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Future Mineral Resources Inc. (“Future Mineral” or the “Company”) (TSX: FMR) announced that Indivar Pathak has been appointed as president and chief executive officer, effective immediately. The Company also named Con Steers as non-executive chairman, Stephen Woodhead as chief financial officer, and Dr. Andreas Rompel as chief operating officer, all effective immediately.
Indivar Pathak is a graduate of Delhi University with a Bachelor of Commerce degree. He is a finance professional holding Certified Public Accountant (CPA) and Certified Management Accountant (CMA) certifications since 2002. His career began at Deutsche Bank, followed by roles at Cadbury and Rogers AT&T.
Con Steers brings more than four decades of international business experience. While based in Brazil, he served as a director and senior executive at Docas Investimentos, a Brazilian-owned investment firm with interests including real estate, shipbuilding, telecommunications, and, more recently, oil and gas. He has held board positions at publicly traded companies, including PRIO S.A. (formerly Petro Rio S.A.). He earned an Honours Bachelor of Arts degree from the Richard Ivey School of Business at Western University.
Stephen Woodhead is a graduate of the University of Cape Town and a member of the South African Institute of Chartered Accountants. He has more than 30 years of experience in the resource sector and currently serves as chief financial officer of Black Iron Inc., Q-Gold Resources Ltd. and Aberdeen International Inc. His background includes CFO/VP Finance roles with public companies, including Desert Sun Mining (2003 to 2006), which was acquired by Yamana Gold. He has also held roles connected to the development and operation of projects including the Jacobina gold mine in Brazil, a coal mine in South Africa through Homeland Energy, gold mine development and operations in Australia through Crocodile Gold, a copper mine in Namibia through Trigon Metals, and graphite exploration and development in Namibia and Brazil through Gratomic. He has served as a director of Apogee Minerals (silver), Vaaldiam Mining (diamonds) and Lipari Mining (diamonds).
Dr. Andreas Rompel is an exploration professional with more than three decades of exploration and mining experience across roles including VP Exploration and Project Manager, Country Manager, and Corporate Development. His experience spans precious metals, base metals, and energy metals including cobalt and lithium. For more than a decade, he evaluated capital projects within Anglo American and served on the board of Spectrem (an Anglo-American company) as Technical Director. He has worked across multiple countries and has multi-linguistic skills.
The appointments of Messrs. Pathak and Woodhead follow the resignations of Fred Leigh as president and chief executive officer and a director of the Company, and Peter Michel as chief financial officer of the Company, each effective immediately. The board and management of Future Mineral expressed gratitude to Messrs. Leigh and Michel for their efforts and contributions.
Future Mineral also announced that it entered into a master services agreement with Native Ads, Inc. (“Native Ads”) dated April 15, 2026, to support its investor awareness marketing campaign. Native Ads provides strategic digital media services, marketing and data analytics services (the “Services”).
Under the agreement, Native Ads will assist the Company in enhancing visibility with potential investors for a total cost of between US$70,000 and US$425,000, payable in advance, for an estimated 24-month period commencing in Q2 2026. The Company stated that Native Ads is an arm’s length party and primarily operates out of New York City. As of the date of the press release, the Company said that, to its knowledge, neither Native Ads nor any of its directors and officers own any interest, directly or indirectly, in the securities of the Company.
Future Mineral is a venture capital company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas and Europe.
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