Vulcan Energy Resources has reported that Mark Skelton will retire from the Board as a non-executive director of the Company effective February 1, 2024. Mr. Skelton joined the Board of Vulcan in April 2022 whilst the Company was evolving from a development company into a project execution company. During his time on the Board, Mr. Skelton contributed to building a strong executive leadership team across Vulcan, and specifically, the build-out of the project execution team, which has already made significant strides with completion of the construction of the Lithium Extraction and Optimisation Plant.

As the Company moves towards Phase One execution, the Projects Oversight Committee, constituted of members Dr. Heidi Grön and Dr. Günter Hilken who both have significant chemical plant construction expertise, will be chaired by Dr. Hilken, to reflect the German-centric focus of project execution-related risk governance during the next phase of the Company's growth.