New Risk • Jun 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €83.3m (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.3m). Market cap is less than US$100m (€83.3m market cap, or US$96.1m). Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Robert Trzebski was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Robert Trzebski was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Oct 07
Lake Resources NL, Annual General Meeting, Nov 20, 2025 Lake Resources NL, Annual General Meeting, Nov 20, 2025. Annuncio • Jul 24
Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2.0995 million. Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2.0995 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,000,000
Price\Range: AUD 0.0323
Transaction Features: Subsequent Direct Listing Annuncio • Jul 23
Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.0995 million. Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.0995 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,000,000
Price\Range: AUD 0.0323
Transaction Features: Subsequent Direct Listing Annuncio • Nov 27
Austroid Corporation completed the acquisition of Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE). Austroid Corporation entered into an asset sale agreement to acquire Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE) for $9 million on November 12, 2024. The non-core assets included in the Transaction are lithium brine tenements and related assets located in Jujuy Province, Argentina; namely Paso de Jama, Olaroz, and Cauchari. The Transaction will provide Lake with additional, non-dilutive liquidity and the funds will be used to support the Company’s financial runway to continue its focus on progressing its flagship asset, the Kachi Project. The Transaction also further positions Lake to advance Kachi and benefit from an evolving lithium market landscape – especially in light of recent industry developments. Approval by the shareholders of the additional placement capacity requested by the Company at the upcoming Annual General Meeting would also further enhance the Company’s liquidity position. Closing of the Transaction and receipt of proceeds are subject to customary closing conditions and are expected to occur by the end of 2024.
Austroid Corporation completed the acquisition of Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE) on November 27, 2024. Annuncio • Sep 26
Lake Resources NL Announces Executive Changes Lake Resources N.L. announced the appointment of Nkechi Ezimah as Senior Finance Manager and Company Secretary. The appointment of Nkechi Ezimah as Senior Finance Manager and Company Secretary will be effective 26 September 2024, following the resignation of Mark Anning, Head of Legal, Australia and Company Secretary. Ms. Ezimah has been a critical part of Lake's Finance team since November 2022. Prior to joining Lake, she held manager and senior level positions at BDO, Findex, PricewaterhouseCoopers LLP, and Deloitte, where she primarily serviced clients in the mining industry. Ms. Ezimah is a senior finance professional with 18 years of finance and accounting experience in both public accounting and in-house corporate practice. She has extensive experience with ASX listed companies. Ms. Ezimah is a Chartered Accountant and holds qualifications of M.Sc. Corporate Finance from the University of Liverpool. Ms. Ezimah is a Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of Certified Public Accountants of Australia. Reported Earnings • Sep 26
Full year 2024 earnings released: AU$0.035 loss per share (vs AU$0.033 loss in FY 2023) Full year 2024 results: AU$0.035 loss per share (further deteriorated from AU$0.033 loss in FY 2023). Revenue: AU$23.3m (down 47% from FY 2023). Net loss: AU$52.5m (loss widened 15% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€42.7m market cap, or US$47.7m). New Risk • Aug 02
New major risk - Revenue and earnings growth Earnings have declined by 67% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€37.2m market cap, or US$40.2m). Board Change • Aug 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Robert Trzebski was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 26
Lake Resources NL Announces Board Resignations Lake Resources N.L. announced additional measures to right-size the Company and reduce ongoing expenditure level. To address the Company's need to adjust to current market conditions, Mr. Howard Ian Atkins, Dr. Cheemin Bo-Linn, and Ms. Ana Gomez Chapman have voluntarily resigned as directors of the Company with effect from 25 July 2024. Mr. Atkins, Dr. Bo-Linn, and Ms. Chapman have been non-executive directors of the Company since early December 2022 and January 2023. Chairman, Stuart Crow, non-executive director Robert Trzebski and Managing Director and CEO of Lake, David Dickson, will remain as directors of Lake. New Risk • Mar 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.0m net loss in 3 years). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€67.1m market cap, or US$73.3m). New Risk • Mar 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$99m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$99m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.0m net loss in 3 years). New Risk • Jan 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.0m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$95m). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (€90.0m market cap, or US$97.9m). Annuncio • Dec 08
