Valorem Resources Inc. announced the appointment of mining industry veterans, Mr. Robert Cross and Mr. Paul Matysek, as inaugural members of the Advisory Board. Robert Cross has more than 30 years of experience as a founder, financier and advisor in the mining and oil &gas sectors. Mr. Cross currently is a Co-founder and Chairman of B2Gold Corporation (since 2007) which now produces over one million ounces of gold annually from three mines in Asia and Africa.

He is also currently a Co-founder and Chairman of Standard Lithium Ltd. (since 2018), which is developing a globally-significant lithium resource in Arkansas. From 2004 through to 2016 he served as Chairman of Bankers Petroleum and oversaw production growth from 600 bbl/d to 24,000 bbl/d in a large onshore heavy oilfield in Albania. From 2002 until October 2007, he served as Chairman of Northern Orion Resources Inc., a copper developer active in Argentina which was sold to Yamana Gold in 2007 for $1.4B.

For those companies that he served as Chairman in the last 20 years, Mr. Cross has been very active in the capital markets, helping to raise equity (over $1.0 billion) and debt capital, and has a well-established network in London, New York, and Toronto. In addition to raising capital, Mr. Cross is a seasoned advisor, not only providing general advice but he also has extensive experience in recruiting top talent, and guiding large projects from the Board level. Between 1996 and 1999, Mr. Cross was Chairman and Chief Executive Officer of Yorkton Securities Inc. From 1987 to 1994, he was a Partner, Investment Banking with Gordon Capital Corporation in Toronto.

Mr. Cross has an Engineering Degree from the University of Waterloo and received his MBA from Harvard Business School in 1987. Paul Matysek is a geologist and geochemist by training, with over 40 years of experience in the mining industry. Since 2004, as either Chief Executive Officer (CEO) or Executive Chairman, Mr. Matysek has sold six publicly listed mineral exploration and development companies, in aggregate worth over $2.5 billion.

Most recently in June 2021, as CEO, Mr. Matysek sold Gold X Mining Corp. to Gran Colombia Gold Corp. for over $315 million in an all-share transaction.

In March 2018, as Executive Chairman, Mr. Matysek sold Lithium X Energy Corp. to Nextview New Energy Lion Hong Kong Limited for $265 million in cash. Earlier, in July 2016, Mr. Matysek, as President and CEO, sold Goldrock Mines Corp.

to Fortuna Silver Mines Inc. He was also previously CEO of Lithium One Inc., which merged with Galaxy Resources Limited of Australia to create a multi-billion-dollar integrated lithium company. Mr. Matysek served as CEO of Potash One Inc., which was acquired by K+S Ag for $434-million cash in a friendly takeover in 2011. Mr. Matysek was also the co-founder and CEO of Energy Metals Corp., a uranium company that grew from a market capitalization of $10 million in 2004 to approximately $1.8 billion when sold in 2007.