STOCK TITAN

Military Metals Announces Management Changes

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) has announced significant management changes. Scott Eldridge has been appointed as the new Chief Executive Officer and a member of the Board of Directors, replacing Latika Prasad, who will continue to serve on the board. Eldridge brings 17 years of experience in the mining sector, covering capital markets, finance, M&A, corporate governance, and strategic planning.

Eldridge's background includes co-founding Euroscandic International Group, where he raised over $350 million for project finance. He has held key positions in various mining companies, including CFO of Amarillo Gold and CEO of Canagold Resources. Additionally, Adam Giddens has resigned from the Board of Directors.

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) ha annunciato importanti cambiamenti dirigenziali. Scott Eldridge è stato nominato nuovo Amministratore Delegato e membro del Consiglio di Amministrazione, sostituendo Latika Prasad, che continuerà a servire nel consiglio. Eldridge porta con sé 17 anni di esperienza nel settore minerario, comprendente mercati di capitali, finanza, fusioni e acquisizioni, governance aziendale e pianificazione strategica.

Il background di Eldridge include la co-fondazione di Euroscandic International Group, dove ha raccolto oltre $350 milioni per il finanziamento di progetti. Ha ricoperto ruoli chiave in diverse aziende minerarie, inclusi CFO di Amarillo Gold e CEO di Canagold Resources. Inoltre, Adam Giddens si è dimesso dal Consiglio di Amministrazione.

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) ha anunciado importantes cambios en la gestión. Scott Eldridge ha sido nombrado nuevo Director Ejecutivo y miembro de la Junta Directiva, reemplazando a Latika Prasad, quien continuará sirviendo en la junta. Eldridge aporta 17 años de experiencia en el sector minero, abarcando mercados de capitales, finanzas, fusiones y adquisiciones, gobernanza corporativa y planificación estratégica.

La trayectoria de Eldridge incluye la co-fundación de Euroscandic International Group, donde recaudó más de $350 millones para la financiación de proyectos. Ha ocupado posiciones clave en varias empresas mineras, incluyendo CFO de Amarillo Gold y CEO de Canagold Resources. Además, Adam Giddens ha renunciado a la Junta Directiva.

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9)는 중요한 경영 변화를 발표했습니다. Scott Eldridge가 새로운 CEO로 임명되고 이사회 구성원이 되며, Latika Prasad를 대체합니다. Latika Prasad는 이사회에서 계속 활동할 예정입니다. Eldridge는 자본 시장, 금융, M&A, 기업 지배구조 및 전략적 계획을 포함한 17년의 경험을 보유하고 있습니다.

Eldridge는 Euroscandic International Group을 공동 설립하여 3억 5천만 달러 이상의 프로젝트 자금을 조달한 경력이 있습니다. 그는 Amarillo Gold의 CFO와 Canagold Resources의 CEO 등 여러 광업 회사에서 주요 직책을 역임했습니다. 또한, Adam Giddens가 이사회에서 사임했습니다.

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) a annoncé des changements significatifs dans la direction. Scott Eldridge a été nommé nouveau Directeur Général et membre du Conseil d'Administration, remplaçant Latika Prasad, qui continuera à siéger au conseil. Eldridge apporte 17 ans d'expérience dans le secteur minier, comprenant les marchés de capitaux, la finance, les fusions et acquisitions, la gouvernance d'entreprise et la planification stratégique.

Le parcours d'Eldridge comprend la co-fondation du groupe Euroscandic International, où il a levé plus de 350 millions de dollars pour le financement de projets. Il a occupé des postes clés dans diverses entreprises minières, y compris CFO d'Amarillo Gold et CEO de Canagold Resources. De plus, Adam Giddens a démissionné de son poste au Conseil d'Administration.

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) hat bedeutende Änderungen im Management bekannt gegeben. Scott Eldridge wurde zum neuen Geschäftsführer und Mitglied des Vorstands ernannt, um Latika Prasad zu ersetzen, die weiterhin im Vorstand tätig sein wird. Eldridge bringt 17 Jahre Erfahrung im Bergbausektor mit, einschließlich Kapitalmärkte, Finanzen, M&A, Corporate Governance und strategische Planung.

Eldriges Hintergrund umfasst die Mitgründung der Euroscandic International Group, wo er über 350 Millionen Dollar für Projektfinanzierungen aufgebracht hat. Er hatte entscheidende Positionen in verschiedenen Bergbauunternehmen inne, darunter CFO von Amarillo Gold und CEO von Canagold Resources. Darüber hinaus hat Adam Giddens seinen Rücktritt aus dem Vorstand bekannt gegeben.

Positive
  • Appointment of experienced mining executive Scott Eldridge as CEO
  • Eldridge brings 17 years of industry experience across various aspects of the mining sector
  • New CEO has a track record of raising significant capital ($350M+) for project finance
Negative
  • Departure of previous CEO Latika Prasad from the executive role
  • Resignation of Adam Giddens from the Board of Directors

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2024) - Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) (the "Company") announces the appointment of Scott Eldridge as Chief Executive Officer and as a member of the Board of Directors. Latika Prasad has stepped down from the CEO role and will continue to serve on the Board of Directors. The Company thanks her for her dedication during her tenure as CEO.

Mr. Eldridge is a seasoned mining executive with 17 years of experience in the sector covering all aspects of the mining sector including capital markets, finance, M&A, corporate governance and strategic planning. He has held key positions across the mining industry covering buy-side, sell-side and issuer roles. His global network includes investors and government-level contacts in specialty metals.

Mr. Eldridge was a co-founder of Euroscandic International Group, an advisory firm where he raised upwards of $350M of combined equity and non-equity for project finance for mine builds. Mr. Eldridge served as CFO and VP Finance of Amarillo Gold prior to its takeover by Hochschild Mining. He also served as CEO of Canagold Resources for 4 years, and is CEO of United Lithium.

Mr. Eldridge conducted his bachelor studies at Capilano University in Vancouver, Canada and Arcada University in Helsinki, Finland and received his M.B.A. at Central European University in Budapest, Hungary.

Board Change

Adam Giddens has resigned from the Board of Directors, and the Company thanks him for his dedication and service during his tenure.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition and exploration of mineral properties. The Company's sole mineral property interest is the Manson Bay Project located in the Province of Saskatchewan.

For more information, please contact:

Scott Eldridge
CEO and Director
scott@militarymetalscorp.com

For enquiries, please call 604-722-5381

This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223710

FAQ

Who is the new CEO of Military Metals Corp (MILIF)?

Scott Eldridge has been appointed as the new Chief Executive Officer of Military Metals Corp (MILIF).

What experience does Scott Eldridge bring to Military Metals Corp (MILIF)?

Scott Eldridge brings 17 years of experience in the mining sector, covering capital markets, finance, M&A, corporate governance, and strategic planning. He has also raised over $350 million for project finance in his previous roles.

What management changes occurred at Military Metals Corp (MILIF) in September 2024?

In September 2024, Scott Eldridge was appointed as CEO and board member, Latika Prasad stepped down as CEO but remains on the board, and Adam Giddens resigned from the Board of Directors.

What are Scott Eldridge's previous roles in the mining industry before joining Military Metals Corp (MILIF)?

Scott Eldridge previously served as CFO and VP Finance of Amarillo Gold, CEO of Canagold Resources for 4 years, and is currently CEO of United Lithium. He also co-founded Euroscandic International Group.

MILITARY METALS CORP

OTC:MILIF

MILIF Rankings

MILIF Latest News

MILIF Stock Data

13.14M
50.66M
6.52%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Vancouver