PERTH (miningweekly.com) – The share price of lithium miner Sayona Mining fell on Tuesday following the announcement of CEO and MD Brett Lynch’s resignation, before recovering slightly.
Lynch will depart the company with immediate effect, with current nonexecutive director James Brown being appointed as interim CEO.
Brown has over 30 years of mining and management experience, including ten years in lithium development and operations.
Meanwhile, Sayona has also appointed corporate lawyer Philip Lucas as an independent nonexecutive director. Lucas has particular focus on equity markets, mergers and acquisitions (M&A), corporate governance and Australian Securities Exchange regulations and compliance. He also has extensive experience with cross-border M&A transactions, including those involving Australian, US and Canadian companies.
Sayona shares fell from 12.4c a share at the close of business on Friday, to 9.1c a share, before recovering to 11.5c a share.