Strategic Minerals PLC - London-based mining and exploration company - Chair Alan Broome retires effective immediately. Managing Director John Peters to assume role of interim chair until board composition is finalised, expected this quarter. Company also proposes appointment of Jonathan Reynolds as independent technical non-executive director. Expects to complete appointment by end of August. Reynolds will replace Jeff Harrison who retired in April 2023. Says company had not been able to fill the role until recent turnaround in sales at its Cobre operation in New Mexico. Plans to add additional UK-based non-executive director with strong mining background.

‘Mr Reynolds’ experience spans the spectrum of exploration activity from grass-roots exploration through to corporate strategy, company management, project management, new project generation and expansion, as well as mine geology, ore resource/reserve generation and new mine development,’ the company says.

Current share price: 0.21 pence, rose 6.2% in London on Tuesday.

12-month change: up 42%

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