Kachi Lithium Project; the rise of the NL lake resources (OTCMKTS: LLKKF) (ASX: LKE)

Lake Resources NL (OTCMKTS: LLKKF) (ASX: LKE) has been making a strong boost to the charts in recent days, dropping 10 times from its lows of last summer and emerging as the leader in small cap volume surpassing easily $ 10 million in volume on Monday alone. The Lake Kachi flagship project, located in Argentina’s lithium triangle, the world’s leading location for low-cost lithium production, covers an area of ​​170,000 acres and recently produced high-purity lithium carbonate samples ( 99.9%) with very low impurities. A recent Pre-Feasibility Study (PFS) on Kachi showed the potential for a large, low-cost, long-term operation. The company is well-funded to move forward, having raised nearly $ 10 million from Acuity Capital and most recently raised an additional $ 20.6 million from institutions in Australia, North America and in Europe. Manufacturers of EVs and Tier 1 batteries are looking for more sustainable and responsible materials in their supply chain as reported by VW, Daimler, BMW, Tesla and the European Commission, which is driving demand for the product from Lake. Lake aims to sustainably produce the cleanest quality lithium carbonate on a large scale, with the demand for battery materials increasing rapidly for use in the rapidly growing battery market as the adoption of electric vehicles accelerates at worldwide.

Lake Resources is in the right place at the right time; According to a report from reportlinker.com: In the global lithium-ion battery segment, the United States, Canada, Japan, China and Europe will lead the estimated 16.7% CAGR for this segment. These regional markets representing a combined market size of US $ 10.5 billion in 2020 will reach a projected size of US $ 30.8 billion by the end of the analysis period. This huge demand for lithium-ion batteries is driven by the huge global electric vehicle battery industry valued at $ 35.16 billion in 2019 according to Verified Market Research and is expected to reach USD 133.46 billion by 2027, with a CAGR of 18.05% from 2020 to 2027.

Lake Resources NL (ASX: LKE) (OTCMKTS: LLKKF) is a clean lithium developer using clean direct mining technology for the development of sustainable, high purity lithium from its flagship Kachi project, as well as three other lithium brine projects in Argentina. Lake is rapidly becoming an efficient, responsible, environmentally friendly and competitive supplier of high purity lithium, easily scalable and in demand by EV and Tier 1 battery manufacturers. Lake’s technology partner , California-based Lilac Solutions has developed efficient and disruptive clean technology to produce durable, high-purity lithium that has a small environmental footprint by returning most of the brine to its source. The consistently high quality product, along with its environmental and social benefits, make it a demand for manufacturers of electric vehicles and level one batteries. Lilac’s technology was backed by the Breakthrough Energy Fund led by Bill Gates and the Engine Fund at MIT, among other leading sustainability investors.

High purity (99.9%) lithium carbonate samples with very low impurities were produced from lithium brines from the Lake Kachi flagship project. The growth of higher density batteries for driving the latest electric vehicles has dramatically increased the demand for a consistently high purity (battery grade) product with low impurities, providing a premium price for Lake’s intended product. The Lake projects are located in the Lithium Triangle, the world’s primary location for low-cost lithium production from large projects. The Kachi project covers 70,000 ha (170,000 acres) on a salt lake south of the Livent lithium mine, with a significant indicated and inferred resource of 4.4 Mt LCE (indicated 1.0 Mt, inferred 3, 4 Mt). A Pre-Feasibility Study (PFS) on Kachi by a Tier 1 engineering company showed the potential for a large, low-cost, long-lasting operation, with competitive production costs at the lower end of the cost curve similar to current producers of lithium brine.

By using a benign water treatment process to produce lithium, Lake avoids mining and returns virtually all of the water (brine) to its source without changing its chemistry (with the exception of the removal of lithium) . The environmental footprint is therefore much smaller than that of conventional brine evaporation pond processes or hard rock mining, providing better results for local communities and the environment. Manufacturers of EVs and Tier 1 batteries are looking for more sustainable and responsible materials in their supply chain as reported by VW, Daimler, BMW, Tesla and the European Commission, which is driving demand for the product from Lake. With analysts pointing to a growing supply shortage of battery-grade lithium, the Lake projects are in the right place at the right time and ready for development.

