Ilika plc CEO appointed as NED of Bacanora Lithium plc (0762K)

TIDMIKA TIDMBCN

RNS Number : 0762K

Ilika plc

20 April 2020

Ilika plc

("Ilika" or the "Company")

CEO appointed as NED of Bacanora Lithium plc

Ilika (AIM: IKA), a pioneer in solid-state battery technology, is pleased to announce that Graeme Purdy, Ilika's Chief Executive Officer, in addition to his executive responsibilities at Ilika, has been appointed with immediate effect as a Non-Executive Director ("NED") to the board of Bacanora Lithium plc ("Bacanora") (AIM: BCN), a lithium exploration and development company.

Bacanora owns lithium assets in Mexico and Germany. It is currently focused on building, in collaboration with its major shareholders and offtake partners, Ganfeng Lithium and Hanwa Corporation, some of the world's largest lithium metals producers and lithium chemical traders, a 35,000 tonne per annum open pit lithium carbonate (Li2CO3) operation at its flagship asset, the Sonora Lithium Project in Mexico. The Sonora Lithium Project has 8.8 million tonnes of lithium carbonate equivalent resources, with an approximate 250-year resource life.

Ilika's CEO Graeme Purdy, stated: "As Ilika scales up its technology and moves from a development into a manufacturing phase, Ilika's board believes it is important Ilika has a detailed insight into the global lithium ion battery supply chain. Given the exciting developments at Ilika, I intend to limit myself to one NED role and we believe this NED position at Bacanora will offer important insights into the dynamics and relationships of the lithium market, ensuring the role benefits both companies."

 
For more information contact: 
 
 Ilika plc                                                 www.ilika.com 
Graeme Purdy, Chief Executive                            Via Walbrook PR 
Steve Boydell, Finance 
 Director 
 
Liberum Capital Limited                               Tel: [phone] 
Andrew Godber, Cameron 
 Duncan, William Hall, Nikhil 
 Varghese 
 
Walbrook PR Ltd                Tel: [phone] / [e-mail] 
Tom Cooper                                            Mob: [phone] 
Lianne Cawthorne                                      Mob: [phone] 
Nick Rome                                             Mob: [phone] 
 

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April 20, 2020 02:00 ET (06:00 GMT)