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2026-11-06

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Full background report

Jorge Beristain

Chief Financial Officer

Career chronology

Education and qualifications

Reported education and credentials

As reported by issuer · issuer reported · low materiality

Almonty and Elevra report a Bachelor of Commerce from the University of Alberta and CFA charter.

Attribution: Responsibility not applicable. Credentials were not independently verified with the awarding body.

Relevance: Qualifications are relevant to role fit; they do not by themselves establish professional results.

CFO appointment (Appointment and prior roles, paragraphs 1–3)

Contributions and company outcomes

Carolina Lithium mining permit during Piedmont board tenure

May 2024 · documented · medium materiality

North Carolina’s environmental department issued Piedmont Lithium a mining permit in 2024, with operational limits and further air, wastewater and local zoning requirements. The permit was a project milestone, not construction or production.

Attribution: Role overlaps event; causation unproven. Beristain was a Piedmont director at the time. The reviewed evidence does not establish an individual contribution to the permit.

Relevance: Prior board oversight during project permitting, with implementation still conditional.

Elevra 2025 meeting materials filed with SEC (Director biography and board service); Mining permit issued for Piedmont Lithium operation (Permit announcement and additional requirements)

Litigation and enforcement

Piedmont derivative claims dismissed with prejudice

2022–March 2024 · documented · medium materiality

A 2022 US shareholder derivative complaint named Beristain and other Piedmont directors in claims relating to statements about the Carolina Lithium permitting process. Piedmont reported that the parties stipulated to dismiss the derivative cases with prejudice in March 2024, following dismissal of the related securities case, and the court closed them. Allegations are not findings of personal wrongdoing.

Attribution: Individual involvement documented. He was named in a derivative complaint; the record reviewed shows a stipulated dismissal and does not establish personal misconduct.

Relevance: Prior board governance context; the case is closed on the reported basis.

Thomascik v. Phillips docket (Parties and July 5 2022 initial filing); Piedmont quarterly report legal contingencies (Legal contingencies: Thomascik and Varbaro actions and March 2024 closure)

Piedmont disclosed SEC inquiry closure

February–November 2024 · issuer reported · medium materiality

Piedmont reported an SEC investigative subpoena in February 2024 concerning mining investments and operations outside the United States. In November 2024 it said the SEC informed the company the investigation was concluded and, based on information supplied at that time, the SEC did not intend to recommend further enforcement action. The reviewed disclosure does not name Beristain as an investigation target.

Attribution: Role overlaps event; causation unproven. Beristain was a Piedmont director during the inquiry; the company disclosure does not identify him as a subject or establish any personal wrongdoing.

Relevance: Prior employer regulatory context with reported closure, not a finding of misconduct.

Piedmont 2024 annual report (Notes to consolidated financial statements, legal contingencies, SEC investigation)

Suitability for the current role

Role fit and documented background

Through 31 October 2026 · analyst inference · low materiality

Analyst inference: the documented prior roles have relevance to the present title, but individual execution and effectiveness in the current position are not established by the biography.

Attribution: Responsibility not applicable. This is a limited inference from described experience, not proof of competence or performance.

Relevance: Relevant to current mining operations, finance or governance.

CFO appointment (Appointment and prior roles, paragraphs 1–3)

Evidence gaps

  • Degrees and professional credentials were not independently verified with awarding institutions or membership registers.

  • Historical employment dates and individual contributions remain incomplete; sources are predominantly issuer disclosures.

  • This is limited open-web research, not an exhaustive court, criminal, sanctions, regulatory, reference or employment verification.

  • Personal attribution of Ryerson market-capitalisation and Central Steel improvements was not independently established.