DPM Metals Inc.

Career chronology

• Issuer-reported role; CEO since May 2020; DPM COO from 2014 and SVP operations from 2012; prior senior roles at Xstrata, Falconbridge, BHP and Anglo American.: DPM Metals Inc. — President and CEO. Management Team (David Rae biography)

• Dates not established: Xstrata and Falconbridge — Senior mining and operating positions. Management Team (David Rae biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

BSc Physical Metallurgy, University of Leeds. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Contributions and company outcomes

2025 production and financial results

2025 · issuer reported · medium materiality

DPM reported 244,979 ounces of gold, 30 million pounds of copper, and US$492 million operating cash flow from continuing operations in 2025. These are corporate outcomes and commodity prices also affect financial results.

Attribution: Role overlaps event; causation unproven. The company result occurred during this executive role; an individual causal contribution is not isolated.

Relevance: Operational and financial delivery.

2025 Annual Report (pp. 3–4: performance highlights)

Industrial safety

Tsumeb workplace fatality and investigation

2020–2024 · documented · high materiality

A DPM employee died during maintenance at the Tsumeb smelter in November 2020; DPM halted operations and notified authorities. Its subsequent AIF said an external investigation was completed and recommendations closed. The original report and regulatory disposition were not obtained; DPM sold the smelter in August 2024.

Attribution: Role overlaps event; causation unproven. Rae was CEO at the time; sources do not establish personal fault or direct responsibility for the incident.

Relevance: Material safety outcome during CEO tenure.

Dundee reports fatality at Tsumeb (p. 1); 2021 Annual Information Form (p. 33: Tsumeb operation); Tsumeb smelter sale completed (Transaction details)

Environmental record

Tsumeb environmental and human-rights allegations

2020–2026 · disputed · high materiality

UN experts wrote to DPM in 2025 and 2026 seeking responses to allegations of worker and community harm related to historical contamination at the former Tsumeb smelter. The communications are not adjudicated findings. An independent investigation reported high arsenic results and community allegations; DPM disputed allegations and said it had invested in environmental upgrades. OHCHR lists company replies, but the signed image-only documents could not be read in this environment.

Attribution: Role overlaps event; causation unproven. The allegations span multiple owners and periods, including Rae’s CEO tenure; neither the allegations nor role establish personal misconduct.

Relevance: Serious unresolved environmental, worker health and governance context.

Special procedures communication OTH 52/2025 (pp. 1–6, communication OTH 52/2025); Special procedures follow-up OTH 51/2026 (pp. 1–4, communication OTH 51/2026); Canadian copper company leaves toxic waste (Investigation and company response); UN Tsumeb communication and replies index (Reply index)

Governance and interests

Loma Larga licence and consultation dispute

2025–2026 · disputed · high materiality

UN experts sought clarification on allegations concerning consultation and human rights in July 2026. DPM confirmed the environmental licence issued in June 2025 was revoked in October 2025; it maintains its environmental plan is compliant and was considering legal avenues. MiningWatch reported allegations concerning proceedings against six environmental defenders and quoted DPM rejecting allegations of illegalities, manipulation, violence or intimidation. The communication is not an adjudicated finding.

Attribution: Role overlaps event; causation unproven. Rae was CEO during the licence and dispute; no personal misconduct or direct responsibility is established.

Relevance: Relevant to social licence and governance.

Special procedures communication OTH 17/2026 (pp. 1–3); Q1 2026 management discussion and analysis (Loma Larga Project); Civil-society letter on Loma Larga and company response (Letter and quoted company response)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

CEO since May 2020; DPM COO from 2014 and SVP operations from 2012; prior senior roles at Xstrata, Falconbridge, BHP and Anglo American.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (David Rae officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

• The 2025 and 2026 signed OHCHR responses are image-only and could not be read with available tools.

• Tsumeb original investigation findings and regulatory disposition were not obtained.

Career chronology

• Issuer-reported role; CFO since November 2022; previously Teranga Gold CFO and Barrick finance leadership.: DPM Metals Inc. — Executive Vice President and CFO. Management Team (Navin Dyal biography)

• Nine years before Teranga acquisition: Teranga Gold — Senior Vice President and CFO. Management Team (Navin Dyal biography)

• 2005–2012: Barrick Gold — Finance roles including head of copper business finance. Management Team (Navin Dyal biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

B.Comm, University of Toronto; issuer reports CPA/CA. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Contributions and company outcomes

2025 production and financial results

2025 · issuer reported · medium materiality

DPM reported 244,979 ounces of gold, 30 million pounds of copper, and US$492 million operating cash flow from continuing operations in 2025. These are corporate outcomes and commodity prices also affect financial results.

