CDN Maverick Announces Executive Leadership Change

Rhea-AI Summary

CDN Maverick Capital Corp. announces the termination of Adam Cegielski as CEO and the appointment of Simon D. Studer as Interim CEO. The leadership shift is in response to lower trading volumes in the natural resource sector and adjustments in lithium and other critical minerals and metals markets. Simon Studer aims to strategically pursue assets with potential to add sustainable value to the company, even in adverse market conditions. The company remains committed to its strategy of being commodity-agnostic and asset-independent, seeking synergies for enduring value.

Vancouver, British Columbia--(Newsfile Corp. - January 19, 2024) - CDN Maverick Capital Corp. (CSE: CDN) (OTCQB: AXVEF) (FSE: 338B) ("CDN Maverick" or the "Company") announces a strategic shift in its executive leadership. Adam Cegielski has been terminated as CEO, effective immediately, and Simon D. Studer, currently serving as President, COO, and Director of CDN Maverick, has been appointed as Interim CEO.

This leadership transition responds to concurrent corporate and market transformations. In particular, a phase of historically lower trading volumes in the natural resource sector, concurrent with adjustments in lithium and other critical minerals and metals markets and prices globally.

Simon Studer remarks, "Our primary objective remains steadfast: to not just acquire any asset, but to strategically pursue those with distinct potential to add sustainable value to our company, even in adverse market conditions. The current market environment presents unique opportunities for strategic acquisitions and diversifying our approaches within CDN Maverick's generative and investment businesses. Under my leadership, CDN Maverick will navigate these complexities with a long-term perspective and remains committed to its strategy of being commodity-agnostic and asset-independent, seeking synergies that create enduring value for our shareholders. At this point, we thank Adam for his service as CEO and wish him the best in his future endeavors."

About CDN Maverick Capital Corp.:

CDN Maverick Capital Corp. is a diversified exploration Company, with a core focus on critical minerals in North and South America.

Electric Avenue Ontario: Northwind Lake Lithium Property
7,040 hectares in the "Electric Avenue", an emerging lithium pegmatite exploration camp in the Red Lake area of Ontario, near to Frontier Lithium's PAK Lithium Project.

Jame Bay Quebec: Poncheville Lithium Project
Lithium pegmatite prospect spanning nearly 40,000 hectares across the Poncheville and Chabinoche properties.

Rainbow Canyon Nevada:
The Rainbow Canyon Gold Project in Nevada.

Investments

1. Holds 408,291 shares of NOAL Lithium Brines Inc., a lithium company actively working in the Lithium Triangle and drilling it's maiden resource in the area.
2. Holds over 1,600,000 shares in Noram Lithium Corp.; a lithium clay sands exploration and development Issuer located in Clayton Valley Nevada with a significant lithium resource known as the Zeus project. Noram is working towards a Prefeasibility Study.

As part of its ongoing efforts, CDN is actively expanding its critical minerals portfolio across the Americas, with a firm commitment to sustainable and ESG-friendly investing and exploration.

ON BEHALF OF THE BOARD OF DIRECTORS

Sandy MacDougall
Founder, Chairman, and Director
sandyjmacdougall@gmail.com
C: 778.999.2159

Simon Studer
Interim CEO, Director
simondavidstuder@gmail.com
Phone: +41-44-585-2484

FOLLOW US:

Twitter: https://twitter.com/cdnmaverickcorp
Facebook: https://www.facebook.com/CDNMaverickCorp
LinkedIn: https://www.linkedin.com/company/cdnmaverick
Instagram: https://www.instagram.com/cdnmaverickcorp
YouTube: https://www.youtube.com/@cdnmaverickcorp

This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management's estimates or opinions change.

Neither the Canadian Securities Exchange ("CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194921

FAQ

What is the ticker symbol for CDN Maverick Capital Corp. on the OTCQB market?

The ticker symbol for CDN Maverick Capital Corp. on the OTCQB market is AXVEF.

Who has been appointed as the Interim CEO of CDN Maverick Capital Corp.?

Simon D. Studer has been appointed as the Interim CEO of CDN Maverick Capital Corp.

What is the primary objective of CDN Maverick Capital Corp.?

The primary objective of CDN Maverick Capital Corp. is to strategically pursue assets with potential to add sustainable value to the company, even in adverse market conditions.

What market conditions prompted the leadership shift at CDN Maverick Capital Corp.?

The leadership shift at CDN Maverick Capital Corp. was prompted by historically lower trading volumes in the natural resource sector and adjustments in lithium and other critical minerals and metals markets.

What strategy does CDN Maverick Capital Corp. remain committed to?

CDN Maverick Capital Corp. remains committed to its strategy of being commodity-agnostic and asset-independent, seeking synergies that create enduring value for its shareholders.