LiTHIUM X is a lithium resource explorer and developer with a focus on becoming a low-cost supplier for the burgeoning lithium battery industry.
Its Sal de los Angeles project is situated in the prolific “Lithium Triangle” in Salta Province, Argentina. The project is comprised on 8,156 hectares covering the nucleus of Salar de Diablillos with approximately C$19 million having been invested in the property by previous operators, including $16.2 million in work completed at Sal de los Angeles between 2010 to 2015. It contains high grade brine with a a NI 43-101 Mineral Resource Estimate of 1,037,000 tonnes of lithium carbonate equivalent of Indicated, and 1,007,000 tonnes of lithium carbonate equivalent in Inferred category.
LiTHIUM X is also exploring the district-scale 33,846 hectares Arizaro project located in one of the world’s largest and least explored salars thought to contain elevated lithium brine values. LiTHIUM X believes there is the potential to increase and enhance brine processing at Sal de Los Angeles, Lithium X’s flagship project, by combining with brine products from Arizaro. The entire salar is staked with other current land holders in Arizaro including Eramet, Sentient and REMSA (Salta Government).
Furthermore, LiTHIUM X has the largest land package in Clayton Valley, Nevada covering over 15,040 acres between its Clayton Valley North project and Clayton Valley South extension. Both land packages are contiguous to the only producing lithium operation in North America – Silver Peak, owned and operated by Albemarle, the world’s largest lithium producers.
LiTHIUM X is listed on the TSX Venture Exchange under the symbol LIX.V.
Mr. Matysek is a corporate entrepreneur with over 30 years of experience in the mining industry. He is currently Executive Chairman of Lithium X Energy Corp. and has previously held senior executive and director positions with several natural resource exploration and development companies and is a proven company builder.
Mr. Matysek was recently President and CEO of Goldrock Mines Corp., focused on The Lindero Project in the Argentinian puna, which sold to Fortuna Silver Mines for $178M in July 2016. In the lithium sector, Mr. Matysek was previously President and CEO of Lithium One Inc., whose world class lithium development project was in northern Argentina. In July 2012, Lithium One merged with Galaxy Resources of Australia via $112M plan of arrangement to create an integrated lithium company. Prior to Lithium One, Mr. Matysek was the President and CEO of Potash One Inc. where he was the architect of the $434 million friendly takeover of Potash One by K+S Ag, which closed in early 2011. Prior to founding Potash One, Mr. Matysek was the founder, President and CEO of Energy Metals Corporation (“EMC”), a premier uranium company traded on the New York and Toronto Stock Exchanges. Mr. Matysek led EMC as one of the fastest growing Canadian companies in recent years, increasing its market capitalization from $10 million in 2004 to approximately $1.8 billion when acquired by a larger uranium producer in 2007.
Mr. Paes-Braga, CIM, is founder and CEO of LiTHIUM X. Brian has spent almost a decade in the international financial sector working with firms ranging in services from underwriting, mergers and acquisitions, asset management, venture capital and private equity. He has held various positions focused on deal origination and capital raising including VP of Retail Sales of a Canadian Broker Dealer as well as Managing Director of a Boutique Merchant Bank. Brian advises and invests in real estate along with many public and private companies across multiple industries, where he is able to apply his passion for entrepreneurship and depth of experience in venture capital. Brian is also an Advisory Counsel member for the International Crisis Group and a Board Member of Community First Foundation, which focuses on childhood hunger in the Vancouver, Canada area through its program Backpack Buddies.
Mr. Morales is a chemical engineer with 36 years of experience who formerly built and operated one of the world’s largest lithium brine 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 ended with the company’s sale to Albemarle Corporation for US$6.2 billion in 2014.
Mr. Morales previously served as General Manager overseeing construction and operations of both the ponding facilities at Salar de Atacama and lithium carbonate and lithium chloride plants in Antofagasta, Chile. He holds a Chemical Engineering degree from the University of Santiago, Chile.
Mr. Barrientos, a chemical engineer, was the Engineering & Research Superintendent of Rockwood Lithium in Chile until 2012 when he moved to BHP’s Escondida, the world’s largest copper mine. He also helped develop expansion and improvement projects including operational plants for lithium carbonate, lithium chloride and the study of new technologies for the production of lithiumhydroxide.
Mr. Randall is a professional geologist and qualified person (“QP”) with extensive exploration experience in the lithium industry. For almost a decade Mr. Randall has led numerous exploration programs, including drill campaigns in Nevada’s Clayton Valley and high-altitude salars throughout South America. Mr. Randall was raised in Argentina, educated in Canada and is fluent in both English and Spanish. He will be VP of Project Development for the company on Clayton Valley exploration programs and instrumental in finding, analyzing and conducting due diligence on other assets.
