Ophir Metals Announces CFO Transition

Rhea-AI Summary

Ophir Metals (OTCQB: OPHRF) announced a Chief Financial Officer transition. Paul Robertson will step down as CFO effective August 31, 2026 to focus on other endeavors. Eric Tsung, a Chartered Professional Accountant with more than 20 years of experience in financial reporting, governance, compliance and corporate finance for public and private companies, will become CFO effective September 1, 2026. According to Ophir Metals, Tsung has held senior financial roles at several publicly listed companies. The company continues to focus on exploring and developing its Breccia Gold Property in Idaho and Pilipas Lithium Property in Quebec.

Positive

• Orderly CFO transition with defined dates Robertson departs August 31, 2026; Tsung starts September 1, 2026
• Incoming CFO with 20+ years experience Tsung brings extensive financial reporting and corporate finance background
• Professional accounting designation New CFO is a Chartered Professional Accountant (CPA, CGA)

Negative

• CFO departure effective August 31, 2026 introduces leadership change in finance function

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Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - Ophir Metals Corp. (TSXV: OPHR) (OTCQB: OPHRF) (FSE: W0J) ("Ophir" or the "Company") announces that Paul Robertson will be stepping down as Chief Financial Officer ("CFO") of the Company effective August 31, 2026 in order to focus on his other endeavors. Eric Tsung will assume the role of CFO effective September 1, 2026.

"On behalf of the Board and the broader team at Ophir, I would like to thank Paul for his guidance and valuable contributions during his time with the Company, and we wish him every success," stated Shawn Westcott, President and CEO of Ophir Metals Corp.

Eric Tsung is a finance executive with more than 20 years of experience providing financial and advisory services to public and private companies. He has extensive experience in financial reporting, corporate governance, regulatory compliance and corporate finance, and has served in senior financial roles for a number of publicly listed companies. He is a Chartered Professional Accountant (CPA, CGA).

About Ophir

Ophir Metals Corp. is a diversified mineral exploration company focused on the exploration and development of the past-producing Breccia Gold Property located in Lemhi County, Idaho and the Pilipas Lithium Property in James Bay, Quebec.

On behalf of the Board of Directors
"Shawn Westcott"
Ophir Metals Corp.

For further information, please contact:
Shawn Westcott, CEO
Phone 1 (604) 365 6681
swestcott@ophirmetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312323

FAQ

What CFO change did Ophir Metals (OPHRF) announce on August 31, 2026?

Ophir Metals announced that Paul Robertson will step down as CFO effective August 31, 2026. According to Ophir Metals, experienced finance executive Eric Tsung will assume the Chief Financial Officer role starting September 1, 2026, ensuring a defined transition.

Who is the new CFO of Ophir Metals (OPHRF) starting September 1, 2026?

The new CFO of Ophir Metals will be Eric Tsung, effective September 1, 2026. According to Ophir Metals, Tsung has over 20 years’ experience in financial reporting, governance, regulatory compliance and corporate finance, and holds a Chartered Professional Accountant (CPA, CGA) designation.

Why is Paul Robertson leaving his CFO role at Ophir Metals (OPHRF)?

Paul Robertson is stepping down as CFO of Ophir Metals to focus on his other endeavors. According to Ophir Metals, his departure is effective August 31, 2026, and the Board expressed appreciation for his guidance and contributions during his tenure.

What is the professional background of Ophir Metals’ incoming CFO, Eric Tsung?

Eric Tsung is a finance executive with over 20 years of experience serving public and private companies. According to Ophir Metals, he has extensive expertise in financial reporting, corporate governance, regulatory compliance and corporate finance, and has held senior roles at several publicly listed companies.

Does the CFO transition at Ophir Metals (OPHRF) affect its exploration projects?

The CFO transition announcement does not change Ophir Metals’ stated project focus. According to Ophir Metals, the company remains focused on exploring and developing the Breccia Gold Property in Idaho and the Pilipas Lithium Property in James Bay, Quebec.

What mining assets is Ophir Metals (OPHRF) focused on after the CFO change?

Ophir Metals remains focused on the past-producing Breccia Gold Property in Lemhi County, Idaho, and the Pilipas Lithium Property in James Bay, Quebec. According to Ophir Metals, the CFO transition does not alter this exploration and development focus.