MTM Critical Metals Limited reported that CEO Lachlan Reynolds has tendered his resignation, with immediate effect. Mr. Reynolds, who has served as Managing Director since the Company's listing in July 2021 until moving to the position of CEO in April 2024, will remain with the Company over coming months to ensure an orderly transition to assist in moving to a new executive team. He will subsequently continue to provide services as Exploration Consultant to the Company.

Steve Ragiel was appointed as President and Managing Director of the Company's US subsidiary Flash Metals USA Inc. in April 2024 and will continue in that role to minimize disruption to the business and ensure the leadership of the company remains focused on delivering the Company's operational and strategic agenda. The Company will review its HR requirements in relation to its exploration operations before the end of Lachlan Reynolds tenure.