Lake Resources shares hit by short seller's lithium tech allegations

📆 12/7/2022 3:45 PM
📰 Reuters

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Short seller J Capital Research on Monday alleged that Lake Resources NL's plan to produce lithium in Argentina is based on a process from Lilac Solutions Inc that likely does not work, the latest attack against a wave of new technologies aiming to produce the electric vehicle battery metal.

Representatives for Lake could not immediately be reached for comment. J Capital declined to disclose the size of its short position.

J Capital alleges in the report that the beads only work for 150 cycles, making Lake's project uneconomical.

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