New Delhi: Canadian mining major Snow Lake Lithium has announced the appointment of Philip Gross as company’s new CEO with immediate effect. Gross will succeed Louie Simens, who has resigned from his role as Chairman effective May 29, 2022.
Gross has more than two decades of experience in the resource and mining sector as an active investor and a hands on participant. He has worked extensively in both the physical and financial aspects of the sector and has extensive mining experience including as CEO of an OTC listed mid-tier gold producer.
He has previously worked for some of the largest global commodities supply chain management firms. His commodity repertoire ranges across the spectrum of metals, mining and agriculture with a heavy focus on project development and execution.
Simens served as the Chairman of Snow Lake’s Board of Directors from December 2020 and as a Director from November 2018. Currently, Simens serves as the Executive Director of Nova Minerals, a company focused on exploration in Alaska’s prolific Tintina Gold Belt for high grade gold deposits.
“On behalf of our Board of Directors and Snow Lake’s management team, we thank Louie for his service and commitment to the Company. I want to extend our sincere gratitude for Louie’s time and dedication throughout the Company’s IPO process and recent operational advances,” Philip Gross, CEO of Snow Lake said.
He further said the Snow Lake remains steadfast in its initiatives to become the first fully electric lithium mine and to continue to advance the company towards commercial production.
During the past five years as CIO of Temple Asset Management, Gross has been active in a variety of resource strategies working together with hedge funds and family wealth funds, including relating to gold mines in Brazil, iron ore in Chile, cocoa in Ecuador and cashews in Nigeria.
“Our recent drilling results continue to validate resource expansion of our Snow Lake LithiumTM property with high-grade results across multiple targets. We look forward to the continued expansion and definition of our identified resources,” he added.
Nova Minerals has been a long-term shareholder in Snow Lake Lithium and currently owns 6,600,000 common shares of the Company, or approximately 37% of the total outstanding common shares of the Company.
Snow Lake Lithium is committed to creating and operating a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon neutral and zero harm product to the electric vehicle and battery markets. The company’s wholly owned lithium project covers a 55,318-acre site that has only been 1% explored and contains an identified-to-date 11.1 million metric tonnes indicated and inferred resource at 1% Li2O.