BEATRICE, NE–(Marketwired – Mar 7, 2016) – Rare Earth Salts (“RES” or the “Company”), a leading mineral and applications technology company, today announced the addition of Dr. Jon Hykawy, a prominent rare earth and critical material analyst, and Glenn A Friendt, a Nebraska-based serial entrepreneur, to its Board of Advisors.
“With our Company on the cusp of initial production, we believe it is more important than ever to surround our team with top industry experts and experienced operational professionals who will challenge us and provide guidance towards achieving our goal of becoming an influential player in the rare earth industry,” said Dr. Joseph Brewer, Chief Executive Officer of Rare Earth Salts. “The addition of Jon and Glenn to our Board of Advisors complements our existing group extremely well. We are grateful that they have agreed to join, what we believe is, a world class Board of Advisors that will provide critical strategic insight in driving further growth in our business at this important stage of our development.”
Dr. Jon Hykawy is a veteran of Bay Street, having spent his time exclusively on the sell side. He is currently President of Stormcrow Capital, where he is broadly considered to be the globe’s leading rare earth and critical materials analyst. Originally trained as a physicist, Jon performed post-doctoral work at the Chalk River Nuclear Laboratories of AECL and with the Sudbury Neutrino Observatory. He completed his MBA at Queen’s University (Ontario, Canada) with an emphasis in marketing. Jon worked in the areas of critical materials with Byron Capital Markets in Toronto from 2009 to 2013 and his technical background includes work on rechargeable batteries, fuel cells and both wind and solar power.
Glenn A. Friendt is a serial entrepreneur who is currently Principal at Summit Consulting, a firm focused on early and expansion stage companies. He recently led the Nebraska Center for Entrepreneurship at the College of Business Administration at University of Nebraska-Lincoln. Glenn’s vast business experience includes building a dental software business from early-stage to the third largest in the United States, when it was then acquired by PracticeWorks. He led PracticeWorks’ international division which, under his leadership, saw revenue increase 600% and EBITDA 1200% prior to being acquired by Eastman Kodak. Glenn was Founding Partner and President of Miller, Friendt, Ludemann, which became Nebraska’s largest marketing agency. Glenn was a charter member of the Nebraska Angels and graduated from the University of Nebraska.
Jon and Glenn join Board of Advisor charter members Alastair Neill, a leading rare earth expert; Rick Serafini, portfolio manager at S Squared Investments; and Steven Deck, President at Wajax Industrial Components and member of PDAC’s Board of Directors and Executive committee.
About Rare Earth Salts
Rare Earth Salts is a leading industrial and applications technology company with the goal of achieving near term commercial production. The Company has developed a patent pending industrial technology proven to efficiently and economically separate and refine all 16 Rare Earth Elements to high purity. The process is environmentally friendly and projects significantly reduced cost versus standard processing. For more information visit: www.rareearthsalts.com.
