Eastinco Mining & Exploration (EM.P ) has appointed Mr Kasra Pezeshki as a Non-Executive Director, a change which will come into effect once it is admitted to London’s main market.
Mr Pezeshki serves as the Chief Investment Officer at Britishvolt, the developer of the UK’s first large-scale Gigaplant which is currently under construction in Northumberland, the developer of African focused critical and strategic metal assets told investors this morning.
The exploration company acknowledged that Pezeshki has over 17 years of experience in investment banking, structured finance, and private equity at institutions such as UBP, Morgan Stanley, Adveq, Bank of America and Enveq in London, New York, Geneva, and Zurich.
As the co-founder and director of Enveq Investments, Mr Pezeshki has originated, structured, and executed deals for a wide range of clients varying from corporates to family offices, as well as having made direct investments in venture capital and private equity, it explained.
As well as being an early investor into Britishvolt, Enveq also manages and owns a portfolio of investment companies active in healthcare, technology, entertainment as well as real estate.
Commenting on the appointment, Charles Bray, Eastinco’s Chairman said: “I am very pleased to announce and welcome Kasra as a new member of the Board of Directors. Kasra joins Eastinco at an exciting time in our corporate development and his insight and experience in electrification and the green metal supply chain is closely aligned to our strategic objectives.”
Addressing shareholders, Bray acknowledged that Eastinco is working towards an expansion of its asset portfolio, which focuses on critical and strategically important “green metals”.
He explained to investors: “We believe that the underlying growth fundamentals for these “green metals” are driven by strong global demand for renewable and sustainable energy sources, the push towards electric vehicles and achieving a carbon-neutral society.”
“Kasra’s knowledge, expertise and network, as well as his investment experience, will undoubtedly be useful to the Company as we implement our strategy,” he concluded.
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In recent weeks, Eastinco was awarded a 10-year mining licence for the Agdz copper and silver project by the Ministry of Energy Transition and Sustainable Development of Morocco.
The Agdz project is part of the portfolio of 15 Moroccan projects owned by Aterian Resources Ltd (“Aterian”), the 100% subsidiary of Altus Strategies, which Eastinco intends to acquire.
The licence commenced on 21 May 2021. To date, Altus has made several discoveries at Agdz, including the 2.80km long Makarn prospect, with results up to 8.00 % Cu and 448 g/t Ag and the 2.00km long Amzwaro prospect, with results up to 4.82 % Cu and 189 g/t Ag.
Eastinco, which recently unveiled its intention to acquire the battery metals focused explorer,
Aterian Resources, believes it is an optimal time to strengthen and broaden its African asset portfolio, adding to its existing tantalum and tin mining and exploration projects in Rwanda.
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