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2026-11-06
◂ Monitor ETM Australian Securities Exchange

Energy Transition Minerals Ltd

Care And Maintenance · Tin · Others · Rare Earths · Spain · Greenland · Canada Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.042
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3 newer ASX announcements not yet reflected in this valuation

People, delivery and responsibility

Management background checks

Evidence through 2026-10-09

Research assessment

Executive team

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Limited-scope management background review of Energy Transition Minerals Ltd. Issuer disclosures support the rostered offices; person-level chronology, attributed outcomes and targeted adverse-record research remain incomplete.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Daniel Mamadou Blanco

Managing Director

Current
Full background report for Daniel Mamadou Blanco
LegalIssuer Reported · High materiality

Kvanefjeld litigation remains pending; reported costs paid

ETM’s 7 September 2026 interim report says Kvanefjeld proceedings remain at an early stage. A Greenlandic High Court procedural ruling of 1 September 2026 set which defendants remain and ordered DKK150,000 costs to excluded respondents; the company reports these costs were paid. A March 2026 award of €3,146,351 for respondent costs was also paid. The DKK25 million guarantee was conservatively still considered on foot at 30 June. These are company/subsidiary proceedings and costs, not findings of personal misconduct.

Role overlaps event; causation unproven · Senior role overlap only; no source reviewed attributes legal fault to this individual. Procedural rulings are not merits findings.

Half Yearly Report and Accounts · Interim Financial Report, Notes 6 and 9: provisions, legal proceedings and contingent liabilities
EnvironmentDocumented · High materiality

Penouta inherited a suspended/annulled permit; criminal environmental case later provisionally dismissed

The Penouta Section C permit held by prior operator Strategic Minerals was provisionally suspended in October 2023 and annulled by the Galician High Court on 7 June 2024 for inadequate environmental impact assessment. The criminal complaint concerning alleged contamination at the prior operator’s site was provisionally dismissed by the Provincial Court on 11 February 2026; the court found insufficient indications of a crime, while allowing reopening if new evidence emerges. ETM completed purchase only in July 2026 and its September half-year report says it was assessing restart, rehabilitation and regulatory pathways. These historic allegations/outcomes concern prior ownership; they are an inherited permitting and remediation risk, not a finding against ETM or Daniel Mamadou.

Role overlaps event; causation unproven · The environmental complaint and permit ruling concern the prior operator; ETM acquired the mine after these events. No personal responsibility is attributed to current ETM leadership.

Galician court annuls Penouta permit over environmental impact · Court ruling and stated environmental-assessment basis
Penouta environmental criminal case provisionally dismissed · 11 February 2026 order and case status
Half Yearly Report and Accounts · Interim report: acquisition completion, planned environmental/rehabilitation work and permitting status
Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

Daniel Mamadou Blanco

Managing Director

Career chronology

  • since 2021: Energy Transition Minerals Ltd — Managing Director. Annual Report to shareholders (Corporate directory or key management personnel disclosure)

  • FY2023–FY2024: Welsbach Holdings Pte Ltd / TME SL — Controlling interest / project counterparty involvement. 2024 Annual Report (2024 annual report related-party note: Daniel Mamadou has controlling interest in Welsbach; its subsidiary TME SL was involved in a project earn-in. Company advances for approved exploration were disclosed; this is a conflict/related-party issue, not a misconduct finding.)

Environmental record

Penouta inherited a suspended/annulled permit; criminal environmental case later provisionally dismissed

2023–2026, status at 2026-10-09 · documented · high materiality

The Penouta Section C permit held by prior operator Strategic Minerals was provisionally suspended in October 2023 and annulled by the Galician High Court on 7 June 2024 for inadequate environmental impact assessment. The criminal complaint concerning alleged contamination at the prior operator’s site was provisionally dismissed by the Provincial Court on 11 February 2026; the court found insufficient indications of a crime, while allowing reopening if new evidence emerges. ETM completed purchase only in July 2026 and its September half-year report says it was assessing restart, rehabilitation and regulatory pathways. These historic allegations/outcomes concern prior ownership; they are an inherited permitting and remediation risk, not a finding against ETM or Daniel Mamadou.

Attribution: Role overlaps event; causation unproven. The environmental complaint and permit ruling concern the prior operator; ETM acquired the mine after these events. No personal responsibility is attributed to current ETM leadership.

Relevance: High relevance to MD oversight of newly acquired mine: permit status and future environmental studies remain important, while the criminal complaint did not establish criminal environmental harm.

Galician court annuls Penouta permit over environmental impact (Court ruling and stated environmental-assessment basis); Penouta environmental criminal case provisionally dismissed (11 February 2026 order and case status); Half Yearly Report and Accounts (Interim report: acquisition completion, planned environmental/rehabilitation work and permitting status)

Litigation and enforcement

Kvanefjeld litigation remains pending; reported costs paid

2025–2026; status at 2026-10-09 · issuer reported · high materiality

ETM’s 7 September 2026 interim report says Kvanefjeld proceedings remain at an early stage. A Greenlandic High Court procedural ruling of 1 September 2026 set which defendants remain and ordered DKK150,000 costs to excluded respondents; the company reports these costs were paid. A March 2026 award of €3,146,351 for respondent costs was also paid. The DKK25 million guarantee was conservatively still considered on foot at 30 June. These are company/subsidiary proceedings and costs, not findings of personal misconduct.

