American Lithium closes $15 Million Private Placement – Simon Clarke Appointed New CEO - Seite 2

Appointment of Simon Clarke as CEO
American Lithium is also pleased to announce the appointment of Simon Clarke as CEO of the Company with immediate effect. Simon Clarke will also continue to be a director of the Company.

Simon Clarke brings over 25 years experience in building companies and implementing successful capital markets and growth strategies focused in mining, energy, and energy technology. Most recently, Mr. Clarke was founder, CEO, and director of M2 Cobalt Corp. (cobalt / copper exploration in East Africa) and coordinated the sale of that company to Jervois Mining Ltd. in June 2019. He remained with Jervois post acquisition initially as a Director and then as EGM Corporate Affairs.

Mr Clarke brings significant experience and knowledge of the battery metals space and, in addition to day-to-day management of company wide operations, including in East Africa, his roles with M2 Cobalt and subsequently Jervois Mining involved managing government and stakeholder initiatives relating to the supply of battery metals in a number of jurisdictions. In particular, he has first-hand experience with the critical minerals’ initiatives in the United States and the urgent need to develop domestic / “friendly” sources of the supply of critical minerals, including battery grade lithium.

Mr Clarke was also a co-founder, executive and director of Osum Oil Sands Corp. (“Osum”) and, together with current American Lithium CEO, Michael Kobler, helped build a company valued in excess of US$1 billion at the peak of oil sands valuations. Osum built production to 20,000 bopd and was recently acquired by Watreous Energy Fund in a series of transactions valuing the Company at approximately $400 million, with the final phase due to close shortly, Mr Clarke remained a Board Observer at Osum until the conclusion of the main transaction. He holds an LLB and Diploma in Legal Practice from Aberdeen University, Scotland.

Andrew Bowering, CFO and Director of American Lithium stated, “We are very pleased to welcome Simon Clarke as CEO of American Lithium, he has been a key part of our team since joining as a Director in June of last year and we believe he is the right person to guide the Company through the next stage of its evolution. At the same time, I want to personally acknowledge Mike Kobler’s contributions in building American Lithium to what it is today and thank him for all his efforts as a founder and the CEO. I am pleased to report that he will remain a key part of the American Lithium team as General Manager of our US operations.”