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Powr Lithium Corp
Symbol POWR
Shares Issued 48,597,219
Close 2023-12-11 C$ 0.12
Market Cap C$ 5,831,666
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Powr Lithium appoints Chatterton as CEO, director

2023-12-12 19:06 ET - News Release

Mr. Matt Chatterton reports

POWR LITHIUM APPOINTS VETERAN PROCESS ENGINEER AS CEO

Powr Lithium Corp. has appointed Matt Chatterton as chief executive officer and member of the board of directors. The company further announces that Patrick Morris has resigned as chief executive officer.

Key takeaways:

  • Matt Chatterton, PEng, appointed as CEO and director of POWR Lithium;
  • New CEO has extensive process engineering and mine project execution experience.

With Powr's strategic planning solidly established, the company's goal is to establish firm guidance for the development of practical and economically viable mineral processing technologies in conjunction with plans to complete technical and economic studies of its flagship Halo lithium project pursuant to proposed future asset development and potential mining operations.

Mr. Chatterton brings over 20 years of experience in the development and execution of complex projects, including 12 years with the mining division of FLSmidth. His expertise includes mineral process development, project development and management, facility management, logistics controls, supply side processes, and procedures at a number of international manufacturing operations in Canada, China, Bulgaria, the Philippines and Israel. He has been actively involved in the public markets including management of IPO (initial public offering) processes and in transitioning businesses to post public listing operations. He has managed capital projects in excess of $35-million directly related to production facilities and laboratories for mining and manufacturing businesses. Mr. Chatterton is a professional engineer and graduate of Canada's Queens University with a bachelor's degree in engineering chemistry (2001) and a master's degree in chemical process engineering (2003).

Mr. Chatterton, as newly appointed CEO of Powr Lithium, notes: "I am delighted to have the opportunity to help advance Powr towards tangible results. I have been provided an excellent set of tools, assets and opportunities to work with. I believe the domestic lithium sector deserves smart solutions to ensure supply chain independence. We believe the demand for lithium is poised for an extended period of growth and its clear that national demand combined with justifiable concerns regarding foreign sources has added immediacy to deliver new lithium extraction and processing technologies to market as soon as possible. With this in mind, I look forward to overcoming the short-term challenges and in helping to do our part towards building value for the industry and our shareholders alike."

Powr Lithium's board and stakeholders wish to thank Mr. Morris for his dedication as outgoing CEO during the post-IPO transition period which required decisive leadership in the acquisition of the current asset portfolio, and for exceptional input into the development of the company's strategic plans for the proposed upcoming phases of development.

About Powr Lithium Corp.

Powr Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand. The company holds interests on the Halo and Eli properties in Nevada. The company is also focusing on the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner.

We seek Safe Harbor.

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