Welsbach Tech Metals Files 8-K: Leadership Changes & Agreements

TL;DR

Welsbach Tech Metals 8-K: New deals, board shake-up filed 7/19.

AI Summary

Welsbach Technology Metals Acquisition Corp. filed an 8-K on July 19, 2024, reporting on a material definitive agreement, the departure and election of directors/officers, and financial statements/exhibits. The filing details changes in the company's leadership and significant contractual events.

Why It Matters

This filing indicates significant corporate actions, including potential new agreements and shifts in management, which could impact the company's strategic direction and operational focus.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and changes in directors/officers, which can introduce uncertainty and potential strategic shifts.

Key Players & Entities

• Welsbach Technology Metals Acquisition Corp. (company) — Filer of the 8-K
• July 19, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.0001 — onsisting of one share of Common Stock, $0.0001 par value, and one Right to receive one
• $4 b — listed on the ASX with a market cap of A$4 billion, located in the Morowali Regency,
• $97 million — donesian billionaire Anthony Salim for A$97 million. Mr. Werner also served as the Managing

Filing Documents

• ea0209701-8k_welsbach.htm (8-K) — 44KB
• ea020970101ex10-2_welsbach.htm (EX-10.2) — 72KB
• 0001213900-24-062731.txt ( ) — 357KB
• wtma-20240719.xsd (EX-101.SCH) — 4KB
• wtma-20240719_def.xml (EX-101.DEF) — 27KB
• wtma-20240719_lab.xml (EX-101.LAB) — 37KB
• wtma-20240719_pre.xml (EX-101.PRE) — 25KB
• ea0209701-8k_welsbach_htm.xml (XML) — 7KB

01 Entry into Material Definitive Agreements

Item 1.01 Entry into Material Definitive Agreements. On July 19, 2024, the board of directors (the "Board") of Welsbach Technology Metals Acquisition Corp. (the "Company" or "WTMA") appointed Mr. Justin Werner ("New Director") as a director of the Company (the "Appointment"), effectively immediately. For more information on the Appointment, refer to Item 5.02 of this Current Report on Form 8-K. In connection with the Appointment, the Board authorized the Company to enter into indemnity agreement with the New Director (the "Indemnity Agreement"). The Company and New Director consented to and executed the Indemnity Agreement on July 19, 2024. A copy of the form of Indemnity Agreement is incorporated by reference as Exhibit 10.1 to this Current Report on Form 8-K. In exchange for New Director's service on the Board, the Board further authorized the Company to enter into certain agreements with the New Director (the "Share Compensation Agreement"). The Company and New Director consented to and executed the Share Compensation Agreement on July 19, 2024. For more information on the Share Compensation Agreement, refer to Item 5.02 of this Current Report on Form 8-K.

02 Departure

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers. On March 18, 2024, Ms. Emily King resigned from her position as director, and a member of the Audit Committee, member of the Compensation Committee, and member of the Special Committee of the Board of Directors of the Company, effective immediately on March 18, 2024, and Mr. Andrew Switaj resigned from his position as director, and chair of the Compensation Committee, member of the Audit Committee, and member of the Special Committee of the of Board of Directors of the Company, effectively immediately on March 18, 2024. Neither Ms. King's nor Mr. Switaj's resignation is a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. On July 19, 2024, the Board appointed the New Director to serve as an independent director of the Company, and member of the Company's Audit Committee and Compensation Committee. Mr. Justin Werner – Director Justin Werner has over 20 years of mining experience and has founded several successful Indonesian mining and exploration companies. He is currently the Managing Director of Nickel Mines Limited (ASX:NIC), a Nickel Laterite miner and Nickel Pig Iron producer listed on the ASX with a market cap of A$4 billion, located in the Morowali Regency, Sulawesi. Additionally, Mr. Werner serves as a Non-Executive Director of Alpha HPA (ASX:A4N), which is completing a bankable feasibility study for constructing a high-purity alumina plant to supply the Electric Vehicle market. Previously, Mr. Werner was the founding partner of PT Gemala Borneo Utama, an Indonesian mining and exploration company that successfully developed and brought into production the Buduk' heap leach gold project in Kalimantan. This project was sold in 2008 to PT Renaissance Capital, one of Indonesia's largest private equity groups. PT Gemala Borneo Utama al

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. EXHIBIT INDEX Exhibit No. Description 10.1 Form of Indemnity Agreement (incorporated by reference to Exhibit 10.5 to the Company's Form S-1, filed with the Securities and Exchange Commission on December 2, 2021) 10.2 Share Compensation Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: July 19, 2024 Welsbach Technology Metals Acquisition Corp. By: /s/ Christopher Clower Name: Christopher Clower Title: Chief Operating Officer and Director 3

View Full Filing

View this 8-K filing on SEC EDGAR