SYDNEY, AUSTRALIA: Future Battery Minerals Ltd (ASX: FBM) announced the appointment of Mr. Nicholas Rathjen as Chief Executive Officer (CEO) and Managing Director, effective from 6 December 2023.

Nick has a proven track record accumulated across more than a decade in equity capital markets, corporate development and mineral marketing, with extensive experience in the lithium sector. Nick brings a strong commercial capability to the Company, having led early-stage lithium projects through technical programs, economic studies, execution of offtake agreements, funding and due diligence processes, project development as well as the completion of commercial transactions.

Nick’s most recent experience is as Head of Corporate Development at Canadian lithium developer Green Technology Metals Ltd (ASX: GT1) and previously as Head of Corporate Development at Prospect Resources Limited (ASX: PSC). At Prospect Resources, Nick played a key role in the advancement and development of the Arcadia Lithium Project in Zimbabwe through both the financing process and marketing of the key products to be mined and processed at Arcadia (spodumene and petalite).

Nick’s understanding of lithium mining, processing, marketing and downstream conversion brings a broad list of capabilities to the Company as it rapidly advances its Kangaroo Hills and Nevada Lithium Projects.

He holds a Master of Applied Finance, Bachelor of Commerce, Diploma of Investor Relations and is a graduate of the Australian Institute of Company Directors (AICD).

Commenting on the appointment, FBM Executive Chairman, Mike Edwards commented: “We are delighted to welcome Nick to the team as our Managing Director and CEO at a pivotal point for the Company’s transition to becoming a significant lithium focused business.

The Board is confident in his ability to lead the Company through the current challenges and the next exciting phase of its growth. Nick brings energy, enthusiasm and valuable corporate and operational expertise that aligns with the Company strategic shift toward advancing exploration and development efforts on its Kangaroo Hills Lithium Project (KHLP), Nevada Lithium Project (NLP)(80%). We extend a warm welcome to Nick.”

Commenting on his appointment, Nick Rathjen commented: “I am honoured to join the Company during this transformational period as it seeks to advance its portfolio of battery mineral assets. I’m deeply passionate about developing lithium projects and Kangaroo Hills holds all the characteristics of a truly exceptional lithium project that I am confident my knowledge alongside the project teams can unlock its full value potential. I look forward to executing the Company’s strategy, leading the team through exploration & project development, and delivering value to our shareholders.”

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