Attribution: Role overlaps event; causation unproven. The company result occurred during this executive role; an individual causal contribution is not isolated.

Relevance: Operational and financial delivery.

2025 Annual Report (pp. 3–4: performance highlights)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

CFO since November 2022; previously Teranga Gold CFO and Barrick finance leadership.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Navin Dyal officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; COO since 2024; earlier senior roles at Chelopech and European operations, with reported contributions to Ada Tepe commissioning.: DPM Metals Inc. — Executive Vice President and COO. Management Team (Iliya Garkov biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

PhD mining engineering, University of Mining and Geology, Sofia; issuer reports London Business School executive programme. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Contributions and company outcomes

2025 production and financial results

2025 · issuer reported · medium materiality

DPM reported 244,979 ounces of gold, 30 million pounds of copper, and US$492 million operating cash flow from continuing operations in 2025. These are corporate outcomes and commodity prices also affect financial results.

Attribution: Role overlaps event; causation unproven. The company result occurred during this executive role; an individual causal contribution is not isolated.

Relevance: Operational and financial delivery.

2025 Annual Report (pp. 3–4: performance highlights)

Environmental record

Vareš blood-lead concerns

2025–2026 · disputed · high materiality

Reuters reported lead detection among residents and a complaint by environmental groups after DPM acquired the Vareš operation. The company said it was cooperating with authorities; in October 2026 the municipality and health centre said testing had not established a specific source or causal link to a particular industry.

Attribution: Role overlaps event; causation unproven. Garkov’s operations remit includes Vareš; detected exposure does not establish mine causation or his personal responsibility.

Relevance: Material health and environmental oversight context.

Blood lead testing and company comments (Reuters report and company statement); Vareš health-centre and municipality update (23 October institutional update); 2026 Management Information Circular (p. 111: COO accountabilities)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

COO since 2024; earlier senior roles at Chelopech and European operations, with reported contributions to Ada Tepe commissioning.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Iliya Garkov officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; EVP Corporate Development from June 2024; previously Sweetwater Royalties CEO 2020–23 and SSR Mining business development 2009–20.: DPM Metals Inc. — Executive Vice President, Corporate Development. Management Team (W. John DeCooman Jr. biography)

• 2020–2023: Sweetwater Royalties — President and CEO. Management Team (W. John DeCooman Jr. biography)

• 2009–2020: SSR Mining — Senior Vice President, Business Development and Strategy. Management Team (W. John DeCooman Jr. biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

BSc and MSc Mineral Economics, Pennsylvania State University and Colorado School of Mines. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

EVP Corporate Development from June 2024; previously Sweetwater Royalties CEO 2020–23 and SSR Mining business development 2009–20.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (W. John DeCooman Jr. officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; DPM Chelopech from 2004, VP and GM from 2011, and senior sustainability leadership from Toronto from 2015; DPM announced departure at the end of April 2026.: DPM Metals Inc. — Senior Vice President, Sustainable Business Development. DPM reports record 2025 results and senior management update (p. 10, Hristov career)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports a mineral processing degree and PhD in ore enrichment from University of Mining and Geology, Sofia. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

2010 Annual Report (p. 33, Hristov qualifications and appointment)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

DPM Chelopech from 2004, VP and GM from 2011, and senior sustainability leadership from Toronto from 2015; DPM announced departure at the end of April 2026.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

DPM reports record 2025 results and senior management update (p. 10, Hristov planned departure and career)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

• DPM announced end-April 2026 departure; independent confirmation of the actual last day was not obtained.

