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LEXI Upgraded to OTCQB Venture Market in the United States
BusinessWire
8:01 AM ET
Lithium Energi Exploration, Inc. (TSXV: LEXI) (OTCQB:
LXENF), a leading exploration company focused on the
acquisition, exploration, and development of lithium brine
assets in Argentina, is pleased to announce its approval for
trading on the OTCQB Venture Market in the United States,
effective October 31, 2023.
Within a
short period, LEXI has demonstrated significant operational
aptitude, particularly in the rollout of its lithium
exploration and drilling programs. This progress has
garnered attention and interest from various stakeholders,
affirming the Company's position as a key player in the
lithium sector.
The upgrade to the OTCQB
Venture Market will enable LEXI to tap into the U.S. capital
markets more efficiently. This transition is aligned with
the Company's strategic objectives and will provide an
avenue for increased liquidity and trading transparency,
thereby attracting a diversified range of U.S. investors.
"Given the innovative approaches we've
employed in our lithium extraction technologies and the
strategic importance of our assets, we've garnered
significant investor interest in Canada," said Ali Rahman,
CEO of Lithium Energi Exploration Inc. "Our transition to
the OTCQB Venture Market is a calculated move to offer
enhanced accessibility and liquidity to private and
institutional investors in the United States."
Lithium is an essential element in the
transition to renewable energy, particularly in energy
storage and the production of electric vehicles. From 2018
through May 2023, approximately $10.9 billion were invested
in lithium assets in Argentina, making it one of the
fastest-growing markets in the Lithium Triangle, a region
that contains approximately 56% of global lithium resources.
As the demand for these batteries continues to skyrocket,
LEXI is strategically positioned to capitalize on this
expanding market.
About Lithium Energi
LEXI
2d •
Chinese companies were ahead of the curve, recognizing the value of metals and minerals for future industries." Ali Rahman, LEXI's CEO shares insights on China's strategic investments on the JGI Policy Podcast with Leland Lazarus.
Check out the full podcast for a snapshot of global lithium demand and supply dynamics.
Listen 👇👇
Spotify: https://lnkd.in/e3WRtk48
Apple: https://lnkd.in/ewZEdq8H
Amazon: https://lnkd.in/eV9dAZ-S
#JGIPolicyPulse #FIU #RenewableEnergy #Geopolitics
https://www.linkedin.com/feed/update/urn:li:activity:7120191662521274368/
LEXI Announces Appointment of Jason Nalewanyj as Chief Financial Officer and Highlights Significant Company Progress
BusinessWire
10:17 AM ET
--New CFO Appointment: LEXI welcomes Mr. Jason Nalewanyj as its new Chief Financial Officer, bringing over 18 years of financial leadership.
--Antofalla South Geophysics: LEXI initiates a comprehensive geophysical exploration in its Antofalla South Project, marking a pivotal step towards lithium exploration.
--Antofalla North Project Advancements: LEXI successfully completed drilling its first two wells and is now mobilizing to commence the third, showcasing rapid progress.
Lithium Energi Exploration, Inc. (TSXV: LEXI), a leading exploration company focused on the acquisition, exploration, and development of lithium brine assets in Argentina, is thrilled to announce the appointment of Mr. Jason Nalewanyj as its new Chief Financial Officer.
Mr. Nalewanyj brings over 18 years of financial expertise, having held pivotal roles in capital market strategies, fundraising, M&A advisory, and go-public mandates. He has previously held senior finance positions at Aurora Cannabis Inc., where he played a significant role in Aurora's $3.2 billion merger with MedReleaf Corp. His extensive experience also includes strategic roles at Methanex Corporation, FTI Consulting Inc., and MNP LLP. Mr. Nalewanyj began his career in the audit and assurance practice at PricewaterhouseCoopers LLP, Canada. He is a Canadian Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Commerce degree from the University of Victoria.
"We are excited to welcome Jason to the LEXI family. His energy and proven track record in financial leadership will be instrumental as we continue our journey towards becoming a global leader in lithium production," said Ali Rahman, CEO of LEXI.
LEXI would like to extend its deepest gratitude to Mr. Chris Hobbs, our current CFO, for his unwavering dedication, hard work, and commitment to the company. His leadership and financial acumen have been instrumental in guiding LEXI through its formative years and setting it on a path of growth and success. We wish him all the best in his future endeavors and are confident that he will continue to make a significant impact wherever he goes.
"It has been an honor to serve as the CFO of LEXI and to be a part of its remarkable journey. I fully support the appointment of Jason Nalewanyj as the new CFO. His expertise and vision align perfectly with LEXI's growth trajectory. I am committed to ensuring a seamless transition and am confident that under Jason's financial leadership, LEXI will achieve new heights and continue its rapid growth in the lithium industry," said Mr. Chris Hobbs.
Having successfully drilled and completed the first two wells, the company is now gearing up to commence drilling on the third well within the Antofalla North project. LEXI's drilling will begin mobilizing towards the new site in LEA 5 this weekend and begin work on the drilling platform.
In addition to the appointment of Mr. Nalewanyj and completion of its second well in Antofalla North, LEXI is proud to highlight the completion of the initial profiles in its geophysical exploration campaign in its Antofalla South Project.
Under the auspices of Qualified Person, Murray Brooker, Geo Resource Ltda. ("GR") with a team of 8 professionals, including geologists and geophysicists, is conducting the Phase 1 campaign utilizing Magnetotelluric (MT) and Transient Electromagnetic (TEM) geophysical measurements in LEXI's nearly 4,000 hectare LEA 26 property.
