TORONTO (miningweekly.com) – Madagascar-focused graphite project developer Energizer Resources has appointed chartered financial analyst Marc Johnson its new CFO, replacing Peter Liabotis with immediate effect.
The company advised shareholders on Friday that Johnson brought more than nine years of management experience, as well as a decade of capital markets experience, specifically in mining investment banking and as an equity research mining analyst to the company, which was looking to secure financing for its Molo project.
Two independent third parties had recently successfully manufactured spherical graphite from Molo flake graphite concentrate, with initial test results indicating that it had met all specifications and quality requirements for lithium-ion battery anode material production.
"Throughout the development of our Molo project, Energizer has continually strengthened the management team and the release of the Molo full feasibility study this past February marked the beginning of Energizer's transition from an exploration company to that of a mine developer," president and CEO Craig Scherba stated. Scherba was appointed CEO at the end of July, when Richard Schler stepped down.
Energizer had earlier this month closed a private placement for gross proceeds of C$710 000. Insiders subscribed for C$50 000 as part of this offering.