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Neo Lithium Corp. is pleased to announce that Institutional Shareholder Services Inc., a leading independent proxy advisory firm that provides voting recommendations to institutional investors, recommends that Neo Lithium shareholders vote "FOR" the proposed plan of arrangement between the Company, Zijin Mining Group Co., Ltd. and its wholly-owned subsidiary 2872122 Ontario Inc. as previously announced on October 8, ...

 Neo Lithium Corp. (" Neo Lithium " or the " Company ") (TSXV: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to announce that Institutional Shareholder Services Inc., a leading independent proxy advisory firm that provides voting recommendations to institutional investors, recommends that Neo Lithium shareholders (" Shareholders ") vote "FOR" the proposed plan of arrangement (the " Arrangement ") between the Company, Zijin Mining Group Co., Ltd. (the " Parent ") and its wholly-owned subsidiary 2872122 Ontario Inc. (the " Purchaser ", and collectively with the Parent, " Zijin "), as previously announced on October 8, 2021 .

In recommending that Shareholders vote "FOR" the Arrangement, ISS stated, among other things:

  • "The special committee appears to have conducted a robust process, considering a number of potential transaction structures, counterparties, and financing alternatives."
  • "In light of the significant premium, the favourable market reaction, the reasonable strategic rationale and the absence of significant governance concerns, shareholder approval of this resolution is warranted."

The Meeting and Voting at the Meeting

The special meeting of Shareholders called for the purposes of considering the Arrangement (the " Meeting ") will be held on Friday, December 10, 2021 at 9:00 a.m. ( Toronto time). The Meeting will be conducted virtually through TSX Trust's virtual meeting platform at https://virtual-meetings.tsxtrust.com/1232 , password: neolithium2021 (case sensitive).

At the Meeting, Shareholders will be asked to vote for or against the Arrangement. If the Arrangement becomes effective, Shareholders will be entitled to receive $6.50 in cash for each common share of the Company (collectively, " Shares ") held. In order for the Arrangement to become effective, the Arrangement must be approved by at least two-thirds (66 2 / 3 %) of the votes cast by Shareholders virtually in attendance or represented by proxy at the Meeting and entitled to vote. In addition, the Arrangement must be approved by a simple majority of the votes cast by Shareholders virtually in attendance or represented by proxy at the Meeting and entitled to vote, after excluding 7,081,300 Shares directly or indirectly held or controlled by Messrs. Waldo Perez and Constantine Karayannopoulos in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Arrangement is also subject to the approval of the Ontario Superior Court of Justice (Commercial List).

Neo Lithium urges all Shareholders to vote and re-iterates that the Board of Directors of Neo Lithium (the " Board ") unanimously recommends that Shareholders vote FOR the Arrangement. Your vote is important regardless of the number of Shares you own.

Detailed information regarding the Arrangement, the Meeting, and voting procedures is included in the Company's management information circular dated November 8, 2021 (the " Circular "), which was mailed to all Shareholders and is available on the Company's SEDAR profile at www.sedar.com , and also on the Company's website  at https://www.neolithium.ca/zijin-materials/Notice-of-Meeting-and-Information-Circular.pdf . The Circular contains important information for Shareholders, including a description of the key terms and conditions of the Arrangement and the background leading to the execution of the arrangement agreement (the " Arrangement Agreement ") relating to the Arrangement, the benefits of the Arrangement to Shareholders and the rationale that led a special committee of independent directors (the " Special Committee ") to unanimously recommend approval of the Arrangement to the Board and the entire Board to recommend that Shareholders vote FOR the Arrangement.

THE DEADLINE TO VOTE YOUR SHARES IS 9:00 A.M. ( TORONTO TIME) ON DECEMBER 8, 2021 (BEING TWO DAYS PRIOR TO THE MEETING). REGISTERED SHAREHOLDERS OR THEIR DULY APPOINTED PROXIES, AND NON-REGISTERED SHAREHOLDERS WHO HAVE MADE THE NECESSARY ARRANGEMENTS WITH THEIR INTERMEDIARIES, MAY VOTE AT THE MEETING ON DECEMBER 10, 2021 . TO ENSURE THAT YOUR SHARES WILL BE REPRESENTED AT THE MEETING, YOU SHOULD CAREFULLY FOLLOW THE VOTING INSTRUCTIONS PROVIDED IN THE CIRCULAR AND ASSOCIATED MATERIALS PRIOR TO THE DEADLINE.

