LiCo Energy Metals Appoints New Board Member
1220-789 West Pender St
Vancouver BC V6C 1H2
Phone : (236) 521-0207
LiCoEnergyMetals.com
LiCo Energy Metals Appoints New Board Member
PRESS RELEASE
February 11, 2020 Vancouver, British Columbia; - LiCo Energy Metals Inc. (“the Company “or” LiCo”)
TSXV: LIC; OTCQB: WCTXF is pleased to announce the appointment of Mr. Robert Setter as a Director
of the Company.
Mr. Setter is an experienced Director of public mining exploration companies including one currently
operating near the location of LiCo’s development properties in the emerging Cobalt Camp in
Northern Ontario. Since December 2015, Mr. Setter has been on the board of Canada Cobalt Works
and can see the potential for future opportunities whereby LiCo could contract with Canada Cobalt
to access their advanced proprietary hydrometallurgical technological processes and their lab
located in the town of Cobalt.
Mr. Setter sits on the board of other TSXV listed companies and is a graduate of the University of
British Columbia. He holds a degree in Economics and brings over two decades of management,
marketing and strategic development experience.
"We are very pleased to have such an accomplished person join our team.” commented Richard
Wilson, President & CEO of the Company. “Mr. Setters’ industry and board experience and
connections related to EV Battery metals development with mineral exploration will provide
great benefits for LiCo as we advance our cobalt and lithium exploration projects. Mr. Setters’
addition to our team continues our plan to grow the Company’s depth in experience and look forward
to Robert’s contributions as we ramp up the development of our properties.”
Concurrent with the appointment of Mr. Setter, LiCo announces the resignation of Mr. Tim Fernback
as a Director. Mr. Fernback has been a very valuable member of the LiCo team, and we wish Mr.
Fernback well with his future endeavours.
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a Canadian based exploration company that trades under the symbol LIC
on the TSX Venture Exchange. The Company's focus is on exploration for high value metals required
for the manufacturing of lithium ion batteries.
Ontario Cobalt Properties:
The Company has entered into an Option Agreement with Surge Exploration Inc. (“Surge”) whereby
Surge can earn an undivided 60% interest in the Glencore Bucke and the Teledyne Cobalt Properties,
located in Cobalt Ontario, subject to certain cash, share and exploration payments to LiCo. Upon
Surge having exercised the Option, Surge will have earned an undivided 60% interest in the Cobalt
Properties, and the parties will enter into a Commercially Reasonable and Definitive Joint Venture
Agreement.
LiCo has received an independent third-party fairness opinion from an experienced and qualified
P.Geo. relating to the Cobalt Properties. The fairness opinion confirms and concludes the terms of
the Option Agreement between the Company and Surge is fair to the shareholders of the Company.
2
Nevada Black Rock Desert Lithium Project:
The Company has entered into an option agreement whereby the Company may earn an undivided
100% interest, subject to a 3% NSR, in the Black Rock Desert Lithium Project in southwest Black Rock
Desert, Washoe County, Nevada.
On Behalf of the Board of Directors
“Rick Wilson”
Rick Wilson, President &CEO
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.
Disclaimer for Forward-Looking Information:
This news release may contain forward-looking statements which include, but are not limited to, comments that
involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of
historical facts, comments that address resource potential, upcoming work programs, geological interpretations,
receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-
looking statements are not guarantees of future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary materially from
forward-looking statements.