{"id":106867,"title":"The founder of Power Metal, Paul Johnson, has passed on the leadership of the company","publisher":"Share Talk","author":"sharetalk","published":"2023-03-10T09:44:05+00:00","modified":"2023-03-10T09:47:41+00:00","canonical_url":"https://www.share-talk.com/the-founder-of-power-metal-paul-johnson-has-passed-on-the-leadership-of-the-company/","markdown_url":"https://www.share-talk.com/the-founder-of-power-metal-paul-johnson-has-passed-on-the-leadership-of-the-company.md","json_url":"https://www.share-talk.com/the-founder-of-power-metal-paul-johnson-has-passed-on-the-leadership-of-the-company.json","category":"Blogs","categories":["Blogs","Mining"],"tags":["Australian","Botswana","British Columbia","Cameroon","canada","Canadian","Christian Schaffalitzky","Cobalt","Coco East","COPPER","Copperbelt","Democratic Republic of Congo","Democratic Republic of the Congo","Ditau Project","drilling","Exploration","Farms","Gold","Golden Metal","Golden Metal Resources","group metals","Haneti","Haneti Project","helicopter","Jupiter Mines","KAT","Katoro Gold","KAV","Kavango Resources","Kenya","Kisinka","KKME","Lithium","Lubumbashi","Magical","McKellar","Molopo","Molopo Farms","Nevada","Nickel","Paul Johnson","pegmatite","Piedmont Lithium","platinum","PLL","POW","Power Metal","Power Metal Resources","Project","Québec","Red Rock Australasia","Red Rock Resources","RRR","Sayona Mining","Sean Wade","silver","Silver Peak Project","SYA","Tanzania","tungsten","URANIUM","USA","Victoria","Victoria Goldfields"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Power Metal has made an announcement that its founder and CEO, Paul Johnson, will be stepping down from his role with immediate effect, and a management reshuffle will follow his departure.\n\nAccording to a statement from the company, Johnson is stepping down to focus on urgent family health matters but will continue to support the company in a background capacity while it pursues its spin-off and disposal strategy.\n\nSean Wade, who has previously held senior roles at Berkeley Energia, Pensana, and Asia Resource Minerals, will succeed Johnson as CEO. He was also a co-founder of Liberum, a London stockbroker, and began his career at Cazenove.\n\nScott Richardson-Brown, who has served as the interim non-executive chair of Power Metal since 2021, has now been appointed to the role on a permanent basis.\n\nWade’s focus will be on accelerating the spin-out IPOs of **Golden Metal Resources** (of which Power Metal owns 83%),** First Development** (58.6%), and **New Ballarat Gold** (49.9%), as well as completing the sale of two uranium properties in Canada.\n\nFor Power Metal, the priority will be developing its nickel and gold systems in Botswana, as well as its remaining uranium assets in Saskatchewan.\n\nJohnson commented on the transition, saying that as the company’s largest shareholder, he believes this change in management is the right step for Power Metal to reach its full potential. Wade added that he is excited about the challenge of unlocking inherent value and focusing the business on advancing key exploration interests in Africa, potentially with strategic partners."}