Lake Resources NL Announces CFO Transition Lake Resources NL announced that it has appointed Don Miller as Chief Financial Officer (‘CFO’), effective immediately. Mr. Miller is a highly accomplished energy financial executive bringing over 35 years of experience. He joins Lake after serving as the President and CEO of Bristow Group Inc. (‘Bristow’), a leading global provider of helicopter services to the offshore energy industry. Importantly, he also served as Bristow's Chief Financial Officer, leading the development of the company's financial strategy, overseeing all corporate finance functions, and leading international corporate M&A efforts, including strategy, structuring, and negotiations. Earlier in his career, Mr. Miller served in financial roles of increasing responsibility at large, international public companies. Mr. Miller holds a Bachelor of Science degree from the University of Memphis, and a Master in Business Administration from The University of Texas at Austin. He also holds the Chartered Financial Analyst designation. Mr. Miller is currently a Board member of Hornbeck Offshore Services. Mr. Miller is replacing Peter Neilsen, who will be moving on from the Company. Annuncio • Oct 05
Lake Resources NL, Annual General Meeting, Nov 30, 2023 Lake Resources NL, Annual General Meeting, Nov 30, 2023. New Risk • Oct 01
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$95m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$95m). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Annuncio • Jul 04
Lake Resources NL Appoints Lindsay Bourg as Chief Accounting Officer Lake Resources NL announced the appointment of Lindsay Bourg as Chief Accounting Officer, effective immediately. Lindsay will be based in the company's Houston office. Lindsay joins Lake from Solaris Oilfield Infrastructure Inc., where she served as Chief Accounting Officer beginning prior to the company's IPO in 2017. She managed capital expenditures of over $400 million related to the manufacture of specialized oilfield equipment and revenues of over $1 billion for equipment and logistics services. Prior to joining Solaris, Lindsay served in various roles of responsibility for Sabine Oil & Gas Corporation, including, Vice President, Chief Accounting Officer, and Controller from July 2009 to April 2017. During this tenure, Lindsay also served as Controller for Sabine Oil & Gas LLC. Prior to Sabine, Lindsay held management and senior level positions at Davis Petroleum Corporation, Burlington Resources and PricewaterhouseCoopers LLP. Lindsay obtained her Bachelor of Business Administration degree in Accounting from Texas State University, where she graduated magna cum laude and is a Certified Public Accountant. New Risk • Jul 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$86m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$86m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 59% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$26m net loss in 2 years). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Breakeven Date Change • Apr 27
No longer forecast to breakeven The 3 analysts covering Lake Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$34.0m in 2025. New consensus forecast suggests the company will make a loss of AU$4.95m in 2025. Breakeven Date Change • Apr 19
No longer forecast to breakeven The 4 analysts covering Lake Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$34.0m in 2025. New consensus forecast suggests the company will make a loss of AU$4.95m in 2025. Recent Insider Transactions • Mar 26
Insider recently sold €2.2m worth of stock On the 23rd of March, Ainsley Williams sold around 7m shares on-market at roughly €0.30 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.4m more than they bought in the last 12 months. Annuncio • Feb 01
Lake Resources NL Appoints Gentry Brann as Its First Chief People and Administration Officer Lake Resources NL announced the appointment of Gentry Brann as its first Chief People and Administration Officer, effective immediately. Ms. Brann will lead the Company's Human Resources functions, as well as advancing diversity and inclusion as the company expands. Ms. Brann has over 25 years of experience leading HR and Communications functions. Ms. Brann joins Lake from McDermott, where she led the company's strategic focus on inclusion and diversity, as well as human resources, communications and marketing, real estate and facilities, and global travel. Ms.Brann joined McDermott from CB&I in 2018, where she served as Senior Vice President of Communications and Brand Management. Prior to CB&I's acquisition of The Shaw Group, she served as Vice President of Investor Relations and Corporate Communications for Shaw. Ms. Brann also held various roles at ICF International, ALSAC/St. Jude Children's Research Hospital and Archer Malmo Advertising and Public Relations Agency. Ms. Brann holds an MBA from Duke University's Fuqua School of Business and a bachelor's degree from Louisiana State University. She is also a graduate of the Advanced Leadership Program at Rice University's Jones School of Business. Ms. Brann's appointment adds to other key appointments, including Howard Atkins, Cheemin Bo-Linn and Ana Gomez Chapman to the board, and, most recently, Amalia Sáenz as Vice President, Argentina Corporate Affairs. Annuncio • Jan 10
