Metalla Announces Appointment of Chris Beer to Board of Directors
METALLA ANNOUNCES APPOINTMENT OF CHRIS BEER
TO BOARD OF DIRECTORS
TSXV: MTA
NYSE American: MTA
VANCOUVER, BC
,
Dec. 9, 2024
/CNW/ -
Metalla Royalty & Streaming Ltd.
("
Metalla
" or the "
Company
") (TSXV: MTA)
(NYSE American: MTA) is pleased to announce that, effective immediately, it has appointed
Chris Beer
to the board of directors
of the Company, as an independent director, subject to regulatory approval.
Mr. Beer brings over 35 years of experience in mining finance and exploration. For the past 24 years, he served as Managing
Director and Senior Portfolio Manager at RBC Global Asset Management, where he led award-winning global portfolios in
precious metals, natural resources, energy, and clean energy. Chris began his career as an exploration geologist with Noranda
Exploration and later spent seven years as a mining analyst at leading Canadian banks. He holds the CFA designation, an MBA
from the
University of Toronto's
Rotman School
of Management, and a Bachelor of Science in Geology from
Memorial University
of Newfoundland
.
Brett Heath
, CEO of Metalla, commented: "We are thrilled to welcome Chris to our Board of Directors. He brings extensive
experience in the mineral resources sector, including nearly two and half decades as Managing Director and Senior Portfolio
Manager at RBC Global Asset Management. Chris' experience as one of the premier asset allocators in the metals and
mining industry parallels our approach and strategy and strengthens our board's depth and breadth of experience. We look
forward to benefiting from his leadership and unique perspective as we work together to create long-term value for our
shareholders and broader stakeholders."
Chris Beer
commented: "I am honored to join the Board of Metalla as the Company continues to advance its path toward
building a leading royalty and streaming company. Metalla's industry leading production growth, robust asset portfolio and
successful track record of value accretive transactions have solidified its position as an emerging leader in the royalty space.
I look forward to working with Metalla's experienced team to drive sustainable growth and maximize value for all
stakeholders."
INVESTMENT AND RESTRICTED SHARE UNIT GRANT
Concurrent with his appointment as Director, the Company is also pleased to announce
Chris Beer
has agreed to purchase
40,000 shares of Metalla in the market. Effective
December 9, 2024
, Metalla has granted, in accordance with the Company's
share compensation plan, an aggregate of 40,000 restricted share units (each "
RSU
") to Mr. Beer. The RSUs will vest in two
equal installments annually from the date of grant. Each vested RSU will entitle the holder to receive one common share of the
Company upon vesting.
ABOUT METALLA
Metalla is a precious and base metals royalty and streaming company with a focus on gold, silver, and copper royalties and
streams. Metalla provides shareholders with leveraged metal exposure through a diversified and growing portfolio of royalties
and streams. Our strong foundation of current and future cash-generating asset base, combined with an experienced team gives
Metalla a path to become one of the leading gold, silver, and copper companies for the next commodities cycle.
For further information, please visit our website at
www.metallaroyalty.com
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
Chief Executive Officer
Website:
www.metallaroyalty.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "
forward-looking
statements
") within the meaning of applicable securities legislation. The forward-looking statements herein are made as of
the date of this press release only and the Company does not intend to and does not assume any obligation to update or
revise them except as required by applicable law.
All statements included herein that address events or developments that we expect to occur in the
future
are
forward-looking
statements. Generally, forward-looking statements can be identified by the use of
forward-looking terminology such as
"plans", "expects", "is expected", "budgets", "scheduled",
"estimates", "forecasts", "predicts", "projects", "intends", "targets",
"aims", "anticipates" or "believes" or
variations (including negative variations) of such words and phrases or may be
identified
by statements
to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken,
occur or be
achieved. Forward-looking statements in this press release include, but are not limited to, statements
regarding Mr. Beer's
future contributions to the Company; regulatory approval of Mr. Beer's appointment; the purchase by Mr. Beer of 40,000
shares of Metalla in the market; the vesting and settlement of the RSUs.
