Lake makes waves with billionaire backing

LILAC Solutions, the US-based start-up that is commercialising an apparently rapid, small and scalable ion exchange technology for lithium brine resources, has just gained big backing from US$1 billion fund Breakthrough Energy Ventures, and Australia’s Lake Resources couldn’t be happier.

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Drilling at Kachi.

Lake shares shot up 44% on the news of Breakthrough's involvement in the emerging technology that will be trialled at Lake's leases in Argentina's Lithium Triangle.