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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