Australia's Lake Resources slips, set for biggest weekly loss since June-end

Lake Resources NL

16/09/2022 01:48

** Shares of Lake Resources  LKE.AX  fall as much as 5.9% to
A$0.890, on track for their worst week since June 24     
    ** The lithium developer shed previous week's gains after a
dispute arose between the co and Bill Gates-backed Lilac
Solutions over achieving milestones to get 25% stake in Kachi
lithium project in Argentina  urn:newsml:reuters.com:*:nL4N30L084
    ** Co believes it has till Sept 30 to achieve milestones for
stake acquisition while Lilac says it could have time till Nov
30 
    ** Stock has slumped ~30% this week 
    ** Shares hits lowest since Aug 3; loses for the third
consecutive session 
    ** Stock has fallen 8.4% this year as of last close

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))