Lake Resources shares hit by short seller's lithium tech allegations

Short seller J Capital Research on Monday alleged that Lake Resources plan to produce lithium in Argentina is based on a process from Lilac Solutions that likely does not work, the latest attack against a wave of new technologies aiming to produce the electric vehicle battery metal.

Shares of Lake, which are traded in Australia, fell 6.3% on Monday after J Capital's report outlined several alleged missteps by Lake's management and claimed that technology developed by Lilac is too costly to run and uses too much freshwater.