VANCOUVER, BC, May 29, 2023
/CNW/ - Century Lithium Corp. (TSXV: LCE)
(OTCQX: CYDVF) (Frankfurt: C1Z) ("Century Lithium" or
"the Company") announces that Ms. Cassandra
Joseph will step down as non-executive Chair and director
effective June 30, 2023 in order to
focus her attention on her new role as General Counsel of Ivanhoe
Electric. Mr. Bryan Disher,
non-executive director and Chair of the Audit Committee, will
become Chair of the Board of Directors upon her departure.
"Cassandra played a pivotal role in the transformation of our
Company over the past two years", said President and CEO,
Bill Willoughby. "Cassandra's
business acumen has helped guide our Company through key
development stages. On behalf of the Board and management, we thank
her for her dedicated service to the Board of Directors and the
Company and wish her well in her new endeavor."
"On behalf of the Century Lithium team we welcome Bryan to his
new position and look forward to continue working with him in our
efforts to build significant value for our shareholders."
"Serving Century Lithium as Board Chair has been an honor", said
Ms. Joseph. "A special thanks to Century's management team and my
fellow Board members for their shared commitment to the Company's
success."
In addition, the Company is pleased to announce the appointment
of Todd S. Fayram, to the position
of Senior Vice President Metallurgy. Mr. Fayram is a 43-101
Qualified Engineer with a designation in Metallurgical Engineering.
He holds a Bachelor of Science in Mineral Processing Engineering
and a Masters of Science in Metallurgical Engineering from
Montana College of Mines and
Technology. Mr. Fayram joins Century Lithium with over thirty -five
years of experience. He has held several positions with
international mining and metals companies including projects in
United States, Canada, Mexico, Argentina, and Australia. Experienced and trained in Mineral
Processing, he also has extensive industrial experience in mining,
crushing, mineral processing, hydrometallurgy, electrometallurgy,
pyrometallurgy, environmental affairs and mineral economics.
"We are fortunate to be able to have an experienced metallurgist
like Todd join our team", stated Bill
Willoughby, President & CEO of Century Lithium. "Todd's
knowledge and experience will complement our current team, maintain
project continuity, and add significant value to Century Lithium as
we move the project past feasibility and towards production. The
addition of Mr. Fayram reflects the Company's strategy to
complement its existing expertise in lithium with strong
metallurgical expertise."
"I am looking forward to joining the Century Lithium team and
contributing my knowledge and understanding in the areas of
metallurgy to this exciting project", commented Mr. Fayram.
About Century Lithium
Corp.
Century Lithium Corp. (formerly Cypress Development Corp.) is an
advanced stage lithium company, focused on developing its
100%-owned Clayton Valley Lithium Project in west-central
Nevada, USA. Century Lithium is
currently in the pilot stage of testing on material from its
lithium-bearing claystone deposit at its Lithium Extraction
Facility in Amargosa Valley,
Nevada and progressing towards completing a Feasibility
Study and permitting, with the goal of becoming a domestic producer
of lithium for the growing electric vehicle and battery storage
market.
ON BEHALF OF CENTURY LITHIUM CORP.
WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE
CONTENT OF THIS NEWS RELEASE.
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SOURCE Century Lithium Corp.