Former vice president of Rockwood Holdings
to begin outreach to global investment community
35 years of experience in Institutional
Investor Relations Focused on the US and International
markets
VANCOUVER, Feb. 1, 2017 /CNW/ - Lithium X Energy Corp.
("Lithium X", or the "Company") (TSX-V: LIX) (OTCQB: LIXXF) is
pleased to announce the appointment of Timothy McKenna ("McKenna") as Vice President,
Investor Relations, US Government Relations and Corporate
Communications, effective February 1,
2017. In this role, he will lead the Company's communications
strategy with investors, the media and government, community and
industry audiences.
Mr. McKenna joins Lithium X with 35 years of experience in
investor relations and communications. He was vice president
of Rockwood Holdings Inc., then the largest manufacturer of
lithium, from 2006 until Rockwood's $6.2
billion combination with Albemarle Corporation. During
his tenure, he created Rockwood's
investor relations and communications program and was instrumental
in working with the U.S. Department of Energy to help Rockwood gain a $28
million grant to expand its lithium operations in
North Carolina and Nevada's Clayton
Valley. Previously he was senior vice president of
investor and government relations for Smurfit-Stone Container
Corp., then the largest containerboard manufacturer.
"We are extremely pleased to welcome Tim
McKenna to our executive team," commented Brian Paes-Braga, Lithium X CEO. "Tim's
background speaks for itself. His skills and experience with
the investment community and in particular the lithium space, being
an integral part of the growth of Rockwood from a small cap company to a
successful $6.2 billion take-over in
2014 will help us expand our shareholder base in the US and beyond
as we continue to pursue our strategic goal of becoming the go-to
upstream lithium company."
The Company has retained McKenna through his firm, McKMagellan
LLC which will receive a fee of $7,500
USD per month for a term of 2 years, with a 30 day notice of
termination clause. The Company has also granted 150,000
incentive stock options to McKenna at an exercise price of
$2.21, expiring 3 years from the date
of grant, with quarterly vesting commencing three months from date
of grant.
About Lithium X Energy Corp
Lithium X Energy Corp. is a lithium exploration and development
company with a goal of becoming a low-cost supplier for the
burgeoning lithium battery industry. Lithium X owns 50%, and
has the option to acquire up to 80%, of the Sal de los Angeles
lithium brine project in the prolific "Lithium Triangle" in mining
friendly Salta province, Argentina, a well-known salar with a large
resource and high concentrations of lithium. Lithium X's
Arizaro project consists of 33,846 hectares located in one of the
world's largest salars thought to contain elevated lithium brine
values. Lithium X is also exploring a large land package in
Nevada's Clayton Valley, contiguous to the only producing
lithium operation in North America
– Silver Peak, owned and operated by Albemarle, the world's largest lithium
producer. Lithium X is listed on the TSXV under the trading symbol
LIX.
For additional information about Lithium X Energy Corp., please
visit the Company's website at www.lithium-x.com or review the
Company's documents filed on www.sedar.com. Join the
Company's email list at http://lithium-x.com/subscribe.
ON BEHALF OF THE BOARD OF DIRECTORS
"Paul Matysek"
Paul
Matysek
Executive Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
References to "production" or "pilot production" herein should
not be construed to imply that the Company's Sal de Los Angeles
Project is in commercial production or that it contains mineral
reserves. Further technical studies will be required to assess the
project's viability. There is no certainty that a potential mine
will be realized or that a production decision will be made.
This news release contains certain forward-looking information
and forward-looking statements within the meaning of applicable
securities legislation (collectively "forward-looking statements").
Certain information contained herein constitutes "forward-looking
information" under Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "expects", "believes", "aims
to", "plans to" or "intends to" or variations of such words and
phrases or statements that certain actions, events or results
"will" occur. Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made
and they are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed by such forward-looking statements
or forward-looking information, including the business of the
Company and the commencement of trading in the Company's shares.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and forward
looking information. The Company does not undertake to update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws.
SOURCE Lithium X Energy Corp.