Lithium One Appoints New President and CEO; Continues Preparations for Major, Upcoming Work Programs
Vancouver, British Columbia, May 3, 2023 – Lithium One Metals Inc. (TSXV: LONE and FSE:H490) (the “Company” or “LONE“) is pleased to announce that Nav Dhaliwal has been appointed President, Chief Executive Officer and director of the Company, which is preparing for a multi-project work program across its portfolio in Canada’s emerging lithium districts.
Mr. Dhaliwal is an experienced mining executive, financier, and capital markets expert with a strong track record of value creation. He was the founding CEO of Bonterra Resources Inc., which made the award-winning Gladiator discovery in Quebec. Mr. Dhaliwal raised over $140M for Bonterra and played a key role in the company’s market cap growth from $10M to over $200M during the base of the gold market cycle. He has founded several other successful companies in the resource sector, including Gatling Exploration Inc. and Pacton Gold Inc. Mr. Dhaliwal is also the founder of the highly successful RSD Capital which invests in, and provides management and technical expertise to, public and pre-IPO companies. Mr. Dhaliwal has a large, international network of financial connections and has raised over $400M for companies since 2010.
Dominic Verdejo has resigned as President and Chief Executive Officer but will continue to act as a director of the Company.
About Lithium One
Lithium One Metals is a Canadian exploration company specializing in the acquisition and development of high-potential lithium properties in Ontario and Quebec. Our team of experienced geologists and prospectors are at the forefront of the search for the next generation of lithium deposits.
On behalf of Lithium One Metals Inc.
Nav Dhaliwal, Chief Executive Officer
For more information, please visit the Company's website at https://lithiumonemetals.com or contact:
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WARNING: The Company relies upon litigation protection for "forward-looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.