Introduction.
With Chile’s current choice to nationalise its lithium market, the requirement for a steady domestic lithium supply in The United States and Canada has actually never ever been more alarming. Chile is presently the second biggest international manufacturer of the battery metal accountable for more than 21 percent of the world’s supply. Together with leading manufacturer Australia, these 2 nations represent more than 70 percent of the world’s lithium supply.
Due to the reality that need for lithium is still on track to substantially overtake supply by 2030, lots of countries have actually started the procedure of developing alternative products of lithium and other vital minerals.
The Canadian Important Minerals Technique, for example, develops an extensive structure for the advancement of sustainable, properly sourced domestic products. Beyond that, its objectives consist of supporting financial development, promoting environment action, advancing reconciliation with Native Peoples and neighborhoods, cultivating work environment inclusivity and boosting international collaborations. The United States Inflation Decrease Act has a comparable goal, with arrangements such as sustainability tax credits and lowered renewable resource expenses.
The existing market and regulative landscape develop a substantial chance to be associated with lithium mining and expedition. Through its extremely potential Apollo Lithium Task in James Bay, Quebec, Lithium Universe (ASX: LU7) is well-positioned to utilize the installing need for the battery metal. Quebec is quickly becoming a significant location for lithium production, setting the phase for Lithium Universe to possibly end up being a substantial manufacturer not simply in the North American market, however worldwide.
A vertically incorporated expedition and advancement business, Lithium Universe is led by the prominent Iggy Tan. Extensively considered as a pioneer in Australia’s lithium market, Tan led Galaxy Resources Limited (ASX: GXY), developing it as one of the nation’s leading lithium mining business. Dealing with an extremely knowledgeable group, Tan now intends to duplicate that success with Lithium Universe.
Tan is signed up with by a variety of well-regarded mining experts, consisting of leading technical professional Dr. Jingyuan Liu. Liu was accountable for managing the building and construction and commissioning of Galaxy Resources’ Mt Cattlin Spodumene task in addition to the world-renowned Jiangsu Lithium Carbonate Plant.
The group likewise consists of: Patrick Scallan, a skilled veteran with 25 years of management experience at the biggest lithium acid rock mine on the planet; Alex Hanly, who brings more than a years of experience in capital shipment and functional management for mining, oil & & gas, and production; Huy Nguyen, who assisted style and construct Mt Cattlin’s Spodumene plant; and Roger Pover, previous plant supervisor at Mt Cattlin.
Lithium Universe’s method for Apollo is basic: rapidly determine a resource and develop a producing mine to help with the business’s vertically incorporated mine-to-refinery vision. The business is likewise evaluating the possibility of developing a lithium processing center in the area to support operations at Apollo.
Covering over 240 square kilometres, the extremely potential Apollo Lithium Task makes up 466 claims and is related to a substantial geological dataset. Found in the Eeyou Istchee Baie-James Town in northwest Quebec, the home remains in the exact same greenstone belt as Patriot Battery Metals‘ (ASX: PMT, TSXV: PMET, OTCQX: PMETF) Corvette Lithium Task, which has a first resource of 109.2 million heaps at 1.42 percent lithium oxide. Apollo’s tenement plan includes 17 recognized pegmatite outcrops. Lithium Universe prepares to start drilling to determine targets in the really future.
Task Emphasizes:
- Task Geology: Apollo shows mineralisation normal of greenstone belts in the La Grande sub-province, with spodumene pegmatites hosted by mafic metavolcanic rocks and pegmatitic granite Vieux Comptoir. Home geology consists mostly of Mesoarchean and Neoarchean invasions.
- Strong Mineral Possible: Apollo lies 29 kilometres southeast of the Corvette Lithium Task and 28 kilometres East of Winsome Resources’ (ASX: WR1, FSE:4 XJM, OTCQB: WRSLF) Adina Task. It shows comparable mineralisation, magnetism and geology to the 2 jobs, both of which just recently returned exceptionally appealing outcomes:
- Corvette Lithium: 156 metres at 2.12 percent lithium oxide at CV5
- Adina: 107 metres at 1.34 percent lithium oxide from 2.3 metres
Management Group.
Iggy Tan– Non-executive Chair
Iggy Tan, a pioneer of the contemporary lithium market, was among the very first Australian mining executives to determine the substantial chance within the emerging lithium-ion battery sector when he led Galaxy Resources Limited. Tan is aiming to duplicate that success with Lithium Universe, having actually developed Galaxy’s Mt Cattlin Spodumene Task and the downstream Jiangsu Lithium Carbonate task. He likewise obtained the James Bay Spodumene Task in Canada and the Sal de Vida Salt Water Task in Argentina for Galaxy.
