EV Resources has appointed Michael Brown as Managing Director and CEO to spearhead its North American antimony supply strategy, aiming to restart production in Mexico and expand U.S. projects amid rising demand for critical minerals.
- Michael Brown appointed as MD & CEO with immediate effect
- Focus on restarting Los Lirios Antimony Project in Mexico
- Advancing high-grade antimony projects in Nevada, USA
- Alignment with U.S. government’s critical minerals supply security goals
- Incentive package tied to operational milestones and market capitalization
Leadership Change Signals Strategic Shift
EV Resources Limited (ASX – EVR) has announced the appointment of Michael Brown as its new Managing Director and Chief Executive Officer, effective immediately. Brown brings over 30 years of international experience across mining and energy sectors, with a proven track record in project development, financing, and government partnerships. His leadership is expected to accelerate EVR’s ambitions to become a key supplier of antimony to North American markets.
Critical Mineral Supply in Focus
Antimony, designated a critical mineral by the U.S. government, plays a vital role in defense, energy, and industrial applications. The United States currently relies heavily on imports from countries like China and Russia, exposing it to supply chain vulnerabilities. EVR’s strategy to restart production at its Los Lirios Antimony Project in Mexico and develop high-grade projects in Nevada aligns closely with U.S. priorities to secure domestic and allied sources of this essential metal.
Strategic Growth and Government Engagement
Brown’s extensive experience working with governments and strategic partners is a key asset for EVR. The company aims to forge long-term agreements with U.S. government agencies and industry players to support supply chain security. This approach not only positions EVR as a potential cornerstone supplier but also taps into growing government support for critical minerals development.
Incentives Aligned with Performance
Brown’s consulting agreement includes a base salary of $300,000 per annum, a $50,000 sign-on bonus, and a substantial incentive package comprising options and performance rights. These incentives are linked to key milestones such as securing strategic investment, commencing sustained production at defined ore processing rates, and achieving market capitalization targets, underscoring the company’s commitment to measurable progress.
Positioning for the Future
EVR’s portfolio, combining near-term production potential in Mexico with promising U.S. assets, places it in a unique position to contribute meaningfully to North American critical mineral supply chains. With Brown at the helm, the company is poised to navigate the complex landscape of mining development, government relations, and market dynamics that will define the next phase of growth.
Bottom Line?
Michael Brown’s leadership could be the catalyst EV Resources needs to transform from explorer to critical supplier in a geopolitically sensitive market.
Questions in the middle?
- How quickly can EVR restart production at Los Lirios and scale operations?
- What progress will EVR make in securing U.S. government partnerships and funding?
- Can EVR’s Nevada projects deliver economically viable antimony production to establish a domestic U.S. supply?