"As the new directors have now become familiar with the business, the transition is complete, and this is the right time for me to leave the board and take on other responsibilities”, Bell said, adding that the company had “better prospects now than it has had for years” following and improvement in Nickel prices.
“I shall of course be available to assist whenever this may be required, but under the leadership of [chief executive] Scott Kaintz and the new chairman the company is in good hands”, he said.
Bell stepped down as chairman and chief executive earlier this year but stayed on as a director until now.
His departure follows news in July that the company is to regroup around battery metals plus energy storage in the UK following a strategic review.
In mid-morning trading on Thursday, Regency shares were 8% higher at 0.07p.
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