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Beccar Varela advised Lake Resources on the closing of the transaction for the sale of three lithium brine assets to Austroid Corporation for USD 9 million. The transaction, previously announced, provides Lake Resources with additional liquidity. The funds will be used to support the company’s financial stability, enabling it to maintain its strategic focus and advance its flagship project, the Kachi Project.
“With the transaction funds now received, along with additional capital-raising capacity available to the company, Lake Resources is well-positioned with strong financial liquidity until 2026,” said CEO David Dickson.
“With environmental approvals for the Kachi Project underway and the site engineering study progressing, we remain focused on the strategic partnership process for Kachi.”
The assets included in the transaction were lithium brine concessions and related assets located in Jujuy Province, Argentina: Paso de Jama, Olaroz, and Cauchari.
Lake Resources continues to market its hard rock Ancasti assets in Catamarca Province, Argentina.
The Beccar Varela professionals who advised Lake Resources were Alejandro Poletto, Santiago Montezanti, Enrique Lopez Rivarola, Juan Pablo Perrino, Cruza Uranga, and Trinidad Artagaveytia.
Lake Resources’ in-house counsel is Barbara Cozzi.
The Berreta Godoy professionals who advised Austroid Corporation were Juan Sonada, Mariela Sas, Federico Delhom, and Paula Pittaro.
Founded in 1897, Beccar Varela is a leading Argentine law firm. It advises national and international companies from diverse industries across all areas of corporate law. Its team comprises more than 160 specialized attorneys, many of whom have studied and worked in major cities around the globe. Beccar Varela is Argentina’s go-to firm for clients committed to ESG and corporate sustainability. It was the first full-service firm in the country to join the United Nations Global Compact and to present a Sustainability Report.