Ilika CEO appointed as Non-Executive Director of Bacanora Lithium

Article by: Amilia Stone 04/20/20 7:28 AM

Ilika plc (LON:IKA), a pioneer in solid-state battery technology, has today announced 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 (LON: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.”