Elementos (ASX:ELT) has appointed Metals X (ASX:MLX) executive Director Brett Smith and CFO Daniel Broughton as additional directors of the company effective today, following an issue of 58.28 million shares.
Metals X agreed to inject $5 million into Elementos in exchange for shares at a price of $0.0848, which gives Metals X a 19.98% stake, as reported by Mining.com.au on 19 May.
Smith has over 30 years of global experience within the engineering, construction, and mineral processing sectors, aiding the development of coal, iron ore, and base and precious metals projects for a number of companies.
With over 18 years of experience in financial operations roles, Broughton has served as the CFO across multiple companies. Broughton obtained a Bachelor of Commerce from Murdoch University in Western Australia in 2005, along with a Graduate Diploma of Chartered Accounting from the Institute of Chartered Accountants in 2010.
Elementos is an exploration company developing tin operations across Spain and Australia.
Metals X is a tin producer, holding a portfolio of investments and assets across Australia.
Write to Maddison Elliott at Mining.com.au
Images: Elementos
