Meteorological resources (ASX:MEI)a Perth-based exploration company focusing on the development of rare earth materials, has announced the appointment of Stuart Gale as its new managing director and managing director, effective immediately. Gale, who joined the company in April 2024, leaves his role as General Manager – Commercial. He succeeds Nick Holthouse, who will now focus exclusively on advancing the company’s Caldeira Ionic Clay Rare Earth project in Brazil.
Stuart Gale brings extensive financial and operational leadership experience from his previous roles, including CEO of Resolute Mining (ASX:RSG)where he oversaw the sale of the Bibiani gold mine and managed complex mining operations in West Africa. He also spent almost a decade at Fortescue Metals Group (ASX:FMG) during its scale-up phase.
Commenting on his new role, Executive Chairman Andrew Tunks said: “Stuart has demonstrated exceptional leadership skills and strategic acumen. His experience in equity and debt capital markets makes him the ideal candidate to exploit the world-class potential of the Caldeira Project.”
Meteoric Resources shares closed 10.53% higher at 10 cents on the news.