NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, March 14, 2023 (GLOBE NEWSWIRE) -- United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) ("ULTH" or the "Company") announces that Cathy Fitzgerald has been appointed to the Board and Directors, and Andrew Bowering and Victor Cantore as Strategic Advisors.
Ms. Fitzgerald has joined the board of directors of the Company effective immediately. She is replacing Faizaan Lalani, who has resigned as a director the Company but will continue his executive role as Chief Financial Officer. The board of directors' thanks Mr. Lalani for his service to the Company as a board member.
Mr. Bowering and Mr. Cantore will provide strategic advice to both the management and board of the Company. Mr. Bowering is the founder and Executive Chairman of American Lithium, a Nasdaq listed, multi asset lithium developer. He was also a founder and director of Millennial Lithium which was acquired in 2022 by Lithium Americas Corp. for CDN $491 million. Mr. Cantore was a founder and part of the management team that developed the Whabouchi hard rock lithium project in Quebec.
Scott Eldridge, CEO of the Company stated: "Mr. Bowering, Mr. Cantore and Ms. Fitzgerald bring a wealth of capital markets, corporate finance, technical and M&A experience to our team. We look forward to their contributions as we advance our diverse hard rock lithium portfolio and unlock shareholder value."
Cathy Fitzgerald, Independent Director
Ms. Fitzgerald is a geologist with 20 years of mineral resource industry experience in technical and leadership roles. Ms. Fitzgerald's career has focused on strategic planning and leadership of technical work programs associated with exploration through to resource development across a broad range of commodities and deposit styles. Ms. Fitzgerald recently served as Director, Resource Evaluation for Ivanhoe Electric (formerly High Power Exploration) and currently serves as Vice President Exploration and Resource Development for Apollo Silver Corp. Ms. Fitzgerald earned her B.Sc. at Carleton University and her M.Sc. at the University of Victoria, both with a focus on geochemistry and she is a registered Professional Geoscientist (P.Geo.) in British Columbia.
Andrew Bowering, Strategic Advisor
Mr. Bowering is a venture capitalist with over 30 years of operational experience and leadership in mineral exploration and development worldwide. He is the founder and an Executive Advisor and director of Prime Mining, a high profile gold/silver exploration and development company focused in Western Mexico. In addition to his roles in American Lithium, he was a founder of Millennial Lithium Corp, which was acquired by Lithium Americas Corp. for CDN $491 million. Over the decades, Mr. Bowering has founded, funded, and managed numerous companies that have been active in the exploration and development of precious metals, base metals, and industrial metals, globally. To date, he has raised hundreds of millions of dollars in equity financings. In addition to his roles in Prime Mining and American Lithium, Mr. Bowering is Chairman of Apollo Silver Corp.
Victor Cantore, Strategic Advisor
Mr. Cantore is a seasoned capital markets professional specializing in the resource sector. He has more than 30 years of advisory and leadership experience having begun his career in 1992 as an investment advisor and then moving into management roles at both public and private companies. During his career he has organized and structured numerous equity and debt financings, mergers and acquisitions, joint venture partnerships and strategic alliances. He acquired then vended the Whabouchi lithium project to Nemaska Lithium where the project is slated to be going into production by 2024 as one of the largest lithium mines in Canada. Mr. Cantore is the President and CEO of Amex Exploration which under his leadership has embarked on one of the largest drilling programs in Canada, where over 350,000 metres has been drilled to date. He also serves on the boards of various companies both private and public.
Stock Option Incentive Grant
The Company also announces that it has granted incentive stock options to certain directors, officers, employees and consultants of the Company to acquire an aggregate of 4,000,000 common shares in the capital of the Company at an exercise price of $0.35 (the "Options") in accordance with its 10% rolling Incentive Stock Option Plan. The Options vest immediately upon grant and are exercisable for a period of sixty months.
On Behalf of The Board of Directors
"Scott Eldridge"
Chief Executive Officer and Director
Tel: 604-428-6128 office
Email: scott@unitedlithiumcorp.com
About United Lithium Corp.
United Lithium Corp. (CSE: ULTH) is an exploration & development company energized by the global demand for lithium. The Company is targeting lithium projects in politically safe jurisdictions with advanced infrastructure that allows for rapid and cost-effective exploration, development and production opportunities.
The Company's consolidated financial statements and related management's discussion and analysis are available on the Company's website at or under its profile on SEDAR at .
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things, the Offering and the intended use of proceeds. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. The forward-looking information contained in this release is made as of the date hereof, and the Company not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this release.
