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Highlights
- Loyal Lithium, an ASX-listed company with a 100%-owned resource portfolio in North America, has appointed its CEO Adam Ritchie as the Managing Director.
- Adam Ritchie has been welcomed to the board by Chairman Peretz Schapiro, who also praised Mr. Ritchie’s work as the company’s CEO.
- Ritchie intends to further grow the company’s hard-rock lithium portfolio while exploring the existing lithium assets.
Australia’s listed resource exploration company Loyal Lithium (ASX: LLI) has announced its CEO Adam Ritchie’s appointment as the company’s Managing Director.
A master’s degree holder in the engineering discipline, Mr. Ritchie brings to the table over two decades of experience in the resources sector. Notably, he previously worked as the Project Director at the Pilgangoora lithium mine (Pilbara Minerals’ (ASX:PLS) flagship project).
More about Adam Ritchie
Mr. Ritchie, in the words of LLI’s Chairman Peretz Schapiro, has a “clear vision” of the long-term future of the lithium-focused company. Mr. Schapiro has also said that Mr. Ritchie’s experience and deep knowledge of the lithium industry, besides his connections, thanks to his 20 years long work experience in the mining sector, would enable “timely moves”, which can add to shareholders’ value.
Mr. Ritchie has the requisite technical and commercial know-how of the lithium industry, and during his stint with Pilbara Minerals, he was deeply involved with the execution and other aspects of the flagship Pilgangoora Lithium Project. The commencement date of Mr. Ritchie’s role as Loyal Lithium’s Managing Director is mentioned as 27 February 2023 in the press release.
Image source: Company website
Loyal Lithium considering further opportunities
The company has a well-structured resource exploration program with interests in the US and Canada, located in Tier-1 jurisdictions. LLI’s 100%-owned Trieste Lithium Project (acquired in 2022) is located in the James Bay Region of Québec province of Canada. The 100%-owned Brisk Lithium Project is also located in the same region. The third, Scotty Lithium Project of LLI, is in Tier mining jurisdiction of Nevada state in the US.
The company is actively considering further acquisitions. “With Adam now holding the role of Managing Director, it ensures that we are reviewing many more opportunities than we may have otherwise come across, placing us in the best possible position to move forward on our strategy to find lithium assets that consider the entire supply chain in addition to just their resource potential,” said Loyal Lithium Chairman Peretz Schapiro.
© 2023 Krish Capital Pty. Ltd.
LLI shares traded at AU$0.360 midday on 28 February 2023.
