Lake Resources Increases the SPP and Placement After Strong Shareholder Demand

  • Mar 01, 2020 AEDT
  • Team Kalkine

Lithium explorer and developer Lake Resources NL (ASX: LKE) increased the Private Placement by $0.55 million to $3.9 million and Share Purchase Plan (SPP) has been upsized $1.0 million to $2.5 million before costs in response to the strong demand of the investors.

The overwhelmed response is witnessed due to Bill Gates-led fund Breakthrough Energy backed Lake's technology provider Lilac Solutions for its direct extraction ion-exchange process.

The same technology is used by the Lake’s Kachi Lithium Project, making it low cost, less pollutant, high grade and scalable product capable of charging a premium.




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