Neo Lithium Corp. (CVE:NLC) (OTCQX:NTTHF) (FRA:NE2) has announced the appointment of Tang Honghui as an independent director of the company and the nominee of significant shareholder Contemporary Amperex Technology Co., Ltd (CATL).
"We are very pleased to welcome Mr Tang Honghui from CATL and believe that he will add considerable value as the Company transitions into full development of the 3Q Project. Mr Tang brings a wealth of knowledge in the lithium battery industry," commented Constantine Karayannopoulos, chairman of the board of Neo Lithium in a statement.
Tang is the vice president of Guangdong Brunp Recycling Technology Co., Ltd. - a subsidiary controlled by CATL - and oversees technology R&D and industrialization, production line design and engineering of new technologies and products.
READ: Neo Lithium closes its C$2.6M equity financing with Chinese investor CATL
"This is an exciting opportunity for me and CATL to get involved in a world-class lithium brine project. I am looking forward to working with this experienced team to develop the full potential of the 3Q Project," commented Tang.
During his career in Brunp, Tang has led several technology projects and received great recognition in China. In addition, he holds over 30 authorized patents, of which more than 10 are invention patents.
CATL has a board nomination right under the strategic investment and investors rights agreement signed with Neo Lithium which closed on December 16, 2020. CATL is a global leader in the development and manufacturing of lithium-ion batteries, with businesses covering R&D, manufacturing and sales in battery systems for new energy vehicles and energy storage systems. In 2020, CATL's EV battery consumption volume ranks No.1 in the world for four consecutive years, according to SNE Research.
Neo Lithium Corp. has quickly become a prominent new name in lithium brine development by virtue of its high-quality 3Q Project and experienced team. The company is rapidly advancing its 100% owned 3Q Project - a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle".
The 3Q Project is located in Catamarca Province, the largest lithium producing area in Argentina covering approximately 35,000 hectares (ha) including a salar complex of approximately 16,000 ha.
Contact the author at jon.hopkins@proactiveinvestors.com