Non-registered Shareholders (i.e., those who hold Shares through an intermediary, such as a broker) will need to submit their voting instructions prior to the deadline in accordance with the instructions received from their brokers or other intermediaries.

Shareholders  who  have  questions  or  require  assistance  voting  their  Shares  should  contact  TMX Investor Solutions,  the  Company's  proxy  solicitation  agent,  by  telephone  toll-free in North America at 1-800-294-5107, or collect from outside North America at 1-416-682-3825, or by e-mail at inquiries@dfking.com .

Supplemental Transaction Disclosure to Assist Shareholders in Assessing the Strategic Rationale for, and the Benefits of, the Arrangement

The Circular contains detailed information with respect to the events and circumstances leading up to the execution of the Arrangement Agreement and the Special Committee's and the Board's unanimous decision to recommend that Shareholders vote for the Arrangement. The Company wishes to provide supplemental disclosure to assist Shareholders in understanding the strategic rationale for and benefits of the Arrangement.

In particular, as described extensively in the Company's public disclosure, the Company wishes to highlight for Shareholders that management and the Board collectively own 12,239,300 Shares, representing approximately 8.7% of the outstanding Shares and have the same interest in maximizing the value of the Shares as all Shareholders. All of the directors and officers that own Shares or options to purchase Shares (" Options ") have entered into voting and support agreements agreeing to vote in favour of the Arrangement, and have voted their Shares.

Additional Background and Strategic Rationale for the Arrangement

The Circular describes an exhaustive process by which the Company sought to identify and execute a strategic financing transaction to develop the 3Q Project beginning in 2018, and which culminated in a more structured process beginning in July 2021 . During this later stage of the process, the Company and its advisors maintained active discussions with nine parties with credible interest in executing a strategic transaction. Two other credible strategic parties were invited to participate but did not engage during the process.

Three of these interested parties submitted proposals to negotiate a joint venture transaction that would provide the Company with development financing, which included an offtake component. One party submitted an equity financing proposal. One of the parties that proposed the joint venture financing transaction subsequently indicated its interest in an all-cash acquisition of the Company as an entirety as an alternative to the joint venture. After the parties in the process were advised by the Company's financial advisor of an alternative acquisition proposal, another party in the process subsequently also indicated its interest in an acquisition of all of the Shares for cash consideration. Zijin entered the process later than other parties and only proposed an all-cash acquisition of all of the Shares. The price per Share proposed in each of these all-cash indicative offers was below the price ultimately offered by Zijin in connection with the Arrangement.

The Company explored and was open to a wide variety of potential transaction structures in its process, such as combinations of joint venture, debt financing, equity financing, and offtake arrangements, in addition to an outright sale of the Company. Through the feedback and experience received in the process, the Company came to believe that most credible potential counterparties capable of executing a transaction were interested in the Company for the purpose of securing a long-term supply of lithium carbonate (offtake) from the 3Q Project at preferential pricing, however, any indicative terms for  such transactions would have required the Company to deliver the partner an amount of offtake that was disproportionate to the proposed investment in the Company and none of these proposals were ultimately seen as maximizing value for Shareholders. Although the Company was willing to explore preferential offtake arrangements as a component of project financing alternatives, the Company did not believe it was in the best interests of the Company to enter into significant offtake arrangements as part of a strategic transaction without a significant preferential financing package and give up control of product supply, as the Company believed it would be preferable to preserve potential long-term upside in lithium carbonate pricing for the Company and Shareholders.

