– UK, Cheltenham – Adriatic Metals PLC (ASX: ADT / LSE: ADT1 / OTC: ADMLF) today announced the appointment of Eric Rasmussen to its Board as a Non-Executive Director effective from 13 June 2024.
“I would also like to welcome Eric Rasmussen to the Board of Adriatic. Eric brings an impressive blend of commercialism and determination to get deals done, as well as a passion for ensuring sustainability is at the core of mining operations. His experience brings a depth of knowledge and network across all levels of stakeholders in the European mining sector,” said Board Chairman, Michael Rawlinson.
Eric Rasmussen will join the Audit and Risk, Remuneration, and Nomination Committees.
The company also announced that Julian Barnes has stepped down from the Board with effect from 13 June 2024.
About Eric Rasmussen
Eric Rasmussen has significant experience in the financing of European and global mining projects, having most recently been Chief Advisor Structured & Project Finance for Renewables & Mining at Rio Tinto, as well as having been at the European Bank for Reconstruction and Development for 27 years, of which he was Global Head of Natural Resources between 2013-2022.
Eric Rasmussen led EBRD’s team of 28 bankers on a portfolio of projects across Europe, FSU, and MENA, overseeing on average €1bn of investments per annum. During his career at EBRD, he was not only a leader across many disciplines of both finance and sustainability but also a highly successful investor in multiple projects which generated industry-leading returns for all participating stakeholders.
Eric Rasmussen is a board director at the Electrum Discovery Corporation listed on TSX-v under “ELY”. Electrum is an early-stage exploration company operating in Serbia with a focus on copper and gold licenses.
About Adriatic Metals Plc
Adriatic Metals Plc is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia. The first concentrate production took place in February 2024 and the Vares Silver Operation is fully funded to nameplate production, which is expected in Q4 2024. Concurrent with ongoing operational activities, the Company continues to explore across its highly prospective 44km2 concession package.
For more: https://www.adriaticmetals.com/
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