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- Triton Minerals (TON) has announced its Managing Director and CEO Peter Canterbury has stepped down from his role, effective January 31
- Peter has agreed will remain as a Non-Executive Director to overlook the construction phase of the Ancuabe Graphite Project in Mozambique
- Chief Financial Officer David Edwards will assume the role of interim CEO at the beginning of February
- Looking ahead, Triton is working towards construction at the Ancuabe project
- On the market this morning, Triton is up 6.38 per cent and is trading at 5 cents per share
Triton Minerals (TON) Managing Director and CEO Peter Canterbury has stepped down from his role, effective January 31.
Peter will begin in a new senior executive role at the beginning of February 2021.
In the meantime, he has agreed to stay on as a Non-Executive Director with Triton to ensure there is a smooth transition as the company heads towards the construction phase of the Ancuabe Graphite Project in Mozambique.
“Peter has achieved significant milestones during his four years with Triton and
has ideally positioned the company reach the stage we are now at, to begin the construction of Ancuabe in 2021,” Chairman Max Ji said.
“The board is pleased that Peter has agreed to continue as a Non-Executive Director of the company, providing invaluable support as we transition into the next exciting chapter of the Ancuabe Project, with construction to commence in 2021,” he added.
In the meantime, Chief Financial Officer David Edwards will assume the role of interim CEO at the beginning of February.
David joined Triton in January 2017 and has held previous roles with Clough and Fortescue Metals (FMG).
Ancuabe Graphite Project
Additionally, Triton has also reported on its financing and construction progress at Ancuabe.
Triton’s largest shareholder, Jigao International Investment Development, has met with a major Chinese state-owned construction company to help with mobilisation, bulk earthworks and financing.
The meeting indicated Ancuabe is at a very advanced stage, however, final approval will need detailed terms negotiated.
On the market this morning, Triton is up 6.38 per cent and is trading at 5 cents per share at 10:10 am AEDT.
