• Completed $12 million capital raise to advance Kachi Lithium Brine Project
• Announced improved results of Kachi Definitive Feasibility Study Addendum
• Continued engagement with Argentine authorities on Exploitation EIA approval

Lake Resources N.L. (ASX: LKE; OTC: LLKKF) released its quarterly activities report for the period ended September 30, 2025. Key highlights include the completion of a strongly supported $12 million capital raise, which significantly increased the company's liquidity and financial flexibility to advance the Kachi Lithium Brine Project. The company also announced the improved results of the updated Kachi Definitive Feasibility Study Addendum, which showed a 16% reduction in CAPEX to US$1,157 million and a 3% improvement in OPEX to US$5,895/t LCE, positioning Kachi as one of the lowest-cost lithium projects globally. The company continued to engage with local officials in Argentina to finalize approval of the Exploitation Environmental Impact Assessment for Kachi and completed the YPF Luz Front-End Engineering Design for the proposed power delivery system to the project. Lake also focused on organizational right-sizing and cost reductions, with a target of reducing 2025 cash outgoings by approximately 40% compared to 2024. The company ended the quarter with $18 million in liquidity, including the capital raise proceeds and continued use of the At-the-Market Subscription Agreement.

Lake Resources remains focused on advancing the Kachi Lithium Brine Project in Argentina, including finalizing environmental approvals and power supply planning. The company is also continuing its efforts to optimize operations and reduce costs to ensure a strong financial position as it moves towards project development.