Lake Resources NL (ASX: LKE) announced that it had signed a Conditional Framework Contract with WMC Energy B.V. for supplying up to 25k mtpa of battery-grade Li from the Kachi Project and a 10% investment by WMC Energy in Lake Resources.
Under the contract, WMC will invest in Lake resources at AU$1.20 per share to Aid the realization of the Kachi Project & supply 50% of lithium product up to 25k mtpa of LCE from the Kachi project for an early 10 years with a chance to increase this period with an extra 5 years.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
