WR1 General Discussion, page-26880

https://www.marketindex.com.au/news/why-core-lithium-could-find-itself-in-even-deeper-waters

It's crazy to think that 12-24 months ago, names like Core Lithium (ASX: CXO), Lake Resources (ASX: LKE) and Sayona (ASX: SYA) were viewed as the next generation of lithium producers.

The downturn in lithium prices and operational challenges has placed these companies in a death spiral of capital raisings, forced mine closures and management changes. Shares in Core Lithium, Lake Resources and Sayona are all down more than 70% in the past twelve months.

Core Lithium announced the departure of its Chief Executive Gareth Manderson on Tuesday, which coincided with a disappointing half-year result. The company reported an interim loss of $167.6 million, largely attributed to the 75% fall in lithium prices and $119.6 million of impairments associated with the decision to suspend mining at Grants.