REG - Guardian Metal Rsrc. - Board Update

Guardian Metal ResourcesAnnouncement

10/12/2024 07:00

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RNS Number : 4128P  Guardian Metal Resources PLC  10 December 2024

10 December 2024

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Board Update

 

Guardian Metal Resources plc (AIM: GMET, OTCQX:GMTLF), a mineral exploration
company focused on tungsten within Nevada, USA, announces the following Board
changes.

David Ovadia is stepping down as Non-Executive Director. His role as Chairman
will be filled by Independent Non-Executive Director J.T. Starzecki and Mr.
Starzecki will also become a member of the Remuneration Committee. Mr.
Starzecki, who resides in the USA, is a current member of the Guardian Metal
Board of Directors (the "Board"), where he brings almost 20 years of mineral
exploration and development experience, including on the AIM, FTSE, ASX and
Nasdaq exchanges. J.T. will begin serving as Non-Executive Chairman at the
Company's upcoming Annual General Meeting on 11 December, 2024.

The Company also announces the appointment of Mr Benjamin ("Ben") James Hodges
as Financial Director, commencing on 10 December 2024.   Mr Hodges is a
Fellow of CPA Australia with 25 years' experience in both the accounting
profession and in industry, including over sixteen years' experience in
natural resources. He has extensive experience of working with publicly listed
growth companies on AIM, the TXSV and the ASX.

Incoming Non-Executive Chairman JT Starzecki said:

"I am delighted to be taking on the role of Chairman of Guardian Metal.  This
is a pivotal time in the Company's growth as our flagship Pilot Mountain
Project moves through the next very important development steps including the
pre-feasibility study, a process I have been involved with multiple times in
my career. The time is now for the U.S. to have a domestically mined supply of
tungsten and at Guardian Metal we are looking forward to playing an important
role in the important onshoring efforts underway.

"I would also like to extend my sincere gratitude to Mr. Ovadia for serving as
our Chairman since September 2021. His contributions in helping Guardian Metal
move from concept to listed company have been invaluable and I wish him the
best in his future endeavours.

"I am delighted that Ben is also joining the Board of Guardian Metal.  He
brings with him a wealth of experience and his business acumen will be a great
help to us as we look to grow the business through to the end of 2024 and well
beyond."

 

Outgoing Non-Executive Chairman David Ovadia said:

"It has been a privilege and a pleasure to have served as Chairman since the
Company was set up, during which time it achieved a successful IPO and has
seen a substantial growth in activity and share price. I am confident that it
now stands ready for a new and exciting phase of maturity as it moves to
accelerate development of the Pilot Mountain and other projects, and I have
taken the decision that this is the right time for me to retire fully from
corporate activities and to make way for new ideas and skills to be introduced
in my place.  I wish the Company and its staff every success."

Regulatory Disclosures:

The following information is disclosed pursuant to Rule 17 and Schedule Two
paragraph (g) of the AIM Rules for Companies in relation to Mr. Hodges, aged
50:

  Current directorships and/or partnerships:   Former directorships and/or partnerships (within the last five years):

 EnergyPathways plc

 Alcester Projects Limited

 Arcontech Limited

 First Development Resources Plc
 Cayo Holdings Limited

Mr. Hodges owns 115,010 shares in Guardian Metal through a Self-Invested
Personal Pension.

There is no further information to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM rules.

For further information visit www.guardianmetalresources.com
(http://www.guardianmetalresources.com) or contact the following:

 Guardian Metal Resources plc                 Tel: +44 (0) 20 7583 8304

 Oliver Friesen (CEO)
 Cairn Financial Advisers LLP                 Tel: +44 20 7213 0880

 Nominated Adviser

 Sandy Jamieson/Jo Turner/Louise O'Driscoll
 Shard Capital Partners LLP                   Tel: +44 (0) 20 7186 9000

 Broker

 Damon Heath/Erik Woolgar

 

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