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MinRex Resources Limited (ASX:MRR)

ALERT: Price-sensitive ASX Announcement for MRR
Current share price for MRR : $0.016 -0.001 (-5.88%)+
Announcement
Release
22 Apr 2026 9:30AM
Price at Release
$0.017
Full Release
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Summary
MinRex Resources Limited has appointed Mr. Max Piirto as its new Chief Executive Officer, starting 22 April 2026. Mr. Piirto brings extensive experience in mining project development and international business leadership, having previously worked as Vice President at Wood Plc. His appointment coincides with MinRex's strategic merger with Electrum Discovery Corp, positioning the company to focus on exploration and development in the Balkans. Mr. Piirto's role is critical as the company aims to accelerate exploration activities in Serbia. His remuneration includes a base salary of A$325,000 with performance-based options and rights, subject to shareholder approval.
Key Points
  • MinRex Resources Limited appointed Mr. Max Piirto as Chief Executive Officer, effective 22 April 2026.
  • Mr. Piirto has over 17 years of experience in mining and project development.
  • His previous roles include Vice President at Wood Plc, where he was involved in major mining and processing projects across Europe, the Middle East, Africa, and Asia-Pacific.
  • The appointment follows MinRex's merger with Electrum Discovery Corp, enhancing its exploration and development focus in the Balkans.
  • Mr. Piirto's remuneration package includes a base salary of A$325,000 per annum, inclusive of superannuation, with additional performance incentives subject to shareholder approval.
  • Performance incentives include options and performance rights tied to milestones such as the company's market capitalization and successful project developments.
  • The Board believes Mr. Piirto's leadership will be crucial for advancing company projects and delivering growth strategy.
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.