REG - Future Metals NL - Company Update

Future Metals NLAnnouncement

09/08/2024 08:15

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RNS Number : 8892Z  Future Metals NL  09 August 2024

Company Update
Continued Reduction in Corporate Expenditure

 

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME), advises
that, in line with the Company's focus on prudent financial management and
maintaining cash during the current period of low PGM prices, the Company's
Executive Chair, Mr Patrick Walta, has voluntarily nominated to transition to
a part time role with a reduced salary of $5,000 per month (from $30,000 per
month) within effect from 1 August 2024.

All other terms of Mr Walta's employment contract remain unchanged.

The Company continues to maintain a focus on:

-     Drilling priority targets at Eileen Bore and within the Alice Downs
Corridor, targeting new discoveries of Cu-Ni-PGM mineralisation in proximity
to potential future operations at its Panton PGM Project;

-     Assessment of potential copper and precious metals project
opportunities and/or asset within strategic proximity to the Panton PGM
Project; and

-     Low-cost development opportunities at the Panton PGM Project and
continued financial management of the Company.

 

This announcement has been approved for release by the Board of Future Metals
NL.

For further information, please contact:

 

 

 Future Metals NL                                         +61 8 9480 0414
 Patrick Walta                                            info@future-metals.com.au (mailto:info@future-metals.com.au)

 Strand Hanson Limited (Nominated Adviser and UK Broker)  +44 (0) 20 7409 3494
 James Bellman / Rob Patrick

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as is forms part of United Kingdom domestic law pursuant to
the European Union (Withdrawal) Act 2018, as amended by virtue of the Maret
Abuse (Amendment) (EU Exit) Regulations 2019.

 

 

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