Entrée Resources Board Transition
Entrée Resources Ltd. announces significant changes within its Board of Directors. The company has disclosed that Dr. Michael Price will be retiring from the Board, effective December 31, 2025, after serving for over seven years.
Dr. Michael Price's Legacy
The Non-Executive Chair of the Board, Alan Edwards, expressed gratitude for Dr. Price's invaluable contributions during his tenure. He highlighted Dr. Price's extensive background in mining and finance, which spanned over four decades. Edwards noted that Dr. Price's practical approach to challenges and his deep insight were instrumental to the company's successes. The Board, and Edwards personally, extend their best wishes to Dr. Price as he transitions into retirement.
Welcoming Chris Adams
With the impending departure of Dr. Price, Entrée Resources is excited to announce the appointment of Chris Adams as an independent director. His vast experience in the mining industry makes him an excellent addition to the Board.
Chris Adams' Background
Chris Adams brings 35 years of expertise in mining finance and corporate governance. He has previously served as the head of Mining Finance for the Americas at Macquarie Group Limited, where he oversaw the evaluation and execution of equity investments in mining projects globally. His history includes significant roles in mining investment banking across different regions, including Canada and Australia. Mr. Adams holds a Bachelor of Commerce from McGill University, an MBA from the Massachusetts Institute of Technology, and is a CFA charterholder.
Looking Ahead
Starting January 1, 2026, Mr. Adams will officially join the Board. His appointment comes at a crucial time as Entrée Resources aims to navigate and resolve ongoing issues related to its operations in Mongolia, particularly regarding the Oyu Tolgoi project’s underground development work.
About Entrée Resources Ltd.
Entrée Resources Ltd. is a Canadian mining company that holds a notable carried joint venture interest in one of the largest copper-gold mining projects worldwide, the Oyu Tolgoi project. The company has a significant carried participating interest ranging from 20% to 30%, depending on mineral depth. Key stakeholders in the company include Royal Gold International and Rio Tinto, owning approximately 24% and 16% of Entrée's shares, respectively. More information can be found on their official website.
Contact Information
For further inquiries, please contact:
David Jan
Investor Relations, Entrée Resources Ltd.
Tel: 604-687-4777 | Toll-Free: 1-866-368-7330
E-mail: djan@EntreeResourcesLtd.com
Frequently Asked Questions
What are the recent changes in Entrée Resources' Board?
Entrée Resources announced the retirement of Dr. Michael Price and the appointment of Chris Adams as a new independent director.
When is Chris Adams starting his role?
Chris Adams will officially join the Board on January 1, 2026.
Why is Dr. Michael Price retiring?
Dr. Price is retiring after over seven years of dedicated service, marking the end of a significant chapter in his career.
What is the focus of Entrée Resources moving forward?
The company aims to address challenges in Mongolia, particularly regarding the Oyu Tolgoi underground development work.
How can I contact Entrée Resources for more information?
You can reach out to David Jan, Investor Relations, via phone at 604-687-4777 or email at djan@EntreeResourcesLtd.com.
