We advised Lilac Solutions in its incorporation as partner in the Kachi Project

On September 21, Lake Resources NL and Lilac Solutions, Inc. announced their technology and funding partnership to develop Lake’s Kachi Lithium Brine Project in Argentina. Marval O’Farrell Mairal advised Lilac Solutions, through a team consisting of partner Leonardo G. Rodriguez and associates María Mercedes Rudolph, Agustina Dellacasa and Victoria Suárez Pino.

Under the agreement, Lilac Solutions will contribute technology, engineering teams, and an on-site demonstration plant, earning in to a maximum 25 percent stake in Lake’s Kachi project based on performance. In addition, Lilac will be expected to fund its pro rata share of future development costs, currently estimated at approximately US$ 50 million —aligning innovation, funding, development, and production.