Career chronology

• Issuer-reported role; SVP HR at DPM; previously Barrick VP organizational effectiveness and Deloitte consulting.: DPM Metals Inc. — Senior Vice President, Human Resources. Management Team (Alex Wilson biography)

• Dates not established: Barrick Gold — Vice President, Organizational Effectiveness and other HR positions. Management Team (Alex Wilson biography)

• Dates not established: Deloitte Consulting — Recruitment and HR consulting. Management Team (Alex Wilson biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports BA and B.Ed from York University. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

SVP HR at DPM; previously Barrick VP organizational effectiveness and Deloitte consulting.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Alex Wilson officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; SVP capital projects from 2 March 2026; previously Maaden project director, Ero Copper VP Projects from 2022 to 2024, and Vale projects roles from 2010 to 2022.: DPM Metals Inc. — Senior Vice President, Capital Projects and Evaluations. Management Team (João Zanon biography)

• April 2025–February 2026: Maaden — Director of Project Management. 2025 Annual Information Form (Five-year employment history, Zanon)

• November 2022–December 2024: Ero Copper — Vice President, Projects. 2025 Annual Information Form (Five-year employment history, Zanon)

• August 2010–July 2022: Vale — Senior project roles. 2025 Annual Information Form (Five-year employment history, Zanon)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Mechanical engineer; issuer reports MSc Strategic Planning from Heriot-Watt University. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Industrial safety

Ero Copper fatalities during prior-employer tenure

2023–2024 · issuer reported · medium materiality

Ero reported two fatalities at Caraíba in 2023 and two separate workplace fatalities at Caraíba and Xavantina in 2024. Ero said it investigated, changed practices and began a longer safety improvement initiative. DPM’s AIF places Zanon in a prior Ero project leadership role from late 2022 through December 2024; the site and incident responsibilities of that role were not established.

Attribution: Role overlaps event; causation unproven. Employer-level events during his corporate projects tenure; no personal involvement, site accountability or fault is established.

Relevance: Relevant prior-employer safety context.

2023 Ero Copper Sustainability Report (2023 sustainability report p. 25); 2024 Ero Copper Sustainability Report (2024 sustainability report p. 21 and p. 51); 2025 Annual Information Form (Five-year employment history, Zanon)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

SVP capital projects from 2 March 2026; previously Maaden project director, Ero Copper VP Projects from 2022 to 2024, and Vale projects roles from 2010 to 2022.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (João Zanon officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; Joined DPM in 2011, advancing through controller positions to VP Finance in 2022.: DPM Metals Inc. — Vice President, Finance. Management Team (Sylvia Chen biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports CPA/CA and CFA, MBA accounting at University of Toronto and PhD cognitive psychology at University of Hong Kong. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

Joined DPM in 2011, advancing through controller positions to VP Finance in 2022.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Sylvia Chen officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; VP commercial from November 2016; previously KGHM International SVP commercial and earlier Noranda, Traxys and Louis Dreyfus positions.: DPM Metals Inc. — Vice President, Commercial. Management Team (Mark Crawley biography)

• Dates not established: KGHM International — Senior Vice President Commercial. Management Team (Mark Crawley biography)

• Dates not established: Noranda, Traxys and Louis Dreyfus Commodities — Commercial roles. Management Team (Mark Crawley biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports BBA at University of New Brunswick and MBA at Simon Fraser University. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

VP commercial from November 2016; previously KGHM International SVP commercial and earlier Noranda, Traxys and Louis Dreyfus positions.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Mark Crawley officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; VP supply chain since 2024; earlier Newmont Goldcorp and Barrick roles; founder and CEO of ZERV during 2019–24.: DPM Metals Inc. — Vice President, Supply Chain and Technology. Management Team (Rishi Ghuldu biography)

• Dates not established: Newmont Goldcorp — Vice President, Supply Chain and Asset Management. Management Team (Rishi Ghuldu biography)

• Dates not established: Barrick Gold — Director, Business Improvement. Management Team (Rishi Ghuldu biography)

• 2019–2024: ZERV Inc. — Founder and CEO. Management Team (Rishi Ghuldu biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports engineering degree at McMaster University and Kellogg-Schulich executive MBA. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

VP supply chain since 2024; earlier Newmont Goldcorp and Barrick roles; founder and CEO of ZERV during 2019–24.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Rishi Ghuldu officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; Joined Chelopech in 1995; Ada Tepe operations director 2016, GM in 2022 and VP operational readiness in 2024. Current issuer heading states Chelopech GM.: DPM Metals Inc. — Vice President, Operational Readiness and General Manager, Chelopech. Management Team (Lyubomir Haynov biography)

Education and qualifications

Credential evidence gap

Review through 31 October 2026 · documented · low materiality

Specific degrees and professional registrations were not established from the opened issuer biography.

