REG - Ironveld PLC - Board Changes

IronveldAnnouncement

29/11/2024 15:00

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RNS Number : 2413O  Ironveld PLC  29 November 2024

29 November 2024

 

IRONVELD PLC

 

Board Changes

 

Ironveld PLC ("Ironveld" or the "Company"), the owner of a High Purity Iron
("HPI"), Vanadium, and Titanium project (the "Project"), located on the
Northern Limb of the Bushveld Complex in Limpopo Province, South Africa,
announces that Giles Clarke has informed the Company that he has taken the
decision to retire from the Board and as a Non-Executive Director of Ironveld,
with immediate effect.

 

In May 2024, Kristoffer Andersson was appointed as Chief Executive Officer of
Ironveld and since this time has worked alongside Dr John Wardle, Executive
Chairman, to identify key operational objectives and establish a strategy that
would enable the Company to realise the value from the Project. As a result of
the successful placing and subscription to raise £2.5 million, which
completed in November 2024, the Company is now well placed to implement this
strategy, and the Board looks forward to updating shareholders on progress in
the coming months.

 

Following Giles Clarke's resignation and completion of the capital raise, John
Wardle has assumed the role of Non-Executive Chairman of the Company.

 

John Wardle, Non-Executive Chairman, commented: "Giles has served on the Board
of Ironveld since 2010 and I would like to thank him for the support and
insight he has provided to the Company during this time.  The Board wish
Giles all the best for the future, and we now focus on a period when we expect
to see transformation progress at the Project, including increased production,
and the commencement of revenues and positive cash flow."

 

 

For further information, please contact:

 

 Ironveld plc                                            c/o BlytheRay

 Kristoffer Andersson, Chief Executive Officer           +44 20 7138 3204

 Cavendish Capital Markets Limited (Nomad and Broker)    +44 20 7220 0500

 Derrick Lee / Adam Rae
 Turner Pope Investments (TPI) Ltd (Joint Broker)        +44 20 3657 0050

 Andrew Thacker / James Pope
 BlytheRay                                               +44 20 7138 3204

 Tim Blythe / Megan Ray

 

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