ULTHF - Henrik Lundin appointed to the Board of Directors of United Lithium | Benzinga
VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- United Lithium Corp. ("United" or the "Company") ((CSE: ULTH, OTC:ULTHF, FRA: 0UL)) announces that Mr. Henrik Lundin has been appointed to the Company's board of directors, effective immediately. Mr. Lundin has eighteen years of global experience in the natural resource sector and has held various executive and board roles with both private and public companies in the mining and oil and gas sectors.
Mr. Lundin has considerable global experience in both the technical and business sides of the natural resource sector. He previously served as Chairman of Gold Line Resources, a Fennoscandia focused gold exploration company and Advanced Reservoir Engineer at Aker BP ASA. Mr. Lundin also held the position of COO of TAG Oil Ltd and was responsible for the global operations of TAG Oil and led the farm-in/farm-out processes in Australia and New Zealand. Mr. Lundin is a Swedish citizen and has a B.Sc. Petroleum Engineering degree from the Colorado School of Mines in Golden, Colorado. He currently sits on the board of EMX Royalty Corp.
"I am thrilled to be joining the United team as a director," remarked Mr. Lundin. "Being based in Europe, I recognize the opportunity to develop local assets to help support the European Union's goal of achieving carbon neutrality. United's Swedish and Finnish projects are well positioned to take advantage of the various benefits becoming available for European projects to build out domestic supply chains. United's board, management team, and key shareholders have significant lithium experience, and I am excited to be involved in helping execute the Company's European strategy".
Scott Eldridge, United's President and CEO commented, "On behalf of the board, management team and shareholders, I am excited to welcome Mr. Lundin. His European know-how and experience will prove valuable as we continue to unlock value in Sweden and Finland. The Lundin family with its Swedish roots, has a long history of generating shareholders returns through the development of mining projects.''
The Company also announces that it has granted incentive stock options to Mr. Lundin to acquire an aggregate of 150,000 common shares in the capital of the Company at an exercise price of $0.40 (the "Options"), in accordance with its 10% rolling Incentive Stock Option Plan. The Options vest immediately upon grant and are ...