Lake Resources NL and Lilac Solutions, Inc. Announce On-Time Achievement of Key Milestones for Project Kachi Lake Resources NL and its direct lithium extraction technology partner, Lilac Solutions announced the on-time achievement of key milestones for Project Kachi. Project Kachi is a world-class lithium development project that is poised to lead the industry in the production of high-quality lithium with a minimal environmental footprint. As outlined in the agreement between Lilac and Lake, Lilac has successfully operated the Demonstration Plant for 1,000 consecutive hours and produced 40,000 litres of lithium chloride eluate before December 31, 2022, and therefore has met all key testing milestones in accordance with the agreed timeline. The lithium chloride eluate produced by Lilac is in the process of being shipped to Saltworks and converted to lithium carbonate, after which it will be independently tested for purity. Lake CEO and Managing Director David Dickson said the achievement of these milestones demonstrated the significant promise of Project Kachi. Annuncio • Jan 05
Lake Resources Announces Executive and Board Changes Lake Resources NL announced the appointment of Mark Anning as Head of Legal, Australia and Company Secretary. Additionally, as previously announced when assuming the role of Executive Chairman in June 2022, Stu Crow has now transitioned to the role of non-executive chairman of the Board of Directors. The appointment of Mark Anning as Head of Legal, Australia and Company Secretary, will be effective January 9, 2023. From that date Mr. Peter Nielsen will step down as Company Secretary and will remain the Chief Financial Officer of Lake Resources. Mr. Anning has practiced at Partner level in private practice, and in-house at CEO and Chair direct report level for several ASX and NASDAQ listed companies. Mr. Anning's 30 years in legal and corporate practice has seen him specialise in corporate and commercial law, dispute resolution, risk management, and corporate governance. Mr. Anning is a Chartered Secretary and holds the qualifications of Bachelor of Commerce and LLB (Hons) from the University of Queensland and a Graduate Diploma in Applied Corporate Governance. Mr. Anning is a Fellow of the Governance Institute of Australia and is admitted to practice in all Commonwealth Courts and the Supreme Courts of Queensland and Victoria. Stu Crow's transition from his role of Executive Chairman is occurring in accordance with the timetable laid out at the time of his appointment in June 2022. Mr. Crow was appointed Executive Chairman to oversee the designation of a new CEO, recruit additional board members, and establish US offices. He will remain non-executive chairman of the Board of Directors. Annuncio • Jan 03
Lake Resources NL Appoints Ana Gomez Chapman as Director Lake Resources NL announced the appointment of Ana Gomez Chapman as Director of the company. Date of appointment is 1 January 2023. Board Change • Dec 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amalia Saenz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amalia Saenz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Sep 13
Forecast breakeven date pushed back to 2025 The analyst covering Lake Resources previously expected the company to break even in 2024. New forecast suggests the company will make a profit of AU$34.0m in 2025. Average annual earnings growth of 97% is required to achieve expected profit on schedule. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Amalia Saenz was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 15
Technical Director & Executive Director recently sold €454k worth of stock On the 13th of April, Nicholas Lindsay sold around 350k shares on-market at roughly €1.30 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Breakeven Date Change • Feb 18
Forecast to breakeven in 2024 The 4 analysts covering Lake Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$9.60m in 2024. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Recent Insider Transactions • Dec 31
Non-Executive Chairman recently sold €1.9m worth of stock On the 24th of December, Geoffrey Crow sold around 3m shares on-market at roughly €0.58 per share. This was the largest sale by an insider in the last 3 months. This was Geoffrey's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 14
Technical Director & Executive Director recently sold €405k worth of stock On the 9th of November, Nicholas Lindsay sold around 600k shares on-market at roughly €0.68 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €448k more than they bought in the last 12 months. Is New 90 Day High Low • Jan 26
New 90-day high: €0.35 The company is up 1,173% from its price of €0.028 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 58% over the same period. 