When Tan began at Galaxy, the business’s market capitalization was less than AU$ 10 million. It increased to AU$ 2.5 billion when the business combined with Orocobre Limited in August 2021. Tan’s previous experience dealing with lithium go back to the early 1990s when he quickly handled the Greenbushes Lithium Mine and commissioned the very first lithium carbonate plant for Gwalia Consolidated.
Tan has more than thirty years of chemical and mining experience and has actually worked as executive director for a variety of ASX-listed business. He holds a Master of Organization Administration from the University of Southern Cross, a Bachelor’s Degree from the University of Western Australia and is a graduate of the Australian Institute of Business Directors. He is presently CEO and handling director of Altech Batteries Limited.
Alex Hanly– President
Alex Hanly has more than ten years of experience in capital shipment and functional management for openly noted business within the mining, oil & & gas, and production markets in Australia and Africa. Over the last 3 years, Hanly held the function of president of ASX-listed gold business Polymetals Resources (ASX: POL). He was accountable for the effective IPO of the business, the functional management and the effective execution of the fast-track expedition method.
Hanly has a Bachelor of Mechanical Engineering and Master of Organization Administration specialising in international task management.
Gernot Abl– Executive Director
Gernot Abl was formerly a tactical handling director with huge experience in company management, operations and financial investment for a few of the fastest growing markets on the planet. After acquiring over 15 years of business experience, he led the only pure esports play noted on the ASX, Esports Magnate Limited. Abl has a tested background in company management and business instinct, at first from working as a management specialist for both Deloitte Consulting and Deloitte Corporate Financing in Perth and Melbourne.
Abl likewise led the restructure and turn-around of an economically distressed ASX-listed media business and presently holds directorships for a series of start-up business, using business advisory, task management and business settlement guidance to several organizations. He has a degree in law and commerce with honours in financing and accounting from the University of Western Australia.
Ross Cotton– Non-executive Director
Ross Cotton has more than 17 years of experience in the financial investment banking and natural deposit sectors. He brings substantial experience in both the funding and management of resource business worldwide, having actually worked throughout a vast array of products in Canada, Latin America, Europe and Australia. Cotton invested 6 years in stockbroking with a well-respected company in Western Australia and an additional 8 years in business advisory functions concentrating on the junior to mid-cap markets in Australia, the UK and Canada. He integrates extensive understanding of equity capital markets and method with hands-on experience in senior level business management.
Presently, Cotton functions as handling director of Balkan Mining and Minerals (ASX: BMM) a lithium explorer and designer concentrated on jobs in Canada and Central Europe and is a Non-executive Director of White Cliff Minerals (ASX: WCN).
Fadi Diab– Non-executive Director
Fadi Diab was the previous head of international payroll at Commonwealth Bank of Australia. There, he handled the international payroll group, who is accountable for 55,000 staff members throughout 15 nations. Diab is an accomplished senior executive acknowledged for leveraging strong group management and advancement to drive forward development.
He has a background in personnels, having actually held the function of executive personnel supervisor at the Commonwealth Bank, and presently runs a financier relations business.
Diab has Bachelor of Organization, Personnel Management, and Industrial Relations from the University of Western Sydney and a Master of Organization Management from University of Innovation Sydney.
Patrick Scallan– Board Consultant
Patrick Scallan’s comprehensive experience in the lithium market is an important addition to the LGX Board. With over 25 years of management experience at the first-rate Greenbushes Mine, he is a skilled veteran. Greenbushes is the biggest lithium acid rock mine worldwide and likewise hosts the highest-grade ore body on the planet. This makes Greenbushes a special abnormality, as no other lithium deposit around the world compares to it.
Scallon supervised the mine’s lots of growths, increasing yearly output from 200,000 in 1997 to 1,400,000 tpa today, and browsed many ownership modifications throughout his period. He is an expert in acid rock mining and spodumene focusing, with downstream relationships with significant spodumene converters worldwide.
Scallon is likewise extremely proficient in handling regional neighborhood relationships, having actually functioned as shire councillor for almost twenty years throughout his time at Greenbushes getting his Order of Australia Medal for his neighborhood and city government contribution. His previous functions consist of management positions at Capel and Eneabba Mineral Sands in Western Australia and Western Deep Levels Cash Cow in South Africa.
Dr. Jingyuan Liu– Non-executive director
Dr Jingyuan Liu is extensively considered as a leading technical professional in the lithium market. He formerly held the position of basic supervisor of advancement and innovations at Galaxy Resources, where he was accountable for managing the building and construction and commissioning of the Mt Cattlin Spodumene Task and the world-renowned Jiangsu Lithium Carbonate plant. Liu likewise played a crucial function in developing the circulation sheet for the Sal de Vida salt water task.
Following his deal with Galaxy, he has actually functioned as an unique consultant to different lithium carbonate and lithium hydroxide jobs worldwide, consisting of the Lithium Hydroxide Plant run by Tianqi in Kwinana, Western Australia.
