Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt OGPQ) is updating its leadership roster and adding a new director to lead the company.
On Thursday, the lithium miner announced the appointment of Gordon Neal effective October 6.
“We are thrilled to welcome Gordon Neal to the Board of Directors. Mr. Neal has extensive experience in the mining industry and in particular, Latin America,” said the company in a statement. “His experience with project funding, and mergers and acquisitions will be a great asset to Lithium South.”
Gordon Neal earned his Bachelor of Science degree from Dalhousie University in 1978. Starting in December 2021, he has held the role of CEO and director at Tincorp Metals Inc. (OTCMKTS: TINFF). Under this role, he oversees various facets of the company, including exploration and development programs, capital markets, environmental and social responsibility initiatives, corporate development efforts and team-building endeavours.
Neal’s primary focus revolves around growing assets, fortifying the company’s foundational structure and increasing overall value.
Before his tenure at Tincorp Metals Neal held several noteworthy positions. From 2017 to 2021, he served as the President of New Pacific Metals Corp. (TSE: NUAG). In the period from 2016 to 2017, he assumed the role of Vice President of Corporate Development at Silvercorp Metals Inc. (NYSEAMERICAN: SVM) Additionally, from 2004 to 2013, he held the position of Vice President of Corporate Development at MAG Silver Corp. (NYSEAMERICAN: MAG).
Neal has been elected to positions such as President of the Dalhousie University Student Union, the Dalhousie Board of Governors and the Dalhousie Senate. He also serves as the chair of the Viola Desmond Chair in Social Justice at Cape Breton University.
Gordon Neal joins Board of Directors. His extensive Latin America mining industry experience and experience with project funding, and M&A acquisitions will be a great asset to #Lithium South.
Details: https://t.co/8HQQ4qxtBK#LIS $LISMF $OROCF $TSLA $ALLI $APHLF #argentina pic.twitter.com/pTfaycQOFo
— Lithium South Development Corporation (@LithiumSouth) October 12, 2023
Last September, Lithium South started drilling a series of new wells at its flagship lithium operation in Argentina’s Salta province following a 175 per cent expansion of its lithium brine resources at the site.
The company is completing the construction of a pilot plant at the site to test lithium evaporation characteristics and has only drilled 75 per cent of the project area on the Salar del Hombre Muerto salt flat.
The company has a market capitalization of $43.2 million, 97 million issued and outstanding shares, no outstanding debt and $4.6 million in cash (as of June 30).
Company stock went down on Thursday by 3.95 per cent to $0.36 on the Canadian Ventures Exchange.
Lithium South Development Corporation is a sponsor of Mugglehead News Coverage
