REG - Arc Minerals Limited - Directorate Change

ARC MineralsAnnouncement

30/07/2025 10:30

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RNS Number : 1933T  Arc Minerals Limited  30 July 2025

30 July 2025

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service (RIS), this inside information
will be in the public

 

Arc Minerals Ltd

('Arc Minerals', 'Arc', or the 'Company')

Directorate Change

Arc Minerals (LSE:ARCM) announces that Mr Valentine Chitalu has resigned from
the Board of the Company with effect from today, 30 July 2025. In recent
months, Mr Chitalu's commitments to his other interests have increased
significantly, and he no longer believes he can devote sufficient time to
fulfil his responsibilities to Arc.

 

Valentine Chitalu commented:

 

"I have been privileged to be part of the Arc Minerals team and to contribute
to the company's exploration activities in Zambia and Botswana. I am proud of
the work that we have accomplished together and look forward to following
Arc's developments going forward."

 

Nick von Schirnding, Executive Chairman, commented:

 

"I would like to thank Valentine for his time and sage advice over the last
three and half years as a non-executive director and strategic advisor to Arc
and we wish him all the best going forward. We have commenced discussions
regarding other Zambian candidates to replace Valentine as a non-executive
director."

 

 

Forward-looking Statements

This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterised by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other
similar words or statements that certain events or conditions "may" or "will"
occur. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or results to
differ materially from estimated or anticipated events or results implied or
expressed in such forward-looking statements. Such factors include, among
others: the actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; possible variations in ore grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing; and fluctuations in metal prices. There
may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement speaks only
as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.

 

**ENDS**

For further information, contact:

 Arc Minerals
 Ltd

                                                                                           info@arcminerals.com
 Nick von Schirnding (Executive Chairman)

 Zeus Capital Ltd (Nominated Adviser & Joint Broker)                                         Tel: +44 (0) 20 3829 5000

 Katy Mitchell/Harry Ansell

 Shard Capital Partners LLP (Joint Broker)                                                   Tel: +44 (0) 20 7186 9952

 Damon Heath

 

For more information, visit www.arcminerals.com (http://www.arcminerals.com) .

 

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