Lithium Ionic Welcomes David D’Onofrio to Board of Directors
03 September 2024 - 9:00PM
Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium
Ionic” or the “Company”) is pleased to announce the appointment of
David D’Onofrio to its Board of Directors, effective immediately.
Mr. D’Onofrio brings over 15 years of experience in corporate
finance and capital markets with a focus on growth industries,
specializing in the natural resource sector, which will be
instrumental as Lithium Ionic continues to advance its lithium
projects in Brazil's Lithium Valley.
David currently serves as the Chief Financial
Officer of PowerOne Capital Markets Limited, a diversified merchant
bank specializing in early-stage capital and advisory services for
emerging growth companies globally. Since joining PowerOne in 2009,
he has gained extensive expertise in guiding emerging companies
through capital acquisition, mergers and acquisitions, and business
management. Since inception in 2003, PowerOne has been involved in
over 500 transactions, totaling over $4 billion dollars.
Since 2008, David has been an active participant
in the lithium exploration and development industry as an early
investor, director, financier and/or advisor to several leading
lithium exploration and development companies, including Lithium
Americas Corp., Neo Lithium Corp., Nevada Lithium Resources Inc.,
and Lithium Ionic.
Blake Hylands, P.Geo., CEO of Lithium Ionic,
commented, “We are thrilled to welcome David D’Onofrio to our Board
of Directors. David has been a long-time supporter of Lithium
Ionic, and his extensive experience in the lithium sector, coupled
with his proven track record in corporate finance and capital
markets, will be invaluable to our team. His involvement in some of
the industry's most successful lithium ventures, including Lithium
Americas and Neo Lithium, provides him with unique insights that
will greatly enhance our efforts as we continue to advance our
projects in Brazil. David’s strategic vision and financial
expertise will undoubtedly strengthen our position as we work to
establish Lithium Ionic as a leading player in the global lithium
market.”
Lithium Ionic’s new Director, David D’Onofrio,
commented, “Lithium Ionic is developing lithium deposits of global
significance in the right place at the right time. I am very
pleased to have joined the Board and look forward to working with
the team to continue to advance these exciting projects.”
David holds a Chartered Professional Accountant
designation, a Master’s in Taxation from the University of
Waterloo, and is a graduate of the Schulich School of Business.
The Company also announces that Juliana Sprott
has stepped down from her role as a Director. The Board extends its
gratitude to Juliana for her valuable contributions and wishes her
the best in her future endeavors.
On behalf of the Board of Directors of
Lithium Ionic Corp.Blake HylandsChief Executive Officer,
Director
About Lithium Ionic Corp.
Lithium Ionic is a Canadian mining company
exploring and developing its lithium properties in Brazil. Its
Itinga group of properties, which hosts its flagship Bandeira
Lithium Project, as well as its Salinas group pf properties cover
~14,000 hectares in the northeastern part of Minas Gerais state, a
mining-friendly jurisdiction that is quickly emerging as a
world-class hard-rock lithium district. The Bandeira Project is
situated in the same region as CBL’s Cachoeira lithium mine, which
has produced lithium for +30 years, as well as Sigma Lithium
Corp.’s Grota do Cirilo project, which hosts the largest hard-rock
lithium deposit in the Americas.
Investor and Media
Inquiries:
+1 647.316.2500info@lithiumionic.com
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Forward-Looking Statements
This press release contains statements that
constitute “forward-statements.” Such forward looking statements
involve known and unknown risks, uncertainties and other factors
that may cause the Company’s actual results, performance or
achievements, or developments to differ materially from the
anticipated results, performance or achievements expressed or
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believes, in light of the experience of its officers and directors,
current conditions and expected future developments and other
factors that have been considered appropriate that the expectations
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forward-looking statements and information. By their nature,
forward-looking statements involve known and unknown risks,
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