JULY 22 2022 Small Caps...........Liontown and Lake commit to...

JULY 22 2022 Small Caps...........Liontown and Lake commit to offtake agreements.............Late last month, Liontown Resources (ASX: LTR) announced an offtake agreement with Ford, which prompted Liontown’s board to approve the development of its Kathleen Valley lithium project in Western Australia. Ford aims to purchase 150,000tpa of spodumene from Kathleen Valley for five years, commencing in 2024. Meanwhile, emerging lithium brine developer Lake Resources (ASX: LKE) reported a non-binding offtake MoU for its Kachi operation with Ford in April. Ford proposes to purchase about 25,000tpa of lithium chemicals from Lake’s Kachi lithium brine project in Argentina. Lake is developing Kachi with a focus on the highest ESG compliance using Lilac Solutions’ disruptive lithium extraction technology, which is based on its proprietary ion-exchange process. Compared to conventional brine processing, the Lilac technology is lower cost, generates higher lithium recoveries and has a much smaller environmental footprint, including returning any unused brine to its source.