2_800x533_L_1412520354.jpg)
St George Mining Ltd (ASX:SGQ) has strengthened the skillset of its board with the appointment of senior battery industry executive Kecheng Cai as a non-executive director.
Cai is a senior executive of Shanghai Jayson New Energy Co., Ltd, which through its wholly owned subsidiary Hong Kong Jayson Holding Co., Ltd, is the largest shareholder in St George with a current shareholding of 11.73%.
Jayson is the world’s leading producer of cathode precursor materials for lithium-ion batteries and has established a diversified vertical supply chain for clean energy materials that extends from upstream mining to downstream precursor manufacturing.
“Endorsement of growth strategy”
St George Mining’s executive chairman John Prineas said: “We are delighted to welcome a senior industry executive of the calibre of Kecheng Cai to the board of St George.
“His appointment, and the continued support of Jayson, is an endorsement of our growth strategy and the outstanding opportunities ahead as we advance our portfolio of high-quality battery metals projects in the Tier 1 mining jurisdiction of Western Australia.
“Mr Cai’s extensive global experience in the lithium-ion battery industry will provide great value to the board of St George and our company.
“It is an exciting time for St George as we prepare to launch our 2024 exploration programs with high-impact lithium and rare earths drill campaigns scheduled to start shortly.”
Notable experience
As the head of investment and strategy for Jayson, Cai has deep knowledge of the global lithium-ion battery sector and has been involved in numerous cross-border M&A transactions entailing upstream and downstream battery assets.
In addition, he also has more than 18 years of experience in financial investment and corporate strategy, including roles in private equity and funds management.