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Madison Metals Officer Resignation

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Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) has announced the immediate resignation of Ryan Thompson from his position as Chief Strategy Officer. Mr. Thompson will continue to provide advisory services to the company's management. Duane Parnham, Executive Chairman and CEO, expressed gratitude for Thompson's contributions and highlighted the ongoing benefit of his experience and expertise in an advisory role.

Madison Metals reaffirmed its commitment to fast-tracking uranium production through innovative technologies and modern strategies. The company believes this transition will enhance its ability to deliver value to shareholders and stakeholders.

Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) ha annunciato le dimissioni immediate di Ryan Thompson dal suo incarico di Chief Strategy Officer. Il signor Thompson continuerà a fornire servizi di consulenza alla direzione dell'azienda. Duane Parnham, Presidente Esecutivo e CEO, ha espresso gratitudine per i contributi di Thompson e ha sottolineato il continuo beneficio della sua esperienza e competenza in un ruolo consultivo.

Madison Metals ha riaffermato il suo impegno nel velocizzare la produzione di uranio attraverso tecnologie innovative e strategie moderne. L'azienda crede che questa transizione migliorerà la sua capacità di fornire valore agli azionisti e alle parti interessate.

Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) ha anunciado la renuncia inmediata de Ryan Thompson a su cargo de Chief Strategy Officer. El Sr. Thompson continuará brindando servicios de asesoría a la dirección de la empresa. Duane Parnham, Presidente Ejecutivo y CEO, expresó su agradecimiento por las contribuciones de Thompson y destacó el beneficio continuo de su experiencia y conocimientos en un rol de asesoría.

Madison Metals reafirmó su compromiso de acelerar la producción de uranio mediante tecnologías innovadoras y estrategias modernas. La empresa cree que esta transición mejorará su capacidad para ofrecer valor a sus accionistas y partes interesadas.

매디슨 메탈스 주식회사(Madison Metals Inc.) (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0)는 라이언 톰슨(Ryan Thompson)의 즉각적인 사임을 최고 전략 책임자(Chief Strategy Officer) 직에서 발표했습니다. 톰슨은 회사 경영진에게 자문 서비스를 계속 제공할 것입니다. 두안 파나햄(Duane Parnham), 대표이사 겸 CEO는 톰슨의 기여에 대한 감사를 표하였으며 그의 경험과 전문성이 자문 역할에서 계속 유익하다는 점을 강조했습니다.

매디슨 메탈스는 혁신적인 기술과 현대적인 전략을 통해 우라늄 생산을 가속화할 것을 재확인했습니다. 이 회사는 이러한 전환이 주주와 이해관계자에게 가치를 제공하는 능력을 향상할 것이라고 믿고 있습니다.

Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) a annoncé la démission immédiate de Ryan Thompson de son poste de directeur de la stratégie. M. Thompson continuera à fournir des services de conseil à la direction de l'entreprise. Duane Parnham, président exécutif et PDG, a exprimé sa gratitude pour les contributions de Thompson et a souligné le bénéfice continu de son expérience et son expertise dans un rôle consultatif.

Madison Metals a réaffirmé son engagement à accélérer la production d'uranium grâce à des technologies innovantes et des stratégies modernes. L'entreprise croit que cette transition renforcera sa capacité à créer de la valeur pour ses actionnaires et ses parties prenantes.

Madison Metals Inc. (CSE: GREN, OTCQB: MMTLF, FSE: 4EF0) hat den sofortigen Rücktritt von Ryan Thompson als Chief Strategy Officer angekündigt. Herr Thompson wird weiterhin Beratungsdienste für das Management des Unternehmens bereitstellen. Duane Parnham, Vorstandsvorsitzender und CEO, drückte seine Dankbarkeit für Thompsons Beiträge aus und hob den fortdauernden Nutzen seiner Erfahrung und Expertise in einer beratenden Rolle hervor.

Madison Metals bestätigte sein Bekenntnis zur Beschleunigung der Uranproduktion durch innovative Technologien und moderne Strategien. Das Unternehmen ist der Meinung, dass dieser Übergang seine Fähigkeit zur Wertschöpfung für Aktionäre und Interessengruppen verbessern wird.

Positive
  • Ryan Thompson will continue to provide advisory services, retaining his expertise within the company
  • The company reaffirms its commitment to fast-tracking uranium production through innovative technologies
Negative
  • Immediate resignation of the Chief Strategy Officer, potentially disrupting current strategic initiatives

TORONTO, July 31, 2024 (GLOBE NEWSWIRE) --  Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) announces that Ryan Thompson has resigned from his position as Chief Strategy Officer, effective immediately. Mr. Thompson will continue to provide advisory services to management.

"The board wishes to thank Mr. Thompson for his valuable contributions to Madison throughout his tenure as Chief Strategy Officer and the Company will still be able to utilize his experience and expertise as he will continue as an advisor to the Company," said Duane Parnham, Executive Chairman and CEO for Madison.

Madison remains committed to its vision of fast-tracking uranium production through innovative technologies and modern strategies. The Company is confident that this transition will further enhance its ability to deliver value to its shareholders and stakeholders.

About Madison Metals Inc.

Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada. With over 50 years of mining experience, including 22 years in Namibia, its management team has geological and financial expertise and a track record of creating shareholder value.

Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the Company’s SEDAR+ profile at www.sedarplus.ca.

For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Madison Metals Inc.
+1 (416) 489-0092
ir@madisonmetals.ca

Media inquiries:
Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
media@primorisgroup.com  

Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements regarding the proposed future exploration and drilling by Madison.

Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future.

Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others: the global economic climate; competition; labour shortages, and unanticipated expenses of the Company. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: failure of the Company or its contractual partners to fulfil their respective obligations under agreements; unanticipated delays in drilling as described in this press release; the impact the COVID 19 pandemic may have on the Company’s activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; accidents, labour disputes and shortages; environmental risks; and other risks of the mining industry.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

You can find further information with respect to these and other risks in filings made with the Canadian securities regulatory authorities that are available on the Company’s SEDAR+ profile page at www.sedarplus.ca. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.


FAQ

Why did Ryan Thompson resign as Chief Strategy Officer of Madison Metals (MMTLF)?

The press release does not specify the reason for Ryan Thompson's resignation as Chief Strategy Officer of Madison Metals (MMTLF). It only states that the resignation is effective immediately.

Will Ryan Thompson continue to work with Madison Metals (MMTLF) after his resignation?

Yes, Ryan Thompson will continue to provide advisory services to Madison Metals (MMTLF) management after his resignation as Chief Strategy Officer.

How does Madison Metals (MMTLF) plan to maintain its strategic direction after the CSO's resignation?

Madison Metals (MMTLF) states it remains committed to fast-tracking uranium production through innovative technologies and modern strategies. The company believes this transition will enhance its ability to deliver value to shareholders and stakeholders.

Who is the current CEO of Madison Metals (MMTLF)?

The current CEO of Madison Metals (MMTLF) is Duane Parnham, who also serves as the Executive Chairman of the company.

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