A$1.1 Million At-the-Market Facility Raise
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| Stock | Lake Resources N.L. (LKE.ASX) |
|---|---|
| Release Time | 12 Aug 2026, 8:25 a.m. |
| Price Sensitive | Yes |
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Lake Resources N.L. Raises A$1.1 Million
Key Points
- Lake Resources N.L. raised A$1.1 million through an ATM Facility
- Funds will be used for Kachi Project activities
- Issued 26,500,000 shares at A$0.0415 each
- Payment expected on 12 August 2026
Full Summary
Lake Resources N.L. (ASX: LKE) has successfully raised A$1.1 million through an At-the-Market Subscription Agreement with Acuity Capital. The company issued 26,500,000 fully paid ordinary shares at A$0.0415 each, representing a 7.6% discount to the 15-day VWAP. The funds will be used for operating and general corporate expenditures, focusing on the Kachi Project, including the Exploitation Environmental Impact Assessment and optimizing commercial power solutions. Payment is expected on 12 August 2026.
Outlook
Lake Resources N.L. anticipates continued progress in its Kachi Project with the funds raised, aiming to optimize operations and enhance sustainability.
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