However, any upside from lithium carbonate pricing to the Company depended on eventual production from the 3Q Project. Neo Lithium is a pre-operational, single-asset, non-cash-flowing company operating in Argentina , a relatively high political risk jurisdiction, with no experience operating a lithium brine project, which is a highly complex specialty chemical business, or in selling the product therefrom, and no definitive financing arrangements to construct a brine evaporation complex to produce lithium carbonate, which requires significant initial capital expenditure. As described extensively in the Company's public disclosure, lithium carbonate is a specialty chemical, the market for which is relatively small and competitive, not commoditized, and the product is typically sold with specialized characteristics pursuant to long-term supply contracts with specialized users, rather than in a transparent, competitive and liquid commodity market. Although the Company has had success producing very high purity, battery grade lithium carbonate on a pilot scale to date, such production is difficult and may not be reproduced on a commercial scale in quantities or with the specifications required, or at all. As a result, any strategic alternatives for the Company that could potentially result in Neo Lithium continuing and developing the 3Q Project as a stand-alone entity, including joint ventures, offtake, equity, or debt finance arrangements, represented significant risk to Shareholders, not only from the continued risk of finding financing on attractive terms, and constructing a brine complex and processing facility in line with capital expenditure projections and in a window that could take advantage of an elevated lithium price environment, but also from eventual operation of the asset and the ability to sell any product produced therefrom. Debt financing, if available at all for a development-stage pre-cash flow company operating in Argentina , whether from commercial banks or other sources, would likely require an extensive security package, extensive additional due diligence, and come with restrictive operating covenants, all of which represented significant downside risk to a Shareholders' equity investment in the Shares, and the amount of equity financing required to construct the 3Q Project and begin operations, if available at all, would be significantly dilutive to Shareholders.

Given the difference in negotiating incentives between the Company, that is incentivized to sell lithium carbonate at the highest price, and counterparties, that desired a secure supply of lithium carbonate, the Company believes that certain counterparties in the process ultimately came to realize it was in their interests to, and began to express a preference for, acquiring all of the Shares at a premium to the trading price in order to achieve the objective of securing a supply of lithium carbonate. Taking into account the above considerations, the likely available strategic alternatives and the likelihood of execution of a financing transaction that would advance the 3Q Project, and the significant risk of diminishing equity value from continuing as a stand-alone entity, the Special Committee, empowered to consider a range of alternatives, including the status quo, determined an acquisition of the Shares at a significant premium to the trading price would also be the best way to maximize and crystallize value for the Shareholders while at the same time minimizing significant future financing, development, country and operational risks. Given these risks, the "status quo" for the Company included the need to consummate a strategic transaction with a third-party, and the "status quo" absent the completion of such a transaction was not a long-term viable alternative.

The Arrangement was the superior alternative that emerged from a range of carefully considered alternatives, including continuing as a stand-alone entity, and the purchase price of $6.50 offered by Zijin pursuant to the Arrangement was the highest price offered and was financially superior to any other offer received by Neo Lithium up to the date of execution of the Arrangement Agreement. In addition, Zijin to that point had demonstrated engagement equal to or greater than all other participants in the process with their pace of and commitment to execution, including with respect to diligence, including comprehensive site visits despite significant difficulties posed by COVID restrictions in Argentina , the form of transaction documents, and advisor engagement, leading the Special Committee and the Board to have confidence in Zijin's ability to ultimately consummate the Arrangement.

The Timing of Release of the Feasibility Study Results did not have any Impact on the Negotiations that Resulted in the Arrangement

The Circular describes the circumstances in which the Company determined to re-engage with potential strategic partners more actively in July 2021 as opposed to waiting for the results of its ongoing feasibility study (the " Feasibility Study "). Reported lithium prices were increasing from approximately the beginning of 2021, resulting in potentially more favourable circumstances for the Company to execute a strategic transaction and the formal process with selected parties that began in July 2021 . For at least a year prior thereto, the Company had commenced various work streams that together would constitute the Feasibility Study. The Company had a long history of engagement with potential interested parties, as extensively described in the Circular and herein, and based on those relationships concluded the primary motivation for a counterparty was most likely security of supply of high-purity lithium carbonate, not the economic value of operating the 3Q Project based on contract sales of lithium carbonate. The Company believes the most relevant economic parameters to a counterparty were capital and operating costs. In addition, any credible interested party involved in the process would conduct and commit resources to its own technical due diligence, including its own economic assessment of the 3Q Project. This belief was borne out in the Company's strategic process, as no interested parties indicated concern about the results of the Feasibility Study in negotiations, either because they were comfortable with the available information or due to reliance on their own technical analysis.

