Lake Resources NL

Needs recharging!

By Elric Langton | 15 July 2022

I have a financial interest in Lake Resources.

Readers may be aware I have been dabbling in Lithium, and electric vehicle-related stocks this year, as can be read here, here, here and here. One of my “scale-in” stocks is Australian Company Lake Resources NL (XASX: LKE; OTC: LLKKF). It was suspended at the Company’s request earlier this week, but trading recommenced on 14 July 2022, which saw the shares continue their decline.

I expect Lake to benefit from transitioning from fossil fuel to electric vehicles. Most countries around the world have set goals in this regard which is seeing a rush to bring Lithium resources onstream to meet growing demand. However, there is a race to get new Lithium, Cobalt and Nickle resources on stream to meet anticipated demand.