An update from Neometals Ltd ( (AU:NMT) ) is now available.

Neometals has announced upcoming board changes, with directors Leslie Guthrie and Gregory Evans set to resign effective 30 June 2026, and chief operating officer Darren Townsend to be appointed as an interim executive director to maintain board compliance while a search for new independent directors is undertaken. The board has also extended managing director Christopher Reed’s executive services agreement by one month to 31 July 2026 to align with the expected completion of a Tranche 2 Placement and to finalise ongoing arrangements based on the company’s capital position, signalling a period of controlled transition and capital-focused governance for stakeholders.

The coordinated leadership adjustments and short extension of the managing director’s contract underscore Neometals’ effort to ensure continuity in project execution and capital management amid its development and commercialisation activities. These moves may help stabilise governance during a critical funding phase, supporting progress across its gold, lithium brine and vanadium recovery initiatives while the company refreshes its board composition.