Atrum Coal, an ASX-listed developer of anthracite assets in British Columbia, Canada, has advised that two of its non-executive directors have elected to retire from the board with immediate effect. According to a company press release, John Wasik and Steve Boulton will leave for “personal reasons”.
“John has elected to stand down from both the Atrum Coal and Kuro Coal boards for personal reasons,” said Bob Bell, Atrum’s Executive Chairman. “He has been a great support at board level and know both companies will miss his contribution and expertise.”
“Steve Boulton has also elected to retire from the board and will similarly be missed for his contribution and expertise,” continued Bell. “The vacancies provide an opportunity for Atrum and Kuro to appoint new directors who will assist us advance Groundhog and generate revenues from US anthracite sales.”
The Groundhog project in British Columbia has a JORC resource of 1.57 billion t with potential for shallow low-impact and low-cost mining potential, according to Atrum’s website.