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Bacanora Lithium announces appointment of Ilka chief executive officer as an independent non-executive director

Under Graeme Purdy's leadership, Ilika has grown to be one of the few independent global companies specialising in the design and manufacture of solid-state lithium ion batteries


Bacanora Lithium PLC (LON:BCN), a lithium exploration and development company, has announced the appointment of Graeme Purdy, chief executive officer of Ilika PLC (LON:IKA) as an independent non-executive director of the company with immediate effect.

In a statement, Bacanora noted that Purdy is a hands-on manager with over 25 years of global experience in the resources and battery industries.

READ: Bacanora continues to make progress at Sonora, slows engineering timetable

Under Purdy's leadership, Ilika has grown to be one of the few independent global companies specialising in the design and manufacture of solid-state lithium ion batteries,  it added.

As a result, the group said, Purdy is a recognised thought leader in the industry speaking regularly at trade and investor events.

Of additional relevance to Bacanora's current activities, it added, is his experience from his earlier international career with Shell, where he managed the design, construction and commissioning of large process engineering projects in remote locations, including Latin America.

Mark Hohnen, chairman of Bacanora, said:  "I am delighted that Graeme Purdy has agreed to join the board of Bacanora.  He brings with him a wealth of engineering and technical expertise from the battery industry, as well as experience in the UK capital markets via Ilika PLC.

“This appointment strengthens Bacanora's board further as the Company embarks on the next phase of its development, as it looks to finance and build its flagship asset, the Sonora Lithium Project, in Mexico."

Commenting on his appointment, Purdy added: "I am pleased to be joining Bacanora's board at this exciting time for the Company as it develops into a world-class lithium producer. I have been impressed by Bacanora's achievements, particularly more recently with the arrival of Ganfeng Lithium, the world's largest lithium metals producer, as a major shareholder and offtake partner, in conjunction with the Company's existing offtake partner Hanwa Corporation. I look forward to being part of the board and lending my support and expertise to further the Company's growth and ambitions."

Quick facts: Bacanora Lithium Ltd

Price: 21.25 GBX

Market: AIM
Market Cap: £47.38 m

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