As the preliminary results of the various work streams making up the Feasibility Study became available, indications were that the study would generally confirm the publicly disclosed economic parameters in the Company's pre-feasibility study, the results of which were announced in the spring of 2019,  without material differences, either positive or negative. In particular, the preliminary capital and operating expenditures estimates, key outcomes of the Feasibility Study, were available to interested parties and their advisors for review in connection with any potential offer, subject to the caveat that indicative results were subject to possible change prior to the final offer submission date once external engineers finished their work and vetting procedures to complete the study. The Company carefully considered the impact that the results of the study, and not waiting for their public release, might have on the process, and determined the public release of the final study results would not affect the strategic process that resulted in the Arrangement. Taking into account the results of the Feasibility Study and of the process, the Company does not believe the results of the Feasibility Study had or would have had any impact on negotiations with any participant.

Addendum to Previously Filed Circular

The Company will file an addendum to the Circular under the Company's profile on www.sedar.com . The addendum will include the additional background information above and further supplemental disclosure regarding collateral benefits to be received by certain related parties of the Company, as initially disclosed in the Circular.

Shareholder Questions and Assistance

If you have any questions on the Arrangement or require assistance voting your Shares, please contact our proxy solicitation agent, TMX Investor Solutions at 1-800-294-5107 toll-free in North America , or call collect outside North America at 1-416-682-3825, or by e-mail at inquiries@dfking.com .

About Neo Lithium Corp.

The 3Q Project is located in the Province of Catamarca, the largest lithium producing area in Argentina . The project covers approximately 35,000 ha and the salar complex within this area is approximately 16,000 ha.

Additional information regarding Neo Lithium and the Arrangement is available in the Circular and other meeting materials, and in other documents on SEDAR at www.sedar.com under the Company's profile and at its website at www.neolithium.ca .

Neither 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 release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the contents of this press release.

Cautionary Note Regarding 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 with respect to the anticipated date of the Meeting, the date for the public audience of the Environmental Impact Assessment and the approval of the Catamarca mining authority thereafter, completion of the arrangement with Zijin and the benefits to Shareholders from the Arrangement. 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. 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, the possibility that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required Shareholder, court and regulatory approvals and other conditions of closing necessary to complete the Arrangement or for other reasons, the possibility of adverse reactions or changes in business relationships resulting from the announcement or completion of the Arrangement, political and regulatory risks associated with mining and exploration activities and operations in Argentina , environmental regulation, and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record, including, but not limited to, the risk factors described in the Company's revised annual information form for the year ended December 31, 2019 available on SEDAR. 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.

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Argentina Lithium & Energy

Argentina Lithium Announces Corporate Update

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FSE): OAY3
OTCQB Venture Market (OTC): PNXLF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") is pleased to announce that it has retained Zoppa Media Group (" Zoppa ") to act as an investor relations consultant to the Company, to assist with corporate finance and investor relations programs. Zoppa has been engaged for a term of one year at a monthly fee of $1,500 .

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Noram Lithium

Noram Lithium


Overview

Driven by increasing demand from the electric vehicle industry, the outlook for lithium is promising and forecasts are showing no signs of slowing down. On top of this rising demand, the US government has also deemed lithium a “critical material” and released a National Blueprint that outlines a goal to secure access to raw materials for lithium batteries and establish a program to increase domestic processing and production.

As the push to develop a domestic supply chain for lithium batteries in the US gets underway, one region in the country stands out among the rest. Nevada’s Clayton Valley is home to the only operating lithium brine mine in the US –– Albemarle’s (NYSE:ALB) Silver Peak Lithium Mine, which has produced lithium for more than 60 years. Nevada is ranked the top mining jurisdiction in the world based on investment attractiveness in 2020. Of note, Albemarle has indicated it is planning on doubling its Silver Peak’s lithium production by 2025.

