June 22, 2017 / Vancouver, BC – NRG Metals Inc. (“NRG” or the “Company”) (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN), is pleased to announce the appointment of Mr. José de Castro to the board of directors, and to the role of Chief Operating Officer. Mr. de Castro will be responsible for leading the exploration and development of the company’s lithium assets in Argentina.
Mr. de Castro is a chemical engineer with extensive experience in the evaluation and development of Lithium projects. From 2010 to 2015, he was country manager of Orocobre Ltd. for Argentina, during which time he grew the company from 10 employees to over 800 during construction, and 200 in operation. His accomplishments during this period include the exploration and development of the $ U.S. 200 million Olaroz Salar lithium project to commercial production. In addition, he supervised the exploration of the Salinas Grandes salar, and was responsible for the development of a new process patent for lithium carbonate battery grade production. Prior to Orocobre, he served as Assistant Superintendent at the lithium division of FMC Corp, which operates South America’s largest lithium project at the Hombre Muerto salar. He holds an M.B.A. degree from the Institute for Executive Development, Antofagasta, Chile. He graduated as a chemical engineer from the University of Salta, Argentina, and graduated in the C.E.O. program at Kellog School in Northwestern University Chicago.
Mr. de Castro is quoted “I am very excited to join the board, and as Chief Operating Officer, lead the Company’s exploration and development of it’s exciting and growing portfolio of lithium projects in Argentina.”
Mr. Christopher Cherry is resigning his current board position, for re-appointment at the next Annual General Meeting, but remains as Chief Financial Officer.
On Behalf of the Board of Directors
President and Chief Executive Officer
NRG Metals Inc. is an exploration stage company focused on the advancement of lithium projects in Argentina. Company management are highly qualified in the exploration, development and production, of lithium brine projects. The Company holds a land package in the Hombre Muerto salar, known as the Hombre Muerto North Lithium Project. In addition, the Company is evaluating the 29,000 hectare Carachi Pampa Lithium Project in the province of Catamarca, which is in the final stage of drill permitting.
NRG Metals Inc. currently has 66,330,885 shares issued and outstanding, and trades on the TSX Venture Exchange under symbol NGZ, on the OTC QB Market under symbol NRGMF, and on the Frankfurt Stock Exchange under symbol OGPN.
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This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor.