Toronto, Ontario--(Newsfile Corp. - May 6, 2024) - IberAmerican Lithium Corp. (CBOE: IBER) (OTCQB: IBRLF) (FSE: W2C) ("IberAmerican" or the "Company") is pleased to announce the engagement of Ms. Hannah Badenach as the Senior Commodities Strategist for the Company.
Ms. Badenach is an experienced executive and company director with more than 20 years of experience in resources, supply chains, business development, commodity trading and marketing in global markets across Africa, Europe, Asia, South America and the Middle East. Ms. Badenach most recently served as Executive Director Metals & Mongolia for commodities trader Noble Resources Limited ("Noble"), where she held various strategic roles for 13 years, including management of several global ore and metals trading divisions and the establishment of Noble's Mongolian trading logistics and operations business. Ms. Badenach has extensive experience in Africa and China where she established multiple metal supply chains and extensive sales and marketing networks.
In connection with her role as the Senior Commodities Strategist for the Company, Ms. Badenach will be responsible for, among other things, establishing the Company's commodity marketing, offtake and supply chain strategy in connection with the Company's mineral properties, which assuming completion of the previously announced proposed business combination (the "Proposed Transaction") with Strategic Minerals Europe Corp. ("Strategic Minerals"), will include the Penouta Project located in the northwestern Spanish province of Ourense. As further detailed in the Company's press release dated April 29, 2024, upon completion of the Proposed Transaction and lifting of the provisional suspension, the Company plans to resume production of tin, tantalum, cassiterite and columbite concentrate at the Penouta Project.
Campbell Becher, Chief Executive Officer of IberAmerican said, "We are thrilled to see Ms. Badenach join the IberAmerican team where her extensive experience and skills will play a pivotal role in the development of a comprehensive commodity sales and offtake strategy to maximise returns for the Company."
About IberAmerican Lithium Corp.
IberAmerican Lithium Corp. is a hard-rock lithium exploration company focused on advancing its 100% owned Alberta II & Carlota Properties located in the Galicia region of northwestern Spain. IberAmerican Lithium's properties are located in a favorable lithium district with world class infrastructure and a supportive and proactive mining jurisdiction.
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including the completion of the Proposed Transaction, the decision regarding the provisional suspension and the Company's plans with respect to the resumption of production at the Penouta Project. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of IberAmerican to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks Factors" in the Company's Annual Information Form dated March 26, 2024, which is available for view on SEDAR+ at www.sedarplus.ca. These risks include but are not limited to, the risks associated with the mining and exploration industry, such as operational risks in development or capital expenditures, the uncertainty of projections relating to production, and any delays or changes in plans with respect to the exploitation of the site. Forward-looking statements contained herein, are made as of the date of this press release, and IberAmerican disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
