A$3.8 Million At-the-Market Facility Raise
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| Stock | Lake Resources N.L. (LKE.ASX) |
|---|---|
| Release Time | 27 Jul 2026, 9:55 a.m. |
| Price Sensitive | Yes |
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Lake Resources N.L. Secures A$3.8M Funding
Key Points
- Lake Resources N.L. raised A$3.8 million through an At-the-Market Facility
- Funds will support Kachi Project activities
- Issue price of A$0.06 per share, a premium to VWAP
- Payment expected on 27 July 2026
Full Summary
Lake Resources N.L. (ASX: LKE; OTC: LLKKF) has successfully raised A$3.8 million through its At-the-Market Subscription Agreement with Acuity Capital. This funding will be used to continue operations and development of the Kachi Project, including environmental assessments and power solutions optimization. The issue price of A$0.06 per share represents a premium to the 15-trading day VWAP of A$0.0428. The funds are expected to be paid on 27 July 2026.
Outlook
Lake Resources N.L. anticipates continued progress in its Kachi Project with the raised funds, aiming to optimize commercial power solutions and enhance environmental impact assessments.
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