Military Metals Announces Management Changes

Rhea-AI Summary

Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) has announced significant management changes. Scott Eldridge has been appointed as the new Chief Executive Officer and a member of the Board of Directors, replacing Latika Prasad, who will continue to serve on the board. Eldridge brings 17 years of experience in the mining sector, covering capital markets, finance, M&A, corporate governance, and strategic planning.

Eldridge's background includes co-founding Euroscandic International Group, where he raised over $350 million for project finance. He has held key positions in various mining companies, including CFO of Amarillo Gold and CEO of Canagold Resources. Additionally, Adam Giddens has resigned from the Board of Directors.

Positive

• Appointment of experienced mining executive Scott Eldridge as CEO
• Eldridge brings 17 years of industry experience across various aspects of the mining sector
• New CEO has a track record of raising significant capital ($350M+) for project finance

Negative

• Departure of previous CEO Latika Prasad from the executive role
• Resignation of Adam Giddens from the Board of Directors

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2024) - Military Metals Corp. (CSE: MILI) (OTC Pink: MILIF) (FSE: QN9) (the "Company") announces the appointment of Scott Eldridge as Chief Executive Officer and as a member of the Board of Directors. Latika Prasad has stepped down from the CEO role and will continue to serve on the Board of Directors. The Company thanks her for her dedication during her tenure as CEO.

Mr. Eldridge is a seasoned mining executive with 17 years of experience in the sector covering all aspects of the mining sector including capital markets, finance, M&A, corporate governance and strategic planning. He has held key positions across the mining industry covering buy-side, sell-side and issuer roles. His global network includes investors and government-level contacts in specialty metals.

Mr. Eldridge was a co-founder of Euroscandic International Group, an advisory firm where he raised upwards of $350M of combined equity and non-equity for project finance for mine builds. Mr. Eldridge served as CFO and VP Finance of Amarillo Gold prior to its takeover by Hochschild Mining. He also served as CEO of Canagold Resources for 4 years, and is CEO of United Lithium.

Mr. Eldridge conducted his bachelor studies at Capilano University in Vancouver, Canada and Arcada University in Helsinki, Finland and received his M.B.A. at Central European University in Budapest, Hungary.

Board Change

Adam Giddens has resigned from the Board of Directors, and the Company thanks him for his dedication and service during his tenure.

About Military Metals Corp.

The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition and exploration of mineral properties. The Company's sole mineral property interest is the Manson Bay Project located in the Province of Saskatchewan.

For more information, please contact:

Scott Eldridge
CEO and Director
scott@militarymetalscorp.com

For enquiries, please call 604-722-5381

This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223710

FAQ

Who is the new CEO of Military Metals Corp (MILIF)?

Scott Eldridge has been appointed as the new Chief Executive Officer of Military Metals Corp (MILIF).

What experience does Scott Eldridge bring to Military Metals Corp (MILIF)?

Scott Eldridge brings 17 years of experience in the mining sector, covering capital markets, finance, M&A, corporate governance, and strategic planning. He has also raised over $350 million for project finance in his previous roles.

What management changes occurred at Military Metals Corp (MILIF) in September 2024?

In September 2024, Scott Eldridge was appointed as CEO and board member, Latika Prasad stepped down as CEO but remains on the board, and Adam Giddens resigned from the Board of Directors.

What are Scott Eldridge's previous roles in the mining industry before joining Military Metals Corp (MILIF)?

Scott Eldridge previously served as CFO and VP Finance of Amarillo Gold, CEO of Canagold Resources for 4 years, and is currently CEO of United Lithium. He also co-founded Euroscandic International Group.