Ford signs preliminary clean lithium deal with Lake Resources in Australia

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Ford Motor Company and Australia’s Lake Resources have signed a non-binding memorandum of understanding to negotiate the offtake of lithium from the Kachi project in Argentina. Lake Resources will offer about 25,000 tonnes per annum (tpa) of lithium to Ford.

Lake Resources is a clean lithium developer using direct mining technology for the production of sustainable high purity lithium from its flagship Kachi project in Argentina among three other projects covering 220,000 ha.

The strategic collaboration between Ford and Lake follows the announcement of a collaboration with Japan’s Hanwa to fully develop a clean lithium supply chain to meet global environmental demands for electric vehicles (EVs).

Steve Promnitz, Lake’s Managing Director, said, “Lake and Ford see this as an opportunity for a potential long-term agreement with the possibility of increasing environmentally friendly production and participating in Lake’s other projects to ensure the availability of high quality lithium products. at Ford. This MoU with Ford supports Lake’s strategy to be a key independent supplier in global lithium supply chains and to provide security of supply for customers.

Lake President Stu Crow added, “Client scrutiny from customers and consumers regarding the environmental and ethical credentials of lithium production drives our focus on sustainable extraction. Lake Resources is committed to integrating sustainable development practices into all of its operations, minimizing its environmental footprint and contributing to a clean energy future.

Laketechnology partner of , Lilac Solutions Inchas been backed by world-renowned sustainable investors, including the Bill Gates-led Breakthrough Energy Fund and MIT’s The Engine Fund.