One company focused on a project in Clayton Valley, Nevada, is Noram Lithium (TSXV:NRM; OTCQB:NRVTF; FRA:N7R). Noram Lithium’s flagship Zeus project is a high-grade lithium project that spans 2,800 acres, located adjacent to Albemarle’s Silver Peak Lithium Mine, with extensive infrastructure including power at site a paved highway directly to the project. It is also in the same state as Tesla’s (NASDAQ:TSLA) first Gigafactory.

Noram Lithium

A Preliminary Economic Assessment (“PEA”) on the Zeus project showed robust economics indicating a US$1.299 billion after-tax net present value (“NPV”) (8percent) with a 31 percent after-tax internal rate of return, spanning a mine life of 40 years. The existing resource has indicated resources for up to 200 years of operation.

Noram Lithium is fully funded with a strong cash position to advance and de-risk its Zeus project with an aggressive development plan set for 2022. Development plans include updating the project’s resource with a drill program in Q1/2022, completing additional metallurgical and prefeasibility studies (“PFS) to further enhance the project’s economics, and complete baseline environmental studies and green initiatives.

Company Highlights

  • Noram Lithium’s flagship Zeus project has a preliminary economic assessment that indicates robust economics: a US$1.299 billion after-tax NPV (8percent), a 31percent IRR” and a mine life of 40 years.
  • 100 percent owned with no underlying NSR.
  • A significant mineral resource estimate at cut-off grades of 400 ppm, including a total measured and indicated resource of 1.8 million tonnes of lithium carbonate equivalent and a total inferred resource of 3.9 million tonnes of lithium carbonate equivalent.
  • Zeus features a high-grade and shallow lithium deposit, which may result in a relatively low-cost operation supported by high lithium recoveries and low contamination.
  • Situated near Albemarle’s Silver Peak, which is the only other US producer of lithium.
  • Noram’s share structure remains tight with below 75M shares issued, with approximately 20percent controlled by management and insiders.

Key Projects

Zeus

Zeus project

The flagship Zeus project is a high-grade lithium project located in Clayton Valley in Nevada, near the only other US producer of lithium, Albemarle’s Silver Peak. The 2,800 acre property features access to a road, power and extensive infrastructure nearby. The Zeus project hosts a large-scale deposit located near the surface with minimum to nil overburden that is suitable for conventional mining methods and would be a relatively low-cost operation.

The preliminary resource estimate on the Zeus project showed robust economics. Highlights include (all $ are expressed in US$):

  • $1.299 Billion NPV” (After-Tax) at 8percent discount rate with a 31percent IRR.
  • Capital Costs (“CAPEX”) estimated at $528M with after-tax payback period of 3.23 years.
  • Gross Revenue of $303.4 Million/year or $12.14 billion over its mine life.
  • Low Operating Cost. Operating Cost (“OPEX”) of $3,355.30/tonne Lithium Carbonate Equivalent (“LCE”) with a break-even price of $4016.6/tonne LCE LOM. Operating cost per tonne places the Zeus projects amongst the lowest in the industry.
  • Long Mine Life (“LOM). The mine production rate during full operation is set at 17,000 tpd. The production schedule uses ore from the first 11 phases, which results in 40-year mine life (“LOM”). The mine production schedule results in 245.4 million tonnes averaging 1,093 ppm Li.
  • Very Low Strip Ratio. Mining strip ratios are very low, averaging 0.07:1 for LOM. Mining consists of a truck and shovel method, with blasting being unnecessary due to the ore softness.
  • Low Environmental Impact. The leaching and filtration flowsheet includes dry stack tailings, thus, eliminating the environmental risk and long-term management issues associated with tailings ponds.
  • LCE market Price. Base case market price of $9500/tonne LCE is well below long term forecasted rate of $14,000/tonne. Price Sensitivity. The after-tax NPV reaches $2.665 billion at $14,250/Tonne LCE (8percent discount rate). On January 13, 2022, LCE was currently selling for ~US$50,000/tonner
Zeus

Noram Lithium President and COO Peter Ball shared in an interview with INN, "These numbers are spectacular for where we are. It's going to be an opportunity for shareholders."

