(“UrAmerica” or “the company”)
Mr. Damien Hackett appointed as new Chairman of UrAmerica Ltd.
UrAmerica Ltd. is pleased to announce the appointment of Mr. Damien Hackett, as new Chairman of the Company, since August 1st 2014. He replaces Mr. Neil Herbert, who will remain as in the Board Non-Executive Director.
Mr. Hackett has a vast experience in the mining sector, he is the Former Vice Chairman – Mining Advisory in Corporate Broking at Canaccord Genuity. Previously Head of Research (UK) & Global Co-Head of Mining at Canaccord Genuity Limited and Global Head of Metals and Mining Research at Credit Suisse. A Bachelor of Science graduate of the Australian National University in Australia with experience in project evaluation from Canadian mining consultants Watts Griffis and McOuat, in the iron ore industry at Mining Area “C” now one of BHP Billiton’s key operations in Australia and then in Saudi Arabia with the Directorate General of Mineral Resources.
Neil Herbert, departing Chairman said. “After 6 years of consistent progress with Omar Adra and the UrAmerica team I am pleased to pass the baton to Damien Hackett who brings a lifetime of industry experience to the role. I look forward to continuing to work with the UrAmerica team in the next stage of the company’s development.”
Damien Hackett, appointed Chairman said: “It was a great honour to have been asked to take over the role of Chairman from Neil. UrAmerica has benefited immensely from his guidance, contacts and industry experience for the past 6 years and we are very pleased that he will remain on the Board of Directors. I now look forward to working closely with Omar Adra and his team at UrAmerica and delivering Argentina’s first In-Situ Uranium Leach operation, thus helping the country towards one of its important goals – that of energy self-sufficiency. Over the 5 years I have known Omar, he and his team have achieved great things in a short space of time and this has been made possible by Omar’s unwavering commitment to the project and his support for Argentina’s ambitions in the field of natural resource development. I am proud to now be part of that team.”
Omar Adra, Founder & CEO said: “I am proud to welcome such an experienced professional as Damien to Chair UrAmerica´s Board; in the same way, I am glad to continue working with Neil, his support and experience, for the incoming challenges. With this incorporation, UrAmerica´s Board keeps diversifying its knowledge, combining efforts to achieve our uranium production goal.”
About UrAmerica Ltd.
UrAmerica is a private uranium exploration company incorporated in London with presence in highly prospective regions of Argentina and Paraguay. The company has focused its efforts on developing the properties and it has successfully consolidated in the Province of Chubut in Argentina. UrAmerica’s land position covers many highly prospective areas for uranium exploration directly surrounding the Cerro Solo Uranium Deposit, which is the largest and highest grade sedimentary hosted uranium deposit in Argentina. The company upholds the highest environmental, safety and hygiene standards, in compliance with local laws and regulations and global market practices and is committed to the conservation of the environment and the progress of the communities in which we operate.
For further information contact UrAmerica Limited at:
Tel: (54) 11 4804 2115
This press release contains forward-looking statements and information within the meaning of applicable securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that UrAmerica expects or anticipates will or may occur in the future, including statements as to the potential success of any current and future exploration, UrAmerica’s ability to discover and develop a world class uranium deposit in the Chubut Province, Argentina, the benefits to Provincial and Local communities, and the timely meeting of certain pre-determined milestones. When used in this press release, the words “potential”, “indicate”, “expect”, “intend”, “hopes”, “believe”, “may”, “will”, ”if” and similar expressions are intended to identify forward-looking statements and forwardlooking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of UrAmerica to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, the risks and hazards associated with the business of mineral exploration, development and mining, the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, changes in national and local government, legislation, taxation, controls or regulations and political or economic developments in Argentina, risks concerning UrAmerica’s title to properties; potential effects on UrAmerica’s operations of environmental regulations in Argentina; risks due to legal proceedings; risks relating to political and economic instability Argentina. Although UrAmerica has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, UrAmerica assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.