Lake Resources N.L. (ASX:LKE) Closes Non-Core Asset Sale

Completion of Asset Sale

Lake Resources N.L. (ASX:LKE) has successfully concluded a transaction with Austroid Corporation for the sale of three non-core lithium brine assets in Argentina. The company received $9 million USD (approximately $13.6 million AUD) from the sale, providing non-dilutive liquidity essential for its operations.

Strategic Financial Position

CEO David Dickson stated, “With the funds from the Transaction now received, along with additional capital raising capacity available to the Company, Lake is well positioned with strong financial liquidity into 2026.” The proceeds will support Lake’s focus on advancing its flagship Kachi Project, with environmental approvals and engineering studies currently underway.

Details of Non-Core Assets

The non-core assets involved in the transaction include lithium brine tenements located in Jujuy Province, Argentina, specifically the Paso de Jama, Olaroz, and Cauchari brine assets. Lake Resources continues to actively market its Ancasti hard-rock assets in Catamarca to further enhance its portfolio.

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