Atlas Metals (LSE:AMG) Group, the LSE-listed natural resources and energy company, is moving closer to completing its proposed acquisition of Universal Pozzolanic Silica Alumina, announcing on Monday that it intends to appoint Robert Ober as a strategic adviser to the board on completion.
Ober currently chairs the UPSA Advisory Board and brings decades of experience founding and scaling high-performance concrete and construction materials businesses in the United States, with expertise spanning concrete production, aggregates supply chains, batching technologies and large-scale infrastructure supply.
The company said his US industry relationships and knowledge of high-performance concrete markets are central to the rationale for the appointment, as Atlas and UPSA continue to engage potential customers and offtakers for the UPSA resource.
On the technical side, SLR Consulting Australia is working on an updated Competent Person's Report drawing on data from a drilling campaign completed earlier this year, with the aim of upgrading the resource classification from inferred to measured and indicated; Atlas expects to publish the updated report in the coming weeks, ahead of acquisition completion.
Regulatory approvals in Australia are also continuing to advance.
