Appointment of CEO

RNS Number : 7065X

URU Metals Limited

20 February 2012

 

20 February 2012

URU METALS LIMITED

("URU Metals" or "URU" or "the Company")

Appointment of Chief Executive Officer

The Board of Directors of URU Metals Limited is pleased to announce that Mr. Roger Lemaitre is joining the Company as Chief Executive Officer with effect from today.

Roger Lemaitre P.Eng., P. Geo., MBA, M.Sc. (Applied), B.Sc. (Applied) is a Professional Engineer and Geologist with more than 20 years of professional experience, predominantly with major mining companies. For the past 11 years, he has held a variety of senior management positions with Cameco Corporation, one of the world's largest uranium producers, and was most recently Cameco's Director of Worldwide Exploration.

In this position, Roger had responsibility for overseeing Cameco's international exploration programs and budgets on 95 different projects coordinated from three offices located on three continents, the negotiation of earn-in and farm-out joint ventures and strategic alliances, and generating and implementing exploration strategies worldwide.

Prior to joining Cameco, Roger was a project and field geologist for senior mining companies and junior explorers searching for copper, zinc and gold.

Roger has a Master of Business Administration from Athabasca University, a Master of Applied Science in Geology from McGill University and a Bachelor of Applied Science in Geological Engineering from Queen's University.

The current Chief Executive Officer, Anton Esterhuizen, will continue to act as joint-Chief Executive for an interim period while there is an orderly transfer of executive responsibilities by him to Roger Lemaitre. Mr Esterhuizen will remain an advisor to the board of URU Metals while concentrating on his other mining and exploration ventures.

Commenting on the appointment, Paul Loudon, Non-Executive Chairman of URU Metals, said:

"It is extremely pleasing that URU Metals has been able to attract Roger Lemaitre as Chief Executive Officer, a highly qualified and extremely experienced engineer and geologist with global exploration experience that fits well with the Company's goal of identifying and developing world class mineral deposits. Roger is committed to the Company's strategy and vision of advancing our existing uranium and nickel projects, as well as entering into joint ventures and making strategic investments in order to create long-term shareholder value.

I would like to thank the outgoing CEO Anton Esterhuizen for his efforts over the past 18 months. In particular, his identification of our extremely promising South African sulfide nickel projects."

For further information:

URU Metals Limited

Paul Loudon                             [phone]

John Lynch                               [phone]

Fairfax I.S. PLC (Nominated Adviser and Joint Broker)

Ewan Leggat/Laura Littley          [phone]

Daniel Stewart & Company Plc (Joint Broker)

Sean Lunn/Noelle Greenaway       [phone]

Brand: Mining IR

Dr Iestyn Adams/Andre Morrall   [phone]

 

END

 

 

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