Australia's Lake Resources soars on new funds for Argentina lithium project

Lake Resources NL

23/07/2025 04:49

** Lake Resources LKE.AX jumps as much as 18.4% to A$0.045, highest since January 20

** Stocks hits biggest intraday pct gain since July 2

** Lithium developer raises A$2.1 mln ($1.4 mln) to fund strategic alternatives process for Kachi lithium project in Argentina and for working capital

** Funds raised under existing subscription agreement with Acuity Capital

** Around 19.3 mln shares traded, 2.2x the 30-day avg

** YTD, LKE up ~6%

($1 = A$1.5230)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))