Attribution: Responsibility not applicable. No degree attributed without an identified source.

Relevance: Limits credential assessment.

Management Team (Lyubomir Haynov biography)

Personal achievements

Ada Tepe operational-readiness work

2019–2022 · issuer reported · medium materiality

DPM’s 2022 leadership announcement says Haynov contributed to Ada Tepe operational readiness as the mine entered production in 2019, and to its integrated mine waste facility.

Attribution: Individual involvement documented. Issuer leadership announcement directly credits his contribution, but does not quantify it separately.

Relevance: Prior start-up execution experience.

Bulgarian operations leadership update (2022 leadership announcement)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

Joined Chelopech in 1995; Ada Tepe operations director 2016, GM in 2022 and VP operational readiness in 2024. Current issuer heading states Chelopech GM.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Lyubomir Haynov officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

• Issuer website contains a Chelopech GM heading but body describes Ada Tepe GM; exact Chelopech appointment date is not established.

Career chronology

• Issuer-reported role; Joined DPM in 2005; appointed VP business optimization in September 2022 and recorded as seconded Bosnia country director in the annual report.: DPM Metals Inc. — Vice President, Business Optimization; Bosnia Country Director secondment. Management Team (Anna Ivanova biography)

• Employer and dates not established: Pharmaceutical sector — Finance positions. Management Team (Anna Ivanova biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports Master of Finance, University of National and World Economy, and executive MBA, American University in Bulgaria. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

Joined DPM in 2005; appointed VP business optimization in September 2022 and recorded as seconded Bosnia country director in the annual report.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Anna Ivanova officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; DPM metallurgist from 2007; later processing and operational-excellence roles and VP projects. Current issuer biography calls the role VP Project Development and Evaluations.: DPM Metals Inc. — Vice President, Projects. Management Team (Mirco Nolte biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports chemical-engineering bachelor and MSc, Stellenbosch University, and MBA, ESADE. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

DPM metallurgist from 2007; later processing and operational-excellence roles and VP projects. Current issuer biography calls the role VP Project Development and Evaluations.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Mirco Nolte officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; Joined Chelopech as intern, geotechnical engineer from 2001; became Chelopech GM in 2022 and VP Technical Services in 2024.: DPM Metals Inc. — Vice President, Technical Services. Management Team (Tsvetomir Velkov biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports study at St. Ivan Rilsky University; degree completion was not independently verified. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Personal achievements

Chelopech Smart Centre transition

By October 2022 · issuer reported · medium materiality

DPM’s 2022 leadership announcement attributes the transition of the Smart Centre from pilot to operation to Velkov.

Attribution: Individual involvement documented. Issuer directly credits leadership; incremental financial contribution is not established.

Relevance: Operational technology delivery.

Bulgarian operations leadership update (2022 leadership announcement); Management Team (Tsvetomir Velkov biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

Joined Chelopech as intern, geotechnical engineer from 2001; became Chelopech GM in 2022 and VP Technical Services in 2024.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Tsvetomir Velkov officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; Joined DPM in 2007, held processing and maintenance leadership roles, and became Vareš General Manager in March 2026.: DPM Metals Inc. — General Manager, Vareš. Management Team (Armenak Grigoryan biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports bachelors and masters in engineering from State Engineering University of Armenia. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Environmental record

Vareš community exposure and response

2025–2026 · disputed · high materiality

Lead was detected in residents near Vareš, prompting community concern and a complaint. DPM funded testing and said it would cooperate. In October 2026 the municipality and health centre said the exposure source and a causal link to any particular industry had not been established; monitoring and analysis continued.

Attribution: Role overlaps event; causation unproven. Grigoryan became Vareš GM in March 2026; evidence does not establish that the mine caused exposure or personal fault.

Relevance: Directly relevant community and environmental oversight.

Blood lead testing and company comments (Reuters report and DPM statement); Vareš health-centre and municipality update (23 October institutional update); Management Team (Grigoryan biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

Joined DPM in 2007, held processing and maintenance leadership roles, and became Vareš General Manager in March 2026.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Armenak Grigoryan officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

• Vareš exposure source, health monitoring and complaint outcomes remain under investigation.

