Enabling the energy revolution


Accend Capital Corporation - Uganda Acquisition - News Release

Summary

Cobalt Supply Deficit

Cobalt Demand Forecast

Why East Africa

  • Metal rich fluids help ore deposit formation relating to rifting in Eastern Africa
  • Uganda is bound by the Western and Eastern arms of the East African Rift System
  • Uganda - similar age equivalent structures and geology as mineral rich neighbors: DRC, Rwanda, Tanzania and South Sudan
  • East Africa – specifically Democratic Republic of the Congo (DRC) is globally the most prolific source of cobalt – estimated at 65% global cobalt supply

Why Uganda

  • DRC is the most prolific source of cobalt – approx. 65% global cobalt supply
  • Uganda borders mineral rich DRC as well as Rwanda, Tanzania, South Sudan – similar geological foot-print
  • Stable regime in power – British-based legal system; transparent mining code; open for foreign investment
  • Uganda – free from conflict minerals / child labor issues of DRC
  • World-class team “on the ground” lead by one of most respected mining engineers in Africa – Dr Jennifer Hinton

Management / Board


Simon Clarke, LLB, Dip.LP - CEO / Director

25 years in senior roles focused on resources / energy / energy technology. Original Co Founder OSUM Oil Sands, Former EVP RailPower Technologies. LLB University of Aberdeen

Andy Edelmeier, MBA / CPA, CMA - CFO / Director

Senior Investment Banking / M&A background including JP Morgan Chase and Credit Suisse First Boston in London. President Braemar West Capital Inc., MBA London Business School, CPA, CMA

Thomas Lamb, JD, MSc, BA , – Director, VP Operations

Ex Securities lawyer. Co-founder of Goldgroup Mining, Ex Director Uzhuralzoloto Group (Russia’s 3rd largest gold producer). Current CEO of Auranda Minerals focused on East Africa exploration. MSc and Sloan Fellow at London Business School

Dr Jennifer Hinton, Ph.D (Geological Engineering) – Director of East Africa Operations

World renowned expert on Local and Artisanal Mining in East and Central Africa. Based in Uganda for 12 years. Ex World Bank. Has key local relationships and heads East Africa operations. Ph.D from University of British Columbia

Graham Harris, BA - Director

30 years Finance Industry experience, Former SVP & Director Canaccord Capital, Has raised over $250m in development capital. Current Chair, Millennial Lithium Corp (TSX-v: ML)

Michael Kobler, BSc – Technical Advisor

Mining Engineer - 35 years experience globally. Senior management roles, co-founder / original CEO Osum Oil Sands Corp. (10,000 bopd). CEO American Lithium (TSX-V:LI)

Dean Besserer, P.Geo - Qualified Person – Technical Advisor

Vice President of Exploration - Cedar Mountain Exploration Inc. VP APEX - significant geo experience globally, including Africa