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.
不得分發給美國通訊社或在美國境內傳播
溫哥華,不列顛哥倫比亞省,2023年3月14日(環球網)--聯合鋰公司(CSE:ULTH;OTC:ULTHF;FWB:0ULA)(“ULTH“或”公司“)宣佈凱西·菲茨傑拉德已被任命為董事會成員,安德魯·鮑林和維克託·坎託雷被任命為戰略顧問。
菲茨傑拉德女士已加入本公司董事會,立即生效。她將接替費扎恩·拉拉尼,後者已辭去董事公司首席財務官一職,但將繼續擔任首席財務官。董事會感謝拉拉尼先生作為董事會成員為公司所做的服務。
鮑林先生和坎託雷先生將向公司管理層和董事會提供戰略建議。鮑林是納斯達克上市的多元資產鋰開發商美國鋰業的創始人兼執行主席。他也是千禧鋰的創始人和董事,該公司於2022年被美國鋰公司以4.91億加元的價格收購。坎託雷是魁北克開發瓦布奇硬巖鋰專案的創始人和管理團隊的一員。
該公司首席執行官斯科特·埃爾德里奇表示:鮑林先生、坎託雷先生和菲茨傑拉德女士為我們的團隊帶來了豐富的資本市場、企業融資、技術和並購經驗。我們期待著他們在我們推進我們多樣化的硬巖鋰產品組合並釋放股東價值時做出貢獻。
凱西·菲茨傑拉德,獨立董事
菲茨傑拉德女士是一名地質學家,在技術和領導職位上擁有20年的礦產資源行業經驗。Fitzgerald女士的職業生涯側重於與勘探相關的技術工作專案的戰略規劃和領導,一直到各種大宗商品和礦藏類型的資源開發。菲茨傑拉德女士最近在艾芬豪電氣公司(前身為高功率勘探公司)擔任董事資源評估部部長,目前在阿波羅銀業公司擔任總裁勘探與資源開發部副總裁。在卡爾頓大學和她的理科碩士。在維多利亞大學,專注於地球化學,她是註冊的專業地球科學家(P.Geo.)在不列顛哥倫比亞省。
戰略顧問安德魯·鮑林
鮑林先生是一位風險投資家,在全球礦產勘探和開發領域擁有30多年的運營經驗和領導能力。他是Prime Mining的創始人、執行顧問和董事,這是一家專注於墨西哥西部的備受矚目的金銀勘探開發公司。除了在美國鋰公司擔任的職務外,他還是千禧年鋰公司的創始人,該公司被美國鋰公司以4.91億加元的價格收購。幾十年來,鮑林先生創立、資助和管理了許多公司,這些公司在全球範圍內積極從事貴金屬、賤金屬和工業金屬的勘探和開發。到目前為止,他已經通過股權融資籌集了數億美元。除了在Prime Mining和American Lithium擔任職務外,鮑林還是阿波羅銀業公司的董事長。
維克託·坎託雷,戰略顧問
坎託雷是一位經驗豐富的資本市場專業人士,專門從事資源領域的工作。他擁有30多年的諮詢和領導經驗,1992年作為投資顧問開始他的職業生涯,然後進入上市公司和私人公司的管理職位。在他的職業生涯中,他組織和構建了大量的股權和債務融資、合併和收購、合資夥伴關係和戰略聯盟。他收購了WhaBouchi鋰專案,然後將其出售給Nemaska Lithium,該專案計劃於2024年投產,成為加拿大最大的鋰礦之一。坎託雷先生是美國運通勘探公司的董事長兼首席執行官,在他的領導下,該公司開展了加拿大最大的鑽井專案之一,迄今已在加拿大鑽探了超過350,000米。他還在多傢俬營和上市公司的董事會任職。
股票期權激勵授予
本公司亦宣佈,已向本公司若干董事、高級管理人員、僱員及顧問授予激勵性股票期權,以按行權價0.35美元收購本公司股本中合共4,000,000股普通股(“選項“)根據其10%的滾動激勵股票期權計劃。期權在授予後立即歸屬,並可在六十個月內行使。
我謹代表董事會
《斯科特·埃爾德里奇》
董事首席執行官兼首席執行官
電話:604-428-6128辦公室
電子郵件:郵箱:scott@unitedlithiumcorp.com
聯合鋰公司簡介
聯合鋰公司(CSE:ULTH)是一家受全球鋰需求推動的勘探開發公司。該公司的目標是在政治上安全的司法管轄區擁有先進基礎設施的鋰專案,這些基礎設施允許快速且具有成本效益的勘探、開發和生產機會。
公司的綜合財務報表和相關管理層的討論和分析可在公司網站上或在SEDAR簡介下查閱,網址為。
前瞻性陳述
本新聞稿中包含的某些陳述屬於前瞻性資訊。這些陳述與未來的事件或未來的表現有關。使用“可能”、“打算”、“預期”、“相信”、“將會”、“預計”、“估計”以及與非歷史事實有關的類似表述和陳述,旨在識別前瞻性資訊,並基於公司對此類未來事件的結果和時機的當前信念或假設。
特別是,本新聞稿包含與發行和預期收益用途等相關的前瞻性資訊。在得出結論或作出前瞻性資訊中列出的預測或預測時,通常會應用各種假設或因素。這些假設和因素是基於公司目前掌握的資訊。雖然這些陳述是基於對公司管理層的合理假設,但不能保證任何結論或預測將被證明是準確的。
前瞻性資訊涉及已知和未知的風險、不確定性和其他因素,這些風險、不確定性和其他因素可能導致實際結果、業績或成就與前瞻性資訊明示或暗示的任何未來結果、業績或成就大不相同。本新聞稿中包含的前瞻性資訊是截至本文發佈之日的,除非適用的證券法要求,否則公司沒有義務因新資訊、未來事件或其他原因而更新或修改任何前瞻性資訊。由於本文包含的風險、不確定性和假設,投資者不應過度依賴前瞻性資訊。上述陳述明確表示,本文中包含的任何前瞻性資訊都是合格的。
加拿大證券交易所沒有批准或不批准本新聞稿的內容,也不對本新聞稿的充分性或準確性承擔責任。