Lake Resources Signs Letter of Intent with Argentine Energy Infrastructure Company YPF Luz for Kachi Power Supply [Yahoo! Finance]
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Source: Yahoo! Finance
for the Kachi lithium brine project ("Kachi" or the "Project") in Catamarca Province, Argentina , having today signed a Letter of Intent ("LOI") with YPF Luz, a leading Argentine sustainable electric power generation company. Under the LOI, Lake and YPF Luz will engage in exclusive non-binding discussions to evaluate and negotiate agreements relating to: The construction of the high voltage line by YPF Luz for power capacity for Kachi Delivery of the power supply by YPF Luz for Kachi To support the power solution and create a binding commercial agreement, YPF Luz will perform the Front-End Engineering Design ("FEED") work for the proposed power delivery system. The FEED will be progressed through the remainder of 2024. After running a thorough process for the Kachi power solution, we are very pleased to enter into exclusive negotiations with YPF Luz," David Dickson , CEO of Lake, said. "Establishing the delivery of a power solution for Kachi is a critical milestone for the
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