Short seller J Capital Research on Monday alleged that Lake Resources’ plan to produce lithium in Argentina is based on a process from Lilac Solutions Inc that likely does not work. lithium miningnews
. Lilac said the deal allows the firm to prove its technology will provide a high purity product at scale, potentially allowing it to broaden its customer base.
Its current cost estimate is pegged at about $540 million, with $300 million to be funded by Lilac and Lake Resources through debt. Currently, lithium extraction from salt brine is a time and labour-intensive process that produces large amounts of waste.
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