PROJECT FINANCE

Sprott-backed trader eyes Lake stake

LITHIUM market darling Lake Resources has just struck a conditional deal that could see the Sprott Asset Management-affiliated trader WMC Energy take a big slice of the developer at a premium, and half of the planned output from the Kachi brine project in Argentina.

 The Lilac demonstration plant is finally being commissioned

The Lilac demonstration plant is finally being commissioned

While the framework is conditional, and Lake hasn't put forward a hard total on how much WMC could inject in fresh equity, the battery market dealer is positioned to take a strategic 10% interest in Lake...

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