Metals Acquisition Corp. Announces Neville Power as New Board Chair

Rhea-AI Summary

The Board of Directors of Metals Acquisition Corp. (NYSE: MTAL) has appointed Neville Power as the new Chair, following the resignation of Patrice Merrin. Ms. Merrin will remain an independent director. The Company focuses on mergers and acquisitions in the green-economy metals and mining sectors, led by CEO Mick McMullen. This leadership change is aimed at strengthening strategic decisions as the Company pursues its initial business combinations.

Positive

• Leadership change with Neville Power as new Chair could bring strategic advantages.
• Focus on green-economy metals positions the company in a growing market.

Negative

• None.

FORT WORTH, Texas--(BUSINESS WIRE)-- The Board of Directors (the “Board”) of Metals Acquisition Corp. (NYSE: MTAL.U) (the “Company”) announced today that the Board has elected Neville Power as its new Chair effective immediately, succeeding Patrice Merrin who has voluntarily resigned as Chair of the Board. Ms. Merrin remains an independent director on the Board.

The Board thanks Ms. Merrin for her service as Chair.

About the Company

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company is led by Mick McMullen (Chief Executive Officer), Jaco Crouse (Chief Financial Officer) and Dan Vujcic (Chief Development Officer). The Company is focused on green-economy metals and mining businesses in high quality, stable jurisdictions.

Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including with respect to the anticipated separate trading of the Company’s Class A ordinary shares and redeemable warrants and the pursuit of an initial business combination. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220824005698/en/

Metals Acquisition Corp.

Mick McMullen

Chief Executive Officer

+1 (817) 698-9901

investors@metalsacqcorp.com



Dan Vujcic

Chief Development Officer

Metals Acquisition Corp.

+44 7825 090950

Source: Metals Acquisition Corp.

FAQ

Who is the new Chair of Metals Acquisition Corp. as of October 2023?

Neville Power has been elected as the new Chair of Metals Acquisition Corp.

What is the focus of Metals Acquisition Corp.?

Metals Acquisition Corp. focuses on mergers and acquisitions in green-economy metals and mining businesses.

What significant change occurred in the Board of Metals Acquisition Corp.?

Patrice Merrin resigned as Chair, and Neville Power has been appointed as her successor.

What is the significance of Neville Power's appointment for Metals Acquisition Corp.?

Neville Power's appointment may enhance strategic decision-making as the company seeks initial business combinations.