Advance Metals appoints Frank Bennett as CEO to drive global electrification projects

SYDNEY, AUSTRALIA: Advance Metals Limited (ASX: AVM) has announced the appointment of Frank Bennett as the company’s new Chief Executive Officer. With extensive experience in the mining industry, Bennett brings a wealth of knowledge in building successful businesses, particularly in North America, for both domestic and international organizations.

Expressing his enthusiasm about joining the Advance Metals team, Bennett stated, “I am delighted to be part of Advance Metals as we develop our mining assets to supply the growing slate of electrification projects around the world. Our operations are well positioned to thrive in these new markets.”

Bennett’s professional background includes senior executive roles and consultancy positions with multiple mining firms across various sectors, including metals, coal, rare earths, and aggregates. He has worked with renowned companies such as Newmont and MP Materials, as well as mining suppliers in segments such as explosives, capital equipment, chemicals, automation, and ground support, including Austin Powder Company, Normet, and Yokogawa. More recently, Bennett has been advising major mining companies on improving and reorganizing their international and domestic supply chains, particularly those with annual expenditures exceeding $1 billion.

Having actively participated in international capital markets, Bennett has been involved with firms at different stages, ranging from startups to mineral producers. His accomplishments include negotiating a $100 million debt facility through a consortium led by JP Morgan, leading investor road shows with UBS and JP Morgan as book-runners, and preparing pre-IPO firms for public listing.

Bennett is set to commence his role with Advance Metals on June 26, and in the following months, he plans to travel to Australia and Asia to engage with both new and existing shareholders.

Geoff Hill, Chairman of Advance Metals, expressed his excitement about Bennett’s appointment, emphasizing that it is a significant milestone for the company and its shareholders. Hill believes that Bennett’s experience and vision align perfectly with the strategic direction of Advance Metals. He expressed confidence in Bennett’s ability to drive the business forward and create value for shareholders.

The appointment of Frank Bennett as CEO marks an important step for Advance Metals as it focuses on supplying the increasing demand for electrification projects worldwide. With his extensive industry expertise and leadership capabilities, Bennett is poised to lead the company towards a successful future.

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