Azumah Resources announced a significant transformation in its corporate governance with the unveiling of a new management and ownership structure.
This follows the successful completion of negotiations and full settlement by the new shareholder, Engineers & Planners Company Limited (E&P), which has paid an amount totalling One Hundred Million United States Dollars (US $100,000,000.00) in exchange for all rights and interests in the Black Volta and Sankofa Gold Projects.
This strategic realignment reflects the company’s commitment to strengthening its operational foundation, enhancing transparency, and positioning itself for sustainable growth within Ghana’s dynamic mining sector.
The revised leadership team brings together seasoned professionals with extensive experience in mineral exploration, corporate finance, and community engagement, ensuring a well-rounded approach to the company’s future endeavors.
Concurrently, changes in ownership underscore a renewed investment focus and long-term confidence in Azumah’s asset portfolio, particularly its flagship projects in Ghana’s highly prospective gold belts.
The company emphasized that these developments are designed to foster greater stakeholder collaboration, improve decision-making efficiency, and reinforce its dedication to responsible mining practices that benefit both shareholders and local communities.
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