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International Battery Metals Ltd Licensee Sorcia Minerals LLC Announces Salar de Maricunga Chile Acquisition
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MINING PEOPLE: Arcland, Ethos Gold, Galantas, Gold Resource, Liberty Gold, Sherritt
Management appointments announced this week include:
As part of its strategic review,
Angkor Resources has made the following management changes:
Delayne Weeks as CEO, replacing
Stephen Burega who is leaving the company; and
Mike Weeks as executive VP operations.
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Arcland Resources.
Ethos Gold Corp.
Roland Phelps has retired as the president and CEO of
Galantas Gold. His role as CEO has been assumed by
Mario Stifano, who will also take Phelps’ seat on the board.
Brendan Morris has been named COO, and
International Battery Metals Ltd.: International Battery Metals Provides Supplement Information to Management Information Circular
International Battery Metals Ltd. (CSE: IBAT)
(the Company ) provides this news release to supplement information for the Special Meeting to be held April 19, 2021 whereby the Company is seeking shareholder approval for a private placement with Sorcia Minerals LLC ( Sorcia ) and EVL Holdings, LLC ( EVL ) at a price of $0.58 per unit (the Financing ).
Background to the Financing: In October and December 2020 the Company completed two private placements
with Sorcia and EVL for $2.5M each. Prior to these private placements the Company was struggling to raise funds in the lithium market. The funds raised were not enough to assemble and fabricate the Company s Mobile Lithium Extraction Unit. Sorcia and EVL proposed to the Company that they would do an additional private placement and in early 2021 they made a formal proposal to do a $10M private placemen
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looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of Company with respect to the same. The Company cannot be certain that it can meet its objectives as there are many factors known and unknown that may impede it, including but not limited to, the continued funding of the project. There is no assurance that the Company s Mobile Lithium Extraction Unit will be completed in the second quarter and commercial operation by the end of 2021.Fabrication of novel machines is subject to risks that may not be known or anticipated including potential cost overruns, delays in receipt of components and the necessity of making modifications if components do not meet specifications or perform as anticipated. Start up of operations may be subject to delays in site preparation and shipping and it maybe necessary to make modifications or to calibrate or adjust to conditions on the site. By their natu
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