Career chronology

• Issuer-reported role; Joined DPM exploration in 2017; issuer states GM Exploration from February 2026 and currently labels him VP Exploration.: DPM Metals Inc. — General Manager, Exploration. Management Team (Stefan Metodiev biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports PhD in Geochemistry from Bulgarian Academy of Sciences and Geneva University. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Contributions and company outcomes

Chelopech exploration results

June 2026 · issuer reported · medium materiality

DPM reported porphyry drilling results at Chelopech in June 2026 and identified Metodiev as a qualified person who reviewed the technical disclosure; exploration results are not a defined economic reserve or production.

Attribution: Individual involvement documented. The release identifies him as a technical reviewer; it does not establish sole responsibility for the discovery.

Relevance: Technical exploration oversight.

Chelopech porphyry mineralisation release (pp. 1 and 9, results and qualified persons)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

Joined DPM exploration in 2017; issuer states GM Exploration from February 2026 and currently labels him VP Exploration.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Stefan Metodiev officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; Joined Chelopech in 1999; led HSE and permitting, worked on the Krumovgrad project, and became Ada Tepe GM in April 2024.: DPM Metals Inc. — General Manager, Ada Tepe. Management Team (Irena Tsakova biography)

• Dates not established: Kremikovtsi Iron & Steel Complex — Environment Department. Management Team (Irena Tsakova biography)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports masters degrees in chemical engineering and environmental monitoring, control and health. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

Joined Chelopech in 1999; led HSE and permitting, worked on the Krumovgrad project, and became Ada Tepe GM in April 2024.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

2025 Annual Report (Irena Tsakova officer listing on p. 133); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

Career chronology

• Issuer-reported role; EVP General Counsel and Corporate Affairs from 28 September 2026; formerly Lundin Mining general counsel from September 2023 and Vale Base Metals legal leader from 2020.: DPM Metals Inc. — Executive Vice President, General Counsel and Corporate Affairs. Management Team (Peter Brady biography)

• September 2023–2026: Lundin Mining — Executive Vice President and General Counsel. 2024 Lundin Mining AIF (Officer table, Brady)

• November 2020–September 2023: Vale Base Metals — Chief Legal and Governance Officer. 2024 Lundin Mining AIF (Officer table, Brady)

• November 2014–November 2020: McCarthy Tétrault — Partner, environmental and regulatory practice. 2024 Lundin Mining AIF (Officer table, Brady)

Education and qualifications

Reported qualifications

As reported by issuer · issuer reported · low materiality

Issuer reports Queen’s University law degree, University of Windsor MA in environmental law, and Ontario and BC bar admission. Credentials were not independently verified with the institutions or professional registers.

Attribution: Responsibility not applicable. Issuer-reported qualifications, not independently verified.

Relevance: Experience and credentials relevant to the role.

Management Team (Named management biography)

Industrial safety

Lundin Neves-Corvo fatality

2024 · issuer reported · medium materiality

Lundin Mining reported an employee died in a February 2024 underground fall of ground at Neves-Corvo and notified authorities. Lundin’s AIF places Brady as general counsel from September 2023. The investigation’s final outcome was not established.

Attribution: Role overlaps event; causation unproven. Brady was group general counsel; no site or personal responsibility for the accident is established.

Relevance: Prior-employer safety and legal context.

Neves-Corvo fatality (Fatality announcement); 2024 Lundin Mining AIF (Officer table and chronology)

Suitability for the current role

Relevant career and role

Dated and undated issuer biographies through 2026 · analyst inference · medium materiality

EVP General Counsel and Corporate Affairs from 28 September 2026; formerly Lundin Mining general counsel from September 2023 and Vale Base Metals legal leader from 2020.

Attribution: Responsibility not applicable. Issuer biography and dated roster; experience does not by itself prove individual contribution.

Relevance: Context for role fit.

Appointment of Peter Brady (Appointment and stated effective date); Management Team (Named management biography)

Evidence gaps

• Independent verification of reported qualifications and professional memberships was not completed.

• Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.

• Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.

• DPM corporate-secretary succession was not established from the appointment announcement.

• Final Neves-Corvo investigation and regulator disposition were not located.