Earlier this month, Lake Resources obtained DTC approval to enable real-time electronic clearing and settlement in the United States for its common shares listed on the OTCQB through the Depository Trust & Clearing Corporation (“DTCC”). The move will simplify trade and improve liquidity for investors in North America and around the world, as the lithium industry continues to recover from the acceleration of the electric vehicle revolution.

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Last week, the company announced that shallow depth drilling tests are underway at the site, as part of the development activities required for the Definitive Feasibility Study (DFS) on the company’s flagship project, Kachi. Lithium Brine, Argentina. Geophysical studies assisted in the planning of shallow wells (up to 60 meters deep). These will be followed by additional geotechnical studies, in addition to recent work carried out on the sites proposed for the Lilac direct lithium extraction demonstration plant and for the future production plant.

An additional 20,000 liters of Kachi brine will be extracted and shipped for further processing in the pilot module at Lilac, California. This data is a key part of DFS, which officially started earlier this month (see the ASX release of January 8, 2021). Lake aims to sustainably produce the cleanest quality lithium carbonate on a large scale, with the demand for battery materials increasing rapidly for use in the rapidly growing battery market as the adoption of electric vehicles accelerates at worldwide.

Lake is well funded to move forward, having raised nearly $ 10 million from Acuity Capital and most recently raised an additional $ 20.6 million from institutions in Australia, North America and Australia. Europe. The company says its Kachi lithium brine project in Argentina’s Catamarca province is now fully funded until the construction phase begins in 2022.

Novonix Progress – leading battery researcher Novonix continues testing work on Lake’s high purity lithium carbonate, which will be used with commercial battery cathode precursor materials, to form an NMC622 cathode which will then be made into batteries lithium-ion NMC622 for testing. This will allow Lake and its potential customers to make direct comparisons of the performance of Lake’s lithium product in familiar battery chemistries. As noted, the first indications are expected to be reported next month.

Lake Managing Director Steve Promnitz commented, “Lake has started 2021 in the limelight by officially launching our Kachi DFS and increasing engagement with investors and potential industry partners. Interest in the sector has never been stronger for environmentally friendly direct lithium extractions.

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Lake Resources NL has a powerful race in the charts in recent days, dropping 10 times off last summer’s lows and emerging as the small-cap volume leader easily exceeding $ 10 million in volume on Monday alone. The flagship Lake Kachi project, located in the Lithium Triangle, the world’s leading location for low-cost lithium production, covers an area of ​​170,000 acres and recently produced samples of high purity lithium carbonate (99, 9%) with very low impurities. A recent Pre-Feasibility Study (PFS) on Kachi showed the potential for a large, low-cost, long-term operation. The company is well-funded to move forward, having raised nearly $ 10 million from Acuity Capital and most recently raised an additional $ 20.6 million from institutions in Australia, North America and in Europe. Manufacturers of EVs and Tier 1 batteries are looking for more sustainable and responsible materials in their supply chain as reported by VW, Daimler, BMW, Tesla and the European Commission, which is driving demand for the product from Lake. Lake aims to sustainably produce the cleanest quality lithium carbonate on a large scale, with the demand for battery materials increasing rapidly for use in the rapidly growing battery market as the adoption of electric vehicles accelerates at worldwide. Lake Resources is in the right place at the right time; According to a report from reportlinker.com: In the global lithium-ion battery segment, the United States, Canada, Japan, China and Europe will lead the estimated 16.7% CAGR for this segment. These regional markets representing a combined market size of US $ 10.5 billion in 2020 will reach a projected size of US $ 30.8 billion by the end of the analysis period. This huge demand for lithium-ion batteries is driven by the huge global electric vehicle battery industry valued at $ 35.16 billion in 2019 according to Verified Market Research and is expected to reach USD 133.46 billion by 2027, with a CAGR of 18.05% from 2020 to 2027. We’ll update on Lake Resources when more details appear, so make sure you’re subscribed to Microcapdaily so you know what’s going on with Lake Resources.

Disclosure: We do not hold any position in Lake resources either long or short and we were not paid for this article