Significant Leadership Changes at Entrée Resources
Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF) has made notable updates to its Board of Directors, marking a new chapter for the company. After more than seven years of dedicated service, Dr. Michael Price will retire from the Board effective December 31, 2025.
Honoring Dr. Price's Contributions
Alan Edwards, the Non-Executive Chair of the Board, expressed gratitude towards Dr. Price for his valuable insights and contributions during his tenure. With a wealth of experience spanning over 40 years in the mining sector, Dr. Price brought a commonsense approach that greatly benefited the Board. Edwards shared, "We would like to thank Dr. Price for his contributions and commitment as an independent director and a member of the Audit and Technical Committees of the Board. His knowledge and insight were invaluable to our operations, and we wish him all the best in his retirement."
Welcoming Chris Adams to the Board
The company proudly announces the appointment of Mr. Chris Adams as an independent director, stepping into the position created by Dr. Price’s retirement. Mr. Adams, a seasoned consultant in mining finance, boasts an impressive 35 years of experience in the industry. His prior role as head of Mining Finance for the Americas at Macquarie Group Limited allowed him to lead teams that evaluated and executed substantial equity investments and loans for mining projects worldwide.
In addition to his practical experience, Mr. Adams holds a B.Com. degree from McGill University and an MBA from the Massachusetts Institute of Technology, along with the CFA designation. His extensive background in the field makes him a perfect fit for the Board as Entrée Resources continues to navigate its strategic direction.
Looking Ahead
Mr. Adams is set to join the Board starting January 1, 2026. Alan Edwards expressed optimism regarding Adams' contribution, noting, "The Board is looking forward to working with Chris as the Company continues its efforts to resolve outstanding issues in Mongolia, particularly enabling the restart of Oyu Tolgoi Lift 1 Panel 1 underground development work." The introduction of new perspectives on the Board aims to drive growth and ensure the company's objectives are met efficiently.
About Entrée Resources Ltd.
Entrée Resources Ltd. is a Canadian mining company with a unique carried joint venture interest in one of the world’s largest copper-gold projects, the Oyu Tolgoi project in Mongolia. The company's interests entail a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi joint venture, dependent upon the mineralization depth. Major shareholders include Royal Gold and Rio Tinto, holding approximately 24% and 16% of Entrée's shares, respectively.
Explore more about Entrée Resources and its projects through its official website.
Further Information
For more details, you can contact:
David Jan
Investor Relations
Entrée Resources Ltd.
Tel: 604-687-4777 | Toll Free: 1-866-368-7330
E-mail: djan@EntréeResourcesLtd.com
Frequently Asked Questions
What prompted Dr. Michael Price's retirement from the Board?
Dr. Michael Price has served on the Board for over seven years and has decided to retire to focus on personal pursuits.
Who is Chris Adams, the new Board member at Entrée Resources?
Chris Adams is a mining finance consultant with extensive industry experience, including a leadership role at Macquarie Group Limited.
What are the expected contributions of the new director?
Chris Adams's extensive background in mining finance is expected to help guide the company's strategic objectives and address key issues in Mongolia.
How does Entrée Resources benefit from its joint venture in Mongolia?
The joint venture allows Entrée to participate in the Oyu Tolgoi project while minimizing financial risk through its carried interest structure.
What is the significance of the Oyu Tolgoi project to Entrée Resources?
The Oyu Tolgoi project represents a crucial opportunity for Entrée Resources to leverage its investment in one of the world's largest copper-gold mines, driving future growth.
