Clayton Utz has acted as Australian legal counsel to US-based lithium extractor Lilac Solutions on its strategic partnership with ASX-listed Lake Resources flagship Kachi Project in Argentina. The transaction was announced to the market this week.
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Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) and Lilac Solutions, Inc. are pleased to announce that after extensive successful test-work, they have entered into a partnership for technology and funding to develop Lake s Kachi Lithium Brine Project.
Sydney, Australia - Lake Resources NL and Lilac Solutions, Inc. are pleased to announce that after extensive successful test-work, they have entered into a partnership for technology and funding to develop Lake's Kachi Lithium Brine Project in Argentina. Under the terms of the partnership earn-in, Lilac is able to achieve an equity stake in the Kachi project with certain corresponding project funding obligations, .