Mila Resources share price up 7% on AGM and director changes

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Mila Resources Plc share price (LSE: MILA) rose 7% to 0.35 when the post-discovery exploration accelerator, has announced that all resolutions were successfully passed at its Annual General Meeting (AGM) held on 19 December 2024.

The company also unveiled key changes to its board. Jonathan Evans has been appointed as a non-executive director with immediate effect. A seasoned corporate financier, Evans brings extensive experience in advising mining companies on equity capital markets and has been closely involved with Mila since its IPO. His background as a chartered accountant, qualified in 2006 at Grant Thornton, positions him to play a pivotal role as the company expands its portfolio of post-discovery assets.

Meanwhile, Lindsay Mair, another non-executive director, has announced his resignation. The board expressed gratitude for his valuable contributions and extended best wishes for his future endeavors.

In line with the company’s strategic evolution, Mila confirmed that its financial function will be outsourced starting 1 January 2025, as previously indicated in its announcement on 5 November 2024.

Director Mark Stephenson welcomed Evans to the board, emphasizing the significance of this appointment as Mila gears up for an active start to 2025. He noted that updates on the company’s activities are expected in the coming weeks, reflecting a dynamic schedule focused on advancing its exploration projects.

This latest update underscores Mila’s proactive approach to strengthening its leadership and operational efficiency as it continues to accelerate exploration efforts within its growing portfolio.

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