– CANADA, Toronto – Arena Minerals Inc. (TSX-V:AN) today announced the appointment of Eduardo Morales to its Board of Directors, effective immediately.
Mr. Morales is a chemical engineer with 40 years of experience in project engineering, construction and start-up of lithium plants who formerly built and operated one of the world’s largest lithium operations. As President of Rockwood Lithium Latin America, he successfully led the development, commissioning and operation of Rockwood’s Salar de Atacama project. His tenure with Rockwood Lithium culminated with the company’s sale to Albemarle Corporation for US$6.2 billion in 2014. In 2016, Mr. Morales was appointed Chief Operating Officer of Lithium X Energy Corp. and focused on advancing the Sal de los Angeles lithium brine project, located in the Salta province of Argentina, until construction stage. Lithium X was acquired less than 2 years later by Nextview New Energy Lion Hong Kong Limited in a $265M transaction.
Will Randall, President and CEO of Arena Minerals commented: “We are very pleased to welcome Eduardo to our team. Having worked with Eduardo during his time with Lithium X, I am confident he will bring his extensive knowledge in processing and development to assist the Company strategically when it comes to evaluating potential acquisitions.”
Mr. Morales will be replacing Simon Marcotte on the Board of Directors. Mr. Marcotte will now transition to the operating team, acting as Director, Corporate Development. Mr. Marcotte has more than 20 years of experience in Capital Markets having held senior positions notably with CIBC World Markets, Cormark Securities, Alderon Iron Ore Corp., Belo Sun Mining Corp. and Mason Graphite Inc.
About Arena Minerals
Arena Minerals owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile. The projects are at low altitudes, within producing mining camps in infrastructure rich areas, located in the heart of Chile’s premier copper mining district. The technical and scientific aspects of this news release have been reviewed and approved by Mr. Vernon Arseneau, P.Geo, who is a qualified person pursuant to NI 43-101. As the Vice President of Exploration of the Company, Mr. Arseneau is not considered independent.
For more information, visit www.arenaminerals.com
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April 18, 2019