Cornish Lithium, the pioneering mineral exploration and development company, is pleased to announce the appointment of Adam Howard and John Raymond to the Board as Non-Executive Directors. Following the announcement of Cornish Lithium’s landmark fundraising in August this year, Adam and John will join the Board of Directors as representatives of the UK Infrastructure Bank and The Energy and Minerals Group respectively.
Cornish Lithium also announces that Derek Linfield will step down from the Board with effect from 30th November 2023. Derek played a major role in developing the company from August 2016 and was instrumental in negotiating and structuring the company’s mineral rights portfolio. He also played a major role in arranging the company’s initial funding and crowd funding rounds. The Company is grateful to Derek for his contribution to the initial years of the Company and to its development thus far. His longstanding legal skills were pivotal for the Company and his contribution in this respect is greatly appreciated.
Ian Cockerill, Chairman of Cornish Lithium 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.
“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.”
About Adam Howard
Adam is a Director of Banking and Investments at the UK Infrastructure Bank (“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. During his career, Adam has led equity investments to support the growth of socially responsible mining companies across Central Asia and Eastern Europe. Adam holds an Executive MBA from INSEAD and MSc Financial Economics from the University of Leicester.
About John Raymond
John 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, Mr. Raymond served in a number of senior executive management roles within the energy sector over a period of 14 years. These include his time as Chief Executive Officer of Plains Resources, Inc. (“Plains Resources”), a publicly traded company, from 2002 to 2004. Following the management-led buyout of Plains Resources in 2004, Mr. Raymond served as Chief Executive Officer of the successor entity, Vulcan Energy Corporation, from 2004 to 2005. In addition to his current role as Chief Executive Officer of EMG, Mr. Raymond serves on the boards of 25 companies, including public and private portfolio companies of EMG, as well as several companies not owned by or affiliated with EMG. Mr. Raymond graduated from the A.B. Freeman School of Business at Tulane University in 1992 with a B.S.M. with dual concentrations in Finance and Accounting.