Resignation of CEO announced by Evolution Energy Minerals (ASX: $EV1)

Evolution Energy Minerals Limited (ASX: EV1, FSE: P77) has announced the resignation of its Chief Executive Officer, Mr Phil Hoskins, who will depart the Company by October 2024. The Company has initiated a recruitment process to find a new CEO responsible for the successful development of the Chilalo Graphite Project in Tanzania. Additionally, Evolution is currently engaged in a strategic investor process aimed at securing funding to support the intended debt financing for the Chilalo project.

Commentary from Evolution's Non-Executive Chairman, Mike Spreadborough

We are grateful to Phil for his significant contributions to Evolution and particularly the stewardship of the Chilalo Project over the past decade. His vision and leadership have been instrumental in our growth and success. We wish him all the best in his future ventures.

Summary of Evolution Energy Minerals (ASX: $EV1) announcement

Evolution Energy Minerals (ASX: $EV1) has announced the resignation of its CEO, Mr Phil Hoskins, who will be leaving the Company by October 2024. The Company has initiated the search for a new CEO who will be responsible for the successful development of the Chilalo Graphite Project in Tanzania. Additionally, Evolution is currently engaged in a strategic investor process to secure funding for the intended debt financing for the Chilalo project. The Company's Non-Executive Chairman, Mike Spreadborough, expressed gratitude for Phil's contributions and leadership, wishing him the best in his future endeavors. The announcement indicates a period of transition for Evolution as it seeks a new leader to drive the Chilalo Project forward and secure the necessary funding for its development.