NexGen raises cost of Canadian uranium project to $1.6 billion
NexGen is one of several firms racing to develop uranium projects in Saskatchewan’s uranium-rich Athabasca region.
Canadian miner Standard Lithium on Thursday named David Park as its new chief executive officer, effective Sept. 1, succeeding longtime CEO Robert Mintak.
The incoming CEO has served as a strategic advisor for Standard Lithium over the past year and helped the lithium miner secure an investment from Equinor in projects located in Southwest Arkansas and East Texas.
Park, in a prior role, has served as the president at a unit of Koch Industries, Standard Lithium’s biggest shareholder.
Mintak, who has been at the helm of Standard Lithium for more than seven years, will retire, but will remain as an advisor through August 2025.
Standard Lithium is among a number of companies trying to use direct lithium extraction technologies to supply the key metal to the EV industry.
Equinor and Lanxess are involved in Standard’s DLE projects in Arkansas, where Exxon Mobil is also looking to develop a project.
(By Vallari Srivastava; Editing by Shailesh Kuber)
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