ACG Metals Limited ACG Appoints Michael R. Pompeo

RNS Number : 2819V

ACG Metals Limited

30 January 2025

 

30 January 2025

 

ACG METALS LIMITED

("ACG" or the "Company")

Former U.S Secretary of State joins as Non-Executive Director

 

ACG is pleased to announce the appointment of Mr Michael R. Pompeo, former U.S Secretary of State, as a Non-Executive Director.

 

Mr. Pompeo brings unrivalled geopolitical expertise and a strong global network to ACG, having served as the 70^th Secretary of State in the United States from 2018 to 2021. He was also the sixth Director of the Central Intelligence Agency from 2017 to 2018. He started his career as a lawyer, graduating from Harvard Law School with a juris doctor, before building a successful aircraft parts manufacturing company, Thayer Aerospace. Mr. Pompeo served as the U.S House of Representatives member from Kansas's 4^th district between 2011 and 2017.

 

Mr Pompeo joins as part of a strategic partnership ACG has signed with Impact Investments LLC, where he is Executive Chairman. Impact Investments is a US based strategic and financial advisory and investment firm, which advises some of the world's leading companies across a range of industries and geographies. As part of this partnership, Impact Investments will advise and assist ACG as it pursues its ambitious plan to become a leading global copper company serving  U.S and Western industrial supply chains.

 

 

Artem Volynets, Chairman and CEO of ACG, said:

 

"We are delighted to welcome such a distinguished statesman and entrepreneur to ACG's Board. Mike, and Impact Investments, will bring valued strategic advice to assist our future growth, including through M&A and strategic partnerships, as we seek to become the leading copper mining company on the LSE. Mike's appointment is validation of that strategy, as well as a very positive step towards its realization."

 

Michael R. Pompeo, Non-Executive Director at ACG, said:

 

 "I am very pleased to join ACG, at such an exciting time for the business. ACG has made great progress so far, acquiring the Gediktepe Mine in Türkiye , and is well positioned to capitalize on strong current and future demand for copper globally. I look forward to contributing to the company's story as it builds scale and value for its shareholders."

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The person responsible for the release of this information on behalf of the Company is Artem Volynets, Chief Executive Officer.

 

For further information please contact:

 

Palatine                                                          [e-mail]

Communications Advisor

Conal Walsh / James Gilheany/ Kelsey Traynor/ Richard Seed

 

About the Company

 

ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics.

 

In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine, an operating open pit mine in Türkiye currently producing 34 koz of gold and 361 koz of silver.

Gediktepe is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt.

 

ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector. The team brings a significant network as well as a commitment to ESG principles and strong corporate governance.

 

For more information about ACG, please visit: https://acgmetals.com/  

 

 

 

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