Noram Lithium CEO and Director Sandy MacDougall said, “This study represents the most significant milestone to date for Noram and establishes us among limited peers as the newest low cost, high-grade, near-term lithium production story in North America."

Zeus project

In a research report, independent analyst Fundamental Research Corp. (on December 15, 2021) gave the company a peer-compared fair value of C$2.65 after reviewing Noram’s recent PEA announcement.

Noram Lithium plans to further upgrade the resource with additional infill drilling of 12 holes planned for the first quarter of 2022. The company also plans to complete an additional follow-up metallurgical study in the first half of 2022 and then complete a prefeasibility study (“PFS”) in the second half of 2022.

Management Team

Anita Algie - Chair & CFO

Anita Algie has over 15 years of experience in management, listings, compliance, corporate structure and development as well as mergers and acquisitions for exploration- and resource-based public companies. She is the former president and CEO of Unity Metals Corp. (TSXV:UTY). She is also the former president, CEO and director of American Lithium Corp. (TSXV:LI) and First Cobalt Corp. (TSXV:FCC). Algie has served on numerous boards during her career in the public markets and specializes in sourcing, acquiring and developing non-grass roots properties. Algie has also successfully completed several CPC Qualifying Transactions with the TSX Venture Exchange. She is an Honors Human Physiology graduate from the University of British Columbia.

Sandy MacDougall -
CEO & Director

Sandy MacDougall is an Economics graduate of the University of British Columbia. MacDougall has over 30 years of experience in the investment banking and finance industry. He was a former investment advisor at Canaccord Capital Corp. and was involved in numerous significant financings in Canada and abroad for a wide range of companies. His experience includes extensive exposure to precious and base metal projects throughout North and South America. He was previously Chairman of the Board from 2016 to 2021.

Peter A. Ball - President & COO

Peter Ball brings over 30 years of extensive experience as a mining professional at all levels of leadership. Throughout Ball’s career, he has held various senior management roles with international mining companies, including corporate finance, securities trading, mine engineering, business development, corporate communications, public relations and marketing functions. Balls’ management experience is throughout North and South America, Asia and Europe. Ball began his career in the late 1980s working as a mining engineer, a technical representative and in various management and senior executive roles. Ball held these roles at numerous companies, including NV Gold Redstar Gold , Columbus Gold , Hudson Bay Mining & Smelting, Echo Bay Mines Ltd., RBC Dominion Securities and Eldorado Gold Corp. Ball is a graduate of the Haileybury School of Mines, Georgian Business College and UBC’s Canadian Securities Course. Ball is also a member of CIMM. Ball has led and assisted in raising over $250M of capital in the resource sector.

Arthur Brown - Director

Arthur Brown brings 36 years of business experience to Noram’s board. He has served on the boards of eight other companies in sectors ranging from technology to oil and gas and mineral exploration. Brown has substantial knowledge and experience in corporate structure and development, financings and venture capital. Brown understands all the aspects and requirements that a public company must have to operate successfully. This knowledge and experience have been translated into many successful financings for the various companies that he has been involved with.

Adam Falkoff - Independent Director

Adam Falkoff has over 20 years of experience in public policy, international relations and business development. He has advised CEOs of the Fortune 100, presidents, prime ministers, cabinet ministers and ambassadors as the president of CapitalKeys. CapitalKeys is a bipartisan global public policy and strategic consulting firm based in Washington, D.C. with offices in London and Singapore. As the president of CapitalKeys, he has successfully helped clientele understand, anticipate and navigate the complex public policy environment as well as develop strategies for business development driving client revenues. He is also the interim president of RARE, The Association for Rare Earth. He is a 2018 recipient of the Ellis Island Medal of Honor for service to the USA. He was also named to the Washington, D.C. Power 100 which is a list of the 100 most influential non-elected people by Washington Life Magazine.

