Business
Elemental Altus Announces New Directors and Appointment of Chairman
Vancouver, British Columbia--(Newsfile Corp. - January 2, 2024) - Elemental Altus Royalties Corp....
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Altus Announces New Directors and Appointment of ChairmanVancouver, British Columbia--(Newsfile Corp. - January 2, 2024) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental Altus\" or \"the Company\") announces the appointment of Vincent Benoit and Jack Lunnon from La Mancha Resource Capital LLP (\"La Mancha\") to the Board of Directors (\"Board\") and the appointment of existing director John Robins as Chair of the Board.The appointments of Vincent Benoit and Jack Lunnon to the Board are made pursuant to the Company's investor rights agreement with La Mancha, and replace La Mancha's existing director nominee, Karim Nasr, and appoint La Mancha's second director nominee. Karim has resigned from the Board to focus on his appointment as CEO at another La Mancha Resource Fund SCSp investee company. Alongside these Board changes, John Robins has agreed to take the vacant role of non-executive Chair. Accordingly the Company will continue to have a Board of eight directors, with seven non-executives. Frederick Bell, CEO of Elemental Altus commented:\"Firstly, we would like to express our deep appreciation to Karim Nasr for his commitment and support of the Company to-date. Karim brought a wealth of experience to the group and his contribution and advice through the previous merger with Altus Strategies plc has been invaluable. I speak on behalf of the whole Board when I say it has been a pleasure working with him.We are very pleased today to welcome Vincent Benoit and Jack Lunnon to the Board. Vincent's extensive experience across capital markets, business development and M&A at the highest levels are very relevant for the Company. His insights will strengthen our position as we continue to pursue opportunities to grow and we look forward to his contribution as a director.Jack has already worked closely with the team reviewing our existing portfolio as well as potential new acquisitions. With an increasing pool of opportunities now available to the Company, his technical knowledge and contacts will be extremely valuable in enabling us to identify the best opportunities as efficiently as possible.Lastly, we are grateful to John Robins for taking the role of Chair to ensure we remain absolutely focused on adding value for shareholders and continuing to uphold high standards in corporate governance.\"Vi...