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Lake Resources buoyed by Orocobre and Ganfeng Lithium acquisitions in neighbourhood

The company is focused on proving that a pilot-scale ion-exchange module can consistently process brines from its Kachi project into high-purity, battery-grade lithium carbonate at volume.

Lake Resources NL - Lake Resources watches Orocobre and Ganfeng Lithium acquisitions in neighbourhood
Lake has an opportunity to deliver sustainable products from lithium brine with very low impurities

Lake Resources N.L. (ASX:LKE) is witnessing an increasing interest in lithium players and projects in northern Argentina, where the lithium brine producer's flagship Kachi Lithium Brine Project is located.

Lake’s Kachi and other 100%-owned leases are in a prime location among the lithium sector’s largest players within the Lithium Triangle, where about 40% of the world’s lithium is produced.

The region has seen increased acquisition activity recently with Orocobre Limited (ASX:ORE) (TSE:ORL) entering into an agreement to acquire 100% of Advantage Lithium Corp (CVE:AAL) (OTCQX:AVLIF).

Advantage Lithium’s Cauchari Lithium Project contains 4.8 million tonnes of measured and indicated lithium carbonate resource and lies only 20 kilometres from Orocobre’s producing Olaroz lithium facility.

Ganfeng - Lithium Americas project

Earlier this month, world-leading lithium manufacturer Ganfeng Lithium Co Ltd (SHE:002460) agreed to pay US$16 million to Lithium Americas Corp (TSE:LAC) for an additional 1% stake in the Cauchari-Olaroz project in the Lithium Triangle.

Ganfeng’s interest will increase from 50% to 51% while Lithium Americas will retain a 49% stake and get US$40 million cash in the form of non-interest-bearing loans.

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Lake Resources gets "vote of confidence" as partner secures $20 million from...

Lake Resources Ltd’s (ASX:LKE) is buoyed by the news that its partner and provider of a sustainable direct extraction ion exchange process for lithium brine, Lilac Solutions, has secured US$20 million through Bill Gates-led fund Breakthrough Energy. LKE's managing director Steve Promnitz told...

on 24/2/20

2 min read