Lykos Metals Limited has announced significant changes to its board and executive leadership as of 23 May 2025. The company disclosed that Non-Executive Director David Wheeler has been elevated to the role of Non-Executive Chair following the resignation of Ms Anna Sloboda, who stepped down to pursue other business interests. Ms Sloboda was recognized for her 18-month contribution towards the company’s progress in the Balkan region, marking a key milestone in the expansion of its operations. In recognition of his increased responsibilities, Mr Wheeler’s director’s fee has been raised to $60,000 per annum, while his other engagement terms remain unchanged. In a concurrent development, Executive Director Petar Tomasevic has been appointed as the Interim Chief Executive Officer, effective immediately. Mr Tomasevic brings over a decade of international experience advising resource companies on financial strategies, mineral asset acquisitions, and project development. His background includes leadership roles in capital raising and asset evaluation, and most recently, he served as a Director at Fenix Resources Ltd. Fluent in five languages and with a strong regional understanding of the Balkans, Mr Tomasevic’s appointment is backed by detailed contractual terms including a commencement date of 23 May 2025, an annual remuneration of $200,000 exclusive of superannuation, and a six-month notice period for termination by either party. The news introduces mixed sentiment for market participants. On the bullish side, the appointment of experienced leaders with strong industry credentials is expected to enhance the company’s strategic and operational focus, particularly as it nears an important milestone in the Balkan region. The strengthened board and leadership team could signal a proactive approach to growth and improved corporate governance. Conversely, the bearish perspective raises concerns about the potential disruption that often accompanies leadership transitions. Uncertainty over the strategic direction and integration of new leadership roles could pose short-term challenges as the company adapts to these changes. Overall, the developments at Lykos Metals Limited reflect a strategic move towards reinforcing its governance and operational expertise, with implications for both immediate market sentiment and longer-term strategic positioning.