NW Tech Capital Announces Lithium Team Lead
NW Tech Capital (OTC:NWTT) is pleased to announce that Johnny Chabu (Ph.D) has joined our team of lithium mining experts. NWTT is putting together a solid team of experienced lithium executives, led by Dr. Chabu, to capitalize on Lithium mining in the Democratic Republic of Congo.
Dr. Johnny Chabu is an acclaimed specialist and published author, responsible for lithium mining research projects and consulting services for mining companies accross the Democratic Republic of Congo. With a Ph.D in Chemistry from Central South University, Dr. Chabu holds over 15 University-approved publications on the chemical properties of Lithium and the production of batteries. He is equally an honorary lecturer in the University of Lumbashi, and a training consultant for multiple mining companies. Dr. Chabu shall be actively involved in the steering of strategic alliances with lithium mining companies, with the ultimate goal of establishing profitable joint ventures and acquisitions between mine operators and various stake holders.
Under the supervision of Dr. Chabu, NWTT will continue to pursue acquisition opportunities to increase high-quality hard-rock lithium resources with lithium-bearing pegmatites and continue to explore and discover more lithium resources in other areas.
NW Tech Capital is a publicly traded diversified holding company(OTC:NWTT) that was founded in1996, actively involved in the acquisition and investment of small, mid-size and development-stage private businesses in varied industries.
We are excited to work closely together and are even more confident that our investment will produce substantial, long-term value. In the short term, we have made the prudent decision to kick-start lithium mining activity while waiting on market conditions to improve, but we are well positioned for future growth, given the high-quality and strategic resource and the combined operating expertise of both NWTT and Dr. Chabu.
Today’s announcement is further proof that we are deploying our aggressive electrification road map and are following through on the commitments we made to our shareholders, to position NWTT as a provider of energy solutions to our prospective customers, by utilizing our collective, unique technical skills and mass-producing capabilities.
DISCLOSURE NOTICE: The information contained in this release is as of May, 2022. NW Tech Capital assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
This release contains forward-looking information related to NW Tech Capital and Dr. Johnny Chabu and an agreement to create a joint venture to engage in lithium exploitation, that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this release include, among other things, statements about the potential benefits of the proposed joint venture and transaction, anticipated accretion and cost savings, the companies’ plans, objectives, expectations and intentions, the financial condition, results of operations and business of the proposed joint venture, the proposed joint venture’s products and potential, the anticipated impact of the consolidation of the NW Tech Capital’s lithium business from its financial statements, Tropicslab’s agreement to not separate the joint venture as an independent company, and the anticipated timing of closing of the transaction. Risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing the transaction (including the failure to obtain necessary regulatory and shareholder approvals) in the anticipated timeframe or at all and the possibility that the transaction does not close; risks related to the ability to realize the anticipated benefits of the transaction, including the possibility that the expected benefits and cost savings from the proposed transaction will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; the possibility that a future separation of the joint venture may not occur; disruption from the transaction making it more difficult to maintain business and operational relationships; negative effects of the announcement or the consummation of the proposed transaction on the market price of NW T’ech Capital’s common stock and on NW Tech Capital’s operating results; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related to the proposed transaction; other business effects, including the effects of industry, market, economic, political or regulatory conditions; future exchange and interest rates; changes in tax and other laws, regulations, rates and policies; future business combinations or disposals; and competitive developments.
A further description of risks and uncertainties shall be found in NWTT’s Annual Report on Form 10-K for the fiscal year ending December 2022, and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results,” as well as in its subsequent reports on Form 8-K, all of which shall be filed with the U.S. Securities and Exchange Commission and available at www.sec.gov.
Information on Dr. Chabu included in this release were provided by him.
CEO, NW Tech Capital