REG - Eurasia Mining PLC - New Director Appointed

Eurasia MiningAnnouncement

18/05/2022 07:00

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RNS Number : 8550L  Eurasia Mining PLC  18 May 2022

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INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN EU REGULATION NO.
596/2014, INCORPORATED INTO UK LAW BY THE EUEOPEAN UNION (WITHDRAWAL) ACT 2018
AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT
REGULATION.

 

18 May 2022

 

Eurasia Mining Plc

 

New Director Appointed

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum,
rhodium, iridium and gold producing company is pleased to announce that Artem
Matyushok has been appointed as an independent Non-Executive Director of
Eurasia with immediate effect.

Highlights:

·      Artem Matyushok served in senior M&A roles with major Natural
Resource companies: total value of M&A deals executed is over $100bn

·      Mr. Matyushok has 20 years' experience in Energy & Natural
Resources

·      He is PhD and CIMA (UK) qualified, with strong appreciation of
Corporate Governance and diversity skills obtained through various assignments

·      Mr. Matyushok is a former Shell alumnus, where he participated in
several development projects and later was involved in Shell's incipient
Energy transition initiative including hydrogen and ammonia

AIM Disclosures

The following details in relation to the appointment of Mr Artem Vladimirovich
Matyushok, aged 41, are disclosed in accordance with Schedule 2(g) of the AIM
Rules:

 Current directorships or partnerships  Previous directorships or partnerships in the last 5 years
 H2Transition Capital LLP               OOO Ecco Ros
 Mav Capital Ltd                        China Carbon Neutral Development Group Ltd
 OOO Mav Solyushens
 H2Transitions Capital Holdings Ltd
 H4Transition Energy Limited

 

Mr Matyushok holds no ordinary shares or options in the Company.

 

 

Christian Schaffalitzky, Executive Chairman commented: "The Directors are
pleased that Artem Matyushok, a high profile M&A professional has agreed
to join Eurasia. The experience of Artem and his knowledge of Eurasia can
significantly speed up our Russian assets sale process".

 

James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "We welcome
Artem Matyushok on board to progress our M&A journey".

 

A copy of this announcement is also available on Eurasia's website at:

https://www.eurasiamining.co.uk/investors/news-announcements.

 

For further information, please contact:

 

Eurasia Mining Plc

Christian Schaffalitzky/ Keith Byrne

+44 (0)207 932 0418

 

SP Angel Corporate Finance LLP (Nomad and Joint Broker)

Ewan Leggat / David Hignell / Adam Cowl

+44 (0)20 3470 0470

 

Optiva Securities (Joint Broker)

Christian Dennis

Tel: +44 (0) 20 3137 1902

 

About Eurasia Mining Plc

 

Eurasia Mining plc is a PGM and battery metals producing company, operating
the established West Kytlim Mine in the Urals, and also being the operator of
the Monchetundra Project comprising two predominantly palladium open pit
deposits located 3km away from Severonickel, one of Norilsk Nickel's largest
base metals and PGM processing facilities, near the town of Monchegorsk on the
Kola Peninsula.

 

Eurasia's project portfolio also includes Nittis-Kumuzhya-Travyanaya (NKT),
Tier-1 scale Nickel mine formerly operated by Norilsk Nickel.

 

A parallel business development strategy based on the Hydrogen Economy forms a
new development arm of the Company.

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