VVV Resources Limited Announces New Director and Share Issuance

VVV Resources plc confirmed the appointment of Benjamin Hill as a Non-Executive Director and the issuance of new shares as part of the director's compensation package. The company, which owns the Mitterberg Copper Project in Austria, aims to leverage Hill's extensive experience in law and equity financing to advance the project.

Benjamin Hill, 48, has a solid background in legal and investment fields, particularly in natural resources. His appointment is seen as a strategic move during a time when copper prices are surging and supply is tightening. Hill has been granted 333,334 new ordinary shares as part of his compensation. In a related move, VVV Resources also issued shares to other directors in lieu of a portion of their fees to preserve cash.

The Company's Executive Chairman, Jim Williams, expressed enthusiasm about Hill's addition to the team, noting his potential to enhance project development and liquidity. VVV Resources appears poised to capitalize on copper market dynamics with strategic leadership adjustments.