August 12, 2025 (Source) — Resouro Strategic Metals Inc. (ASX: RAU; TSX-V: RSM; OTCQB: RSGOF; FSE: 8TX;) (“Resouro” or the “Company”) announces that Alistair Stephens has resigned from the position of Chief Executive Officer, effective immediately.
The Board of Directors thanks Mr. Stephens for his service to the Company and wishes him well in his future endeavours.
Christopher Eager, the current Executive Chairman, will assume the role of CEO effective immediately. Mr. Eager brings 34 years’ of experience as a mining engineer and will ensure continuity of leadership and ongoing commitment to advancing Resouro’s strategic objectives.
The Company is also initiating the process to appoint a Chairman to further strengthen the leadership team.
This announcement has been authorized for release by the Board of Directors.
Contact Information:
| Chris Eager, Executive Chair (Santiago) [email protected] +44 7388 0579809 | Emily Evans, SPOKE Media and Content Manager [email protected] +61 401 337 959 |
About the Company
Resouro is a Canadian incorporated mineral exploration and development company, listed on the ASX, TSXV, OTC and FSE, focused on the discovery and advancement of economic mineral projects in Brazil, including the Tiros Titanium-Rare Earths Project and the Novo Mundo Gold Project. The Tiros project has 28 mineral concessions totalling 497 km2 located in the state of Minas Gerais, one of the best infrastructurally developed states of Brazil, 350 km from the state capital of Belo Horizonte. Resouro’s Mineral Resource Estimate for the Tiros Project contains 165 million tonnes of titanium dioxide and 5.5 million tonnes of total rare earths oxides within a Measured and Indicated Resource of 1.4 billion tonnes at 12% TiO2 and 4,000 ppm TREO.
Note: Further details of the Company’s JORC MRE are contained within the Company’s ASX announcement of 9 April, 2025/TSX-V 8 April 2025. Resouro is not aware of any new information or data that materially affects the information included in the Company’s announcement and that all material assumptions and technical parameters underpinning the estimates referred to therein continue to apply and have not materially changed.
Resouro Strategic Metals Inc., capital structure
| ASX Chess Depositary Interests | 47,883,723 |
| TSXV Common Stock | 44,706,326 |
| Total on Issue | 92,590,049 |
| Options issued under the Company Plan | 12,495,000 |
| Options issued to Brokers | 1,843,643 |
| Warrants issued to Brokers | 600,616 |
| Performance Rights | 750,000 |
| Fully Diluted Securities | 108,279,308 |
Forward-Looking Information
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in the mining industry; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the ASX, OTC, TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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