American Lithium Completes Merger with Plateau Energy Metals
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American Lithium Corp. has completed the acquisition of Plateau Energy Metals. The arrangement became effective on May 11, 2021, resulting in Plateau becoming a wholly-owned subsidiary of American Lithium.
“We are thrilled to complete this acquisition of Plateau, which significantly increases our portfolio of assets and expands our range of opportunities in the Americas. I would like to take this time to welcome our new colleagues from Plateau, who bring a highly complimentary skill set. Not only is this important for the continued development of the Plateau assets but also their success in producing battery grade lithium at Falchani will be directly relevant as we focus on that milestone at TLC,” said Simon Clarke, chief executive officer and director of American Lithium.
“The merger of Plateau and American Lithium combines two major undeveloped lithium assets and creates a development stage company with one of the largest combined lithium resources globally. The combination also secures the financial strength, capital markets expertise and shareholder support required for us to step up the development of all of our assets and build on the last decade of work undertaken, and milestones achieved, in Peru. We continue to believe that our success will position Peru as a major supplier of energy metals,” said Dr. Laurence Stefan, interim CEO and director of Plateau.
Go Forward Management / Board of Directors
Simon Clarke will be the chief executive officer and a director of the company going forward. Andrew Bowering will move from his current role as chief financial officer and director to be chairman of the company. Michael Kobler will step down from the board of directors of American Lithium but will remain with the company as general manager of the U.S. operations. G.A.(Ben) Binninger remains an independent director and Graham Ballachey remains as VP Engineering.
From the Plateau side, Dr. Laurence Stefan will join the company as president, chief operating officer and director. Philip Gibbs will become the chief financial officer and Ted O’Connor will join the board of directors and will also be technical advisor and qualified person for the company’s projects.
Dr. Stefan, the founder of Plateau Energy Metals has more than 30 years of experience in the mining industry (exploration, development, mining, processing and marketing), serving as managing director in Peru since 2007. Dr. Stefan previously worked at Gold Fields of South Africa and JCI (Pty) Ltd. where he was involved in the beneficiation of a wide variety of solid metal/non-metal commodities. He has vast experience covering over 100 projects on 6 continents and led the discovery team for the Falchani lithium project.
Philip Gibbs, the current chief financial officer of Plateau, has extensive experience with listed mining and mineral exploration companies operating in Africa and South America. Mr. Gibbs also serves as chief financial officer of Cobalt BlockChain and Asante Gold Corporation.
Ted O’Connor, P.Geo, MSc. is a professional geoscientist with more than 30 years of experience in the exploration industry and has been involved with Macusani Yellowcake and Plateau since shortly after inception. Previously, as director of corporate development for Cameco, Ted was responsible for evaluating, directing and exploring for uranium deposits worldwide. He has successfully led new project generation from early exploration through discovery on multiple uranium projects and was also part of the discovery team for the Falchani project.
About American Lithium
American Lithium is actively engaged in the acquisition, exploration and development lithium deposits within mining-friendly jurisdictions throughout the Americas. The company is currently exploring and developing the TLC lithium project located in the highly prospective Esmeralda lithium district in Nevada. TLC is close to infrastructure, 3.5 hours south of the Tesla Gigafactory, and in the same basinal environment as Albemarle’s Silver Peak lithium mine, and several advancing deposits and resources, including Ioneer Ltd.’s (formerly Global Geoscience) Rhyolite Ridge and Cypress Development Corp.’s Clayton Valley Project.
To stop by American Lithium’s website, CLICK HERE
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