Metal Energy's Stewart resigns as director

Executive Summary

• Metal Energy Corp. announced that Alexander Stewart has resigned from his position as a director.
• The company appointed Colin Samples as an independent director, effective immediately, pending final approval from the TSX Venture Exchange.
• Mr. Samples brings experience in business development, operations, and stakeholder engagement, particularly with indigenous communities in British Columbia.

Key Details

• Resignation: Alexander Stewart resigned from his position as a director of Metal Energy Corp.
• Appointment: Colin Samples was appointed as an independent director, effective immediately.
• Regulatory Status: The appointment is subject to final approval of the TSX Venture Exchange.
• Appointee Background:
  • Background in business development, operations, and stakeholder engagement.
  • Involved in project development, transaction processes, and strategic growth initiatives.
  • Founded and exited private businesses.
  • Experience working with BC Hydro on capital infrastructure and stakeholder engagement initiatives.
  • Member of the Cook's Ferry Indian Band in British Columbia.
• Strategic Rationale: The board expects Mr. Samples' regional familiarity and stakeholder experience to support the company's continuing activities in British Columbia.

Notable Quotes

• "Colin brings a strong combination of business development experience and stakeholder engagement expertise. His familiarity with British Columbia and experience working with indigenous communities will be valuable as we continue to advance our projects." — Stephen Stewart, Chairman of Metal Energy
• "I am pleased to join the board of Metal Energy and look forward to supporting the company's continued growth. I am excited to work with the team as we advance the company's portfolio of projects." — Colin Samples, New Independent Director