Date: May 4, 2018
Stina Resources Ltd. (“Stina” or the “Company”) (CSE: SQA) (OTCQB: STNUF) (Frankfurt: 01X) is pleased to announce the appointment of Mr. Brett A. Whalen, CFA as Finance Advisor to the Board of Directors of Stina.
Stina’s wholly-owned subsidiary, Enerox GmbH, is one of the world’s first and largest researchers, developers, manufacturers and distributors of vanadium flow batteries. As an industry leader in the energy storage sector, it has installed CellCube vanadium flow batteries at over 100 sites around the world.
Brett Whalen is currently a Vice President and Portfolio Manager at Goodman Investment Counsel, a wholly-owned division of Dundee Corporation. Brett is also President and CEO of the CMP Group of companies and Director of Enwise Holdings since 2007. His experience also includes senior positions with Dundee Capital Markets and Clarus Securities Inc. He has a BA (Honours) degree in Economics and Finance from Wilfred Laurier University.
“Brett has a wealth of investment banking experience in mergers and acquisitions with public and private companies, especially in the resource and renewable energy sectors,” states Mr. Brian Stecyk, President and CEO of Stina. “As such, he will make a valuable contribution to Stina as it executes its high growth business strategy in the fast-growing energy storage market.”
The grid connected storage market is expected to grow 44% annually with the market size reaching US $18 billion by 2024 (Navigant Research). Stina, with its recent acquisition of the assets of Gildemeister Energy Storage GmbH (“Gildemeister”) and Jet Power and Controls Ltd. (“Jet Power”), and its investment in Braggawatt Energy Inc. (“Bragagwatt”), is ideally positioned to capitalize on the demand for vanadium redox flow batteries (“VRFBs”) worldwide to help meet the World’s rapidly growing energy storage needs.
