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- The New Board of Administrators need to guarantee all shareholders that your lengthy struggling is now over, and the brand new board of Scott Taylor, Pierre-Yves Tenn and Andrew Lyons has already began engaged on constructing shareholder worth and belief
- Creation and execution of an aggressive technical work program targeted on the corporate’s three critically essential lithium belongings
- Constructing each home and international partnerships to maximise shareholder returns
- Create enhanced market recognition of the Firm’s beneficial lithium belongings, together with a reputation change which has already been filed and can embody “lithium” its title
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VANCOUVER, British Columbia, Dec. 13, 2021 (GLOBE NEWSWIRE) — FAR Sources Ltd (CSE:FAT) (FSE:F0R) (OTC Pink:FRRSF) (www.farresources.com) (“FAR Sources” or the “Firm”). Within the largest shareholder vote turnout within the Firm’s historical past, with over 52% of shares in attendance, shareholders elected an alternate slate of director nominees put ahead by a bunch of involved shareholders. In a large present of assist for essential change, over 78 million shares or over 96% of the shares in attendance had been voted in favor of nominees Scott Taylor, Pierre-Yves Tenn and Andrew Lyons. In distinction, the previous Board’s nominees together with incumbents Mssrs Gammack and Dinning acquired nominal assist with beneath 4% of shares voted supporting their re-election. The corporate intends to file the audited vote outcomes from the AGM on SEDAR. Following the shareholders assembly the brand new board of administrators held their first Board assembly the place they appointed Mr. Scott Taylor to the function of President and Chief Govt Officer.
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Following his appointment as President and CEO Mr. Taylor acknowledged that the election of the brand new board of administrators was a watershed second for lengthy struggling shareholders. He pledged that shareholders will instantly see a change in habits by administration and the Board of the Firm.
Mr. Taylor went on to say, “As a shareholder, I used to be completely pissed off with the earlier Board’s full lack of progress. I’m assured within the new Board and within the plans that Pierre, Andrew and myself had laid out for the corporate in our proxy supplies. It’s now abundantly clear that the optimistic, worth targeted message resonated with the vast majority of shareholders. I’m extraordinarily happy to see the excessive voter turn-out and the overwhelming shareholder assist afforded the brand new Board and our plans for FAR.
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“I’m additionally happy to announce that we’ve filed for a reputation change for FAR and “Lithium” shall be mirrored within the Firm’s new title to bolster our dedication to be a number one home provider of this essential battery steel. We shall be re-branding and profiting from the hyper-demand within the EV market and intend to develop into a rising key participant throughout the North American strategic battery metals market. The Firm is hyper-focused in continued exploration and development on its three lithium properties, Zoro and Jean Lake positioned in Snow Lake, Manitoba, and Hidden Lakes within the Northwest Territories.
“My fast plans are to fulfill with our geologists Mark Fedikow and Lindsay Bottomer this week to find out a selected execution technique for Q1 of 2022. I anticipate we are going to instantly interact with our pleasant neighbors, Snow Lake Sources who just lately had a really profitable IPO on the Nasdaq (ticker: LITM) elevating $27.5USD Million @ $7.50 a share. FAR ’s Jean Lake spodumene and beryl lithium pegmatite dykes are located throughout the Thompson Brother’s Lithium Pattern and adjoining to the crustal scale Crowduck Bay Fault. We anticipate discovering mutually helpful synergies with Snow Lake Sources that can ship fast, economical growth of FAR’s beneficial lithium belongings. I’m privileged to have the chance to construct a beneficial lithium firm and enhance shareholder worth. Let’s get to work!”
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About Far
Far Sources is an vitality tech firm pushed to being one of many first North American Firms dedicated to supply top quality battery-grade lithium hydroxide domestically to gas the electrical automobile battery market. Given the significance and international concentrate on growing vitality decarbonization, particularly in the case of autos, The Firm is hyper-focused in continued exploration and development on its three lithium properties, Zoro and Jean Lake positioned in Snow Lake, Manitoba, and Hidden Lakes within the Northwest Territories. Far Sources additionally holds belongings in treasured commodities with its Winston Gold/Silver Undertaking in New Mexico, USA.
For Additional Data Please Contact:
Scott Taylor
President and CEO
Far Sources Ltd.
scott.taylor@farresources.com
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1 604 330-8067
The Canadian Securities Trade has neither accredited nor disapproved the contents of this information launch and accepts no accountability for the adequacy or accuracy hereof.
Ahead Trying Statements
This information launch could comprise forward-looking statements, which relate to future occasions or future efficiency, together with deliberate exploration, and replicate administration’s present expectations and assumptions. Such forward-looking statements replicate administration’s present beliefs and are primarily based on assumptions made by and knowledge at present out there to the corporate. Readers are cautioned that these forward-looking statements are neither guarantees nor ensures and are topic to dangers and uncertainties that will trigger future outcomes to vary materially from these anticipated. All of the forward-looking statements made on this information launch are certified by these cautionary statements and people in our steady disclosure filings out there on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the corporate doesn’t assume any obligation to replace or revise them to replicate new occasions or circumstances save as required beneath relevant securities laws. This information launch doesn’t represent a suggestion to promote securities and the corporate shouldn’t be soliciting a suggestion to purchase securities in any jurisdiction during which such provide, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of such jurisdiction.
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