FME.L

Future Metals NL
Future Metals NL - Company Update
9th August 2024, 07:07
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 8892Z
Future Metals NL
09 August 2024
 

Company Update

Continued Reduction in Corporate Expenditure

 

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME), advises that, in line with the Company's focus on prudent financial management and maintaining cash during the current period of low PGM prices, the Company's Executive Chair, Mr Patrick Walta, has voluntarily nominated to transition to a part time role with a reduced salary of $5,000 per month (from $30,000 per month) within effect from 1 August 2024.

All other terms of Mr Walta's employment contract remain unchanged.

The Company continues to maintain a focus on: 

-     Drilling priority targets at Eileen Bore and within the Alice Downs Corridor, targeting new discoveries of Cu-Ni-PGM mineralisation in proximity to potential future operations at its Panton PGM Project;

-     Assessment of potential copper and precious metals project opportunities and/or asset within strategic proximity to the Panton PGM Project; and

-     Low-cost development opportunities at the Panton PGM Project and continued financial management of the Company.

 

This announcement has been approved for release by the Board of Future Metals NL.

For further information, please contact:

 

 

Future Metals NL

+61 8 9480 0414

Patrick Walta

info@future-metals.com.au



Strand Hanson Limited (Nominated Adviser and UK Broker)

+44 (0) 20 7409 3494

James Bellman / Rob Patrick




 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as is forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended by virtue of the Maret Abuse (Amendment) (EU Exit) Regulations 2019.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDUKRBRSVUWRRR]]>
TwitterFacebookLinkedIn