Pioneer Lithium (ASX: PLN) chief executive officer Clinton Booth joins Small Caps to discuss the company's ASX listing following a $5 million initial public offering.

The funds will be used to support the company’s hunt for high-value battery metals discoveries in Canada. Led by a highly-regarded and experienced team, Pioneer Lithium holds sizeable lithium prospective tenements in Ontario and Quebec.

The company’s initial exploration focus will be on the Root Lake project in the Red Lake lithium district of Ontario where previous exploration has already confirmed the presence of high-grade spodumene mineralisation.

The Ontario tenements are well located between two known lithium deposits held by Green Technology Metals (ASX: GT1) – the Root Bay deposit which is estimated to contain 8.1 million tonnes of mineralisation at 1.32% lithium oxide and the McCombe deposit with has an estimated 4.5 million tonnes at 1.01% lithium oxide.

The company aims to begin its maiden drilling program at Root Lake in October. Leading the company’s growth plans is a team of industry veterans with a record of success in finding lithium in Canada and who have completed a combined 50,000m plus of drilling in the nation.

Executive chairman Robert Martin brings more than 25 years of experience to his role including being a key leader at Critical Resources (ASX: CRR) with a market cap of around $80 million and Battery Age Minerals (ASX: BM8), which has a $30 million market cap.

Mr Booth’s background includes over 20 years of experience in the mining and energy sectors, including experience in lithium exploration, development and operations across hard rock and brine deposits.

He has previously held senior positions at Fortescue Future Industries, Galaxy Resources (now Allkem (ASX: AKE)) and Sundance Resources.

Article:
https://smallcaps.com.au/pioneer-lithium-launches-ipo-fund-exploration-plans-canada/

For more information on Pioneer Lithium:
https://smallcaps.com.au/stocks/asx-pln/