LEXI Announces Commencement of Engineering for Lithium Extraction Plant and Appointment of IBC President Steven Izatt to Advisory Board
TORONTO, Nov. 23, 2017 (GLOBE NEWSWIRE) -- Lithium Energi Exploration Inc. (TSXV:LEXI) (FR:LO9) (“LEXI” or the “Company”) is pleased to announce the appointment of Mr. Steven R. Izatt to its Board of Advisors and the commencement of engineering and construction planning, in conjunction with IBC Advanced Technologies, Inc. (“IBC”), for LEXI’s advanced, MRT lithium extraction plant. Mr. Izatt is a renowned chemical engineer and the President of IBC.
“Our distinguished Board of Advisors continues to note strong progression, as we gratefully welcome Mr. Izatt to our team”, voiced Steven Howard, Chairman and CEO. “As CEO of IBC, Steve’s intimate knowledge of MRT, combined with his broad, award-winning chemical engineering and commercial expertise, adds another veteran voice to the ensemble of experts contributing to LEXI’s development and also inaugurates the work of our highly-focused engineering team, as we start engineering and construction planning for our flagship “Module One” lithium processing facility in Argentina.”
Mr. Izatt noted, “We’re honored to add our experience to LEXI’s advisory panel and enthusiastic about bringing Module One to life. We’re impressed with both LEXI’s team and its properties, so we are eager to launch the next phases of our work. Our conceptual designs will soon morph into final engineering, as we are able to analyze brine samples and identify location context over the next six to twelve months. With almost 30 years of commercial application to the supramolecular science behind IBC’s proprietary MRT, we believe that LEXI’s Module One plant will set the stage for rapid, easily scalable expansion of throughput capacity in the years that follow. The dynamic, global changes we’re all witnessing now are giving rise to a very exciting time for energy metals. We’re glad to be so intimately involved with LEXI, as we set about the process to write a new chapter for metals extraction and energy storage worldwide.”
As CEO of IBC, Mr. Izatt leads the development, manufacturing, and commercialization of the products and processes attributable to IBC’s proprietary Molecular Recognition Technology ("MRT"), which provide advanced, metals separation services for industrial clients around the world. He has also served on the Board of Directors of the International Precious Metals Institute ("IPMI") and received the IPMI Jun-ichiro Tanaka Distinguished Achievement Award in 2008 for his entrepreneurial contributions to the precious metals industry. Prior to IBC, he was a management consultant at PA Consulting Services, Inc. and Touche Ross & Co. (now Deloitte Consulting), served as a charter member of the Advisory Board of the Pennsylvania State University Technology and Business Development Center in Great Valley, PA, and worked as an engineer (technology transfer and ventures) at Bethlehem Steel Corporation. A Registered Member of The Society for Mining, Metallurgy, and Exploration and a member of IPMI and the American Chemical Society, Mr. Izatt has authored or co-authored over 100 publications and presentations. Mr. Izatt holds an M.S. in Chemical Engineering Practice (1984), an M.S. in Technology & Policy (1984), both from the Massachusetts Institute of Technology, and a B.A. in Chemistry (High Honors, University Scholar, 1981) from Brigham Young University.
About Lithium Energi Exploration, Inc.
Lithium Energi Exploration Inc. is an exploration company specializing in the strategic acquisition, exploration and development of lithium brine assets in Argentina. The Company is headquartered in Toronto, Ontario and has offices in Dallas, Texas and Catamarca, Argentina. The common shares of the Company are listed on the TSX Venture Exchange (TSXV:LEXI). The Company recently completed the acquisition of a portfolio of projects comprising over 128,000 hectares of lithium brine concessions in the Argentina Province of Catamarca in the heart of the lithium triangle.
ON BEHALF OF THE BOARD OF DIRECTORS
“Chris Hobbs”
________________________
Chris Hobbs,
Chief Financial Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Lithium Energi Exploration, Inc.
Tel: 416 276-6689
Fax: 888 909-1033
Email: chris.hobbs@lithiumenergi.com
www.lithiumenergi.com
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 release.
The forward looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward looking statements included in this news release are made as of the date of this news release and the Company does not undertake and is not obligated to publicly update such forward looking statements to reflect new information, subsequent events or otherwise unless so required by applicable securities laws.