– CANADA, AL / MEXICO – Bacanora Minerals Ltd. is pleased to announce the appointment of Kiran Morzaria as a non-executive director of the Company with immediate effect.
Mr. Kiran Caldas Morzaria (aged 40) holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from the City University London’s CASS Business School. He has 15 years of experience in the natural resource industry and has held the roles of Finance Director, Senior Independent Non-Executive Director, and Chairman of the Audit and Remuneration committees for both London AIM and LSE main board listed companies.
Kiran is the Chief Executive Officer of Rare Earth Minerals Plc (“REM”), which holds a 30 per cent. interest in both the Mexilit and Megalit subsidiaries, which hold the El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1, Buena Vista, San Gabriel and Megalit Concessions of the Company’s Sonora Lithium project in northern Mexico. REM is also one of Bacanora’s substantial shareholders.
Colin Orr-Ewing, Non-Executive Chairman, commented: “I have worked with Kiran in the past, and have always found him to be a strong addition to any company. Kiran’s relevant experience, commercial knowledge and technical training will be of significant importance to the Board as we progress our projects in northern Mexico.”
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