Reveille Resources proposes to appoint ex-UK deputy PM Raab to board

Reveille Resources PLC on Monday proposed to bring Dominic Raab to its board.

The natural resources explorer focused on uranium opportunities in Italy, which in October appointed former US secretary of state Mike Pompeo as non-executive chair, said the appointment of Raab is subject to a successful completion of customary regulatory diligence.

Conservative Raab served as deputy prime minister of the UK under prime ministers Boris Johnson and Rishi Sunak between 2021 and 2023. He was a member of UK Parliament for Esher & Walton from 2010 to 2024, and served as UK foreign secretary between 2019 and 2021.

Raab agreed to receive 50% of his annual pay at Reveille Resources in equity.

The proposed independent non-executive director said: "I am delighted to join Reveille at this important stage in its development. The strategic importance of uranium is clear, both for energy security today and for the resilience of nuclear-fuel supply chains over the long term. Reveille has the opportunity to build a broad portfolio in Western-aligned jurisdictions at a time when energy security, reliable and competitively priced energy, and meeting climate objectives have never been more relevant."

Chair Mike Pompeo said: "I am pleased to welcome my friend and former colleague Dominic Raab to Reveille's board. Dominic and I worked closely together during our time in government, and I have great respect for his leadership, his commitment to Western security and his understanding of the geopolitical challenges facing our nations. His decision to join Reveille is a strong endorsement of the opportunity before us."

Reveille Resources started trading on London's Aquis Stock Exchange in July with an initial public offering price of 5 pence and a market capitalisation of £4.0 million. Shares in the company on Monday afternoon in London compared to Friday's close are 6.6% lower at 16.00p each, for a market cap of £12.8 million.

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