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LONDON - Arc Minerals Ltd (LSE:ARCM) announced Wednesday that non-executive director Valentine Chitalu has resigned from the company’s board, effective July 30, 2025.
According to the company’s statement, Chitalu stepped down due to increased commitments to his other interests, which have made it difficult for him to devote sufficient time to his responsibilities at Arc.
Chitalu, who served on the board for three and a half years, also acted as a strategic advisor to the mining exploration company, which operates in Zambia and Botswana.
"I have been privileged to be part of the Arc Minerals team and to contribute to the company’s exploration activities in Zambia and Botswana," Chitalu said in the statement.
Executive Chairman Nick von Schirnding thanked Chitalu for his "time and sage advice" and indicated that the company has begun discussions regarding potential Zambian candidates to replace him as a non-executive director.
Arc Minerals, listed on the London Stock Exchange (LON:LSEG), focuses on mineral exploration projects primarily in Africa. The company’s announcement was made through a regulatory filing that contained information deemed to constitute inside information under Market Abuse Regulations.
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