04/06/2021 | Press release | Distributed by Public on 04/06/2021 06:01
Vancouver, British Columbia - April 6, 2021 -OrganiMax Nutrient Corp. ('OrganiMax' or 'the Company') (TSX-V: KMAX / FSE: L3U / OTC: BNJRF) is pleased to welcome Darrell Podowski to the Board of Directors of the Company.
Darrell Podowski has over 28 years of international experience in the mining industry and is highly regarded as one of the top mining lawyers globally. Darrell was previously in-house corporate counsel to Teck Resources Limited, and is currently one of the key M&A lawyers for Antofagasta Minerals SA and Freeport-McMoRan Inc. for each of their respective worldwide project acquisitions and exploration projects. He currently is a partner with the national law firm Cassels Brock & Blackwell LLP, and previous to that, he was a lawyer at a number of other major law firms, including one off-shore. Darrell has acted for numerous junior, mid level and senior mining companies during his legal career. Prior to his legal career, he was an oil and gas exploration geophysicist with Amoco Canada Petroleum Company.
Brandon Rook, CEO commented, 'We are extremely pleased to have Darrell join the company at its infancy of growth. Darrell will assist and advise significantly as the Company looks to build out its Silver Valley, Idaho footprint from the company's well positioned, and highly prospective brownfield exploration project located next to Bunker Hill Mine on one side and the Page Mine on the other.'
Lastly, Organimax has granted an aggregate of 300,000 share purchase options with an exercise price of 25 cents per share and a term of five years. The new grant is subject to TSX Venture Exchange approval.
About OrganiMax Nutrient Corporation:
Silver Valley, Idaho Project:
Key investment highlights of the project include:
Despite the project being located between two prolific past producing mining properties, the project has remained unavailable for exploration and development over the past 80 years due to claim boundary issues between Bunker Hill Mining and ASARCO (Page mine), as well as the subsequent transfer of the property to the EPA and the closure of the area for mining in the late 1970's.
Lithium-Sulphate of Potash (SOP) project in Mexico:
OrganiMax Nutrient Corp has a 100%-owned lithium and potassium bearing salar complex of mineral concessions in the Central Mexican Plateau located in the states of Zacatecas, and San Luis Potosi. Regional geophysical work has indicated that the depths of the salar basins may be much greater than previously thought, making the salars highly prospective for large brine aquifers to be discovered at depth. The Company is targeting Sulfate of Potash (SOP) and Lithium Carbonate (LCE) and boron for both the domestic and international markets.
The Company has announced a maiden sediment mineral resource estimate (MRE) of both lithium and potassium at its three salars. Highlights include:
On behalf of the board of directors of OrganiMax Nutrient Corp.,
'Brandon Rook'
Brandon Rook, President and Chief Executive Officer.
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The information contained herein contains 'forward-looking statements' within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.'