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Lion Rock Minerals Limited (ASX:LRM)

ALERT: Price-sensitive ASX Announcement for LRM
Current share price for LRM : $0.024 -0.002 (-7.69%)+
Announcement
Release
21 May 2026 8:51AM
Price at Release
$0.026
Full Release
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Summary
Lion Rock Minerals Limited has announced a refresh of its leadership team to accelerate growth in the Minta Rutile and Monazite Project in Cameroon. Key appointments include Theuns de Bruyn as CEO and Grant Scott as COO, both having extensive experience with Sierra Rutile. Duncan Craib and David Brophy have also been appointed to the board as Non-Executive Chair and Director, respectively. The company is focusing on unlocking the exploration potential of its projects, with particular emphasis on the Minta Project as a strategic source of natural rutile and rare-earth monazite. Additionally, Lion Rock is set to assess its Kitongo and Logo Uranium Projects. The new leadership will be based in Cameroon to ensure a strong management presence. A $2 million capital raise has been initiated to support ongoing exploration and development activities.
Key Points
  • Theuns de Bruyn appointed as CEO, and Grant Scott as COO
  • Duncan Craib and David Brophy join as Non-Executive Chair and Director
  • Focus on Minta Rutile and Monazite Project in Cameroon
  • Plans to assess Kitongo and Logo Uranium Projects
  • Leadership team to be based in Cameroon
  • Initiated a $2 million capital raise to support development
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.