不得分发给美国通讯社或在美国境内传播
温哥华,不列颠哥伦比亚省,2023年3月14日(环球网)--联合锂公司(CSE:ULTH;OTC:ULTHF;FWB:0ULA)(“ULTH“或”公司“)宣布凯西·菲茨杰拉德已被任命为董事会成员,安德鲁·鲍林和维克托·坎托雷被任命为战略顾问。
菲茨杰拉德女士已加入本公司董事会,立即生效。她将接替费扎恩·拉拉尼,后者已辞去董事公司首席财务官一职,但将继续担任首席财务官。董事会感谢拉拉尼先生作为董事会成员为公司所做的服务。
鲍林先生和坎托雷先生将向公司管理层和董事会提供战略建议。鲍林是纳斯达克上市的多元资产锂开发商美国锂业的创始人兼执行主席。他也是千禧锂的创始人和董事,该公司于2022年被美国锂公司以4.91亿加元的价格收购。坎托雷是魁北克开发瓦布奇硬岩锂项目的创始人和管理团队的一员。
该公司首席执行官斯科特·埃尔德里奇表示:鲍林先生、坎托雷先生和菲茨杰拉德女士为我们的团队带来了丰富的资本市场、企业融资、技术和并购经验。我们期待着他们在我们推进我们多样化的硬岩锂产品组合并释放股东价值时做出贡献。
凯西·菲茨杰拉德,独立董事
菲茨杰拉德女士是一名地质学家,在技术和领导职位上拥有20年的矿产资源行业经验。Fitzgerald女士的职业生涯侧重于与勘探相关的技术工作项目的战略规划和领导,一直到各种大宗商品和矿藏类型的资源开发。菲茨杰拉德女士最近在艾芬豪电气公司(前身为高功率勘探公司)担任董事资源评估部部长,目前在阿波罗银业公司担任总裁勘探与资源开发部副总裁。在卡尔顿大学和她的理科硕士。在维多利亚大学,专注于地球化学,她是注册的专业地球科学家(P.Geo.)在不列颠哥伦比亚省。
战略顾问安德鲁·鲍林
鲍林先生是一位风险投资家,在全球矿产勘探和开发领域拥有30多年的运营经验和领导能力。他是Prime Mining的创始人、执行顾问和董事,这是一家专注于墨西哥西部的备受瞩目的金银勘探开发公司。除了在美国锂公司担任的职务外,他还是千禧年锂公司的创始人,该公司被美国锂公司以4.91亿加元的价格收购。几十年来,鲍林先生创立、资助和管理了许多公司,这些公司在全球范围内积极从事贵金属、贱金属和工业金属的勘探和开发。到目前为止,他已经通过股权融资筹集了数亿美元。除了在Prime Mining和American Lithium担任职务外,鲍林还是阿波罗银业公司的董事长。
维克托·坎托雷,战略顾问
坎托雷是一位经验丰富的资本市场专业人士,专门从事资源领域的工作。他拥有30多年的咨询和领导经验,1992年作为投资顾问开始他的职业生涯,然后进入上市公司和私人公司的管理职位。在他的职业生涯中,他组织和构建了大量的股权和债务融资、合并和收购、合资伙伴关系和战略联盟。他收购了WhaBouchi锂项目,然后将其出售给Nemaska Lithium,该项目计划于2024年投产,成为加拿大最大的锂矿之一。坎托雷先生是美国运通勘探公司的董事长兼首席执行官,在他的领导下,该公司开展了加拿大最大的钻井项目之一,迄今已在加拿大钻探了超过350,000米。他还在多家私营和上市公司的董事会任职。
股票期权激励授予
本公司亦宣布,已向本公司若干董事、高级管理人员、雇员及顾问授予激励性股票期权,以按行权价0.35美元收购本公司股本中合共4,000,000股普通股(“选项“)根据其10%的滚动激励股票期权计划。期权在授予后立即归属,并可在六十个月内行使。
我谨代表董事会
《斯科特·埃尔德里奇》
董事首席执行官兼首席执行官
电话:604-428-6128办公室
电子邮件:邮箱:scott@unitedlithiumcorp.com
联合锂公司简介
联合锂公司(CSE:ULTH)是一家受全球锂需求推动的勘探开发公司。该公司的目标是在政治上安全的司法管辖区拥有先进基础设施的锂项目,这些基础设施允许快速且具有成本效益的勘探、开发和生产机会。
公司的综合财务报表和相关管理层的讨论和分析可在公司网站上或在SEDAR简介下查阅,网址为。
前瞻性陈述
本新闻稿中包含的某些陈述属于前瞻性信息。这些陈述与未来的事件或未来的表现有关。使用“可能”、“打算”、“预期”、“相信”、“将会”、“预计”、“估计”以及与非历史事实有关的类似表述和陈述,旨在识别前瞻性信息,并基于公司对此类未来事件的结果和时机的当前信念或假设。
特别是,本新闻稿包含与发行和预期收益用途等相关的前瞻性信息。在得出结论或作出前瞻性信息中列出的预测或预测时,通常会应用各种假设或因素。这些假设和因素是基于公司目前掌握的信息。虽然这些陈述是基于对公司管理层的合理假设,但不能保证任何结论或预测将被证明是准确的。
前瞻性信息涉及已知和未知的风险、不确定性和其他因素,这些风险、不确定性和其他因素可能导致实际结果、业绩或成就与前瞻性信息明示或暗示的任何未来结果、业绩或成就大不相同。本新闻稿中包含的前瞻性信息是截至本文发布之日的,除非适用的证券法要求,否则公司没有义务因新信息、未来事件或其他原因而更新或修改任何前瞻性信息。由于本文包含的风险、不确定性和假设,投资者不应过度依赖前瞻性信息。上述陈述明确表示,本文中包含的任何前瞻性信息都是合格的。
加拿大证券交易所没有批准或不批准本新闻稿的内容,也不对本新闻稿的充分性或准确性承担责任。