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- Lake Resources (LKE) has appointed two joint financial advisors for the construction and development of its Kachi Lithium Brine Project in Argentina
- SD Capital Advisory and GKB Ventures will arrange focus on accessing international debt finance through export credit agencies
- Export credit agencies offer a lower cost and secure way of obtain long-term capital
- Based in London, SD Capital Advisory is a financial boutique that specialises in business advisory, financial modelling and credit analysis
- GKB Ventures is an award-winning independent consultancy who helps clients secure cross-border transactions
- Lake is down 6.17 per cent and shares are trading at 38 cents
Lake Resources (LKE) has appointed two joint financial advisors for the construction and development of its Kachi Lithium Brine Project in Argentina.
Specifically, SD Capital Advisory and GKB Ventures will arrange project finance with a focus on accessing international debt finance through export credit agencies (ECA) which are a secure, lower cost form of obtaining long-term capital.
“Export credit offers a low cost and secure form of debt funding which will maximise value for shareholders and minimise risks to the company. We look forward to engaging further with these parties,” Lake Managing Director Steve Promnitz said.
Based in London, SD Capital Advisory is an independent financial boutique who secures project finance for corporate and mining companies. It specialises in strategic business advisory, financial modelling and credit analysis.
GKB Ventures is an independent consultancy that helps clients secure cross-border transactions and access international finance through export credit agencies.
GKB is currently appointed on over US$4 billion (roughly A$5.1 billion) of structured ECA financings and has even been awarded “GTR Best Deals of the Year” by the Global Trade Review.
In a joint statement, the financial advisory firms said they’re delighted to assist Lake Resources during an integral phase of its lithium brine project.
“We are attracted by the characteristics of the Kachi Project and Lake’s innovative use of disruptive direct extraction technology from California-based Lilac Solutions,” SD Capital Advisory Chairman David Buckle and GKB Managing Director Gabriel Buck said.
“Ultimately, this leads to the production of a high purity lithium carbonate matching the sustainable goals of global auto manufacturers by offering responsibly sourced battery grade supply,” they concluded.
Lake is down 6.17 per cent and shares are trading at 38 cents at 10:54 am AEDT.