Such forward-looking statements reflect management's current beliefs and are based on information
currently available to
management. Forward-looking statements are based on forecasts of future results,
estimates of amounts not yet determinable
and assumptions that, while believed by management to be
reasonable, are inherently subject to significant business,
economic and competitive uncertainties, and
contingencies. Forward-looking statements are subject to various known and
unknown risks and
uncertainties, many of which are beyond the ability of Metalla to control or predict, that may cause
Metalla's actual results, performance or achievements to be materially different from those expressed or
implied thereby, and
are developed based on assumptions about such risks, uncertainties and other
factors set out herein, including but not
limited
to: that the expectations regarding Mr. Beer's future contributions to the Company will not be realized; that Mr. Beer's
appointment will not receive regulatory approval; that Mr. Beer will not acquire 40,000 shares of Metalla in the market; that the
RSUs will not vest of be settled;
risks related to commodity price fluctuations; the
absence of control over mining operations
from which
Metalla will
purchase precious metals pursuant to
gold streams, silver streams and other agreements or from
which it will receive royalty
payments
pursuant to net smelter returns, gross overriding royalties, gross
value royalties and
other royalty
agreements or
interests and risks related to those mining operations, including risks related to
international
operations, government and
environmental regulation, delays in mine construction and
operations, actual results of mining
and current exploration
activities, conclusions of economic
evaluations and changes in project parameters as plans are
refined; risks related to
exchange rate
fluctuations; that payments in respect of streams and royalties may be delayed or may
never be made;
risks
related to Metalla's reliance on public disclosure and other
information regarding the mines or
projects
underlying its streams
and royalties;
that some royalties or
streams may be subject to
confidentiality arrangements that limit or
prohibit
disclosure
regarding
those
royalties and streams;
business opportunities that become available to, or are pursued by,
Metalla;
that
Metalla's cash flow is
dependent on the activities of others;
that Metalla has had negative cash flow from
operating activities
in
the past;
that some royalty and stream interests are subject to rights of other
interest-holders;
that
Metalla's royalties and
streams may have unknown defects;
risks related to
Metalla's two
material assets,
the Côté property
and the Taca Taca property;
risks related to general
business and economic
conditions;
risks related to global
financial
conditions, geopolitical events and other uncertainties;
risks
related to epidemics,
pandemics or
other public health crises,
and the
spread of other
viruses or
pathogens, and the
potential impact thereof on Metalla's
business, operations and financial
condition;
that Metalla is dependent on its key personnel;
risks
related to Metalla's financial controls;
dividend
policy and
future payment of dividends;
competition;
that
project operators may not respect
contractual obligations;
that Metalla's
royalties and streams may be
unenforceable;
risks related to
conflicts of interest of Metalla's directors and officers;
that
Metalla may
not be able to obtain adequate
financing in the future;
risks
related to Metalla's
current credit facility and
financing agreements;
litigation;
title, permit or
license disputes related to
interests on any of the properties in which Metalla
holds, or
may acquire, a
royalty, stream or other
interest;
interpretation by
government entities of tax laws or the
implementation
of new tax laws;
changes in tax laws impacting Metalla;
risks related to
anti-bribery and anti-corruption
laws;
credit and
liquidity risk; risks related to Metalla's information systems and cyber
security;
risks
posed by activist
shareholders;
that Metalla may suffer reputational damage in the ordinary course of
business;
risks
related to acquiring,
investing in or developing resource projects;
risks applicable to
owners and
operators of properties in
which Metalla holds an
interest;
exploration, development and
operating risks;
risks related to climate change;
environmental risks;
that the
exploration and
development activities
related to mine operations are subject to extensive laws
and
regulations;
that the
operation of a mine or
project is subject to the receipt and maintenance of permits from
governmental
authorities;
risks
associated with the acquisition and maintenance of mining infrastructure;
that Metalla's
success is
dependent on the efforts of
operators' employees;
risks related to mineral resource and
mineral reserve
estimates;
that mining depletion may not be
replaced by the discovery of new mineral
reserves;
that
operators' mining operations
are
subject to risks that may not be able
to be insured
against;
risks
related to land title;
risks related to international operations;
risks related to operating in
countries
with
developing economies;
risks related to the construction, development and
expansion of
mines or
projects;
risks
associated with operating in areas that are presently, or were formerly, inhabited
or used
by
indigenous peoples;
that Metalla
is required, in certain jurisdictions, to allow individuals from
that
jurisdiction to hold
nominal interests in
Metalla's subsidiaries
in that jurisdiction;
the volatility of the
stock
market;
that existing securityholders
may be diluted;
risks related to Metalla's
public disclosure
obligations;
risks associated with future sales or issuances of debt or
equity securities; risks associated
with
the Company's loan facility;
that there can be no assurance that an active trading
market for
Metalla's securities will be
sustained;
risks related to the enforcement of civil judgments against Metalla;
risks
relating to Metalla potentially being a
passive "foreign investment company" within the meaning
of
U.S. federal tax
laws; and the other risks and uncertainties
disclosed under the heading "Risk Factors" in
the Company's most recent Annual
Information Form, annual report on Form
40-F and other documents
filed with or submitted to the Canadian securities
regulatory authorities on the SEDAR+ website at
www.sedarplus.ca
and the U.S. Securities and Exchange Commission on the
EDGAR website at
www.sec.gov
. Although we
have attempted to identify important factors that could cause actual actions,
events or results to differ materially from those
described in forward-looking statements, there may be
other factors that cause
actions, events or results not to be as
anticipated, estimated or intended. There
can be no assurance that forward-looking
statements will prove to be accurate, as
actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers
should
not place undue reliance on forward-looking statements. We are under no obligation
to update or
alter any forward-looking
statements except as required under applicable securities laws. For the reasons
set forth
above, undue reliance should not be
placed on forward-looking statements.
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SOURCE
Metalla Royalty & Streaming Ltd.
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%SEDAR: 00005157E
For further information:
CONTACT INFORMATION: Metalla Royalty & Streaming Ltd., Brett Heath, CEO, Phone: 604-696-
0741, Email: [email protected]; Kristina Pillon, Investor Relations, Phone: 604-908-1695, Email:
CO: Metalla Royalty & Streaming Ltd.
CNW 07:00e 09-DEC-24