Mr. Kriznic, CPA/CA, is currently the CFO of RIWI Corp., a technology company trading on the Canadian Securities Exchange. Prior to this he was the Executive Vice-President and CFO of an investment company that holds various investments in education, commercial real estate, senior care homes and public storage. Dan has been instrumental in building and exiting companies from start-ups to those in excess of $500 million in net asset value. Previously he was a Senior Manager at Deloitte responsible for advising both public and privately held companies for a period of 10 years. He has served on the boards of public, private and non-profit organizations in the education, mining, and oil and gas sector. In 2003 he was admitted as a member of the Institute of Chartered Accountants of British Columbia.
Fiore Management and Advisory Corp (lead by Gord Keep and Frank Giustra) is an advisory company responsible for equity financings, corporate structures in creation of new natural resource companies and public company administration.
Mr. Pokrandt served as Managing Director of Macquarie Capital Markets Canada Ltd. from September 1985 to August 2015. Mr. Pokrandt served as Managing Director for a major international investment banking firm, leading its Metals &Mining Group at its Vancouver office. He was previously involved with resource-focused investment bank boutique Orion Securities Inc., where he worked in Institutional Sales for over 20 years. He worked on numerous financing and advisory
Mr. McLeod is the President and CEO of IDM Mining Ltd., advancing the Red Mountain gold deposit in British Columbia. Previously, he was founder and VP Exploration of Underworld Resources. Kinross Gold Corporation acquired Underworld for $140M after an initial resource estimate of over 1.4Moz gold at the White gold Deposit in the Yukon. He is a highly technical, creative and innovative exploration geologist. He has over twenty-two years’ experience in mining and mineral exploration, working for a variety of major and junior mining companies. Mr. McLeod’s exploration strategy is a multi-tiered approach, including: conceptual geologic ideas with prospecting, early-stage project advancement focusing on discovery, and advancing mid-stage projects towards feasibility. As an exploration geologist and project manager at Miramar’s Hope Bay project, Mr. McLeod was part of the team that discovered the Naartok deposit, as well as expanding and delineating the Boston and Doris deposits. He was previously Vice-President of Exploration for Atna Resources and is currently a director of Redstar Gold Corp., Independence Gold Corp and Gold Standard Ventures. He is graduate of Geology from the University of British Columbia, with a M.Sc. in Mineral Exploration from Queens University. He is a member of AMEBC as a Professional Geologist, and is an active member and volunteer in multiple industry and geological societies. Mr. McLeod is a member of Doug Casey’s ‘NEXTEN’ list of young mineral explorers and executives.
Ms. Ashby is a serial entrepreneur, independent corporate director, author and the Founder of the Denver Gold Group, an international trade association for the mining industry which she ran from 1988 to 2005. Ms. Ashby is currently an executive business consultant, gold expert and financial coach. From 2005 through 2013, she was Chief Executive Officer and owner of MINE LLC , a Colorado limited liability company organized to promote natural resource, oil & gas and clean tech companies to the investment community through private investor forums globally. In that capacity, she developed marketed and organized private forums for investors, bankers, and resource company executives. She also founded Dani’s Foundation, a non-profit 501-c-3 organization in 1999 in memory of her daughter. Under Ms. Ashby’s leadership from 1999 to 2014, Dani’s Foundation raised and distributed over $1M for pediatric cancer research which resulted in more than two clinical trials in the US for Ewing’s Sarcoma. From 1987 to 1995, Ms. Ashby was a stockbroker and mining analyst in Denver, Colorado.
Joseph A. Carrabba joined Lithium X Energy Corp’s board of Directors in December 2016. Mr. Carrabba is the retired Chairman, President and Chief Executive Officer of Cliffs Natural Resources (formerly Cleveland-Cliffs Inc.). Prior to joining Cleveland-Cliffs in 2005, Mr. Carrabba held various senior operating positions with Rio Tinto PLC, including President and Chief Operating Officer of Diavik Diamond Mines. Mr. Carrabba is a Director of KeyCorp, Aecon, TimkenSteel and NioCorp Developments Ltd. (a TSX:V listed company) and CEO of Irati Energy Corp, a private mining company based in Brazil.
Mr. Gleeson is a lawyer with 15 years of transaction experience, predominantly focused on earlier stage development projects in the natural resource space. He has served on the board of multiple natural resource companies, both private and public. He received a J.D. and M.A. in International Relations from the University of Toronto.