Jourdan Hires Roger Lemaitre as Vice-President and Head of Mining

Rhea-AI Summary

Jourdan Resources Inc. has appointed Roger Lemaitre as Vice-President and Head of Mining. With over 30 years in the mining sector, Lemaitre previously led UEX Corporation, steering it through a uranium bear market and increasing its market cap from C$75 million to C$310 million. His expertise will support Jourdan's development, particularly as it seeks to establish an initial mineral resource estimate at its Vallée property, adjacent to North American Lithium. CEO Rene Bharti emphasizes Lemaitre's critical role in overseeing drill programs and advancing the company’s mining strategy.

Positive

• Appointment of Roger Lemaitre brings over 30 years of mining experience.
• Lemaitre's leadership at UEX Corporation increased market cap significantly.
• Focus on establishing initial mineral resource estimate at Vallée property.
• Proximity to North American Lithium potentially enhances resource development.

Negative

• Dependence on North American Lithium's production commencement.
• Uncertainties in executing the business plan due to external factors.

TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF; FRA: 2JR1) (“Jourdan” or the “Company“) is pleased to announce the appointment of Roger Lemaitre as Jourdan’s Vice-President and Head of Mining.

Mr. Roger Lemaitre is a Professional Engineer and Geologist with more than 30 years of professional experience, with both senior and junior mining companies in various roles including technical exploration and development, management, and senior executive positions.

Mr. Lemaitre guided (formerly) TSX-listed UEX Corporation, one of the leading Athabasca uranium junior explorers and developers, from 2014 through to the sale of the company at a 72% premium in late 2022 by engineering a competitive bidding process. During his time leading UEX, he guided the company through a challenging uranium bear market, growing shareholder value from C$75 million market capitalization to C$310 million, and raised over C$75 million in equity during that time.

Mr. Lemaitre has also held a variety of senior management positions with Cameco Corporation, one of the world’s largest uranium producers, and was Cameco’s Director of Worldwide Exploration Projects. In this position, Mr. Lemaitre had responsibility for overseeing the execution of Cameco’s growing international exploration programs and budgets as well as overseeing the field activities of three global exploration offices. Before becoming the Director of Worldwide Exploration, Mr. Lemaitre was Cameco’s Manager of Regional Exploration, Saskatchewan and was involved in Cameco’s strategic growth team tasked with the identification of opportunities in the uranium sector.

Mr. Lemaitre holds a B.Sc in geological engineering from Queen’s University, an M.Sc from McGill University and an MBA from Athabasca University.

Rene Bharti, CEO of Jourdan, stated, “Having someone of Mr. Lemaitre’s caliber is critical at this phase of Jourdan’s development. Given that we are actively moving towards establishing an initial mineral resource estimate at our Vallée property, which is next to the property held by our neighbours, North American Lithium (a majority-owned subsidiary of Sayona Mining Ltd.), who we have been advised will commence production in 2023, we see Mr. Lemaitre as essential to Jourdan’s success. Mr. Lemaitre, along with Dr. Rompel, will oversee our drill programs, as well as push forward the establishment of our initial resource estimate and the Company’s overall mining plan. Jourdan is very proud to have Mr. Lemaitre join our team.”

About Jourdan Resources Inc.
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s Quebec Lithium Mine.

For more information:
Rene Bharti, Chief Executive Officer and President
Email: info@jourdaninc.com
Phone: (416) 861-5800
www.jourdaninc.com

Cautionary statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the ability of North American Lithium to commence production at its adjacent property and of the Company to establish an initial mineral resource estimate at its Vallée property and to execute its business plan. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FAQ

Who is Roger Lemaitre, and what is his role at Jourdan Resources?

Roger Lemaitre is the newly appointed Vice-President and Head of Mining at Jourdan Resources, bringing over 30 years of mining experience.

What impact does Roger Lemaitre's appointment have on Jourdan Resources?

His appointment is expected to enhance the company’s mining strategy and resource estimation efforts.

What is the current focus of Jourdan Resources following this management change?

The company is focusing on establishing an initial mineral resource estimate at its Vallée property.

How does the proximity to North American Lithium affect Jourdan Resources?

The proximity may provide strategic advantages in resource development and potential collaboration opportunities.