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Lake Resources Aligning Operations to Power North America’s EV Revolution
Lake Resources is advancing clean lithium production as the world’s electrification drive picks up speed. With the United States, Europe and other regions putting increasing focus on supply chain security, the ASX-listed company is realigning its operations to North America to support the accelerating electric vehicle (EV) industry.
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n June 20, Lake stated its ambitions by announcing plans to establish a North American presence, becoming even closer to its key partners and markets.
“Lake’s aspirational target is to reach capacity of 100,000 tpa [tonnes per annum] by 2030, which will underpin Lake’s ambition to become a leading global producer of sustainable high purity lithium,” said Lake’s Executive Chairman, Stu Crow. “We are now establishing a North American presence to serve our offtake customers, continue to work with our US-based technology partner, Lilac Solutions, and engage capital markets. We are aligning project delivery, extraction technology, and operations.” The Australian company has flagged a six-month transition to its new North American headquarters, with Crow taking the reins as executive chairman to oversee the process. Speaking from New York City, Crow said he was excited by the company’s new phase. “We are interviewing candidates with exceptional experience for the CEO and Managing Director role, and also candidates for the board to reflect growth of the company in U.S. markets,” he said.
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“There is enormous interest in Lake and we have been delighted by the depth of talent available to us, as we take the next step in our journey towards becoming a leading global producer of sustainably produced, battery-grade lithium.” Lake is currently developing four lithium projects in Argentina, led by its flagship Kachi project, with more than 150 people working across its portfolio. Significantly, the company has amassed one of the largest lithium lease holdings in the South American nation, amounting to more than 2,200 square kilometers (1,367 miles), with the majority owned 100 percent. “Argentina is part of the ‘Lithium Triangle,’ home to the world’s lowest cost lithium production, and aims to become the region’s leading lithium producer. We
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