Ecometals Ltd. announced that effective November 8, 2012, the board of directors has resolved to appoint Mr. Lawrence M. Clark, Jr. to the Board of the company. Mr. Clark founded BalanTrove Partners in early 2011. BalanTrove is a New York based advisory firm focused on corporate finance, strategic and legal issues facing small to medium size organizations.

Prior to founding BalanTrove Mr. Clark was a Managing Director and Director of Investments of Harbinger Capital Partners LLC from 2002 to 2011 where he was responsible for investments in metals, mining, industrials, and retail companies, among other sectors. At the same time as his appointment, the Board received resignations from both Fran Scola and Christophe Charlier. Consequently, Mr. Clark will be taking on the role of Chairman.