LONDON - Ironveld PLC, which owns a High Purity Iron, Vanadium, and Titanium project in South Africa, announced the retirement of Giles Clarke from the Board and his position as a Non-Executive Director. Clarke's departure is effective immediately, following a period of strategic development and a successful capital raise.
Clarke has contributed to the company since 2010, offering guidance and insight. His retirement comes after the appointment of Kristoffer Andersson as CEO in May 2024 and the completion of a £2.5 million capital raise in November 2024. These developments have positioned Ironveld to implement strategies aimed at realizing the Project's value.
With Clarke stepping down, Dr. John Wardle, who has been working closely with Andersson to set operational objectives, has transitioned to the role of Non-Executive Chairman. Wardle expressed gratitude for Clarke's service and anticipates a transformative period for the company, including increased production and the start of revenue and positive cash flow.
The Board is preparing to update shareholders on the company's progress in the near future. This announcement is based on a press release statement from Ironveld PLC.
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