LiTHOS Expands Executive Team to Accelerate Growth in Sustainable Lithium Sector
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LiTHOS Group has made changes to its executive team to enhance operational efficiency and meet the growing demand for environmentally responsible energy solutions.
The company has named Judson LaCapra as the chief development officer, Seth Coblentz as general counsel, and Elyssia Patterson as VP of corporate communications.
The company said these appointments are pivotal for aligning their leadership with its strategic objectives, particularly as the company moves to deploy commercial AcQUA™ systems in the field for customers.
Judson LaCapra brings extensive international management experience, having developed long-term partnerships and operations worldwide. He has a proven track record in homeland security and renewable energy projects, and his multilingual abilities and background in international business from Georgetown University are invaluable to our global operations.
Seth Coblentz has more than 20 years of experience counseling high-growth businesses within tightly regulated industries, including five years working in Frankfurt, Germany. He specializes in mergers and acquisitions, complex investment transactions, corporate structuring, and regulatory compliance. Seth received his Juris Doctorate, Cum Laude, from the University of Miami.
Elyssia Patterson, MBA, brings a wealth of experience in capital markets and has been instrumental in leading companies through public listings. In her new role, she will focus on enhancing investor relations and articulating our strategic priorities to the financial community.
CURRENT KEY DEVELOPMENTS
• Manufacturing Milestones: The company has begun manufacturing its AcQUA™ modular field unit, and company factory acceptance testing is scheduled for July 2024. This is a critical step towards deploying its innovative technology in the field at scale.
• Leadership Enhancements: The promotions of Joe Fuqua to chief operating officer and Michael Westlake to president, along with the appointment of Gabe Segal as vice president of Strategy & Finance, are key to bolstering its operational and financial planning capabilities.
LiTHOS has recently closed on financing. The company has received an aggregate of $1,146,288.90 at a price of $0.70 per unit. This funding will support LiTHOS’s continued innovation and expansion in the field of sustainable lithium extraction.
LiTHOS Group is a mining technology company focused on the selective extraction of aqueous minerals. The company’s AcQUA™ technology allows lithium to be extracted from continental brine reservoirs without the need for additional freshwater or any added chemicals or reagents. The company’s mission is to produce sustainable lithium without evaporation ponds. AcQUA™ is LiTHOS’s patent-pending technology that spans the complete value chain from the conditioning and pre-treatment of raw brines through the DLE phase into the polishing and purification of battery-grade lithium feedstock. LiTHOS has two fully operational processing facilities: a 1,400 sq ft lab in Denver, Colorado and a 50,000+ sq ft complex in Bessemer, Alabama., where LiTHOS has flexible expansion options.
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