Largo Physical Vanadium Announces the Appointment of Erik Bethel to its Board of Directors
TORONTO – Largo Physical Vanadium Corp. ("LPV" or the "Company") (TSX.V: VAND, OTCQX: VANAF) announces today that Erik Bethel has been appointed as an independent director to the Company’s Board of Directors (“Board”) as of May 6, 2023 and succeeds Andrea Weinberg.
Jonathan Lee, Chairman of LPV’s Board of Directors commented, “Erik’s extensive knowledge of the metals sector, his international and domestic experience in the private and public sector, and his current engagements make him an excellent addition to our Board of Directors."
Erik Bethel remarked, “I’m very excited to join the Board of Largo Physical Vanadium and look forward to contributing to further commercializing the technology in the long duration energy storage industry."
The Hon. Erik Bethel is an accomplished global finance professional with over twenty-five years of experience in the private and public sectors. He currently serves on the leadership team at Americas Frontier Fund, non-profit enterprise committed to reinvigorating American innovation in critical sectors such as critical minerals, battery technologies, and semiconductors. Mr. Bethel is also a Senior Advisor at the Center for Strategic and International Studies (CSIS) and Senior Advisor at White Oak, a $10Bn private credit firm. In 2020, Mr. Bethel was the U.S. Ambassador Designate to the Republic of Panama. Prior to this, he was nominated by the President and confirmed unanimously by the Senate to represent the United States at the World Bank. At the World Bank, Mr. Bethel played a pivotal role in the analysis and deployment of over $100 billion of capital through grants, loans, equity investments, and other financial products. While at the World Bank, Mr. Bethel also spearheaded a number of technology initiatives, including artificial intelligence, blockchain, and the tokenization of World Bank loans. Earlier in his career, Mr. Bethel worked as an investment banker and private equity professional with a focus on making investments in mining companies and in natural resources globally. He held the position of Managing Director at Franklin Templeton Investments, where he executed mining and resource-related private equity transactions in Latin America. Before this, he was based in Shanghai, China, as the Managing Partner of SinoLatin Capital, and Managing Director of ChinaVest. Mr. Bethel also held a variety of emerging markets-focused private equity and investment banking positions at J.P. Morgan and Morgan Stanley in both New York and Mexico City.
Investors can find additional information pertaining to LPV and its weekly net asset value (“NAV”) calculations at www.lpvanadium.com.
About Largo Physical Vanadium Corp.
Largo Physical Vanadium Corp. (LVP) aims to provide a secure, convenient and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, which is essential to achieve a greener world in key industries such as steel, aerospace and energy storage. Vanadium is non-degrading and fully recyclable when used as electrolyte in vanadium redox flow batteries (VRFBs) and offers carbon reducing attributes when used in steel alloying applications. LPV’s strategy is not only to achieve appreciation through the acquisition of vanadium, but to own and actively supply vanadium to end users of VRFBs to advance to integration of renewable energy in long duration storage. This strategy is integral to LPV’s business plan, as it necessarily defrays the costs associated with using vanadium in VRFBs through the unique non-degradation characteristics of the metal.
LPV’s common shares trade on the TSX Venture Exchange under the symbol "VAND”. For more information, please visit www.lpvanadium.com.
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For further information, please contact:
Paul Vollant
Chief Executive Officer
+41.796.630.895
pv@lpvanadium.com
Cautionary Statement on Forward-looking Information:
This press release contains forward-looking information under applicable securities legislation (“forward-looking information”). Forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information. Forward-looking information contained in this press release includes, but is not limited to, LPV’s strategy and business plans, the VRFB market and the value of, demand for and uses for vanadium.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks relating to the risks listed under Part VI – “Risk Factors” in the filing statement dated September 13, 2022 filed under the Company’s SEDAR profile at www.sedar.com . Forward-looking information is based on the opinions and estimates of management as of the date such information is provided. Although management of LPV has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. LPV does not undertake to update any forward-looking information, except in accordance with applicable securities laws.