Trading Symbol
LSE: AYM
20th December
2021
Anglesey Mining
plc
(“Anglesey” or
“the Company”)
Appointment of two
new Non-Executive directors
Anglesey Mining plc (LSE:AYM), the UK minerals development
company, is extremely pleased to announce that Namrata Verma and Andrew
King have been appointed as independent, Non-Executive
Directors with immediate effect.
After an extensive search, Anglesey Mining has appointed two
experienced minerals industry executives to the Board as
independent directors to guide the management team in the
development of the Parys Mountain and Grangesberg Iron
projects. Their combined experience in the financing sector
of the minerals industry worldwide will be invaluable in the
successful future funding of both projects.
- Namrata Verma is an
experienced corporate finance executive with strong credentials in
advising metals and mining companies with assets at the
pre-feasibility and feasibility stages on project bankability,
growth strategies, funding options, and financing execution.
She is the founder of Terrafranca Advisory, which was set up in
2015 to provide independent debt financing advice to early-stage
and small and mid-cap mining companies and investors. She has
advised on bankability considerations, debt structuring, and
arranging on numerous mining projects in Europe and Africa.
Namrata previously had more than a decade of experience at Standard
Chartered Bank, in Asia and the
UK, where she was a director in the mining finance team focused on
advising and arranging project and structured debt financing,
acquisition financing and working capital funding for mining and
metals clients. Namrata holds a Bachelor of Engineering from
Nanyang Technological University,
Singapore and an MBA from
London Business School, UK.
- Andrew King is a proven
business leader with more than 25 years’ experience in the mining
and metals sector where his management experience has encompassed
strategic, financial and operational oversight. He is currently
Managing Director of Scanmetals A/S, a specialist metal recycling
business based in both the UK and Denmark, and prior thereto he was Group
Director-Business Development at Amalgamated Metal Corporation
Plc.
For fifteen years Andrew held various roles with Standard Bank plc,
including Head of Resource Banking, Global Co-Head Investment
Banking, and Chief Executive Standard Bank Asia. Earlier in his
career he worked with BMO Nesbitt Burns and Warrior International.
Other directorships have included Avnel Gold Mining Limited and
Rame Energy plc. Andrew obtained a BSc in Metallurgical Engineering
from the University of the Witwatersrand, South Africa and an MBA from London Business School, UK.
John Kearney, Chairman of
Anglesey Mining, commented:
“We are particularly pleased that
Namrata and Andrew have agreed to join our Board. They will
strengthen and enhance the Board and will bring very extensive and
relevant experience and the highest of reputations in their own
particular sectors. It is a testament to the opportunity in
Anglesey’s assets that after significant due diligence on each of
their parts they both have agreed to join Anglesey to be part of
our ongoing journey.”
“We look forward to Namrata and
Andrew working with us and with our new Chief Executive
Jo Battershill, to provide major
input and guidance into our project development and funding
activities in the near future.”
About Anglesey Mining plc
Anglesey Mining is listed on the London Stock Exchange and
currently has 248,070,732 ordinary shares on issue.
Anglesey is developing its 100% owned Parys Mountain
copper-zinc-lead deposit in North
Wales, UK with a 2020 reported resource of 5.2 million
tonnes at 4.3% combined base metals in the Indicated category and
11.7 million tonnes at 2.8% combined base metals in the Inferred
category.
Anglesey holds an almost 20% interest, and management rights to the
Grangesberg Iron project in Sweden, together with a right of first refusal
to increase its interest by a further 50.1%. Anglesey also
holds 12% of Labrador Iron Mines Holdings Limited which holds
direct shipping iron ore deposits in Labrador and Quebec.
For further information, please
contact:
John Kearney, Chairman + 1 416 362
6686
Jo Battershill, Chief Executive
+44 (0)7540 366000
LEI: 213800X8BO8EK2B4HQ71