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VANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) — Normal Lithium Ltd. (“Normal Lithium” or the “Firm”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a number one near-commercial lithium firm, declares that two skilled vitality executives, Claudia D’Orazio and Anca Rusu, have joined its Board as impartial administrators of the Firm, efficient instantly.
“We’re happy to welcome Claudia and Anca to Normal Lithium’s Board of Administrators throughout such an necessary stage of progress for the Firm,” mentioned Robert Cross, Chairman of the Board. “Each are completed senior executives who deliver a long time of expertise within the vitality sector. Claudia’s technical and monetary acumen and human assets experience, coupled with Anca’s expertise in undertaking growth and concentrate on security and environmental excellence, might be of nice worth to Normal Lithium as we proceed to progress in direction of commercialization.”
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Claudia D’Orazio, CPA, is an completed senior government with management expertise throughout a variety of industries, together with oil and gasoline, vitality, mining, public audit, and finance. She is presently the Vice President and Chief Human Assets & Expertise Officer of Centerra Gold Inc., a publicly traded Canadian-based gold mining firm. Previous to becoming a member of Centerra Gold, Ms. D’Orazio held a number of management roles with Pembina Pipeline Company from 2006 to 2020, ending as Vice President, Human Assets. She spent the primary half of her profession in public audit and finance on the Royal Financial institution of Canada, and KPMG LLP.
Ms. D’Orazio is presently a Board member of the Canadian Mineral Business Training Basis. She holds a Chartered Skilled Accountant Designation and Bachelor of Commerce in Accounting and Administration Data Techniques from McGill College.
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Anca Rusu is a strategic chief with over 20 years of expertise directing world capital tasks inside the vitality sector. She most just lately served because the Particular Advisor, Initiatives and Engineering for Royal Dutch Shell, the place she supported the re-positioning of the worldwide Initiatives group to align with the corporate’s concentrate on the vitality transition. Ms. Rusu joined Royal Dutch Shell in 2005 and has held quite a lot of management roles there, together with Vice President, Security and Atmosphere Excellence and Vice President, Initiatives Shell Chemical Appalachia, the place she led the development of Shell’s main petrochemical plant in Pennsylvania. She started her profession as an engineering, procurement, and development contractor in her function as a undertaking engineer.
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Ms. Rusu presently serves on the Nationwide Board of the Venture Administration Affiliation of Canada and as an Advisory Board member for Moss Lake Companions LP, a US-based midstream logistics start-up. She holds a Skilled Engineer Designation in Ontario, Canada, an MBA from York College and a Bachelor of Science in Chemical and Mechanical Engineering from Politechnica College of Bucharest.
Normal Lithium CEO, Robert Mintak acknowledged, “I’m very happy to welcome Anca and Claudia, two distinctive, impartial administrators to our Board. Each deliver a wealth of information and experience throughout the vitality, useful resource and finance sectors that can considerably strengthen and complement the present make-up of our Board.”
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About Normal Lithium Ltd.
Normal Lithium is a number one near-commercial lithium growth firm with a portfolio of tasks in course of. The Firm’s flagship tasks, the LANXESS Property Venture and the South West Arkansas Venture, are positioned in southern Arkansas close to the Louisiana state line. The Firm is targeted on the analysis and testing of business lithium extraction and purification from brine sourced from roughly 180,000 acres of unitized leases throughout these two tasks. The Firm operates a first-of-a-kind industrial-scale Direct Lithium Extraction (DLE) Demonstration Plant on the LANXESS Property Venture. The scalable, environmentally pleasant course of eliminates using evaporation ponds, reduces processing time from months to hours and tremendously will increase the efficient restoration of lithium. A Definitive Feasibility Research (DFS) and Entrance-Finish Engineering Research (FEED) for Part 1A of the LANXESS Property Venture commenced in September 2022. A Preliminary Feasibility Research (PFS) of the South West Arkansas Venture commenced in Might 2022. The Firm can also be pursuing the useful resource growth of roughly 45,000 acres of mineral leases positioned within the Mojave Desert in San Bernardino County, California.
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Normal Lithium is collectively listed on the TSX Enterprise Change and the NYSE American beneath the buying and selling image “SLI”; and on the Frankfurt Inventory Change beneath the image “S5L”. Please go to the Firm’s web site at https://www.standardlithium.com.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
This information launch could include sure “forward-looking statements” inside the that means of the USA Personal Securities Litigation Reform Act of 1995 and relevant Canadian securities legal guidelines. When used on this information launch, the phrases “anticipate”, “imagine”, “estimate”, “count on”, “goal, “plan”, “forecast”, “could”, “schedule” and different comparable phrases or expressions establish forward-looking statements or info. These forward-looking statements or info could relate to plans on the LANXESS Property Venture and the South West Arkansas Venture, future costs of commodities, accuracy of mineral or useful resource exploration exercise, reserves or assets, regulatory or authorities necessities or approvals, the reliability of third celebration info, continued entry to mineral properties or infrastructure, fluctuations out there for lithium and its derivatives, modifications in exploration prices and authorities regulation in Canada and the USA, and different components or info. Such statements characterize the Firm’s present views with respect to future occasions and are essentially based mostly upon various assumptions and estimates that, whereas thought-about affordable by the Firm, are inherently topic to important enterprise, financial, aggressive, political and social dangers, contingencies and uncertainties. Many components, each identified and unknown, may trigger outcomes, efficiency or achievements to be materially totally different from the outcomes, efficiency or achievements which can be or could also be expressed or implied by such forward-looking statements. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements or info to replicate modifications in assumptions or modifications in circumstances or every other occasions affecting such statements and knowledge aside from as required by relevant legal guidelines, guidelines and laws.
