Lake Resources NL (ASX:LKE) Additional Bonus Options Conversion

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to advise that approximately 96 percent off the Additional Bonus Options issued in November 2021 have been exercised and converted into new LKE shares. The option conversions have provided approximately A$62 million to the cash position of the Company.

Lake's Chairman Mr Stuart Crow said "I would like to thank shareholders for their continued support for the Company. The completion of the option conversion leaves the Company in its strongest ever financial position with in excess of $150 million cash at bank. Lake is now well financed as it advances the Kachi project toward FID and as exploration activity across all other projects is being aggressively accelerated".

Steve Promnitz
Managing Director 
T: +61-2-9188-7864 
steve@lakeresources.com.au

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