REPEAT – Tearlach Announces Appointment of New Chief Executive Officer and Director
December 08 2022 - 9:00AM
Tearlach Resources Limited (TSXV: TEA) (OTC: TELHF) (FRANKFURT:
V44) (“
Tearlach” or the
“
Company”) is pleased to announce the appointment
of Morgan Lekstrom as its new CEO and Director effective
immediately.
Mr. Lekstrom has 16 years of mining and industry
experience in progressively senior roles in executive management,
project management, operations, and engineering management. Prior
to joining Tearlach, he was President & CEO of Silver Hammer
Mining Corp. and a co-founder of a uranium company, Kraken Energy
Corp. Mr. Lekstrom has an established track record of delivering
successes across numerous projects, capital raises and defining of
strategic direction for multiple companies. He had senior technical
roles at Freeport McMoran’s Grasberg site in Indonesia and Rio
Tinto’s Oyu Tolgoi Project in Mongolia, and he co-led the design,
construction and commissioning of a new steel grinding media plant
for Arrium (Moly-cop) in Canada and Peru. He played an integral
role in the development and revival of Golden Star Resources’
Prestea underground mine in Ghana, West Africa. He has also
branched out into supply chain infrastructure development,
including construction, commissioning, development of asset
strategies, and engineering at the Port of Vancouver’s largest
grain Terminal, G3 Terminal Vancouver. He served as engineering
manager at Sabina Gold and Silver, where he was responsible for the
first phases of execution at the Back River Marine Laydown Project,
leading the project, engineering, and maintenance teams.
Charles Ross and Paul Chow, Directors, said, “We
are very pleased to welcome Morgan to Tearlach and look forward to
his energy and leadership. His depth of experience will be
invaluable as we continue to expand our portfolio and advance
exploration on our properties, building an industry-leading lithium
company.”
“The collaborative nature of the team as well as
the vision to move forward, is truly world-class. I look forward to
working with each member of the team and the Board to build
Tearlach into one of the leaders in the lithium space. Through the
team’s vision and ability to execute, we can run multiple
concurrent paths, including boots on the groundwork, acquisition,
and development of strategic partnerships. This will allow us to
accelerate and create value for our shareholders and our overall
corporate strategy.” commented new CEO Morgan Lekstrom.
The Company’s Board of Directors would like to
take this opportunity to thank Raymond Strafehl for his
contributions to Tearlach as CEO and look forward to his continued
service as a director of the Board. Ray plays an instrumental role
on our board and acquisition team in assessing and acquiring
projects for Tearlach.
About Tearlach
Tearlach is a Canadian exploration company
engaged in the acquisition, exploration, and development of lithium
projects. Tearlach owns the Final Frontier Project, which includes
the Pakwan / Margot Lake Claim block, which is directly contiguous
to Frontier Lithium’s Flagship Spark and Pag deposits, as well as
has options on the Wesley, Harth and Ferland properties, all
located in the lithium hub of northwestern Ontario, Canada. The
Wesley Property borders Green Energy Metals’ Root Lake Project,
where a 24,000 m drill program is currently underway. Pegmatite
dykes have also been encountered on the Harth Lithium Project,
which is 8 kms west of the Wesley Lithium Project. Prospecting and
mapping have also confirmed pegmatite dykes on the Ferland Lithium
Property, 10 km east of Green Technology Metals’ Seymour Lake
Project. Tearlach intends to explore these assets and develop a
portfolio of projects in the Americas through acquisition.
Tearlach’s primary objective is to position itself as the leading
lithium exploration and development company in the Americas.
Additional information on the Company is available at the website
at www.tearlach.ca.
ON BEHALF OF THE BOARD OF DIRECTORS,
TEARLACH RESOURCES LTD.
Charles RossChairman610 - 700 W. Pender
StreetVancouver, British Columbia, Canada V6C 1G8Tel:
778-228-2269
Forward-looking statements
This press release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities laws (collectively, “forward-looking
statements”). Statements and information that are not historical
facts are forward-looking statements. Forward-looking
statements are frequently, but not always, identified by words such
as “expects”, “anticipates”, “believes”, “intends”, “estimates”,
“potential”, “possible” and similar expressions or statements that
events, conditions or results “will”, “may”, “could” or “should”
occur or be achieved. Forward-looking statements and the
assumptions made in respect thereof involve known and unknown
risks, uncertainties and other factors beyond the Company’s
control. Forward-looking statements in this press release include
statements regarding the beliefs, plans, expectations or
intentions of the Company. Mineral exploration is highly
speculative and characterized by several significant risks, which
even a combination of careful evaluation, experience and knowledge
may not eliminate. Forward-looking statements in this press release
are made as of the date herein. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
statements in this press release are reasonable, undue reliance
should not be placed on such statements. The Company undertakes no
obligation to update publicly or otherwise revise any
forward-looking statements, whether as a result of new information
or future events or otherwise, except as may be required by
law.
Neither the TSX Venture Exchange nor its Regulation Service
provided (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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