VANCOUVER, British Columbia, Sept. 23, 2022 (GLOBE NEWSWIRE) — Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (OTC: CSKYF) (“Clear sky“or the”Company”), a mining exploration and development company focused on US lithium deposits to support domestic demand, is pleased to announce and welcome industry-recognized mining construction expert, Mr. Jean Depatie , B.Sc., M.Sc., as Chief Advisor in Project Development and Acquisitions.
Mr. Depatie is an internationally recognized expert in mining exploration and development and in the financing of mining and mining companies, including mergers and acquisitions. He is an economic geologist with a bachelor’s degree in mathematics and physics and holds a bachelor’s and master’s degree in geology. He has had a distinguished international career spanning over 45 years of national and international experience in economic geology, having acted, directly or indirectly, as a consultant for organizations such as the United Nations, the World Bank, the Asian development, the Commonwealth Secretariat, the Quebec Ministry of Natural Resources and the Canadian International Development Agency.
In the mining industry, he was a director of Glamis Gold Ltd. (which sold to Goldcorp Inc., which eventually became a US$21.3 billion market capitalization company), director of Novicourt Inc. (acquired by Xtrata plc) and director of Consolidated Thomson Iron Mines Limited (acquired by Cliff Natural Resources Inc. in a $4.9 billion acquisition transaction). Mr. Depatie has also served public companies at the highest levels in the acquisition of strategic mines internationally. In addition to his role in the acquisition and reactivation of the Cobre San Juan base metal mine in Peru, he was involved in the discovery of the Louvicourt base metal mine and the development of the Beaufor gold mine. in Quebec. In Quebec, he was President and Chief Executive Officer of Mines Louvem inc. He staked the ground and initiated the drilling that led to the discovery by SOQUEM of the Seleine salt mine in the Magdalen Islands, Quebec. This mine is still in production today.
In 1990, Mr. Depatie received the Prix d’Excellence from the Quebec Ministry of Mines and Energy for having financed and brought into production the Stratmin mine, then considered the largest graphite mine in the world. In 1991, he was president of the Professional Association of Geologists and Geophysicists of Quebec. In 2021, he received the Hector-Authier prize from the Association québécoise de l’exploration canadienne for his exceptional contribution to the development of mining entrepreneurship in Quebec.
Company CEO Patrick Morris noted, “We are truly grateful to make today’s announcement. Mr. Depatie brings a whole new level of expertise, knowledge, leadership and global recognition to our company. He is an accomplished professional, and we believe that with his contribution of advice and guidance, we can expect continued growth of the Company and creation of value for its shareholders.
The Company announces that it has granted 200,000 Restricted Share Units (“RSUs”) to Mr. Depatie. Twenty percent (20%) of the RSUs vest immediately and 20% of the RSUs vest on the dates 6, 12, 18 and 24 months following the grant date. The RSUs are subject to a statutory hold period of four months plus one day and cannot be exercised until the Company’s RSU plan has received the approval of its shareholders.
Clear Sky Lithium advises the public that as part of its disclosure obligations as a public issuer, all filings and regulatory filings may be viewed at www.sedar.com. We also invite the public to visit our website at www.clearskylithium.com and sign up for our “News Alerts” to be notified of future press releases and related company information. Also be sure to watch our video which is available on the website.
On behalf of the Board of Directors,
Chief executive officer
Clear Sky Lithium Corp.
About Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (OTC: CSKYF)
Clear Sky Lithium is an exploration and development company dedicated to advancing North American lithium deposits to support domestic demand. The Company holds interests in the Halo and Eli properties in Nevada. The Company is also focused on developing clay mining and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. To learn more, visit www.clearskylithium.com and watch our video.
Disclaimer Regarding Forward-Looking Information
This press release contains statements and information which, to the extent that they are not historical facts, may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections, as well as statements regarding future economic plans, objectives or performance, or assumptions underlying any of the foregoing. In some instances, forward-looking statements may be identified by words such as “may”, “would”, “could”, “will”, “likely”, “unless”, “anticipate”, “believe”, “have the ‘intention’, ‘plan’, ‘forecast’, ‘project’, ‘estimate’, ‘prospect’, or their negative form or other similar expressions relating to matters which are not historical facts. Examples of such statements include, but are not limited to, statements regarding the services to be provided by Mr. Depatie and the resulting benefits to the Company.
Forward-looking information is based on management’s assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date such statements are made, but which may prove to be incorrect. Important factors and assumptions used to develop the forward-looking information contained in this press release include, but are not limited to, key personnel and qualified employees who continue their involvement with the company; the Company’s ability to obtain additional financing on reasonable terms; the competitive conditions of the industry in which the Company operates; and the laws and their amendments applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the information. forward-looking, including, without limitation, risks related to the Company’s future business plans; the risks that the Company may not be able to retain its key personnel; the risks that the Company may not be able to obtain financing on reasonable terms or at all, as well as all other risks described in the Company’s final long form prospectus dated May 31, 2022, under the heading “Factors of risk”. Accordingly, readers should not place undue reliance on such forward-looking information. Further, any forward-looking information speaks only as of the date such statement is made. New factors emerge from time to time, and it is not possible for the management of the Company to predict all of these factors and to assess in advance the impact of each of these factors on the Company’s business or the extent to which any factor, or combination of factors, could cause actual results to differ materially from those contained in the forward-looking information. The Company undertakes no obligation to update forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unforeseen events, except as required by law, including securities laws.
The CSE has neither approved nor disapproved of the content of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Clear Sky Lithium Corp.
Email: [email protected]
Phone: +1 (778) 383-7240