# Megan McPherson Chief Financial Officer / Company Secretary ## Career chronology - **CFO from 5 May 2025; Company Secretary from 2 March 2026; current: American Rare Earths** — CFO; Company Secretary from 2 March 2026. [Appointment of Chief Financial Officer]() (appointment effective date); [Management team]() (current role); [Quarterly Activities Report for period ended 30 June 2026]() (company secretary change); [Appointment of Chief Financial Officer]() (CFO effective 5 May 2025); [Letter to Shareholders]() (current CFO role and reporting line) - **CFO from 2022; Company Secretary through December 2024: Group 6 Metals** — Chief Financial Officer and later Company Secretary. [Annual Report to shareholders, year ended 30 June 2025]() (p. 7, company secretary history); [Appointment of Chief Financial Officer]() (prior role) - **By 2021; exact employment period and responsibility details not reported: Cuesta Coal** — Senior executive; company ASX listing. [Megan McPherson professional profile]() (professional summary, listing history) - **Appointed 2020; end date not established: Antilles Gold** — Company Secretary. [Megan McPherson professional profile]() (role chronology) ## Contributions and company outcomes ### Finance and commercial role during project funding/development stage [megan_mcpherson_capital_stage] 2025–2026 · issuer reported · medium materiality The company’s project remains pre-production and its activities/quarterly filings describe ongoing study, pilot plant and capital-market work. This role overlaps the development stage but no individual capital or commercial outcome is established. **Attribution:** Role overlaps event; causation unproven. Company-level progress; no personal attribution established. **Relevance:** Relevant to finance/commercial accountability at a development-stage explorer. [Quarterly Activities Report for period ended 30 June 2026]() (financial and corporate development sections); [Management team]() (current role) ## Business failures and setbacks ### Development-stage losses and no producing operation [megan_mcpherson_preproduction] Through 30 June 2026 · issuer reported · medium materiality ARR remains a pre-revenue rare earth developer with no operating mine; financial reports describe continued exploration, studies, processing test work and capital needs. This is a company-stage limitation, not evidence of personal failure. **Attribution:** Role overlaps event; causation unproven. Company performance overlaps current tenure for some executives; no individual causation demonstrated. **Relevance:** Material context for delivery track record and capital stewardship. [Annual Report to shareholders, year ended 30 June 2025]() (financial statements and going-concern/project sections); [Half Yearly Report and Accounts, six months ended 31 December 2025]() (financial statements and operations); [Quarterly Activities Report for period ended 30 June 2026]() (quarterly activities and cashflow) ### Group 6 Metals’ operating and financial transition [megan_group6_operating_outcomes] 2023–2025 · issuer reported · high materiality Group 6 announced commercial production at Dolphin in July 2023. Its later annual report records a A$133.6 million FY2024 loss and describes substantial funding pressures and delayed FY2024 reporting; a 2025 recapitalisation followed. **Attribution:** Role overlaps event; causation unproven. McPherson was company secretary from February 2022 to 19 December 2024, with a prior CFO role. The financial results and later recapitalisation are company-level outcomes; personal responsibility is not established. **Relevance:** Relevant finance and governance context, distinguishing a delivered operational milestone from subsequent financial pressure. [Dolphin commercial production announcement]() (commercial production announcement); [Group 6 Metals annual report for FY2024]() (pp. 1, 7 and financial statements); [Group 6 Metals annual report for FY2025]() (director report and loss comparison) ## Suitability for the current role ### Background relevant to current remit [megan_mcpherson_experience] Career through cutoff · analyst inference · medium materiality Bachelor of Commerce, University of Wollongong; CA ANZ member, as reported by issuer appointment release. A dated ASX announcement sets the CFO start at 5 May 2025, and an issuer release later records Company Secretary from 2 March 2026. Business News identifies earlier company secretary experience at Antilles Gold and participation in Cuesta Coal’s ASX listing; these earlier details are secondary and do not establish her personal contribution. **Attribution:** Responsibility not applicable. Issuer biography/appointment material provides this background; independent qualification and career verification are incomplete. **Relevance:** Relevant to current role, with depth varying by available published evidence. [Management team]() (Megan McPherson biography); [Appointment of Chief Financial Officer]() (qualifications and appointment); [Megan McPherson professional profile]() (career overview and prior roles); [Appointment of Chief Financial Officer]() (dated CFO appointment and credentials) ## Evidence gaps - Public profiles omit or incompletely date some prior roles and qualifications. - Open-source searches are not exhaustive criminal, sanctions, litigation, regulator or credential checks. - Public record reviewed does not quantify her individual contribution to prior company financing/listing outcomes; group-career details from Business News are secondary. - The inherited 9 October topic-search history was not independently verifiable; the 31 October name-focused search was broad and did not establish exhaustive topic or jurisdiction coverage.