NEW YORK - Critical Metals Corp (NASDAQ:CRML), a $606 million market cap mining development company specializing in metals and minerals essential for electrification and advanced technologies, announced the appointment of Mr. Steven R Parkes as its new Chief Financial Officer, effective Monday. The company's stock currently trades at $7.68, having declined nearly 29% year-to-date according to InvestingPro data. The company also disclosed that Ms. Carolyn Trabuco has stepped down from her role as an Independent (LON:IOG) Director.
Mr. Parkes succeeds Ms. Melissa Chapman, who has been serving as Interim CFO since the company's Nasdaq debut in February 2024. She is credited with her contributions during the listing process, particularly in managing the challenges of different time zones, as she is based in Australia. The Board expressed its gratitude to Ms. Chapman for her efforts during this critical phase.
Bringing over three decades of international financial management experience, Mr. Parkes has held senior financial roles in various global companies, such as RGP, WPP (LON:WPP), Omnicom, Mach7 Technologies, and USHealthConnect. His background includes nine years in public accounting with PKF International in Australia and significant expertise in both USA and Australian accounting standards. Mr. Parkes, a Certified Public Accountant since 2003, also holds a Bachelor of Business Administration in Accounting from the University of Newcastle.
Ms. Trabuco's departure from the Board was announced alongside Mr. Parkes' appointment. She joined the Board through the company's business combination with Sizzle Acquisition Corp., where she served as a Director. The Board acknowledged her significant contributions, especially during Critical Metals Corp's successful Nasdaq listing and strategic acquisitions. The search for Ms. Trabuco's successor is underway, with an announcement expected soon.
Critical Metals Corp's flagship project, the Wolfsberg Lithium Project in Austria, is Europe's first fully permitted lithium mine, positioned to support the European market with key lithium products. The company has emphasized its strategic location and partnerships as a part of its expanding critical metals portfolio. InvestingPro analysis indicates the company currently operates with moderate debt levels but faces profitability challenges, with an EBITDA of -$3.22 million in the last twelve months. For deeper insights into Critical Metals' financial health and additional analysis, investors can access more than 30 key metrics and exclusive ProTips on InvestingPro.
This news is based on a press release statement and includes forward-looking statements subject to risks, uncertainties, and potentially inaccurate assumptions. These statements do not guarantee future performance and involve risks detailed in the company's filings with the U.S. Securities and Exchange Commission.
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