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Ilika plc (IKA)

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Monday 20 April, 2020

Ilika plc

CEO appointed as NED of Bacanora Lithium plc

RNS Number : 0762K
Ilika plc
20 April 2020
 

Ilika plc

("Ilika" or the "Company")

 

CEO appointed as NED of Bacanora Lithium plc

 

Ilika (AIM: IKA), a pioneer in solid-state battery technology, is pleased to announce that Graeme Purdy, Ilika's Chief Executive Officer, in addition to his executive responsibilities at Ilika, has been appointed with immediate effect as a Non-Executive Director ("NED") to the board of Bacanora Lithium plc ("Bacanora") (AIM: BCN), a lithium exploration and development company.

 

Bacanora owns lithium assets in Mexico and Germany. It is currently focused on building, in collaboration with its major shareholders and offtake partners, Ganfeng Lithium and Hanwa Corporation, some of the world's largest lithium metals producers and lithium chemical traders, a 35,000 tonne per annum open pit lithium carbonate (Li2CO3) operation at its flagship asset, the Sonora Lithium Project in Mexico. The Sonora Lithium Project has 8.8 million tonnes of lithium carbonate equivalent resources, with an approximate 250-year resource life.

 

Ilika's CEO Graeme Purdy, stated: "As Ilika scales up its technology and moves from a development into a manufacturing phase, Ilika's board believes it is important Ilika has a detailed insight into the global lithium ion battery supply chain. Given the exciting developments at Ilika, I intend to limit myself to one NED role and we believe this NED position at Bacanora will offer important insights into the dynamics and relationships of the lithium market, ensuring the role benefits both companies."

 

 

For more information contact:

 

Ilika plc

 

 

www.ilika.com

Graeme Purdy, Chief Executive

Via Walbrook PR

Steve Boydell, Finance Director




Liberum Capital Limited

Tel: 020 3100 2000

Andrew Godber, Cameron Duncan, William Hall, Nikhil Varghese




Walbrook PR Ltd

Tel: 020 7933 8780 /  [email protected]

Tom Cooper

Mob: 0797 122 1972

Lianne Cawthorne

Mob: 07584 391 303

Nick Rome

Mob: 07748 325 236

 

 


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