Liu has more than thirty years’ experience in task management, procedure and devices style for minerals processing and in the chemicals, non-ferrous metals, iron & & steel and energy markets, both in Australian and globally. He was granted a PhD in chemical engineering from the University of Newcastle, Australia and has actually operated in senior chemical engineering functions with leading business such as Hatch Engineering and Metso Minerals in Australia and Malaysia.
He is presently primary innovation officer for Altech Batteries (ASX: ATC), establishing high capability silicon anode lithium-ion batteries.
Vincent John Fayad– Joint CFO/Secretary
Vincent John Fayad is a chartered accounting professional with over 40 years of experience in business financing, worldwide M&A, accounting and advisory-related services mostly carried out by mid-tier accounting company PKF. In 2016, he developed his own company, Vince Fayad & & Associates, to offer accounting and advisory services within Australia and overseas.
Over the last 25 years, Fayad has actually invested a substantial quantity of time encouraging on different deals, primarily associated to the mining and expedition markets and supplying accounting and business secretarial experience to mining expedition business.
Fayad is presently an executive director and joint business secretary of Astute Metals NL (ASX: ASE) and joint business secretary of Greenvale Energy (ASX: GRV). He is likewise a non-executive director of Nexon Asia Pacific, a telecom business, managed by personal equity group EQT.
Kurt Laney– Joint CFO/Secretary
Kurt Laney is a skilled chartered accounting professional specialising in the arrangement of advisory, consultancy, tax and business secretarial services. Laney is presently an associate director of Vince Fayad and Associates, where he offers accounting and tax services to high-net-worth people, household workplaces, big family-owned organizations and international entities.
Laney is likewise the joint business secretary and CFO of Greenvale Energy Ltd (ASX: GRV) and Astute Metals NL (ASX: ASE), in addition to numerous unlisted public business mostly focused within the tech and mining markets. He has actually formerly worked as the business secretary of Polymetals Resources (ASX: POL).
Justin Rivers– Head of Geology
Justin Rivers has higher than twenty years senior executive, technical and business experience in Africa, Australia, Asia, Arctic, Middle East, The United States And Canada and South America in the significant and junior area, with a specific concentrate on Iron Ore and Gold. He has a well-tenured tactical and tactical technique to the mining market with intimate business, company advancement and M&A experience in Tier-1, openly noted and personal equity environments.
Prior to signing up with Lithium Universe Limited, Rivers held the position of executive director and CEO of Mauritian domiciled personal equity business Convertible Resources, driving tactical advancement of its gold jobs in the Siguiri area of northeast Guinea. He has a Bachelor’s Degree (very first class honours) learning geology and ecological science from the University of Tasmania.
Terry Stark– Mining Consultant
Terry Stark was formerly handling director – resources department for Galaxy Resources (ASX: GXY), where he was accountable for all of Galaxy’s mineral resources properties such as expedition and mine operations. Stark supervised the Mt Cattlin building and construction and subsequent effective start-up. He likewise handled the Galaxy James Bay task and had an excellent relationship with the regional Cree Country.
A seasoned mining engineer, Stark holds a Bachelor of Applied Science specialising in mining engineering.
Huy Nguyen– Engineering Consultant
Huy Nguyen has actually been seconded from Mintrex to serve as Lithium Universe Limited’s engineering customer agent. Mintrex was the lead engineering business that created and built (together with DRA Worldwide) the Mt Cattlin Spodumene Plant.
Nguyen belonged to the building and construction guidance when Mt Cattlin was developed, so he is experienced with not just the style however likewise the building and construction procedure that provided a job on time and on budget plan.
Nguyen has a Bachelor of Mechanical Engineering from Curtin University, Master of Organization Administration and a member of Engineer Australia.
Roger Pover– Processing Consultant
Roger Pover was formerly the Mt Cattlin plant supervisor for Galaxy Resources (ASX: GXY). He belonged to the commissioning and launch group and ran the plant for several years. Pover likewise directed all optimisation adjustments made at Mt Cattlin.
Pover is a veteran in the lithium market, having actually started his profession at Greenbushes Lithium mine in the early 90s. He has a 45-year profession in the mining and chemical processing markets including mineral sands, alumina refining, lithium, iron ore, tantalum minerals and tin production.
Victoria Vargas – Director, Lithium Universe Holdings (Canada)
Victoria Vargas gives Lithium Universe (Holdings) more than 25 years of experience in the North American capital markets, with a substantial concentrate on the Canadian mineral sector. She started her profession at Kinross Gold Corporation and signed up with Alamos Gold in 2004. Throughout her period, she played an essential function in boosting financier direct exposure and assisting in the business’s shift from the TSX Endeavor to the TSX. Before signing up with Alamos Gold, Vargas worked for water Development, a Quebec-based business concentrated on supplying best-in-class innovations and services for the water and wastewater treatment market.