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Northern Iron (TSXV:NFE) has announced it has filed to change the company’s name to Lithium Energy Products, which was approved by a special meeting of shareholders of the company on November 30, 2016. As quoted in the press release: Basil Botha, Executive Chairman and President of the Company, commented, “The changes announced today reflect the …
Northern Iron (TSXV:NFE) has announced it has filed to change the company’s name to Lithium Energy Products, which was approved by a special meeting of shareholders of the company on November 30, 2016.
As quoted in the press release:
Basil Botha, Executive Chairman and President of the Company, commented, “The changes announced today reflect the Company’s new strategic direction. There is a “New Energy” industry rapidly evolving around automotive and energy storage batteries and lithium will be central to tapping into this opportunity. The Company’s lithium assets and resources will be our main focus over the next phase of development as we seek to support the growth of the power battery manufacturers in Asia. Our business development team has just returned from a very successful tour of the largest power battery makers in China and as a result we are hopeful that we will attract both off-take agreements and strategic investment in the near term.”
The Company expects that its common shares will commence trading on the TSX Venture Exchange under the new name and ticker symbol “LEP” upon the opening of the markets on December 8, 2016.