Entering text into the input field will update the search result below

Lake Resources' lithium process slammed by short seller report

Jul. 11, 2022 4:56 PM ETLake Resources NL (LLKKF)By: Carl Surran, SA News Editor10 Comments

Salinas Grandes, Andes, Argentina

xeni4ka/iStock via Getty Images

Lake Resources (OTCQB:LLKKF) closed -14.1% in Monday's trading after a report from J Capital Research said the company's plan to produce lithium in Argentina is based on a process that likely does not work.

Lake's (

Recommended For You

Comments (10)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

Sli v2.0 imho

Article I read years ago before lithium was even invented said chemistry was "settled" to use modern parlance.

One piece of evidence was Nobel prizes went to bio chemists. No new major advances likely.

Unlikely to work imho. Better off genetically modifying bacteria to eat it
Austin Craig profile picture
@Torrid tungsten Lithium is an element.

2nd, SLI was awarded DLE patents recently via Craig Browns work.
@Austin Craig I know. It was a joke.

But if you look at the Saudi attempt to get lithium from seawater, the clever stuff wasn't really chemistry. The lanthanum filter is the tricky bit iirc.

If that does scale, I suspect land based brines will be wiped out.

Fwiw I made good money on both sli and lake. But I'm out now, and won't get back in.
Obviously I'm glad people believe more than me, I needed someone to sell to.
Austin Craig profile picture
@Torrid tungsten You can get lithium from seawater but whats the cost per ton? High I suspect.
so this was just released by Lake
"Lake Resources and WMC Energy execute Conditional Framework Agreement involving a 10 percent strategic investment in Lake Resources and offtake for up to 25,000 metric tons per annum (mtpa) battery grade lithium (LCE) from Kachi Project"
according to a zoominfo WMC's revenues are less than $5 million
this is a joke
Austin Craig profile picture
I hope the FBI investigation concludes and justice is served upon short seller firm liars. Thinking of how much they harm good companies - SLI / Vulcan.
Juan Carlos Zuleta profile picture
Following a response from Lilac's CEO to a report from J Capital Research (www.reuters.com/...), LLKKF is more than 17% up post-market right now. I hope Lilac will also react soon to the accusation that it will generate toxic waste. Other than that, I personally found the report weak. On page 6, for example, it refers to EnergyX as a lithium explorer when everybody knows that it is a DLE supplier.
@Juan Carlos Zuleta Not worried at all about the short report. Long term holder from below 20 cents USD.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.