Falkoff received a Bachelor of Arts from Duke University. He also received an M.B.A. and M.I.M. (Master of International Management) from the Thunderbird School of Global Management on an academic scholarship. Falkoff also holds a Certificate in International Law from the University of Salzburg’s Institute on International Legal Studies. The coursework was instructed by Supreme Court Justices Anthony Kennedy and John Paul Stevens. He also participated in the Postgraduate Programme of the School of Mining Engineering at the University of Witwatersrand in Johannesburg, South Africa that is known as the world’s preeminent institution in the field of international mining and mining studies.

Cyrus Driver - Independent Director

Cyrus Driver is a chartered accountant and a founding partner in the firm of Driver Anderson since its inception in 1982. Driver is a retired partner in the firm of Davidson and Company LLP. Driver has a wide knowledge of the securities industry and its rules which has enabled him to give valuable advice to clients with respect to finance, taxation and other accounting-related matters. Whilst providing general public accounting services to a wide range of clients, he specializes in servicing TSX Venture-listed companies and members of the brokerage community. He currently serves as director and/or CFO of several TSX-V listed companies.

Brad Peek, CPG - Senior Consultant Geologist

Brad Peek has more than 40 years of experience in project management, mineral exploration and computer applications in the mining industry. Peek has 11 years of experience with a water engineering consultant firm. Peek received a Bachelor of Science degree in Geology from the University of Nebraska and a Master of Science degree in Geology from the University of Alaska. He is a member of the Society of Economic Geologists as well as the Society of Mining, Metallurgy and Exploration. Peek is also a Certified Professional Geologist, CPG11299 of the AIME American Institute of Professional.

NEW! Download Our 2022 Lithium Outlook Report

NEW! Download Our 2022 Lithium Outlook Report

Find out what is in store for lithium in 2022!

The Investing News Network (INN) spoke with analysts, market watchers and insiders about which trends will impact lithium in the year ahead.

✓ Trends        ✓ Forecasts       ✓ Top Stocks

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Albemarle and 6K Sign Joint Development Agreement to Develop Novel Lithium Battery Materials

ALBemarle Corporation (NYSE: ALB), a global leader in advanced lithium materials, and 6K , an emerging leader of microwave-controlled plasma technology, today announced they have signed a joint development agreement (JDA) to explore the use of 6K's patented UniMelt® advanced, sustainable materials production platform to develop novel lithium battery materials through potentially disruptive manufacturing processes.

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Cypress Development Announces Upsize to Previously Announced Bought Deal Financing to $16 Million

Cypress Development Announces Upsize to Previously Announced Bought Deal Financing to $16 Million

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Cypress Development Corp. ( TSXV: CYP ) ( OTCQX: CYDVF ) ( Frankfurt: C1Z1 ) ("Cypress" or "the Company") is pleased to announce that due to strong investor demand, it has entered into an amending agreement with PI Financial Corp., as the sole underwriter and bookrunner (the "Underwriter") to increase the size of the previously announced bought deal financing to an aggregate of 8,000,000 units of the Company (the "Units") at a price of $2.00 per Unit (the "Offering Price") for gross proceeds of $16,000,000 (the "Offering"). Each Unit shall consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant shall be exercisable for one common share of the Company for a period of 24 months from the Closing Date (as herein defined) at an exercise price of $2.65.

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Cypress Development Announces $12 Million Bought Deal Financing

Cypress Development Announces $12 Million Bought Deal Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES

Cypress Development Corp. ( TSXV: CYP ) ( OTCQX: CYDVF ) ( Frankfurt: C1Z1 ) ("Cypress" or "the Company") is pleased to announce that it has entered into an agreement with PI Financial Corp. as the underwriter and bookrunner (the "Underwriter") pursuant to which the Underwriter has agreed to purchase, on a bought deal basis pursuant to a short form prospectus, 6,000,000 units (the "Units") of the Company at a price of $2.00 per Unit (the "Offering Price") for gross proceeds of $12,000,000 (the "Offering"). Each Unit shall consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant shall be exercisable for one common share of the Company for a period of 24 months from the Closing Date (as herein defined) at an exercise price of $2.65.

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