Sudbury, Ontario – January 7, 2016 - Houston Lake Mining Inc. (TSX.V: HLM) ("HLM" or the "Company") is pleased to announce the appointment of Mike Tamlin to the board of directors of the Company.
Mr. Tamlin has more than 25 years of commercial and technical experience in mining, milling and hydrometallurgy with significant expertise in lithium and tantalum concentrates and chemicals. His lithium experience covers the development of the Chinese chemical and global technical spodumene markets for the Greenbushes Mine in Western Australia which currently controls an estimated 95% of lithium mineral supply, the Zhangjiagang Lithium Carbonate Project and the Rincon Brine Project. Mr. Tamlin is currently the Chief Operating Officer for Neometals Ltd., an ASX-listed company which is preparing for the start of production of its Mt. Marion Lithium Mine in Western Australia and is conducting feasibility for a lithium hydroxide plant.
Mr. Tamlin has an impressive record of maximizing commercial performance, developing and implementing strategy and brings extensive experience in the development of both hard rock and brine lithium projects, lithium supply negotiations, lithium markets and management at executive level with significant lithium producers.
Commenting on Mr. Tamlin’s appointment, Rick Walker, HLM’s Chairman, said: "We are pleased to welcome Mike to HLM’s board. His technical acumen and business development experience in lithium will be a key asset for the Company as we continue to develop the PAK Lithium Project."
The Company also announces that it has granted an additional 200,000 stock options. The options are set for a period of five years, expiring on January 7, 2021. The options are priced at $.16 and are subject to regulatory approval. In addition, $24,000 of debt is owed to a company owned by the non-arm’s length individual and the Company is proposing a financing of 154,839 common shares at a price of $.155 per share.
About Frontier Lithium Inc. HLM’s goal is to become a fully integrated lithium, rubidium and tantalum producer with development of the PAK Lithium Project in Ontario, Canada. Based on the PAK deposit’s high-purity, technical-grade spodumene, a relatively lower capital requirement to enter in to the lithium supply market is possible by firstly becoming a technical-grade lithium concentrate supplier. HLM is focused on a staged approach to indirectly participate in the burgeoning lithium battery industry by taking advantage of the disruptive change to market fundamentals by targeting the ceramic-glass industry (industrial users). Currently, the glass/ceramics segment is the second largest in total lithium demand whereby supply pressure is taking place due to the threat of lithium battery growth.
Company Contact Information Trevor R. Walker, President 2736 Belisle Drive Val Caron, ON. P3N 1B3 CANADA T.+001 705.897.7622 F.+001 705.897.7618
Forward-looking Statements 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 release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company’s registered filings what are available at https://www.sedar.com
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