LibertyStream Announces the Appointment of Michael Bodino to its Board of Directors

DALLAS--(BUSINESS WIRE)--LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to welcome Mr. Michael Bodino to its Board of Directors. Mr. Bodino is based out of Dallas, Texas and brings over 30 years energy industry experience to the Board.

Most recently, Mr. Bodino was Managing Director - Investment Banking and Co-Head of Energy Investment at Texas Capital. He has been involved in over 270 private and public debt, equity and advisory transactions representing aggregate value in excess of $50 billion. His background in capitalizing energy companies and advising on strategic transactions adds capital markets and growth-planning experience as LibertyStream advances commercial deployment and evaluates financing and future facility buildout opportunities.

Mr. Bodino has served in a senior capacity with a number of investment banks as research analyst, director of research, and investment banker, and as head of energy investment banking. He previously headed multiple award-winning energy research teams and was responsible for energy commodity price forecasts and identifying trends that shape energy sector investments. He was a recipient of the Wall Street Journal’s “Best on the Street” award and was consistently ranked among the top analysts covering U.S. oil and gas companies.

Mr. Bodino received his MBA from Texas Christian University and Bachelor of Sciences in Economics from Louisiana State University.

Option and Restricted Share Unit Grant

The Company’s Board of Directors has also approved the granting to certain consultants, senior management and directors 2,500,000 incentive stock options (“Options”) and 3,500,000 restricted share units (“RSUs”). The Options are to vest as follows: 25% immediately; and 25% per quarter following the end of the first quarter of the grant. The Options are exercisable for a period of four years at a price of CAD$0.96 and expire on April 13, 2030. The RSUs are to vest twelve-months following the grant date on April 12, 2027 and will be settled in accordance with the terms of the Company’s Amended and Restated Omnibus Security Based Incentive Plan (the “Plan”).

All Options and RSUs are approved to be granted pursuant to the Plan and are subject to the terms of the Plan, the applicable grant agreements and the requirements of the TSX Venture Exchange.

About LibertyStream Infrastructure Partners

LibertyStream is a lithium development and technology company aiming to be one of North America’s first commercial producers of lithium carbonate from oilfield brine. Our strategy is to generate value for shareholders by leveraging management’s hydrocarbon experience to deploy our proprietary DLE technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks and supporting the world’s clean energy transition. We are committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value. Investors and/or other interested parties may sign up for updates about the Company’s continued progress on its website: https://LibertyStream.com/.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.