• Lake Resources N.L. raises $2.1 million through its At-the-Market Subscription Agreement with Acuity Capital
• Funds will be used to strengthen the company's balance sheet and progress the strategic alternatives process for the Kachi Project
• Lake extends the expiry date of its At-the-Market Subscription Agreement by an additional five years to 31 January 2031

Lake Resources N.L. (ASX: LKE; OTC: LLKKF) has announced that it has utilized its At-the-Market Subscription Agreement ('ATM') with Acuity Capital to raise $2,100,000 (inclusive of costs) by agreeing to issue 65,000,000 fully paid ordinary LKE.ASX shares to Acuity Capital at an issue price of 3.23c per share. The funds will be used to strengthen the Company's balance sheet as it continues progressing the strategic alternatives process for the Kachi Project as well as for working capital. In addition, Lake is pleased to announce that it has agreed with Acuity Capital to extend the expiry date of its ATM by an additional five years to 31 January 2031. Lake has previously utilized the ATM to raise a total of $50.625 million, and the remaining standby equity capital available under the ATM is $199.375 million. The Company has also agreed to increase the shares held as security by Acuity Capital under the ATM to a total of 90,000,000 through the issue of an additional 25,000,000 shares. The Company may at any time cancel the ATM, including buying back and cancelling the Collateral Shares for nil cash consideration (subject to shareholder approval).