LITHIUM STOCKS AND CHARTS

[TradingCharts]

Rate this translation

Dave Snydacker has just resigned. The founder and CEO of Lilac Solutions.
hashtag#chile, hashtag#argentina, hashtag#bolivia, hashtag#oscarvargasvillazon, February 25, 2024.
Raef Sully is the new boss. Lilac Solutions is developing a Direct Lithium Extraction technology, a method of extracting lithium from brines that has received a lot of publicity and but never worked on an industrial scale, has never been produced on a commercial scale.

Less so in the Kachi project that they currently share with Lake Resources in Argentina.

Dave Snydacker will remain with the honorary position of President of Lilac Solutions.

Raef Sully
Over the past eight years, Lilac has grown from a multinational technology company providing operational and engineering services to some of the world's largest lithium projects.

With Lilac's technology consistently outperforming the competition by a wide margin and proven in the field, and with a strong cash position following our Series C financing, now is an ideal time to appoint a new CEO to lead the next phase of Lilac's growth: signing commercial agreements. Partnerships and commercial-scale plant delivery.

The first time I met Raef Sully, I was interviewing for the position of COO at Lilac and immediately saw his potential to lead the company. That day, as we talked about the opportunities and challenges that lay ahead for Lilac, I naturally mentioned my desire to appoint a new CEO of his caliber in the coming years. Raef brings a warm leadership style with exceptional experience in mining, chemicals, and oil and gas.

This diverse set of experiences aligns with Lilac's ethos of innovation and multidisciplinary execution.

Raef and I shared this news with the Lilac team today and the excitement was palpable. As President and Chief Technology Officer, I will continue to support strategic conversations with Raef, the board of directors, and the executive team, and reassemble our technology and materials manufacturing teams under my direct leadership.

Amazingly, over the past two years, after declaring victory in technology development and successfully completing our first round of field pilots, the pace of innovation at Lilac has accelerated.

I'm excited to take this work to the next level and support Raef to achieve commercial production at scale.

Please join me in welcoming Raef Sully as CEO of the world's leading lithium extraction technology company.

Cheers, David Snydacker

https://www.linkedin.com/feed/