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There have been many questions (and incorrect statements made) about cap raises, finance, timing, etc. recently. Please spend the time to have a look at the video linked below - Steve's presentation at the 121 Mining Investment Conference in London on May 23-24.

(1) Presentation: Lake Resources - 121 Mining Investment London May 2022 - YouTube

Specifically, at the 7:10 mark, Steve states the following:

" Receiving support indicatively from the UK Export Finance right here in London, together with Canada's EDC and they'll work with 2 or 3 Banks to deliver 70% of the financing - there will be a CAPEX number somewhere north of $900M USand then we couple that with most of the equity we have in place plus some of the equity coming from Offtakers to deliver the project.

Next quarter, we'll have the DFS out. We'll have a Demonstration Plant operating on-site quite soon. That will then trigger the Financing, together with the offtakes that we are finalising and we are aiming to start construction at the end of this year or early next year."

So:
- CAPEX number somewhere north of $900M US
- the 30% of funding remaining after the 70% coming from the ECA's will come from current equity plus some of the equity coming from the Offtakers.
- DFS will be out next Quarter.
- Demonstration Plant will be OPERATING on-site quite soon.
- Construction starting end of 2022 or early 2023.

Any doubters can watch it for themselves - straight from the horses mouth! Doesn't come any clearer than that.

No more time wasting questions or incorrect statements from here one would hope!