The Euro Manganese board said it would “begin implementation of a CEO succession plan”.
A search would begin for a new chief executive officer to carry the battery materials specialist through its next stage of development, as it moves from development to operations.
Marco Romero, founder and current CEO, will remain in the post until a successor is in place.
He said: “I have been looking for the right opportunity to make way for a new CEO for some time and have been working closely with the board to set the stage for a transition.
“This current phase, where we are busy completing our feasibility study and EIA, building our demonstration plant, as well as setting the stage for project financing and construction, represents an ideal time to effect that change.
“What we need now is to onboard a CEO who has the right credentials to build out our organisation and prepare us for life as an operating company at the heart of the European battery supply chain.
“I plan to remain with the company in a new role to help our team achieve our key goals and to pursue opportunities beyond the advancement of our current project.”
Euro Manganese’s main focus at the moment is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest, re-processing a significant deposit hosted in mine tailings from a decommissioned mine, located in the Czech Republic.