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Mining & Metals

Lithium Ionic Appoints Clovis Torres to its Board of Directors

Lithium Ionic (LTH.V) on Tuesday said it appointed Clovis Torres to its board of directors.Torres is currently board chair and chief executive officer of Belo Sun Mining (BSX.TO) and a founding partner of Mello, Torres Advogados, a Brazilian law firm, said the company.He previously held a role as an executive and general counsel of Vale S.A. for 17 years ending in 2018, said Lithium Ionic, adding that, at Vale, he also served as secretary to the board of directors and led the company's crisis and ethics committees.Torres also was a member of the board of directors of Petrobras S.A., chairman of the board of BR Distribuidora S.A., and chairman of the board of directors of IBRAM, the Brazilian Mining Institute, stated the company. He has also previously held the roles of president and chief executive officer at Furnas Centrais Eletricas S.A., it said.In addition, Torres has also held senior roles in project finance, international investment, and legal advisory with the International Finance Corporation, Cargill and Clyde & Co, Lithium Ionic added."Clovis recently helped steer Belo Sun through the reinstatement of a key permit for its Volta Grande Gold Project, and that proven ability to navigate Brazil's permitting and regulatory environment will be invaluable as we de-risk and advance Bandeira toward construction," said Chief Executive Blake Hylands.The company's shares were last seen down C$0.01 to C$0.77 on the TSX Venture Exchange.Price: $0.76, Change: $-0.02, Percent Change: -2.56%

$BSX.TO$LTH.V
Mining & Metals

Belo Sun Mining Begins Trading on OTCQX Best Market; Shares up 1.6%

Belo Sun Mining's (BSX.TO) shares have qualified to trade on the OTCQX Best Market in the United States under the ticker "BSXGF", effective today, said the company on Thursday.The company's shares will continue to trade on the TSX Exchange under the symbol "BSX", it added."Our move to OTCQX underscores Belo Sun's commitment to enhancing shareholder value by broadening our reach within the U.S. investment community," said Clovis Torres, Chief Executive Officer of Belo Sun. "We believe this transition will provide U.S. investors with a more efficient, liquid platform to participate in our growth. As we advance the Volta Grande Gold Project in Brazil we will continue evolving our capital markets and growing our international shareholder base."The company's shares were last seen up $0.03 at $1.26 on the Toronto Stock Exchange.Price: $1.25, Change: $+0.02, Percent Change: +1.63%

$BSX.TO
Mining & Metals

Belo Sun Mining Provides Update on Volte Grande Project

Belo Sun Mining (BSX.TO) expects to provide a comprehensive update on the Volte Grande Project in Brazil by the end of the second quarter, the company said on Friday.Belo Sun was re-issued the installation license (LI) with updated conditions, for the project last February, and has since been working with the authorities to clarify the technical work required to satisfy the conditions. The update will outline the next phase of work as the project advances toward construction.The new LI, which is valid until April 2029, maintains the same project scope, studies, and layout, and allows Belo Sun to advance the project, the company added."The reissued Installation License is an important step forward for the Project and provides greater clarity on the permitting framework. We are encouraged by SEMAS's constructive and collaborative approach following the reinstatement of the LI, and by the ongoing dialogue as we work together to advance the Project to maximize its benefits for all stakeholders. Our focus remains advancing the Project responsibly while supporting employment, training and economic opportunities for local communities," said chief executive Clovis Torres.Belo Sun shares closed down $0.02, to $1.20 on Thursday on the Toronto Stock Exchange.

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