Tantalex Lithium Resources Management

Management criteria checks 3/4

Tantalex Lithium Resources' CEO is Eric Allard, appointed in Nov 2020, has a tenure of 3.5 years. total yearly compensation is CA$146.83K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 1.56% of the company’s shares, worth CA$409.35K. The average tenure of the management team and the board of directors is 3.5 years and 3.5 years respectively.

Key information

Eric Allard

Chief executive officer

CA$146.8k

Total compensation

CEO salary percentage	100.0%
CEO tenure	3.5yrs
CEO ownership	1.6%
Management average tenure	3.5yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eric Allard's remuneration changed compared to Tantalex Lithium Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Nov 30 2023	n/a	n/a	-CA$11m
Aug 31 2023	n/a	n/a	-CA$11m
May 31 2023	n/a	n/a	-CA$8m
Feb 28 2023	CA$147k	CA$147k	-CA$8m
Nov 30 2022	n/a	n/a	-CA$16m
Aug 31 2022	n/a	n/a	-CA$19m
May 31 2022	n/a	n/a	-CA$20m
Feb 28 2022	CA$84k	CA$84k	-CA$15m
Nov 30 2021	n/a	n/a	-CA$14m
Aug 31 2021	n/a	n/a	-CA$4m
May 31 2021	n/a	n/a	-CA$4m
Feb 28 2021	CA$84k	CA$84k	-CA$5m
Nov 30 2020	n/a	n/a	-CA$4m
Aug 31 2020	n/a	n/a	-CA$3m
May 31 2020	n/a	n/a	-CA$4m
Feb 29 2020	n/a	n/a	-CA$3m

Compensation vs Market: Eric's total compensation ($USD106.72K) is below average for companies of similar size in the Canadian market ($USD174.31K).

Compensation vs Earnings: Eric's compensation has increased whilst the company is unprofitable.

CEO

Eric Allard (50 yo)

3.5yrs

Tenure

CA$146,831

Compensation

Mr. Eric Allard, P.Eng. & P.Geo. served as an Independent Director at Horwood Exploration Corp. since April 27, 2022 until March 21, 2024 and serves as its Interim Chief Executive Officer, President and Di...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eric Allard	CEO, President & Director	3.5yrs	CA$146.83k	1.56% CA$ 409.3k
Kyle Appleby	Chief Financial Officer	9.2yrs	CA$101.25k	no data
Yves B. Kabongo	Director & Special Advisor of DRC Government Liaison Affairs	3.3yrs	CA$78.81k	no data
Jeffrey Lindhorst	Head of Exploration	3.5yrs	no data	no data
Eric Gagnon	ESG Manager	less than a year	no data	no data
Michel Lebeuf	Corporate Secretary	no data	no data	no data
Ndongo Rodrigue Dziengue	Vice President of Africa	no data	CA$116.67k	no data

3.5yrs

Average Tenure

50yo

Average Age

Experienced Management: TTX's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eric Allard	CEO, President & Director	4.1yrs	CA$146.83k	1.56% CA$ 409.3k
Yves B. Kabongo	Director & Special Advisor of DRC Government Liaison Affairs	3.3yrs	CA$78.81k	no data
Richard Creitzman	Director	less than a year	no data	0.15% CA$ 39.5k
Victor Cantore	Member of Advisory Board	6.7yrs	no data	no data
Simon Collins	Independent Director	2yrs	no data	5.28% CA$ 1.4m
Luisa de Fatima Moreno	Independent Director	7.7yrs	no data	no data
Jareth Natus	Chairman of the Board	3.5yrs	CA$73.10k	no data

3.5yrs

Average Tenure

50.5yo

Average Age

Experienced Board: TTX's board of directors are considered experienced (3.5 years average tenure).

Tantalex Lithium Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Tantalex Lithium Resources Corp., Annual General Meeting, Aug 02, 2023

Director recently bought CA$60k worth of stock

Director recently bought CA$84k worth of stock

No independent directors

No independent directors

CEO, President & Director exercised options to buy CA$475k worth of stock.

Recent updates

Tantalex Lithium Resources Corp. announced that it expects to receive $2.999985 million in funding

New major risk - Financial position

Tantalex Lithium Resources Corp. Announces First Tin and Tantaleum Concentrates Production Ready for Export

Tantalex Lithium Resources Corp. Files NI 43-101 Preliminary Economic Assessment Report for Manono Lithium Tailings Project

New major risk - Share price stability

Tantalex Lithium Resources Corp. announced that it has received CAD 1.30049 million in funding

Tantalex Lithium Resources Corp. announced that it has received CAD 1.10049 million in funding

New minor risk - Share price stability

New minor risk - Shareholder dilution

Tantalex Lithium Resources Corp. announced that it expects to receive CAD 1.709649 million in funding

Tantalex Lithium Resources Corp., Annual General Meeting, Aug 02, 2023

Tantalex Lithium Resources Corp. Provides an Update on Operational Activities

Director recently bought CA$60k worth of stock

Director recently bought CA$84k worth of stock

United Cominiere SAS Started Exploration Drilling on the Pegmatite Corridor Which Is Immediately Downstrike from the World's Largest Undeveloped Hard Rock Lithium Resource

No independent directors

Tantalex Lithium Resources Corp. announced that it has received CAD 1.218424 million in funding

Tantalex Lithium Resources Corp. Announces That the Final Assay Results Received from It's 2022 Infill Drilling Program on the K Dump Has Returned an Average Grade 0,946% Li2O from Surface

Tantalex Lithium Announces Results of the Metallurgical Testwork on A 331 Kg Composite Bulk Sample Collected from the K-Dump At Manono Reclamation Project Located in the Tanganyika Province of the Democratic Republic of Congo

Tantalex Lithium Resources Corp. Announces Assay Results Received to Date from It's 2117M Infill Drilling Program

Tantalex Lithium Resources Corp. announced that it has received $1.231784 million in funding

No independent directors

Tantalex Resources Corporation Provides Additional Assay Results Received from Drill Holes in the K Dump

Tantalex Resources Corporation Provides Overview of It's Exploration Activities for 2022

Tantalex Resources Corporation Reports Results from Initial Phase 1 Drilling Assay Results from 5 Dumps At Manono Lithium Tailings Project

Tantalex Resources Corporation announced that it has received CAD 0.5 million in funding

Tantalex Resources Corporation announced that it has received CAD 0.5 million in funding

CEO, President & Director exercised options to buy CA$475k worth of stock.

Tantalex Resources Provides Update on Drilling Aa Manono- Kitotolo Lithium & Tin Tailings

Tantalex Resources Corporation Announces the Commencement of Drilling Works on the Manono-Kitotolo Lithium and Tin Tailings Project

Tantalex Resources Corporation Appoints Yves Kabongo to Its Board of Directors

Tantalex Resources Corporation Enters into Non-Binding Mou Agreement with Ximei Resources (Hong Kong) Limited to Enter into Cooperation Model for Establishing Tantalum Refining Plant in the Manono Region, Tanganyika, in the Democratic Republic of the Congo

An undisclosed buyer acquired United Materials Congo SARL and United Cominière SAS from Tantalex Resources Corporation (CNSX:TTX).

Tantalex Resources Corporation announced that it has received CAD 1 million in funding from International Cobalt Corp.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age