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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.210 -0.05 (-19.23%)+
Announcement
Release
25 Jun 2026 9:20AM
Price at Release
$0.260
Full Release
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Summary
Terra Metals Limited announced significant changes to its board with the appointments of Debra Bakker as Non-Executive Chair and Jeff Quartermaine and Jennifer Purdie as Non-Executive Directors, effective from 29 June 2026. These changes are part of the company's strategic transition from exploration to development, following a major platinum group metals discovery at their Dante Project in Western Australia. The company is advancing into resource definition and economic studies. Ian Middlemas and Ben Cleary have stepped down, having played vital roles in the company's previous recapitalization and acquisition phases. Mark Freeman is appointed as the new Company Secretary, succeeding Greg Swan. These board appointments aim to leverage extensive corporate, operational, and governance expertise to propel Terra Metals into a development phase.
Key Points
  • Debra Bakker appointed as Non-Executive Chair.
  • Jeff Quartermaine and Jennifer Purdie appointed as Non-Executive Directors.
  • Company transitioning from explorer to developer.
  • Significant platinum group metals discovery at the Dante Project.
  • Ian Middlemas and Ben Cleary stepped down.
  • Mark Freeman appointed as Company Secretary.
  • Focus on resource definition and economic studies.
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.