Strategic Investment and Offtake Agreement with WMC Energy

Lake Resources and WMC Energy execute Conditional Framework Agreement involving a 10 percent strategic investment in Lake Resources and offtake for up to 25,000 metric tons per annum (mtpa) battery grade lithium (LCE) from Kachi Project • Offtake of up to 25,000 tonnes per annum of battery grade lithium from the Kachi Project. • WMC Energy to acquire 10 percent of Lake underpinning the development