M3 Announces Management Changes

Rhea-AI Summary

M3 Metals Corp. (TSXV: MT) (OTCQB: MLGCF) announces key management changes. Adrian Smith has stepped down as President but remains a director, while Kosta Tsoutsis takes over as President and CEO. Robert Meister, an experienced capital markets executive, joins as a new director. The company's board now comprises three non-independent directors (Brian Morrison, Adrian Smith, Kosta Tsoutsis) and two independent directors (Marco Montecinos, Robert Meister). Meister brings significant M&A experience, notably from the $189-million Alpha Minerals to Fission Uranium transaction, and has held various leadership positions in companies listed on TSX, CSE, and NEO exchanges.

Positive

• Appointment of experienced capital markets executive Robert Meister as director
• Meister brings proven M&A expertise, including $189M Alpha Minerals-Fission Uranium deal
• Board restructuring establishes balanced composition with independent directors

Negative

• Resignation of company President Adrian Smith from executive role

West Vancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - M3 Metals Corp. (TSXV: MT) (OTCQB: MLGCF) (FSE: XOV) (the "Company" or "M3 Metals") reports that Adrian Smith has resigned as President of the Company and will now act solely as a director. In addition, Robert Meister has been appointed as a director of the company. Kosta Tsoutsis will act as the President and CEO going forward. The Company will now have two independent directors, Marco Montecinos and Robert Meister. The three non independent directors will be Brian Morrison, Adrian Smith and Kosta Tsoutsis. The Companies Audit Committee will now consist of Kosta Tsoutsis, Robert Meister and Marco Montecinos.

Mr. Meister is an accomplished capital markets executive known for his expertise in driving growth through strategic leadership, transformative M&A (merger and acquisition) activities, and securing vital capital. His impressive track record includes playing a pivotal role in M&A activities, including the $189-million Alpha Minerals to Fission Uranium transaction. Mr. Meister has extensive executive experience, he has held leadership positions as CEO, chief operating officer, secretary and director in both private and publicly traded firms listed on the Toronto Stock Exchange, CSE and NEO exchanges.

M3 Metals Corp. is a Canadian listed company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America. For additional information please visit M3 Metals' website at www.m3metalscorp.com. You may also email info@m3metalscorp.com or call investor relations at (604) 669-2279.

M3 METALS CORP.
"Kosta Tsoutsis"
Kosta Tsoutsis, CEO

NEITHER THE 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.

This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "possible", "potential", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities including lithium, the accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental, local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure or water, changes in laws, rules and regulations including in Canada, the United States, Nevada or California or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or other currencies, fluctuations in the market for lithium related products, changes in exploration costs and government royalties, export policies or taxes in the United States or any other jurisdiction and other factors or information. The Company's current plans, expectations, and intentions with respect to development of its business and of its properties may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions (including US government subsidies or incentives) on its ability to secure further financing or funding of its properties. Such statements represent the Company's current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental (including endangered species, habitat preservation and water related risks) and social risks, contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232205

FAQ

What management changes were announced at M3 Metals (MLGCF) in December 2024?

Adrian Smith resigned as President but remains a director, Kosta Tsoutsis was appointed as President and CEO, and Robert Meister joined as a new director.

Who are the current board members of M3 Metals (MLGCF)?

The board consists of three non-independent directors (Brian Morrison, Adrian Smith, Kosta Tsoutsis) and two independent directors (Marco Montecinos and Robert Meister).

What is Robert Meister's background in M3 Metals (MLGCF)?

Robert Meister is a capital markets executive with M&A expertise, known for the $189M Alpha Minerals-Fission Uranium deal, and has held CEO, COO, and director positions in companies listed on TSX, CSE, and NEO exchanges.