Chairman of Japanese Kono appointed as Director

RNS Number : 2670W

Eurasia Mining PLC

21 December 2021

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN EU REGULATION NO. 596/2014 AND (AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018)   AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.

21 December 2021

Eurasia Mining Plc

Chairman of Japanese Kono appointed as Director

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that it has appointed Mr. Kotaro Kosaka as a non-executive Director of the Company.

About Kotaro Kosaka

Mr Kosaka holds a Master's Degree from Stanford University (USA) as well as a BA Degree from Keio University (Japan). Following 13 years in management roles with Mitsubishi Corporation, Kotaro has focused on his chairman role of Kono Foundation, originally founded by Mr. Junzo Kosaka, also the founder of Shin-Etsu (41 Billion JPY market capitalisation and leading semiconductor manufacturer listed on the Tokyo Stock Exchange).

Kono Foundation Previous Chairmen:

· Mr. Junzo Kosaka, 1st Chairman, also founder of Shinano Bank (now Mizuho Bank).

· Mr. Zentaro Kosaka, 2nd Chairman, Japanese politician who served as labour minister and two times as foreign minister, who opened diplomatic relation between China and Japan.

· Mr. Tokusaburo Kosaka, 3rd Chairman, CEO and Chairman of Shin-Etsu, Japanese politician who served as transport minister and minister of economic planning.

· Mr. Kenji Kosaka, 4th Chairman, Japanese politician who served as education minister.

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "We are delighted that Mr. Kosaka has decided to join Eurasia as a non-executive director. We see significant interest from Japan in PGM and battery metals assets, as Japan moves towards net zero-emission goals and the hydrogen economy. With JOGMEC and Hanwa having already acquired PGM assets in South Africa, the Japanese players are interested to further expand their presence in lower cost and energy abundant mining jurisdictions. Mr. Kosaka's appointment is a part of the execution of our strategy as previously announced".

AIM Disclosures

The following details in relation to the appointment of Mr. Kotaro Kosaka, aged 43, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships or partnerships	Previous directorships or partnerships in the last 5 years
Kono Foundation	Invero Technology Solutions Co., Ltd
A21 Venture
Kosaka Corporation
KK Chuo Nihonkagakusangyo

Mr Kosaka holds no ordinary shares or options in the Company.

A copy of this announcement is also available on Eurasia's website at:

https://www.eurasiamining.co.uk/investors/news-announcements.

For further information, please contact:

Eurasia Mining Plc	[phone]
Christian Schaffalitzky / Keith Byrne
SP Angel (Nominated Advisor and Joint Broker) Ewan Leggat / David Hignell / Adam Cowl	[phone]
Optiva Securities (Joint Broker) Christian Dennis	[phone]

About Eurasia Mining Plc

Eurasia Mining plc is a palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula.

 

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