![]() (“ Sierra ” or the “ Company ”) (TSX: SMT) and the need for a major reconstitution of the Board of Directors (the “ Board ”). (the “ Nominating Shareholders ”), together with other affiliates of Arias Resource Capital and its principal (together with the Nominating Shareholders, “ ARC ”) has launched to highlight the urgent case for change at Sierra Metals Inc. and Arias Resource Capital Fund II (Mexico) L.P. MIAMI, (GLOBE NEWSWIRE) - Arias Resource Capital Fund II L.P. Arias Resource Capital holds approximately 27% of the shares of Sierra Metals and has proposed for election to the Board five nominees with a track-record of delivering results to restore and protect shareholder value. In sharp contrast, Sierra Metals shareholders saw total positive returns of 93.12% as recently as FY20 (and 188.33% cumulative between 2010 and mid-2021) when Arias Resource Capital representatives were on the Sierra Board and the Company had leadership that was properly aligned to deliver high profitability and long-term sustainability. Shareholders are reminded that Sierra Metals’ market capitalization has plummeted over 90% in less than two years since Arias Resource Capital representatives left the Sierra Board. Exports jumped back above four million barrels a day in the week to April 28, a level surpassed only once since Moscow’s troops invaded Ukraine in February 2022, according to tanker-tracking data compiled by Bloomberg.Īrias Resource Capital Focuses on the Facts Regarding Sierra Metals with In Russia, meanwhile, there was no sign of a sustained drop in crude flows out of the country, despite its pledge to cut production by 500,000 barrels a day.
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