New Energy Metals Announces the Appointment of Dr. Darryl Lindsay to the Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2019) - New Energy Metals Corp. (TSXV: ENRG) (OTC Pink: NEMCF) ("New Energy Metals" or the "Company") is pleased to announce the appointment of Dr. Darryl Lindsay to the board of directors of the Company. Dr. Lindsay replaces Stefan Schauss, who has resigned as a director. The Company wishes to thank Stefan Schauss for his contributions to the board.
Dr. Lindsay, P.Geo., has over 25 years experience in exploration, project development, and mine geology, focused on copper and gold deposits in Latin America, specifically in Chile, Ecuador and Colombia. Currently managing a metals business development initiative within SQM, he has negotiated and closed over 16 exploration option agreements over the last 4 years that have generated greenfields exploration efforts in an area over 5000 km2, incorporating areas of new discoveries. He participated in the negotiations of the first exploitation contract negotiated in Ecuador for the Mirador-Mirador Norte copper cluster and has moved several exploration projects from exploration stages to study stages. Dr. Lindsay is based out of Santiago, Chile and fluent in Spanish.
"I am extremely pleased to welcome Dr. Lindsay to the board of directors," commented Cesar Lopez, President and CEO. "Dr. Lindsay brings refined negotiation, solid technical skills and a long history of experience working on projects in Latin America, both of which will benefit New Energy Metals as we move forward."
"Although Chile has been considered a mature exploration market, Mr. Lopéz and the New Energy team, recognizing that historical exploration work focused only on specific deposit styles at limited depths, is moving forward today identifying exploration opportunities in known metallogenic belts where previous drilling was potentially too shallow, avoided covered areas, or projects have yet to be consolidated from local owners. It will be exciting to participate with New Energy as the company positions itself in the copper and energy metals exploration space in Chile." Quote from Darryl Lindsay.
About the Company
New Energy Metals is focused on the exploration and development of energy metals in Chile. The Company's assets include the Cristal copper project located in northern Chile and several prospective cobalt projects in Chile's past producing San Juan cobalt district.
On behalf of New Energy Metals Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the Company's expectation that it will be successful in enacting its business plans and acquiring properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Company's projects and otherwise, anticipated results from exploration activities, the Company's expectation that it will be able to obtain the necessary permits to exploit, develop, produce and export copper or cobalt, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, the ability of the Company to obtain sufficient financing to fund its business activities and plans, operating and technical difficulties in connection with mineral exploration and development and mine development activities for the Company's projects generally, actual results of exploration activities, the timing and amount of estimated future production, costs of production, capital expenditures, requirements for additional capital, future prices of precious metals, copper and lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants or processes to operate as anticipated, other risks of the mining industry, the inability to obtain any necessary governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risks and Uncertainties" in the Company's most recent management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.
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