Nine separate profiles, totaling over 7.5 kilometers, were surveyed during the initial ten days of fieldwork. Preliminary results show important and significant conductive anomalies within the explored areas of LEA 26. Now, the Company and GR will spend several weeks compiling and analyzing the data into geological and hydrogeological representations.
Phase 2 of the geophysics is scheduled to kick off at the end of September and will consist of additional MT and TEM surveys in over 20 separate profiles, totaling over 16 kilometers of the southern section of LEA 26. The objective will be to identify and characterize the best sectors for a drilling campaign to understand the hydrogeological dynamics of the LEA 26 property.
"LEXI's momentum is palpable. With the successful drilling and completion of our first two wells in Antofalla North and the samples currently under analysis, we are on the cusp of a new era for our company," added Rahman. "Our team, strengthened by the addition of Jason, is more equipped than ever to lead the charge in responsible lithium extraction, ensuring a brighter, more sustainable future for all and creating significant value for our shareholders."
Option Grant
LEXI's board of directors has granted certain directors and officers of the Company options to purchase up to 400,000 common shares with a term of three years and an exercise price equal to $0.14 per share.
Can't decide.....
Rebecca Paisley, Ph.D (She/Her)
Senior Geochemist at WSP | Board Director | Supporting companies to accelerate responsible lithium exploration and extraction
Non Executive Director
LEXI · Freelance
May 2023 - Present · 4 mos
https://www.linkedin.com/in/rebeccapaisley91/
Excited to say that I'll be back at #FullyChargedLive for the third time, this time in Vancouver! Thanks to the team for inviting me back for another panel session on batteries.
LEXI
506 followers
9h •
As we commence our second well and swiftly pass the 200m mark, it's clear that our vision, combined with the region's lithium wealth and our team's operational excellence, is setting the pace for the energy transition.
The future of energy is being shaped beneath our feet, and LEXI is poised to charge ahead with its second well underway in Antofalla North.
Lithium Energy has strengthened its Argentinian management team with the appointment of highly experienced operations executive Raúl Di Lena as General Manager of Solaroz S.A.
https://stockhead.com.au/resources/lithium-energys-new-general-manager-will-lead-solaroz-development-activities-in-argentina/
LEXI
295 followers 3h • Edited •
We are excited to announce that we've secured our new headquarters in Catamarca, Argentina ????. This space will soon be the heart of our current operations and future projects. It's here where our dedicated team and partners will work together to produce the lithium needed to actually build the green economy.
No need to hold this until 2028.
Mark
8 March, 2023
Bullish
Selling part of the company is not an ideal outcome , arena minerals sold some of their company and then gave it away for peanuts to lac . Need to sell the whole company! For 3-5 bucks a share then it’s happy time .
They sent the old CEO, out the door, it is part of the settlement.
https://finance.yahoo.com/news/lexi-announces-upcoming-shareholder-meeting-213000500.html
Ali Rahman
• Following
CEO, Lithium Energi Exploration Inc. (LEXI.V); CEO, Triangle Lithium; Director - Business Strategy & Development, Global Oil Management GroupCEO, Lithium Energi Exploration Inc. (LEXI.V); CEO, Triangle Lithium; Director - Business Strategy & Development, Global Oil Management Group
17h • 17 hours ago
I’m happy to share that I’m starting a new position as Chief Executive Officer at Lithium Energi Exploration Inc!
Lithium Energi Exploration Inc. (LEXI) is a green energy company focused on acquiring, exploring, and developing lithium brine assets in Argentina. Headquartered in Toronto, Ontario with offices in Miami, FL, New York City and Catamarca, Argentina, the Company’s shares are listed on the TSX Venture Exchange (TSXV:LEXI) and the Frankfurt Exchange (FR:LO9). LEXI’s portfolio of lithium brine concessions are located in the Argentina Province of Catamarca, situated at the southern end of the world-renowned Lithium Triangle. The land portfolio includes approximately 57,000 hectares and a 20% interest in Triangle Lithium Argentina, S.A., which owns an additional 15,000 hectares.
Option Grant
LEXI's board of directors has granted certain directors and officers of the Company options to purchase up to 4,000,000 common shares with a term of three years and an exercise price equal to $0.20 per share.
Early Warning Matters
Arena.
Arena acquired 30,000,000 common shares of LEXI and 37,166,666 share purchase warrants pursuant to the Transactions. After the Closing of the Transactions, Arena now beneficially owns or controls 30,064,500 common shares representing approximately 20.1% of LEXI's issued and outstanding common shares on a non-diluted basis and 37% on a partially diluted basis, assuming the exercise of all warrants held by Arena.
Prior to the Transactions, Arena beneficially owned or controlled 64,500 common shares of LEXI.
The common shares were acquired by Arena for investment purposes. Arena has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
A copy of Arena's early warning report will appear on the Company's profile on SEDAR.
LMFAO, the MM's are by passing my .145 bid and filled my .1405 bid first to help "SHORTY"?
Keep filling my lower bids see if I care.
CUT THE PRICE?
Looking foward to it, welcome to the board Laster.
Thanks for the date, I knew it was this week, but I could not find it.
I am still playing with shorty
Status Action Quantity
Open Sell
5000
LXENF
Limit
0.22
--
07 14 23
--
Open: Part. Filled Buy
6200
LXENF
Limit
0.145
--
03 15 23
--
Filled Buy 300 LXENF Limit 0.145 -- -- 13:22:59 03/15/23
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