Kuniko (ASX:KNI) share price soars 15% amid new CEO’s unveiling

Kuniko has a new leader at its helm.
The post Kuniko (ASX:KNI) share price soars 15% amid new CEO’s unveiling appeared first on The Motley Fool Australia. –

The Kuniko Ltd (ASX: KNI) share price is soaring today amid news the company has appointed a new leader.

The company announced Antony Beckmand, a seasoned mining executive, has been instated as its new CEO this morning.

Right now, the Kuniko share price is $3.13, 15.07% higher than its previous close.

Let’s take a closer look at the mineral exploration company’s new leader.


The Kuniko share price is soaring today amid exciting news of the company’s new CEO.

Beckmand has more than 20 years of experience in the mining industry.

Prior to being CEO of Kuniko, a position he officially started today, Beckmand was CEO of Norway’s Sydvaranger iron project. He is also currently an independent director of Nordic Mining ASA and was previously managing director and CEO of formerly-ASX-listed Northern Iron.

Beckmand is based in Norway, as are Kuniko’s battery metals projects.

Commentary from management

Kuniko chair Gavin Rezos commented on the company’s newest appointment:

(Beckmand) is an outstanding mining executive who is enthusiastic about our exceptional portfolio of projects in Norway and fully embraces our next generation ethos of responsible, sustainable mining practices to produce ethically sourced and secure supply battery minerals for an electro-mobile society.

Antony is based in Norway and with non-executive director Birgit Liodden in Oslo, we are well placed to advance our projects in Norway whilst working closely with all stakeholders including government and local communities from an early stage of development.

Kuniko share price snapshot

Today’s gains included, the Kuniko share price has gained a whopping 265% since its initial public offering (IPO) just last week.

As we reported last Tuesday, the company’s shares boosted 500% on the opening of its ASX debut. Under the company’s prospectus, its shares were on offer for just 20 cents apiece.

Investors who got in on the prospectus have seen their investment increase by a massive 1,455%.

At its current share price, the company has a market capitalisation of around $165 million.

The post Kuniko (ASX:KNI) share price soars 15% amid new CEO’s unveiling appeared first on The Motley Fool Australia.

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More reading

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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