United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0UL) (the “Company”), is pleased to announce the appointment of Mark Saxon as the Company’s Qualified Person, and to the Company’s advisory board, effective immediately.
Mr. Saxon brings over 25 years of global experience as a geologist and mining executive with major and junior companies. Mr. Saxon draws upon a long history of exploring in the Nordic region, leading the team that discovered the Norra Kärr rare earth element deposit and the Bergby lithium project while as CEO of Tasman Metals Ltd and Leading Edge Materials Corp. His connections within the Swedish and European mining, battery and research communities provide United Lithium with a unique opportunity for rapid discovery and development at Bergby. Both discoveries have the delivered the opportunity for sustainable local sourcing for the European battery and automotive industries.
Mr. Saxon is an experienced and respected public market executive, with substantial experience in rare earth elements, lithium, graphite and other critical raw materials. He is an Honours BSc graduate in Geology from the University of Melbourne, a Fellow of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists, and acted as Qualified Person for the Bergby project prior to United Lithium’s acquisition.
Michael Dehn, President and CEO of United Lithium states, “having Mark accept the role of QP for the Bergby project is a great opportunity for United Lithium. His exploration experience in Sweden and industry connections, alongside his knowledge of the project match our plans to advance quickly. Bergby was discovered as a grassroots projects and we are keen to repeat and expand on this exploration success.”
In connection with the appointment, the Company has granted Mr. Saxon 150,000 incentive stock options at a price of $1.22 for a period of five years.
On Behalf of The Board of Directors
Chief Executive Officer
Forward-Looking Statements Caution. This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products and future of the Company’s business, its product offerings and plans for marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward- looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.