TORONTO, April 6, 2021 /CNW/ - Neo Lithium Corp. ("Neo
Lithium" or the "Company") (TSXV: NLC) (OTCQX: NTTHF)
(FSE: NE2) is pleased to announce the appointment of Mr. Tang
Honghui as an independent director of the Company.
"We are very pleased to welcome Mr. Tang Honghui from CATL and
believe that he will add considerable value as the Company
transitions into full development of the 3Q Project. Mr. Tang
brings a wealth of knowledge in the lithium battery industry,"
commented Constantine
Karayannopoulos, Chairman of the Board of Neo Lithium.
Mr. Tang was appointed to the Board of Neo Lithium as the
nominee of Contemporary Amperex Technology Co., Ltd (CATL, SZSE:
300750), (together with its subsidiaries, "CATL"), which has a
board nomination right pursuant to the strategic investment and
investors rights agreement signed with the Company that closed on
December 16, 2020.
"This is an exciting opportunity for me and CATL to get involved
in a world-class lithium brine project. I am looking forward to
working with this experienced team to develop the full potential of
the 3Q Project," commented Mr. Tang, CATL Representative and VP of
Guangdong Brunp Recycling Technology Co., Ltd.
Mr. Tang holds both a Bachelor's and a Master's degree in
Non-Ferrous Metallurgy from Central South
University. He is the Vice President of Guangdong Brunp
Recycling Technology Co., Ltd. (a subsidiary controlled by CATL),
and oversees technology R&D and industrialization, production
line design and engineering of new technologies and products.
During his career in Brunp, Mr. Tang has led several technology
projects and received great recognition in China. In addition, Mr. Tang holds over 30
authorized patents, of which more than 10 are invention patents.
Furthermore, Mr. Tang has been awarded the Corporate Senior
Management Talent Award of Changsha City in 2017, the Excellent
Professional Manager Award of Ningxiang County in 2018, and
recognized as C-category Senior Talent of Changsha City in 2019.
About CATL
Contemporary Amperex Technology Co., Ltd (CATL) is a global
leader in the development and manufacturing of lithium-ion
batteries, with businesses covering R&D, manufacturing and
sales in battery systems for new energy vehicles and energy storage
systems. In the year of 2020, CATL's EV battery consumption volume
ranks No.1 in the world for four consecutive years, according to
SNE Research.
For more information,
please visit http://www.catl.com.
About Neo Lithium Corp.
Neo Lithium Corp. has quickly become a prominent new name in
lithium brine development by virtue of its high quality 3Q Project
and experienced team. Neo Lithium is rapidly advancing its 100%
owned 3Q Project - a unique high-grade lithium brine lake and salar
complex in Latin America's
"Lithium Triangle".
The 3Q Project is located in Catamarca Province, the largest
lithium producing area in Argentina covering approximately 35,000 ha
including a salar complex of approximately 16,000 ha.
Additional information regarding Neo Lithium Corp. is available
on SEDAR at www.sedar.com under the Company's profile and at its
website at www.neolithium.ca, including various pictures of ongoing
work at the project.
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 press release.
Cautionary Statements Regarding Forward-Looking
Statements
Forward-Looking Statements -- Certain information set forth
in this news release may contain forward-looking statements. Such
statements include but are not limited to, statements as to the
intended use of proceeds of the Offering, receipt of regulatory
approvals, including the approval of the TSXV, the intention of
CATL to exercise its right to maintain its pro rata percentage
holding of the Company, the deemed exercise of the Special
Warrants, and the Company's intentions with respect to filing a
(final) short form prospectus and obtaining a final receipt
therefor (which also assumes that such receipt will be obtained
prior to April 12, 2021). Generally,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "is expected", "scheduled",
"estimates" "intends", "anticipates", "believes", or variations of
such words and phrases, or statements that certain actions, events
or results "can", "may", "could", "would", "should", "might" or
"will", occur or be achieved, or the negative connotations thereof.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company, which could cause the actual results, performance or
achievements of the Company to be materially different from the
future results, performance or achievements expressed or implied by
such statements. These risks include, without limitation, risks
related to obtaining the approval of TSXV for the Offering, risks
related to obtained a final receipt from the applicable securities
regulatory authorities, failure to obtain adequate financing on a
timely basis and on acceptable terms, political and regulatory
risks associated with mining and exploration activities, including
environmental regulation, risks and uncertainties relating to the
interpretation of drill and sample results, risks related to the
uncertainty of cost and time estimation and the potential for
unexpected delays, costs and expenses, risks related to metal price
fluctuations, the market for lithium products, and other risks and
uncertainties related to the Company's prospects, properties and
business detailed elsewhere in the Company's disclosure record.
Although the Company believes its expectations are based upon
reasonable assumptions and has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended and
undue reliance should not be placed on forward-looking
statements.
SOURCE Neo Lithium Corp.