Elementos Limited (ASX:ELT) has been granted a trading halt by the ASX pending an announcement related to a capital raising.
The company’s securities will remain halted until the start of normal trading on Monday, April 19, 2021, or when an announcement is released to the market.
Appointment of new CEO
Elementos recently appointed a new chief executive officer in Joe David who has experience in project delivery, specifically with bankable feasibility studies.
The company’s board felt that amidst surging tin prices, a strong outlook for tin and with strong progress made on Oropesa, the timing was right to appoint a CEO with a strong mining and finance background.
David is taking on the role after running a successful project consultancy company, Project Advisory Group, for the past four years.
“Drive project through to production”
Elementos chairman Andy Greig said: “I am excited to have been able to attract a candidate of Joe’s calibre to the company.
“Joe’s technical capabilities and leadership skills provide the ideal foundation to drive the company’s projects through to production.”