Lake Resources NL at Red Cloud Securities Pre-PDAC Mining Showcase Transcript
Good morning, ladies and gentlemen. It gives me great pleasure to be here today to present to you on behalf of Lake Resources.
Before we start, a little bit of housekeeping, if you could just at your leisure read the disclaimer as we will be making forward-looking statements in this presentation.
Lake's view on demand for high-purity lithium is that supply and demand will not be in steady state until 2040. At that time, compound annual growth rates will be about 9%. On the growth, the demand for batteries will increase tenfold from 2022 to 2040. On the supply side, DLE and direct lithium products will help the scalability of projects in the future.
Timing of projects at present is becoming quite unpredictable as more and more projects are moving to the right on the timeline. Projects take between five to 10 years to build with frequent delays and a tightening of labor markets at present.
I'll talk a little bit about the Lake story now. Lake is a six-year startup. We have offices in Houston and Buenos Aires in Argentina, and we
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