Meridian Mining Announces Corporate Updates
Rhea-AI Summary
Meridian Mining (OTCQX: MRRDF) announced executive and corporate-structure updates effective November–December 2025.
The company appointed David Halkyard as Chief Financial Officer effective November 25, 2025 and named Catherine Apthorpe as Corporate Secretary following the resignation of Mariana Bermudez.
Meridian completed a legal name change to Meridian Mining Plc after converting to a UK public limited company, with trading to reflect the change at market open on December 10, 2025. The company reported a new ISIN GB00BVPND783 and new CUSIP G6017H 103; the prior identifiers are inactive. Management said there is no change to trading symbols or share capital.
Positive
- David Halkyard appointed CFO effective November 25, 2025
- Name change to Meridian Mining Plc effective December 10, 2025 for trading
- New ISIN GB00BVPND783 and new CUSIP G6017H 103 assigned
Negative
- Previous ISIN and CUSIP are now inactive, requiring administrative updates for holders
News Market Reaction
On the day this news was published, MRRDF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves, with changes ranging from -17.1% to +3.47%, suggesting MRRDF’s modest pre-news strength was stock-specific rather than a broad sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Corporate updates | Neutral | +0.0% | Executive appointments and legal name change to Meridian Mining Plc. |
| Nov 03 | Licence formalization | Positive | -2.7% | Cabaçal Preliminary Licence formalized in Mato Grosso’s Official Gazette. |
| Oct 30 | Licence approval | Positive | +8.8% | CONSEMA council unanimously approved Cabaçal Preliminary Licence. |
| Oct 07 | DFS drilling results | Positive | +2.3% | Completion of Cabaçal DFS drilling with multiple strong Au-Cu-Ag intercepts. |
| Sep 09 | Drill results | Positive | +7.4% | High-grade Au-Cu-Ag & Zn results at Santa Helena and new target at Santa Fé. |
Operational and permitting milestones have generally seen positive price alignment, while today’s type of corporate/structural update previously drew a flat reaction.
Over the last few months, Meridian reported a series of Cabaçal and regional exploration milestones, including strong DFS drill results and high‑grade intersections at Santa Helena, alongside progress on Mato Grosso licensing. These updates often coincided with positive single‑day moves. The formalization of Cabaçal’s Preliminary Licence and new licence applications further advanced the project pipeline. In contrast, the current corporate update and UK Plc name change resemble a prior neutral event with no reported price move, emphasizing housekeeping rather than project fundamentals.
Market Pulse Summary
This announcement focused on governance and corporate housekeeping: confirming a permanent CFO, appointing a new Corporate Secretary, and completing the legal transition to Meridian Mining Plc with new ISIN and CUSIP, but no change to trading symbols or share capital. In recent months, more material drivers were Cabaçal licensing progress and strong drill results at Cabaçal and Santa Helena. Investors watching this name may focus on future feasibility work, permitting steps, and financing plans as key metrics rather than today’s structural updates.
Key Terms
isin regulatory
cusip regulatory
public limited company regulatory
AI-generated analysis. Not financial advice.
London, United Kingdom--(Newsfile Corp. - December 8, 2025) - Meridian Mining Plc (TSX: MNO) (FSE: N2E) (OTCQX: MRRDF) ("Meridian" or the "Company") is pleased to announce that Mr. David Halkyard has been appointed as the Company's Chief Financial Officer ("CFO") effective November 25, 20251. In addition, the Company announces the appointment of Ms. Catherine Apthorpe as Corporate Secretary, following the resignation of Ms. Mariana Bermudez. Ms. Apthorpe brings over 20 years' legal experience, including 15 years in-house at various mining companies, including Legal Counsel and Company Secretary roles at Capital Limited & Amara Mining PLC, and as a non-executive director of Panthera Resources PLC. Ms. Bermudez served as the Corporate Secretary since February 2022 and has resigned from her position with the Company in order to pursue other business opportunities.
The Company is also reporting the completion of the name change process2 from Meridian Mining UK Societas to Meridian Mining Plc, effective for trading purposes, at market open on December 10, 2025. The change is due to the Company's November 2025 conversion to a public limited company ("PLC") in the United Kingdom, as voted on by shareholders at the Annual & Special Meeting3. As such, the Company's ISIN has changed to GB00BVPND783, and concurrently, the Company's CUSIP has changed to G6017H 103. The previous ISIN and CUSIP numbers are now inactive. There is no change in the trading symbols or share capital.
