Lake Resources NL announced the appointment of Mr. David Dickson to the role of Managing Director. Mr. Dickson is an industry leader with over 30 years' experience in process technology, engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects.

Mr. Dickson's expertise will support Lake's rapid growth and its mission to become a leader in the supply of responsibly sourced, environmentally friendly, and cost competitive high-purity lithium. It ensures North and South American operations will be fast tracked to advance key project and marketing milestones. Mr. Dickson was a senior and experienced negotiator on major EPCM contracts and brought a senior commercial presence to the negotiating table.

Mr. Dickson's desire to join Lake demonstrates his confidence in the cutting-edge Lilac technology and strong ESG focus which will see Lake set a new standard for the lithium extraction and production industry. Mr. Dickson is currently a Senior Advisor to Private Equity firm, Quantum Energy Partners, the leading global provider of private capital to the responsibly sourced energy and energy transition & decarbonization sectors and an Executive Strategic Advisor to strategic investment firm, The Chatterjee Group. He spent over seven years as CEO of global engineering and construction firm McDermott International, leaving in 2021.

At the outset of his tenure, McDermott employed approximately 14,000 people and operated in 20 countries. Mr. Dickson built a strong leadership team, steered the company into profitable new markets and struck deals with key customers, such as Saudi Aramco. He oversaw McDermott's merger with CB&I and ultimately grew the business to over 30,000 employees across 54 international markets.

Prior to McDermott he was previously President of Technip USA, overseeing marketing and operations in North, Central, and South America. He was also appointed to the board of the US National Safety Council, and a member of the World Hydrogen Council. Mr. Crow said Lake had conducted a global six-month search for the right CEO and Managing Director.