Thor Mining PLC (AIM:THR, OTC:THORF, ASX:THR) said non-executive chairman Mark Potter will step down from the board with immediate effect for personal reasons.
The AIM-traded company has started a search for a permanent independent replacement.
Non-executive director Alastair Clayton will assume the position of interim non-executive chair until a replacement is appointed. Based in London, he has considerable experience with raising capital for ASX and AIM-listed companies and in evaluating and financing large-scale mining projects, Thor said.
Clayton is currently an executive director of Artemis Resources Ltd (ASX:ARV, OTCQB:ARTTF, AIM:ARV). He was previously a director of uranium companies Extract Resources, which was sold in 2012 for about A$2.2bn, chairman and non-executive director of Bannerman Resources Ltd (ASX:BMN), and a founding director of coal producer Universal Coal Plc (ASX:UNV), sold in 2020 for A$175mln.
"On behalf of both the board and staff we would like to thank Mark for his commitment and contribution to Thor since his appointment to the board in August 2019,” said managing director Nicole Galloway Warland.
“He has assisted in raising capital in the London market and provided invaluable expertise to the company over the last three and a half years. We wish him every success in the future."