From LKE’s Ann attached…
“The funds will be used to strengthen the Company’s balance sheet as it continues progressing (i) its ongoing strategic priorities for Kachi and (ii) the potential sale of non-core assets and lithium tenements located in Jujuy and Catamarca Provinces as-outlined in the Company’s announcement dated 1 July 2024.”
No mention of the two (2) greatest risks to Lake survival:
1. Bringing Grid Power, 300km to the Kachi site, at a cost of $600 million AU.
2. Weathering the downfall of the price of Li carbonate (sub-$12/kg).
When is it time to throw the towel in ??
IMO DYOR
Ann: $2.5m At-the-Market Facility Raise, page-37
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