TORONTO, July 26, 2023 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce that its name change approved by shareholders at the Company’s most recent annual and special meeting has officially taken place and that its ticker symbol on the TSX Venture Exchange (“TSXV”) has also been changed to “CLM”.
Mr. Quesnel Executive Chairman stated, “We are pleased with the shareholders’ approval of the company’s name change. Consolidated Lithium Metals is a name that reflects our primary focus as an organization: developing North America’s next lithium mine. Our four exploration-stage properties, located within the mining friendly district of Abitibi-Tmiscamingue, Quebec, Canada, are situated in close proximity to Sayona Mining’s North American Lithium mine, Canada’s largest operating lithium mine."
Rene Bharti, CEO, stated, “We are very proud to have secured the CLM ticker, which has a wonderful history with our Executive Chairman. Mr. Quesnel was instrumental in the building and sale of Consolidated Thompson Iron Ore. The Consolidated Lithium Metals team, recently strengthened with the addition of Mr. Quesnel as its Executive Chairman, is in a unique position to potentially become Canada’s next lithium producer. Indeed, having Quebec’s largest lithium mining claim position which largely surrounds Canada’s largest operating lithium mine, in addition to having started one of the largest lithium drill campaigns in Quebec history, we hope the new name will serve shareholders well. As our name indicates we plan on becoming a strategic consolidator of lithium assets, and taking advantage of the unique infrastructure we have in place with our partner North American Lithium.”
New Website & Corporate Deck
Consolidated Lithium Metals Inc. would also like to announce the launch of its new website, www.consolidatedlithium.com, where shareholders can also view the latest corporate presentation.
Investor Relations Engagement
In addition, the Company announces today that it has entered into an investor relations agreement with Wentworth Capital Markets Inc. (“Wentworth”) for assistance with its investor awareness marketing campaign.
Wentworth carries on the business of investor relations including assisting public companies in the promotion of corporate activities. Wentworth has agreed to, among other things, assist CLM in enhancing its visibility with potential investors through communications, liaising with writers and publishers, developing communication materials, and advising the Company generally with respect to its corporate development and the advancement of its interests for a monthly cost of C$10,000 (plus applicable taxes) for a one-year term commencing on the date on which the TSXV approves the engagement. Wentworth is an arm’s length party from the Company and principally operates out of Toronto, Ontario. As of the date of this press release, neither Wentworth nor any of its directors and officers own any interest, directly or indirectly, in the securities of the Company. The engagement of Wentworth is subject to approval of the TSXV.
About Consolidated Lithium Metals Inc.
Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (formerly known as Jourdan Resources Inc.) is a Canadian junior mining exploration with projects in Quebec. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s Quebec lithium mine.
For more information:
Rene Bharti, Chief Executive Officer and President
Email | info@consolidatedlithium.com
Phone | (416) 861-5800
Website |www.consolidatedlithium.com