Key Points in this Release:
New CFO Appointment: LEXI welcomes Mr. Jason Nalewanyj as
its new Chief Financial Officer, bringing over 18 years of
financial leadership.
Antofalla South Geophysics: LEXI initiates a
comprehensive geophysical exploration in its Antofalla South
Project, marking a pivotal step towards lithium exploration.
Antofalla North Project Advancements: LEXI successfully
completed drilling its first two wells and is now mobilizing to
commence the third, showcasing rapid progress.
Lithium Energi Exploration, Inc. (TSXV: LEXI), a leading
exploration company focused on the acquisition, exploration, and
development of lithium brine assets in Argentina, is thrilled to
announce the appointment of Mr. Jason Nalewanyj as its new Chief
Financial Officer.
Mr. Nalewanyj brings over 18 years of financial expertise,
having held pivotal roles in capital market strategies,
fundraising, M&A advisory, and go-public mandates. He has
previously held senior finance positions at Aurora Cannabis Inc.,
where he played a significant role in Aurora’s $3.2 billion merger
with MedReleaf Corp. His extensive experience also includes
strategic roles at Methanex Corporation, FTI Consulting Inc., and
MNP LLP. Mr. Nalewanyj began his career in the audit and assurance
practice at PricewaterhouseCoopers LLP, Canada. He is a Canadian
Chartered Professional Accountant (CPA, CA) and holds a Bachelor of
Commerce degree from the University of Victoria.
"We are excited to welcome Jason to the LEXI family. His energy
and proven track record in financial leadership will be
instrumental as we continue our journey towards becoming a global
leader in lithium production," said Ali Rahman, CEO of LEXI.
LEXI would like to extend its deepest gratitude to Mr. Chris
Hobbs, our current CFO, for his unwavering dedication, hard work,
and commitment to the company. His leadership and financial acumen
have been instrumental in guiding LEXI through its formative years
and setting it on a path of growth and success. We wish him all the
best in his future endeavors and are confident that he will
continue to make a significant impact wherever he goes.
“It has been an honor to serve as the CFO of LEXI and to be a
part of its remarkable journey. I fully support the appointment of
Jason Nalewanyj as the new CFO. His expertise and vision align
perfectly with LEXI's growth trajectory. I am committed to ensuring
a seamless transition and am confident that under Jason's financial
leadership, LEXI will achieve new heights and continue its rapid
growth in the lithium industry," said Mr. Chris Hobbs.
Having successfully drilled and completed the first two wells,
the company is now gearing up to commence drilling on the third
well within the Antofalla North project. LEXI’s drilling will begin
mobilizing towards the new site in LEA 5 this weekend and begin
work on the drilling platform.
In addition to the appointment of Mr. Nalewanyj and completion
of its second well in Antofalla North, LEXI is proud to highlight
the completion of the initial profiles in its geophysical
exploration campaign in its Antofalla South Project.
Under the auspices of Qualified Person, Murray Brooker, Geo
Resource Ltda. (“GR”) with a team of 8 professionals, including
geologists and geophysicists, is conducting the Phase 1 campaign
utilizing Magnetotelluric (MT) and Transient Electromagnetic (TEM)
geophysical measurements in LEXI’s nearly 4,000 hectare LEA 26
property.
Nine separate profiles, totaling over 7.5 kilometers, were
surveyed during the initial ten days of fieldwork. Preliminary
results show important and significant conductive anomalies within
the explored areas of LEA 26. Now, the Company and GR will spend
several weeks compiling and analyzing the data into geological and
hydrogeological representations.
Phase 2 of the geophysics is scheduled to kick off at the end of
September and will consist of additional MT and TEM surveys in over
20 separate profiles, totaling over 16 kilometers of the southern
section of LEA 26. The objective will be to identify and
characterize the best sectors for a drilling campaign to understand
the hydrogeological dynamics of the LEA 26 property.
"LEXI's momentum is palpable. With the successful drilling and
completion of our first two wells in Antofalla North and the
samples currently under analysis, we are on the cusp of a new era
for our company," added Rahman. "Our team, strengthened by the
addition of Jason, is more equipped than ever to lead the charge in
responsible lithium extraction, ensuring a brighter, more
sustainable future for all and creating significant value for our
shareholders."
Option Grant
LEXI’s board of directors has granted certain directors and
officers of the Company options to purchase up to 400,000 common
shares with a term of three years and an exercise price equal to
$0.14 per share.
About Lithium Energi Exploration, Inc.
Lithium Energi Exploration, Inc. is an exploration company
focused on the acquisition, exploration, and development of lithium
brine assets in Argentina. Headquartered in Toronto, Ontario, with
offices in Catamarca, Argentina, the Company’s shares are listed on
the TSX Venture Exchange (TSXV: LEXI), the Frankfurt Exchange (FSE:
L09), and the U.S. over-the-counter market (OTC Pink: LXENF).
LEXI’s portfolio of prospective lithium brine concessions in the
Argentina Province of Catamarca (heart of the lithium triangle)
includes approximately 57,000 hectares and a 20% interest in
Triangle Lithium Argentina, S.A., which owns an additional 15,000
hectares – all located in and around the Antofalla Salar, one of
the largest basins in the region, which is over 130 km long and up
to 20 km across. LEXI is committed to innovation, sustainability,
and quality, striving to differentiate itself from other players in
the industry to maximize its potential for success. For more
information, please visit our website at lithiumenergi.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Ali Rahman”
________________________
Ali Rahman, Chief Executive Officer & Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains “forward-looking information” and
“forward-looking statements” (collectively, “forward-looking
statements”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as “expects”, or “does not expect”, “is
expected”, “anticipates” or “does not anticipate”, “plans”,
“budget”, “scheduled”, “forecasts”, “estimates”, “believes” or
“intends” or variations of such words and phrases or stating that
certain actions, events or results “may” or “could”, “would”,
“might” or “will” be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements.
These forward-looking statements are based on reasonable
assumptions and estimates of management of the Company at the time
such statements were made. Actual future results may differ
materially as forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to materially
differ from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors, among other things, include: the results of preliminary
testing proving accurate and repeatable over time and at commercial
scale; the absence of material changes with respect to the Company
and its businesses; possible variations in mineralization, grade or
recovery rates; actual results of exploration activities;
conclusions of future economic evaluations; fluctuations in general
macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of commodities;
fluctuations in currency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local
government, legislation, taxation, controls, regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or
unexpected formations pressures, cave-ins and flooding); the
speculative nature of mineral exploration and development
(including the risks of obtaining necessary licenses, permits and
approvals from government authorities); and title to properties;
failure to of the parties to the Transactions to comply with the
terms and conditions of the definitive agreements relating to the
Transactions; and the use of proceeds. Although the forward-looking
statements contained in this news release are based upon what
management of the Company believes, or believed at the time, to be
reasonable assumptions, the Company cannot assure its shareholders
that actual results will be consistent with such forward-looking
statements, as there may be other factors that cause results not to
be as anticipated, estimated or intended.
Readers should not place undue reliance on the forward-looking
statements and information contained in this news release. Except
as required by law, the Company assumes no obligation to update the
forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230915921726/en/
Contact for media inquiries: Ian Murphy
press@lithiumenergi.com (310) 689-6397
Alexis Practical Tactica... (AMEX:LEXI)
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Alexis Practical Tactica... (AMEX:LEXI)
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부터 11월(11) 2023 으로 11월(11) 2024
