Lake Resources NL (OTCMKTS:LLKKF) Stock Pulls Back After The Monster Rally

Lake Resources NL (OTCMKTS:LLKKF) fell 15%. Recently the company made a significant addition to its board with the appointment of Sra Amelia Saenz as a non-executive director. Amalia is an experienced Argentinian natural resource and energy lawyer who will help the company’s local team in engaging stakeholders in Argentina.

She will also prepare the team for clean lithium production development in the country.The appointment comes as the company continues to expand its team progressively to support the Kachi Lithium Project development into production as the market for battery-quality lithium grows.

The company’s chairman Stu Crow stated that Amalia would offer vital in-country experience in resources and added governance level and diversity to the Lake resources board.Crow added that she is a critical addition to the board as they expand across Argentina. She will offer invaluable commercial and legal experience in the operations and development of resources and energy companies. As Lake pursues its lithium project, it is worth watching in the coming weeks.

Market Reaction:

On Thursday, LLKKF stock slumped 15% at $0.4225 with more than 6.61 million shares, compared to its average volume of 1.47 million shares. The stock has moved within a range of $0.3901 – 0.4799 after opening the trade at $0.48.