J Capital Research published an update on Lake Resources (ASX: LKE — AUD$1.56 billion), a large lithium explorer working to produce “cleaner lithium.” J Cap Research published the results from a FOIA request to the UK Government that contradicted the company’s claims of “confirmed” financing from the UK Export Finance (UKEF) agency. The documents published by J Cap show that UKEF was simply in the early stages of reviewing Lake Resource’s filings and UKEF criticized the company’s public statements as misleading and instructed, “Lake should refrain from inferring a statement from UKEF.”

In July, J Capital Research highlighted more problems including high insider selling, a sudden CEO departure, and potential environmental damage from the company’s Lithium mining methods.

Lake Resources is not shortable!