Lake Resources to support global 'green' push with sustainable lithium strategy as Europe unveils clean energy investments

Lake Resources NL (ASX:LKE) (CMKTS:LLKKF) will support the global push for cleaner energy using its leading sustainable and scalable direct lithium extraction process as more countries, including those in Europe, unveil 'cleaner and greener' strategies incorporating electric vehicles.

In addition to massive incentives being offered to the EV industry, EV battery gigafactories are being rolled out across Europe, China and other countries despite the impact of COVID-19, hiking the demand for battery-grade lithium.

Lake Resources is set to benefit with its Kachi Lithium Brine Project in Argentina for which a recent PFS, along with recently published research, demonstrates the disruptive, cost-competitive, sustainable and scalable nature of the Lilac direct lithium extraction process.

This process has the ability to produce a premium, battery-grade product sought by battery and cathode manufacturers globally.*"Compelling opportunity"*

Lake managing director Steve Promnitz said: "Europe is pushing ahead with EVs and is now challenging China and North America for industry leadership.

"For Argentina, part of the ‘Lithium Triangle' which is home to the world's lowest-cost lithium output, the opportunity is compelling given its established production base.

"Lake looks forward to participating in this international growth, supporting the world's push for a cleaner energy future based on our use of a leading sustainable and scalable direct extraction process."