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Skycap Investment Holdings Inc. Announces Board Changes

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Skycap Investment Holdings Inc. (CSE: SKY), formerly known as Li-Metal Corp., announced key changes to its Board of Directors. Tim Johnston has stepped down from the Board effective immediately. The company acknowledged Johnston's significant contributions, particularly highlighting his leadership role in the successful sale of their lithium metal production business to Arcadium Lithium plc (later acquired by Rio Tinto). Keshav Kochhar, Executive Chairman, expressed gratitude for Johnston's service and strategic guidance during this important transition period.

Skycap Investment Holdings Inc. (CSE: SKY), precedentemente nota come Li-Metal Corp., ha annunciato importanti cambiamenti nel suo Consiglio di Amministrazione. Tim Johnston si è dimesso dal Consiglio con effetto immediato. La società ha riconosciuto il suo contributo significativo, sottolineando in particolare il suo ruolo di leadership nella vendita riuscita del loro business di produzione di litio metallico a Arcadium Lithium plc (poi acquisita da Rio Tinto). Keshav Kochhar, Presidente Esecutivo, ha espresso gratitudine per il servizio e la guida strategica di Johnston durante questo importante periodo di transizione.

Skycap Investment Holdings Inc. (CSE: SKY), anteriormente conocida como Li-Metal Corp., anunció cambios clave en su Junta Directiva. Tim Johnston ha renunciado a la Junta con efecto inmediato. La empresa reconoció sus importantes contribuciones, destacando especialmente su liderazgo en la exitosa venta de su negocio de producción de metal de litio a Arcadium Lithium plc (posteriormente adquirida por Rio Tinto). Keshav Kochhar, Presidente Ejecutivo, expresó su agradecimiento por el servicio y la orientación estratégica de Johnston durante este importante periodo de transición.

Skycap Investment Holdings Inc. (CSE: SKY)는 이전 명칭인 Li-Metal Corp.에서 이사회 주요 변동 사항을 발표했습니다. Tim Johnston이 즉시 효력을 발휘하여 이사회에서 물러났습니다. 회사는 Johnston의 중요한 기여를 인정하며, 특히 그가 리튬 금속 생산 사업을 Arcadium Lithium plc(후에 Rio Tinto에 인수됨)로 성공적으로 매각하는 데 있어 리더십 역할을 강조했습니다. Keshav Kochhar 집행 의장은 이 중요한 전환기 동안 Johnston의 헌신과 전략적 지도에 감사를 표했습니다.

Skycap Investment Holdings Inc. (CSE : SKY), anciennement connue sous le nom de Li-Metal Corp., a annoncé des changements clés au sein de son conseil d'administration. Tim Johnston a démissionné du conseil avec effet immédiat. La société a reconnu ses contributions importantes, mettant particulièrement en avant son rôle de leader dans la vente réussie de leur activité de production de lithium métal à Arcadium Lithium plc (puis acquise par Rio Tinto). Keshav Kochhar, président exécutif, a exprimé sa gratitude pour le service et les conseils stratégiques de Johnston durant cette période de transition cruciale.

Skycap Investment Holdings Inc. (CSE: SKY), früher bekannt als Li-Metal Corp., gab wichtige Veränderungen im Vorstand bekannt. Tim Johnston ist mit sofortiger Wirkung aus dem Vorstand ausgeschieden. Das Unternehmen würdigte Johnstons bedeutende Beiträge, insbesondere seine Führungsrolle beim erfolgreichen Verkauf ihres Lithium-Metall-Produktionsgeschäfts an Arcadium Lithium plc (später von Rio Tinto übernommen). Keshav Kochhar, Executive Chairman, dankte Johnston für seinen Einsatz und seine strategische Führung während dieser wichtigen Übergangsphase.

Positive
  • Successful completion of lithium metal production business sale to Arcadium Lithium (acquired by Rio Tinto)
Negative
  • Loss of key board member with strategic experience

Toronto, Ontario--(Newsfile Corp. - April 25, 2025) - Skycap Investment Holdings Inc. (formerly Li-Metal Corp.) (CSE: SKY) (the "Company") today announced changes to its Board of Directors.

Effective immediately, Tim Johnston has stepped down from the Board of Directors. The Company extends its sincere appreciation to Mr. Johnston for his leadership and strategic guidance throughout his tenure. Mr. Johnston played a critical role in the successful sale of the Company's lithium metal production business to Arcadium Lithium plc (acquired by Rio Tinto).

Commenting on the transition, Keshav Kochhar, Executive Chairman, stated:

"On behalf of the Board and shareholders, I want to thank Tim for his outstanding service and dedication. His guidance during the sale of our lithium metal assets to Arcadium was pivotal in repositioning the Company for its next phase of growth. We are grateful for his contributions and wish him continued success in his future endeavors."

About Skycap Investment Holdings Inc.

Skycap is a Canadian-based investment issuer focused on identifying and investing in high-growth sectors. Leveraging its financial resources and market expertise, Skycap aims to deliver sustainable value to its stakeholders through strategic and diversified investments. Additional information about the Company can be found in the Company's filing statement dated March 27, 2025, as filed under the Company's profile on SEDAR+ at www.sedarplus.ca.

Forward-Looking Information:

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's strategic plans and future operations. Any such forward-looking statements may be identified by words such as "expects," "anticipates," "believes," "projects," "plans," and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Company's strategic plans will be achieved as described. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.

Contact

Investor Relations
Skycap Investment Holdings Inc.
ir@li-metal.com
289-307-0117

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249866

FAQ

What major board changes were announced at Skycap Investment Holdings (CSE: SKY)?

Tim Johnston has stepped down from the Board of Directors effective immediately.

Who acquired Skycap Investment Holdings' lithium metal production business?

The lithium metal production business was sold to Arcadium Lithium plc, which was subsequently acquired by Rio Tinto.

What was Tim Johnston's key achievement during his tenure at Skycap Investment Holdings?

Johnston played a critical role in successfully executing the sale of the company's lithium metal production business to Arcadium Lithium plc.

What is Skycap Investment Holdings' previous company name?

Skycap Investment Holdings was formerly known as Li-Metal Corp.
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