New Energy Appoints Frederic Caumon to Its Board of Directors
Vancouver, British Columbia – September 9, 2024 – New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NEMCF) (“New Energy” or the “Company“) is pleased to announce the appointment of Frederic Caumon to New Energy’s board of directors effective immediately.
Mr. Caumon is European based and has over 20 years of experience in the financial and consulting sectors. He began his career at the Oxford Institute for Energy Studies in the UK, advising major companies and governments on hedging and fiscal policies. He then served as Vice President for the EMEA in the Equity Division at Deutsche Bank, which was the largest equity investment bank globally at the time, covering European Exploration and Production (E&P) among other sectors.
Frederic also served as Executive Director and Head of M&A and ECM Small and Mid-Caps for France & Benelux at Banco Santander, the largest listed European bank and a leading investment bank in Latin America. His extensive project management experience includes establishing a private equity platform focused on Central Europe’s real estate market for family offices. He also has significant experience in alternative energy and clean energy sectors.
In addition, Frederic managed financial assets at Montpensier Finance, a French regulated investment firm based in Paris. More recently, Frederic has been advising corporations and governments on financial engineering through his boutique firm, Crestia Partners. Frederic holds a Master’s degree in Mathematical Finance from Dauphine University.
Kenneth Kaczkowski, CEO, commented, “We are thrilled to welcome Frederic to the Board. His extensive knowledge and valuable experience and connections throughout Europe will be a significant asset to New Energy, and we eagerly anticipate the insights he will bring.”
The Company has granted 50,000 stock options and 25,000 restricted share units (“RSUs”) to Mr. Caumon. The options are exercisable at $0.24 per share for a period of 5 years and the RSUs vest over two years.
The Company also announces the resignation of Rishi Kwatra as a director of the Company. The Board wishes to thank Mr. Kwatra for his contributions to New Energy and wishes him all the best in his future endeavours.
ON BEHALF OF THE BOARD OF DIRECTORS,
New Energy Metals Corp.
Kenneth Kaczkowski
Chief Executive Officer
Tel: 305-280-4161
www.new-enrg.com
About New Energy Metals Corp.
New Energy Metals Corp. is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol “ENRG”. The Company has an option to purchase a 100% interest in the Troitsa Copper property covering approximately 7,000 hectares located in the Omineca Mining Division of British Columbia.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the use of the proceeds raised under the Private Placement.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and that the Company will not use the proceeds of the Private Placement as currently anticipated. In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will use the proceeds of the Private Placement as currently anticipated. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
