Lithium Remains in Record High Demand Based on Booming EV Revolution - Seite 3

Other recent developments in the mining industry include:

Martin Perez de Solay has been appointed as Orocobre Ltd.'s (TSX:ORL.TO) (OTCPK:OROCF) new chief executive officer and managing director after an extensive global search by recruitment specialist Egon Zehnder. Mr. Perez de Solay will commence in these roles following the upcoming annual general meeting and a transition period with the current managing director and chief executive officer. Orocobre chairman Robert Hubbard stated he was absolutely delighted with the appointment of Mr. Perez de Solay to the role: "Martin is a highly accomplished chief executive with the ideal blend of skills, experience and knowledge to lead Orocobre though the next stages of its development. "Martin's initial focus will be on the established strategy of optimizing the operating performance of the Olaroz joint venture and delivering the company's growth plans for the Olaroz stage 2 expansion and lithium hydroxide plant in Japan. Martin will be based in Argentina utilizing his extensive operational expertise and in-country knowledge for the maximum benefit of Orocobre shareholders," Mr. Hubbard commented.

Advantage Lithium Corp. (TSX-V:AAL.V) (OTCQX:AVLIF) has provided this update on the brine sampling of diamond core holes CAU20 and CAU21 in the Northwest sector of the Cauchari joint venture property located in the Jujuy province, Argentina. The exploration program is being managed by joint venture partner Advantage Lithium, which holds 75 per cent of Cauchari. Orocobre Ltd. owns 33.5 per cent of Advantage Lithium's issued capital and 25 per cent directly in the joint venture. President and chief executive officer David Sidoo commented: "These excellent results from our phase 3 systematic sampling program confirm the high quality of the NW sector brine with low Mg/Li and SO4/Li ratios and excellent aquifer extraction characteristics. Drilling continues to expand the area and depth of the brine, as our Cauchari project continues to develop as the next substantial lithium resource in the Cauchari-Olaroz basin beside LAC/Ganfeng and Orocobre. Drilling is ongoing in the NW and SE sectors as part of the program to upgrade the resource to measured and indicated status, with four drilling rigs on site."