Lake Resources NL Appoints Joint Financial Advisors for Kachi Lithium Brine Project

Joint financial advisors have been appointed to structure and secure project financing for the construction and development of Lake’s flagship Kachi Lithium project.

Lake Resources NL (ASX:LKE) (OTCMTS:LLKKF) has appointed SD Capital Advisory Limited and GKB Ventures Limited as joint financial advisers to structure and arrange project finance, with a focus on lending agencies. (ECA) for business development. flagship project of Kachi Lithium Brine in Argentina.

SD Capital Advisory is an independent London-based boutique finance firm focused on securing project finance for corporate and mining/resource companies in developed and frontier markets and GKB Ventures Limited (GKB) is an independent advisory firm that helps its clients secure cross-border transactions and access international financing through ECAs.

The company is convinced that this appointment is an important step in the development of the Kachi project.

“Secure Form of Debt Financing”

The company is focused on providing access to international debt financing through export credit agencies, a secure and lower cost form of long-term capital.

Lake Managing Director Steve Promnitz said, “Export Credit offers a low-cost, secure form of debt financing that will maximize shareholder value and minimize business risk.

“We look forward to further engaging with these parties.”

“ESG at the forefront for financiers”

In a joint statement, Chairman of SD Capital Advisory Ltd, David Buckle, and Managing Director of GKB Ventures Ltd, Gabriel Buck, respectively said: progress in the management of the lake.

“We are attracted to the characteristics of the Kachi project and Lake’s innovative use of California-based Lilac Solutions’ disruptive direct extraction technology, which results in low environmental impact and impressive ESG results.

“Ultimately, this leads to the production of high-purity lithium carbonate that matches the sustainable goals of global automakers by providing a responsibly sourced battery quality supply.

“Impressive ESG characteristics are indeed the focus of financiers today, including export credit agencies.”

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