Cornish Lithium has appointed Adam Howard and John Raymond to the board as non-executive directors.
Following the announcement of Cornish Lithium’s fundraising in August, Howard and Raymond will join the board of directors as representatives of the UK Infrastructure Bank (UKIB) and The Energy and Minerals Group (EMG) respectively.
Cornish Lithium also announced that Derek Linfield will step down from the board with effect from November 30. Over the past seven years Linfield has played a major role in developing the company and was instrumental in negotiating and structuring Cornish Lithium’s mineral rights portfolio.
Chairman Ian Cockerill said: “Firstly, I would like to thank Derek Linfield for his work initially as chairman and latterly as a non-executive director on the Cornish Lithium board. Derek was instrumental in the early years of Cornish Lithium working with Jeremy Wrathall to structure the key mineral rights agreements that have proved key to the company’s success over the last seven years. I look forward to continued engagement with Derek as a significant shareholder of the company.”
He added: “I am pleased to welcome Adam Howard and John Raymond to our board as representatives of our new shareholders following the landmark investment package secured by Cornish Lithium in August. The board will benefit from their significant experience of both the minerals sector and capital markets, and I look forward to working with them as we develop our exciting portfolio of projects to create value for our stakeholders.”
Howard is a director of banking and investments at UKIB, responsible for leading energy and infrastructure transactions in support of the bank’s twin mission to tackle climate change and support regional and local economic growth. Prior to joining UKIB he spent over 15 years working in the energy and infrastructure sectors at EBRD, ING Barings and Lloyds Bank, with a focus on direct equity and capital markets.
Raymond, meanwhile, is a co-founder and co-CEO of EMG, a leading diversified natural resources-focused private equity firm. He is responsible for directing strategic and investment activities of EMG and managing its investment portfolio and day-to-day activities with EMG’s co-founder and co-CEO John Calvert. Prior to founding EMG in 2006, he served in a number of senior executive management roles within the energy sector over a period of 14 years.