Royal Road Minerals Announces Appointment of Sarah Armstrong-Montoya to the Board of Directors, Establishment of Special Advisory Board, Issue of Stock Options
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce the appointment of Sarah Armstrong-Montoya to the Board of Directors. Additionally, the Company has established a "Special Advisory Board, Safety, Security and Sustainability". Current Directors, Hugh Devlin and Guy Wallis, have proposed and agreed to step down from the Board of Directors in-order to occupy roles on the Special Advisory Board.
Sarah has a legal background and previously worked at Xstrata Copper, Linklaters (Hong Kong) and Corrs Chambers Westgarth (Australia). For the last 15 years Sarah has worked with the Ivanhoe group of companies where she has held various senior management positions, directing transactions throughout Asia-Pacific, North America and Latin America. In 2016, Sarah was appointed as Vice President, General Counsel of Cordoba Minerals Corp (TSXV: CDB) and in June 2018 she was appointed as President of subsidiary company, Minerales Cordoba S.A.S., managing all in-country operations in Colombia. Sarah was appointed as President and Chief Executive Officer of Cordoba Minerals Corp in April 2021.
Royal Road's commitment to safety, security and sustainability drives long-term value and reinforces its reputation as a responsible exploration and development company. The Company has managed and maintained the security and well-being of its employees in often complicated and testing operating environments and has been formally recognized and awarded for its innovative approach to sustainability. The appointment of Hugh and Guy to the newly established Special Advisory Board ensures rigor, independent audit and experienced direction of Royal Road's ongoing operations and sustainability initiatives.
The Company also announces that, effective May 19, 2025, it has granted an aggregate 1,250,000 stock options to purchase ordinary shares (the "Shares") in the capital of the Company, exercisable at a price of $0.15 per Share for a period of two (2) years to certain directors of the Company. The Shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant. As of the date hereof, the outstanding options, including the options granted effective May 19, 2025, represent approximately 6% of the issued and outstanding Shares of the Company.
"We welcome Sarah to the Royal Road team where her unparalleled experience, especially with the internationally successful Ivanhoe Group, will greatly enhance and support our continued transition into the newly emerging jurisdictions of Saudi Arabia and Morocco whilst maintaining leverage to our extensive Colombian project portfolio." Said Jon Hill, Royal Road's Chairman. "Hugh, a joint founder of Royal Road and Guy, provide unequalled strategic and operational experience in highly challenging, socially sensitive environments. The establishment of the Special Advisory Board at this juncture speaks to the importance we place on safety, security and sustainability, especially as we rapidly expand drill-testing of the impressive exploration target portfolio our technical teams have assembled in our operating countries".
About Royal Road Minerals:
Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The Company currently explores in the Kingdoms of Saudi Arabia and Morocco and in Colombia. More information can be found on the Company's website www.royalroadminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement:
This news release contains certain statements that constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, "forward-looking statements") describing the Company's future plans and the expectations of its management that a stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company's business or in the mineral resources industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about, among other things, future economic conditions and courses of action, and assumptions related to government approvals, and anticipated costs and expenditures. The words "plans", "prospective", "expect", "intend", "intends to" and similar expressions identify forward looking statements, which may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans.
The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. There is no guarantee that the anticipated benefits of the Company's business plans or operations will be achieved. The risks and uncertainties that may affect forward-looking statements include, among others: economic market conditions, anticipated costs and expenditures, government approvals, and other risks detailed from time to time in the Company's filings with Canadian provincial securities regulators or other applicable regulatory authorities. Forward-looking statements included herein are based on the current plans, estimates, projections, beliefs and opinions of the Company management and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.
