NQ Minerals PLC - Board changes
RNS Number : 9820D
NQ Minerals PLC
02 July 2021
 

For immediate release 

 

2 July 2021

 

NQ Minerals Plc

 

Board changes

 

London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB: NQMIY; Frankfurt: 44D) (the "Company") announces that Mr Allen Ambrose, having served as Non-Executive Director of the Company for five years, has decided to stand down from the Board with effect from 30 June 2021.

 

The Company is also pleased to announce that Mr Richard Poulden has been appointed to the Board as a Non-Executive Director effective immediately. Richard brings a wealth of experience as a successful businessman and entrepreneur, with a strong record of serving on boards of public companies.

 

Richard, a qualified Barrister, has founded natural resources, healthcare, retail, and internet-based technology companies where he has executed strategies for growth by acquisition in all sectors. Richard was Chairman and CEO of AIM quoted Sirius Minerals Plc, where he oversaw the transformation of the company into a substantial potash company achieved through a series of company acquisitions in Australia, USA, and the UK. He is currently Chairman of Wishbone Gold Plc, which was one of the top performing mining shares on AIM last year. He is also Chairman of Valereum Blockchain Plc, quoted on AQUIS, which is at the forefront of blockchain technology linked to securities. In his early career Richard has an MA in Jurisprudence from Oxford and an MBA from the London Business School.

 

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About NQ Minerals

NQ Minerals is a green mining company focused on the environmental rehabilitation and sustainable exploration and extraction of minerals required for a net zero emissions world at former precious metal mining locations in Australia.

 

NQ commenced environmental rehabilitation and base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. In 2021, rehabilitation and exploration work began at its second flagship project, the historic high-grade Beaconsfield Gold Mine in Tasmania which it is planning to bring back into production later this year.

 

NQ Minerals' stock is dual listed on London's AQSE exchange (AQSE: NQMI) and the Frankfurt Stock Exchange (FSE: 44D) and can be traded on the US OTC Markets (OTCQB: NQMLF). The Company also has a 1:100 American Depository Receipt ("ADR") traded on the OTC Markets (OTCQB: NQMIY). For further information, please visit www.nqminerals.com.

 

 

For further information, please contact:

 

NQ Minerals plc 

David Lenigas, Chairman 

lenigas@nqminerals.com 

Adrian Moroz, Director and CFO 

Adrian.moroz@nqminerals.com 

 

Media Enquiries 

IFC Advisory Limited 

Graham Herring / Tim Metcalfe 

graham.herring@investor-focus.co.uk 

Tel: +44 (0) 203 934 6630 (United Kingdom) 

 

Corporate Adviser 

First Sentinel Corporate Finance Limited 

Brian Stockbridge / Gabrielle Cordeiro 

Tel: +44 (0) 207 183 7407 (United Kingdom) 

 

Corporate Broker 

VSA Capital Limited 

Andrew Monk/Maciek Szymanski 

+ 44 (0) 203 005 5000 (United Kingdom) 

 

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. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 

 

The Following section relates to NQ Minerals Plc's news releases distributed in the United States: 

 

Cautionary Note to US Investors  

 

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the SEC Industry Guide 7. The Company may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.  

 

Cautionary Note Regarding Forward-Looking Statements 

 
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ materially from those currently anticipated are risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. The Company expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law. 

 

 

 

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