Board and Management Changes

ChemX Materials Ltd (ASX:CMX) (ChemX or the Company), a materials technology company focused on providing the critical materials required for electrification and decarbonisation, is pleased to advise that it has appointed experienced mining executive Mark Tory as Chief Executive Officer (CEO), to commence on 13 February 2023.

• Mark Tory, experienced industry executive, appointed Chief Executive Officer
  
• Warrick Hazeldine, currently Non Executive Director, appointed Chair

Mark was instrumental in the planning, construction and operations of Northern Minerals’ heavy rare earth Pilot Plant in the Kimberley region of Western Australia. He has also been involved in multiple exploration programs and project studies at Northern Minerals, Crescent Gold, Anglo American and Homestake.

Kristie Young has notified the Company that due to increasing commitments on various other boards, she will step down from her role as Chair and director on the ChemX Board with immediate effect.

With the appointment of Mark Tory, interim Managing Director, Stephen Strubel, will revert to his former executive director role, to be additionally responsible for investor relations and corporate development.

The new ChemX Chair, Warrick Hazeldine, welcomed Mark and thanked Kristie for her contribution to the Company since its ASX-listing in January last year.

“On behalf of the Board and Shareholders of ChemX, I want to express our sincere thanks to Kristie for her hard work to help position the Company and its projects for success,” Warrick Hazeldine said.

“Mark brings skills and experience relevant to progressing our High Purity Alumina plants as well as the ongoing exploration and development of the Company’s battery manganese and rare earth elements/kaolin projects in South Australia. The Board of ChemX appreciates the energy that Stephen brought to the role during his period as interim MD.”

Mark Tory said: “I am excited to be given the opportunity to lead ChemX as a part of the global battery mineral industry that is continuing to grow. I look forward to ChemX’s exciting journey involving multiple future facing products such as HPA, manganese and potentially rare earths, to help grow shareholder value.”

The material terms of Mark Tory’s Executive Services Agreement are appended to this announcement at Schedule 1.

The material terms of a variation agreement to Stephen Strubel’s existing Executive Services Agreement are appended to this announcement at Schedule 2.

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