Li-FT Appoints Lithium Industry Expert Iain Scarr to Board of Directors
Li-FT Appoints Lithium Industry Expert Iain
Scarr to Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2022) - Li-FT Power Ltd. (CSE:
LIFT
)
(FSE:
WS0
) ("
Li-FT
" or the "
Company
") is pleased to announce that it has appointed Mr. Iain Scarr to
the board of directors effective immediately.
Mr. Scarr is the founder of IMEX Consultants, an industrial minerals consultancy that operates across the
entire value chain, from mineral exploration, to mine and refinery development and commercialization
specializing in lithium, boron minerals, potash and soda ash discoveries. During his 30 year tenure with
Rio Tinto, where his most recent position was Commercial Director and VP Exploration, Industrial
Minerals Division, he was responsible for multiple mineral discoveries in North and South America and
Africa.
Following his career at Rio Tinto, Mr. Scarr focused on the lithium opportunity in South America. Over a
period of 12 years, Mr. Scarr brought three lithium projects in Argentina to feasibility study stage before
being acquired.
He joined Lithium One Inc. to advance the Sal de Vida lithium brine deposit in Argentina
through to feasibility (a production decision) with Galaxy Resources. Following Galaxy, Mr. Scarr worked
for the Enirgi Group, overseeing the completion of a positive feasibility study for the world-class Rincon
lithium brine project, which is also in Argentina. Most recently as Chief Operating Officer of Millennial
Lithium, he advanced their flagship Pastos Grandes Lithium Project through Feasibility Study, Pilot Plant
design, commissioning and operations before the project was acquired by Lithium Americas earlier this
year.
"We are delighted to add Iain to the board of directors," commented Julie Hajduk, CEO of Li-FT. "His
experience in lithium exploration and development globally will bring a tremendous amount of practical
knowledge to our team."
"I am excited to be joining Li-FT as a board member at this time," said Mr. Scarr. "The lithium market is
in need of new quality sources of lithium globally, and Li-FT's project and exploration portfolio represents
the enormous potential for lithium minerals in Canada, among the best mining jurisdictions in the world. I
look forward to collaborating with management and my fellow board members to take this company to
the next level."
Mr. Scarr holds a Bachelor of Science degree in Geology from California State University and a Master
in Business Administration from the University of Southern California, Marshall School of Business.
Other qualifications include a Certified Professional Geologist from the American Institute of
Professional Geologists and a Certified Minerals Project Manager from the Canadian Institute of Mining,
Metallurgy and Petroleum.
About Li-FT
Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of
mineral properties, specifically lithium pegmatite projects located in Canada. The Company currently
holds a 100% interest on the Rupert Project, which is a 155,000 hectare greenfield lithium pegmatite
exploration initiative, and has recently signed an option agreement for a 15,323 hectare project with 70%
interest on the Pontax Property. On September 21, 2022 The Company additionally entered into an
option agreement for a 18,535 hectare property with a 100% on the Lac des Montages Project. All
properties are located in the James Bay region in Quebec, Canada.
For further information, please contact:
Julie Hajduk
Chief Executive Officer
Tel: (604) 609-6185
Email: i
Website:
www.li-ft.com
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward-looking information or statements
(collectively, "forward-looking statements"), including those identified by the expressions "anticipate",
"believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent
they relate to the Company or its management. The forward-looking statements are not historical facts
but reflect current expectations regarding future results or events. This press release contains forward
looking statements. These forward-looking statements are based on current expectations and various
estimates, factors and assumptions and involve known and unknown risks, uncertainties and other
factors.
Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties
and assumptions which are difficult to predict. Factors that could cause the actual results to differ
materially from those in forward-looking statements include the continued availability of capital and
financing, and general economic, market or business conditions, including the effects of COVID-19.
Forward-looking statements contained in this press release are expressly qualified by this cautionary
statement. These statements should not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from those implied by such
statements. Although such statements are based on management's reasonable assumptions, there
can be no assurance that the statements will prove to be accurate or that management's expectations
or estimates of future developments, circumstances or results will materialize. The Company
assumes no responsibility to update or revise forward-looking information to reflect new events or
circumstances unless required by law. Readers should not place undue reliance on the Company's
forward-looking statements.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this
release.
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https://www.newsfilecorp.com/release/140093