John Mitchell will join Genlith Inc. as President; assumes CEO role of subsidiary, Chilean Cobalt Corp.

Jul 25, 2018 3:54:03 PM

Philadelphia, PA – (July 25, 2018) – Genlith Inc., a holding company focused on clean energy, strategic materials, and infrastructure investments is pleased to announce that John Mitchell is joining the company as its new President. He will also assume the role of Chief Executive Officer of Chilean Cobalt Corp. (“C3”), a subsidiary of Genlith.

Mr. Mitchell joins Genlith after serving as President of Lithium for Albemarle Corporation (NYSE Ticker: ALB). Mr. Mitchell guided Albemarle’s lithium division to a global market leading position. Prior to Albemarle, Mr. Mitchell served as Rockwood Lithium’s North American President, Environmental Management Corporation’s President, and Senior Advisor to Linde’s business in Africa and South America.

“John Mitchell’s global experience in energy materials, water infrastructure, industrial gases, and energy align well with Genlith’s platform. His recent accomplishments at Rockwood and Albemarle are a testament to his industry expertise and leadership skills. We are delighted to have an executive of John’s caliber joining the organization and are extremely confident in his ability to drive value for both Genlith and Chilean Cobalt Corp.,” stated Greg Levinson, Chairman of Genlith.

Through its local operating subsidiary, Baltum Minería, C3 is developing two district-scale cobalt mining operations in northern Chile at La Cobaltera and Carrizal Alto. The development plan calls for a fast-tracked drilling and dimensioning program on high-grade past producing mines to provide a clear path to full-scale production. Mr. Mitchell joins a seasoned local geological and operating team at C3, which is led by Ignacio Moreno, the former Chilean Undersecretary of Mining.

“The decision to leave Albemarle’s Lithium business was difficult. I have deep respect for the organization and I’m proud of what we were able to accomplish together. The talented team at Genlith, coupled with a shared vision and an outstanding strategic asset at Chilean Cobalt Corp, made this a truly compelling opportunity. I look forward to building a world-class cobalt operation while working with my new team to deliver great results for Genlith investors,” said Mr. Mitchell.

For more information visit www.Genlith.com and www.ChileanCobaltCorp.com

Media Contact: Jeremy McCann, jmccann@genlith.com

Disclaimer for Forward-Looking Information

Cautionary Statement: This news release may include certain forward-looking statements, estimates and projections prepared with respect to, among other things, the historical and anticipated operating performance of companies discussed in this news release, access to capital markets, market conditions and the values of assets and liabilities. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual events to differ materially from the result expressed or implied by such forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "to", "plan", "expect", "believe", "anticipate", "intend", "could", "would", "estimate", or "continue", or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Such statements, estimates, and projections reflect various assumptions by Genlith Inc. and Chilean Cobalt Corp. concerning anticipated results that are inherently subject to significant economic, competitive, and other uncertainties and contingencies and may, as a result, prove to be inaccurate. Such statements, estimates, charts and projections have been included solely for illustrative purposes. No representations, express or implied, are made as to the accuracy or completeness of such statements, estimates or projections or with respect to any other materials herein and Genlith Inc. and Chilean Cobalt Corp. each disclaims any liability with respect thereto. Actual results may vary materially from the estimates and projected results contained herein. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The information contained in this news release may not contain all of the information required in order to evaluate the value of companies discussed in this news release.

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