Nevada Lithium Resources Inc (CSE:NVLH, OTCQB:NVLHF) has announced the appointment of Gary Seabrooke to its board of directors.
The mineral exploration and development company said Seabrooke has developed resources and managed projects in Australia and Africa over a 35-year career, with expertise that encompasses a spectrum of skills including deep-hole drilling, mine management, and rail & road transport logistics.
"We are pleased to announce that Gary has joined our board of directors as a representative of Ramphastos Investments, founded and owned by Mr Marcel Boekhoorn, a new strategic shareholder that the Company reported to the market on June 20, 2023," Nevada Lithium Resources CEO Stephen Rentschler said in a statement.
"Gary has a wealth of expertise that will greatly assist in advancing Nevada Lithium’s Pre-Feasibility Study and re-commencement of the search for lithium brines at Bonnie Claire," Rentschler added.
Nevada Lithium Resources also noted that Seabrooke has broad experience with various methods of drilling in multiple rock types to extended depths, which is expected to facilitate the company’s ability to develop all forms of potential lithium resources that may exist at its Bonnie Claire project.
As well, the company announced that it will be amending certain warrants governed by a warrant indenture entered into with Olympia Trust Company effective November 30, 2021.
The warrants will be amended such that the exercise price will be revised from $0.75 to $0.25 per common share and the expiry date extended from November 30, 2023, to November 30, 2026.
Nevada Lithium Resources is a mineral exploration and development company focused on shareholder value creation through its core asset, the Bonnie Claire Lithium Project in Nevada, where it holds a 100% interest.
Contact Sean at sean@proactiveinvestors.com