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Lake Resources N.L. ( (AU:LKE) ) has issued an update.
Lake Resources N.L. has issued a replacement prospectus for a pro-rata, non-renounceable bonus loyalty options offer to eligible shareholders. This offer, which replaces the original prospectus, allows eligible shareholders to receive one loyalty option for every ten fully paid ordinary shares held. The options are exercisable at A$0.05 and expire in October 2028. This strategic move aims to strengthen shareholder engagement and potentially enhance the company’s capital structure.
The most recent analyst rating on (AU:LKE) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Lake Resources N.L. stock, see the AU:LKE Stock Forecast page.
More about Lake Resources N.L.
Lake Resources N.L. is a responsible lithium developer that employs advanced ion exchange extraction technology to produce sustainable, high-purity lithium. The company focuses on its flagship Kachi Project located in the Lithium Triangle of Argentina, aiming to meet the increasing demand for high-purity battery materials and sustainably sourced products with a low carbon footprint and significant ESG benefits.
Average Trading Volume: 11,501,603
Technical Sentiment Signal: Sell
Current Market Cap: A$86.89M
See more data about LKE stock on TipRanks’ Stock Analysis page.