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Clear Sky Lithium Corp
Symbol POWR
Shares Issued 21,043,041
Close 2022-09-23 C$ 0.49
Market Cap C$ 10,311,090
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Clear Sky appoints Depatie as head project adviser

2022-09-23 20:10 ET - News Release

Mr. Patrick Morris reports


Clear Sky Lithium Corp. has welcomed industry-acclaimed mine building expert Jean Depatie, BSc, MSc, as head adviser of project development and acquisitions.

Mr. Depatie is an expert around the world in mineral exploration and development, and mineral and mining corporate finance, including mergers and acquisitions. He is an economic geologist with a BA in math and physics, and holds both bachelor's and master's degrees in geology. He has enjoyed a distinguished international career spanning over 45 years of national and international experience in economic geology, having acted, directly or indirectly, as a consultant for organizations such as the United Nations, the World Bank, the Asian Development Bank, the Commonwealth Secretariat, the Quebec Ministry of Natural Resources and the Canadian International Development Agency.

In the mining industry, he was a director of Glamis Gold Ltd. (which sold to Goldcorp Inc., which eventually became a $21.3-billion (U.S.) market capitalization company), a director of Novicourt Inc. (acquired by Xtrata PLC) and a director of Consolidated Thomson Iron Mines Ltd. (acquired by Cliff Natural Resources Inc. in a $4.9-billion-plus acquisition transaction). Mr. Depatie has also served public companies at the highest levels in the acquisition of strategic, international mines. In addition to his role in the acquisition and reactivation of the Cobre San Juan base metal mine in Peru, he was involved in the discovery of the Louvicourt base metal mine and the development of the Beaufor gold mine in Quebec. In Quebec, he served as president and chief executive officer of Louvem Mines Inc. He staked the ground and initiated the drilling that led to the discovery by SOQUEM of the Seleine salt mine in the Magdalen Islands, Quebec. This mine is still in production today.

In 1990, Mr. Depatie received the prix d'excellence from the Quebec Ministry of Mines and Energy for having financed and put into production the Stratmin mine, believed to be the largest graphite mine in the world at the time. In 1991, he served as president of the Association Professionnelle des Geologues et des Geophysiciens du Quebec. In 2021, he was awarded the Hector-Authier prize by the Quebec Association of Mining Exploration for outstanding contribution to the development of mining entrepreneurship in Quebec.

Company chief executive officer Patrick Morris noted: "We are truly grateful to make today's announcement. Mr. Depatie brings a whole new level of expertise, knowledge, leadership and global recognition to our venture. He is a consummate professional, and we believe that with his contribution of advice and guidance, we can look forward to continued growth of the company and in creating value for its shareholders."

The company announces that it has granted 200,000 restricted share units to Mr. Depatie. Twenty per cent of the RSUs vest immediately, and 20 per cent of the RSUs vest on the dates that are six, 12, 18 and 24 months following the date of grant. The RSUs are subject to a statutory hold period of four months plus one day and may not be exercised until the company's RSU plan has received the approval of its shareholders.

Clear Sky advises the public that, as part of its disclosure obligations as a public issuer, all material and regulatory filings can be found on SEDAR. It also invites the public to visit its website and to sign up to its news alerts to be advised of future news releases and related company information. Please also ensure you watch the company's video, which is available on the company's website.

About Clear Sky Lithium Corp.

Clear Sky is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand. The company holds interests on the Halo and Eli properties in Nevada. The company is also focusing on the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner.

We seek Safe Harbor.

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