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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 achieves key milestone as partner completes commissioning of...

Lake Resources Ltd's (ASX:LKE) (OTC:LLKKF) Steve Promnitz speaks to Proactive's Andrew Scott following the news its technology partner Lilac Solutions has completed commissioning of the direct lithium extraction pilot plant module dedicated to processing of brines from the Kachi project in...

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