CA - Clean Air Metals CEO Abraham Drost to step down
2023-06-02 07:43:56 ET
- Clean Air Metals ( OTCQB:CLRMF ) said Friday Abraham Drost will step down as CEO and director, effective immediately.
- Jim Gallagher, executive chair, will assume the CEO role on an interim basis and will retain the executive chair role.
- A search for a permanent CEO will begin in due course.
- Gallagher most recently served as CEO of North American Palladium.
- Clean Air Metals ( OTCQB:CLRMF ) is well funded with under C$10M in cash available to meet commitments well into 2024.
- "Given the difficult markets and our low share price, we do not anticipate raising any additional funds at least until 2024, avoiding unnecessary dilution of the stock," said Gallagher.
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Clean Air Metals CEO Abraham Drost to step down