium extraction method (DLE) from our technology partner, Lilac Solutions, will enable Lake Resources to be an efficient, responsiblysourced, environmentally friendly and cost competitive supplier of high-purity lithium carbonate.

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HIGHLIGHTS

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Piedmont Lithium March 2021 Quarterly Report

Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) (“Piedmont” or “Company”) is pleased to present its March 2021 quarterly report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210430005102/en/

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Sayona Mining Ltd Quarterly Activities Report

Brisbane, Australia (ABN Newswire) – Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) released today its activities report for the March quarter 2021, highlighting further advances at its lithium projects in Quebec, Canada together with gold exploration in Western Australia.

Quarter Highlights

– Strategic partnership announced with leading US lithium corporation, Piedmont Lithium Limited, to invest up to US$12 million (AUD$15.5m) in Sayona Mining, together with offtake agreement

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