THE BOURSE WHISPERER: Cobre Montana (ASX: CXB) announced the provisional appointment of George Bauk as non-executive chairman.
The appointment is expected to be ratified by shareholders at the company’s next General Meeting, at which time current chairman, Eduardo Valenzuela, will announce his retirement to pursue his considerable commitments in the mine consulting field.
Bauk brings with him some 25 years’ experience in the development of mining projects and teams, and particular expertise in the development of critical metals projects.
He is currently managing director of Northern Minerals (ASX: NTU), which is firming up to become a supplier of heavy rare earth elements with the company preparing to be the first dysprosium supplier outside of China.
“Mr Bauk will bring valued expertise and business connections to the Board,” Cobre Montana managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.
“He has a track record of building teams and building projects, and his experience with critical metals such as rare earth elements is very complementary to the development of Cobre Montana’s Australian and international lithium business based on the application of disruptive processing technology.
“Mr Bauk also has a record of successful capital raising and in attracting funding partners, and has been involved in the negotiation of offtake agreements with key international partners.
“This experience and these networks will be invaluable for Cobre Montana.”