Attribution: Role overlaps event; causation unproven. Senior role overlap only; no source reviewed attributes legal fault to this individual. Procedural rulings are not merits findings.

Relevance: Material legal oversight context for a central project; the merits remain unresolved at cutoff.

Half Yearly Report and Accounts (Interim Financial Report, Notes 6 and 9: provisions, legal proceedings and contingent liabilities)

Governance and interests

Related-party project exposure disclosed in 2024 annual report

FY2023–FY2024 · issuer reported · medium materiality

Related-party note: company advances to TME SL (a subsidiary of Welsbach, in which Daniel Mamadou held a controlling interest) were for approved exploration under the project earn-in. Role overlap creates governance oversight relevance; no finding of wrongdoing.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

2024 Annual Report (Related-party note)

Suitability for the current role

Limited public evidence for role fit

since 2021 · analyst inference · low materiality

The issuer identifies Daniel Mamadou Blanco as Managing Director. The cited source establishes the disclosed role and any stated appointment date. This source alone does not establish attributable prior-employer outcomes, verified credentials or independently benchmarked delivery. This is an evidence limitation, not an adverse personal finding.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

Annual Report to shareholders (Corporate directory, key management personnel or appointment disclosure; role and date)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Sara Kelly

Executive Director

Current
Full background report for Sara Kelly

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

Sara Kelly

Executive Director

Career chronology

  • current at cutoff; start date undisclosed: Energy Transition Minerals Ltd — Executive Director. Annual Report to shareholders (Corporate directory or key management personnel disclosure)

  • current: Edwards Mac Scovell — Partner, lawyer. Board and management (Issuer management bio: partner of litigation, insolvency and corporate firm; 17+ years governance, compliance and risk; relevant mining transactions.)

  • 2023-08-14: Energy Transition Minerals Ltd — Non-executive Chair / Executive Director. Annual Report to shareholders (2026 Annual Report Directors’ Report and KMP note: board office and appointment; 2024 annual report later identifies legal-service related-party overlap.)

  • current: Midas Minerals Ltd — Non-executive Chair. Board and management (Issuer bio: concurrent board role.)

Governance and interests

Related firm received legal fees from ETM during Kelly’s chair tenure

2023–2024 · issuer reported · medium materiality

2024 annual report related-party note: Edwards Mac Scovell, where Kelly was partner, provided legal services; A$61,055 for period after appointment through 2023 and A$70,960 in 2024, with no amount owing at year end. Disclose as conflict management context, not misconduct.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

2024 Annual Report (2024 annual report related-party note)

Suitability for the current role

Limited public evidence for role fit

current at cutoff; start date undisclosed · analyst inference · low materiality

The issuer identifies Sara Kelly as Executive Director. The cited source establishes the disclosed role and any stated appointment date. This source alone does not establish attributable prior-employer outcomes, verified credentials or independently benchmarked delivery. This is an evidence limitation, not an adverse personal finding.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

Annual Report to shareholders (Corporate directory, key management personnel or appointment disclosure; role and date)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Ryan Sebbes

Company Secretary

Current
Full background report for Ryan Sebbes

No supported material findings selected. See this executive’s report and evidence gaps.

Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

Ryan Sebbes

Company Secretary

Career chronology

  • since 2024: Energy Transition Minerals Ltd — Company Secretary. Annual Report to shareholders (Corporate directory or key management personnel disclosure)

  • 2023–current: Belltree Corporate — Corporate advisor. Board and management (Issuer bio: chartered accountant with 15+ years across practice, family office, property and mining; Belltree advisory to ASX junior explorers.)

  • current: Energy Transition Minerals Ltd — Financial Controller and Joint Company Secretary. Board and management (Issuer page current role.)

Litigation and enforcement

Kvanefjeld proceedings remained pending at 30 June 2026

2025–2026 · issuer reported · medium materiality

Interim report Notes 6 and 9: Greenland subsidiary litigation remains unresolved; paid reported court costs, DKK25m guarantee still treated conservatively as on foot. Ryan’s secretarial/financial role overlaps only; no personal legal fault alleged.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

Half Yearly Report and Accounts (Interim report Notes 6 and 9)

Suitability for the current role

Limited public evidence for role fit

since 2024 · analyst inference · low materiality

The issuer identifies Ryan Sebbes as Company Secretary. The cited source establishes the disclosed role and any stated appointment date. This source alone does not establish attributable prior-employer outcomes, verified credentials or independently benchmarked delivery. This is an evidence limitation, not an adverse personal finding.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

Annual Report to shareholders (Corporate directory, key management personnel or appointment disclosure; role and date)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.