Meteoric Resources NL (ASX: MEI) has announced significant executive leadership changes. Stuart Gale is appointed as the new Managing Director and CEO, succeeding Nick Holthouse. Holthouse will now focus on the Caldeira Ionic Clay Rare Earth Project. Andy Thomson is promoted to Chief Financial Officer.
Meteoric Resources NL has restructured its executive team to strengthen its focus on project delivery and financing. Stuart Gale takes over as Managing Director and CEO, with experience from Resolute Mining and Fortescue Metals Group. Andy Thomson becomes CFO, bringing over 30 years of international finance expertise. The company aims to establish itself as a global leader in rare earth supply, particularly through the development of the Caldeira Project. The restructuring aligns with the company's strategic priorities and includes performance-based incentives for achieving key project milestones by 2029.
We are confident in Stuart Gale’s leadership and strategic abilities,' said Andrew Tunks. 'The focus is on achieving critical milestones for the Caldeira Project, aiming for first production by 2027.