Mr. Gilbert Clark, CEO, comments: "I would like to congratulate David on accepting the full-time role as the Company's CFO. The expansion of Meridian's finance team's capacity since his tenure as Interim CFO has been exceptional, and it is well on its way to being ready for the demands of Cabaçal's future project financing. I am very pleased that Catherine has joined our Executive team. She brings a wealth of corporate and legal experience to the Company. At the same time as these welcome additions, we have a departure with Mariana leaving the Company. I would like to thank her for her strong contribution to the Company's success during a period of major growth for Meridian and we all wish her our very best in her new role."
"Lastly, the name change to Meridian Mining Plc reflects our United Kingdom base and the final administrative closure related to Brexit. We are now focused on rolling out Cabaçal's DFS and the greater exploration upside in 2026."
About Meridian
Meridian Mining is focused on:
The development and exploration of the advanced stage Cabaçal VMS gold‐copper project;
The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabaçal Hub development strategy;
Regional scale exploration of the Cabaçal VMS belt to expand the Cabaçal Hub strategy; and
Exploration in the Jaurú & Araputanga Greenstone belts (the above all located in the State of Mato Grosso, Brazil).
The Pre-feasibility Study technical report (the "PFS Technical Report") dated March 31, 2025, entitled: "Cabaçal Gold-Copper Project NI 43-101 Technical Report and Pre-feasibility Study" outlines a base case after-tax NPV5 of USD 984 million and
The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold,
Readers are encouraged to read the PFS Technical Report in its entirety. The PFS Technical Report may be found under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.meridianmining.co.
The PFS Technical Report was prepared for the Company by Tommaso Roberto Raponi (P. Eng), Principal Metallurgist with Ausenco Engineering Canada ULC; Scott Elfen (P. E.), Global Lead Geotechnical and Civil Services with Ausenco Engineering Canada ULC; John Anthony McCartney, C.Geol., Ausenco Chile Ltda.; Porfirio Cabaleiro Rodriguez (Engineer Geologist FAIG), of GE21 Consultoria Mineral; Leonardo Soares (PGeo, MAIG), Senior Geological Consultant of GE21 Consultoria Mineral; Norman Lotter (Mineral Processing Engineer; P.Eng.), of Flowsheets Metallurgical Consulting Inc.; and, Juliano Felix de Lima (Engineer Geologist MAIG), of GE21 Consultoria Mineral.
Qualified Person Statement
Mr. Erich Marques, B.Sc., FAIG, Chief Geologist of Meridian Mining and a Qualified Person as defined by National Instrument 43-101, has reviewed, verified, and approved the technical information in this news release.
On behalf of the Board of Directors of Meridian Mining Plc
Mr. Gilbert Clark - CEO and Director
Meridian Mining Plc
8th Floor, 4 More London Riverside
London SE1 2AU
United Kingdom
Email: info@meridianmining.co
Ph: +44 (0) 203 930 3145 (GMT)
Media Enquiries:
Gareth Tredway / Ruairi Millar
Tel: +44 (0) 207 920 3150
Email: meridianmining@tavistock.co.uk
Stay up to date by subscribing for news alerts here: https://meridianmining.co/contact/
Follow Meridian on X: https://X.com/MeridianMining
Further information can be found at: www.meridianmining.co
Cautionary Statement on Forward-Looking Information
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in Meridian's most recent Annual Information Form filed on www.sedarplus.ca. While these factors and assumptions are considered reasonable by Meridian, in light of management's experience and perception of current conditions and expected developments, Meridian can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Meridian disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
1 See Meridian news release of September 2, 2025
2 See Meridian Information Circular 2025
3 See Meridian news release of June 24, 2025
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277324
FAQ
When did Meridian Mining (MRRDF) appoint its new CFO David Halkyard?
What corporate secretary change did Meridian Mining (MRRDF) announce on December 8, 2025?
When will Meridian Mining (MRRDF) trading reflect the name change to Meridian Mining Plc?
What are Meridian Mining's (MRRDF) new ISIN and CUSIP after the December 2025 change?
Do Meridian Mining's (MRRDF) trading symbol or share capital change with the reorganization?
