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Peak Minerals ( (AU:LRM) ) has provided an update.
Lion Rock Minerals has overhauled its leadership, appointing former Sierra Rutile executives Theuns de Bruyn as CEO and Grant Scott as COO, alongside Duncan Craib as non-executive chair and David Brophy as non-executive director. The CEO and COO will be based in Cameroon, underscoring the company’s operational focus on its Minta rutile and monazite project and its broader African portfolio.
The new directors and executives, who bring extensive African mineral sector and capital markets experience, will cornerstone a A$2 million equity raising at A$0.02 per share, signaling confidence in the company’s growth plans. The strengthened team aims to accelerate resource definition and studies at Minta as a potential strategic source of natural rutile and rare-earth monazite, while also evaluating value options for the Kitongo and Logo uranium projects after gaining strong support from Cameroonian authorities and confirming encouraging site infrastructure.
More about Peak Minerals
Lion Rock Minerals is an ASX-listed mineral exploration company focused on rutile and monazite in Cameroon, with additional uranium interests at Kitongo and Logo. Its flagship Minta Project targets natural rutile and rare-earth monazite as strategic inputs for titanium pigment and rare earth supply chains, positioning the company within critical minerals markets linked to global industrial demand.
Average Trading Volume: 1,403,668
Technical Sentiment Signal: Hold
Current Market Cap: A$92.66M
For a thorough assessment of LRM stock, go to TipRanks’ Stock Analysis page.