Emerita Resources Corp. (TSXV: EMO) (OTCQX: EMOTF) (FSE: LLJA) announced on September 16, 2026 that Oscar Cabrera and Peter McRae have been appointed to its Board of Directors, effective the same date. Simultaneously, the Board accepted the resignations of Catherine Stretch and Marilia Bento, also effective September 16, 2026. The departures follow the company's annual general and special meeting held on August 25, 2026 and an internal governance review, making the board refresh a notable development for investors tracking the Spain-focused mineral explorer.

Key Points

  • Emerita Resources Corp. (TSXV: EMO) (OTCQX: EMOTF) (FSE: LLJA) announced board changes effective September 16, 2026.
  • Oscar Cabrera and Peter McRae appointed as directors; Catherine Stretch and Marilia Bento resigned under the company's Majority Voting Policy.
  • Cabrera brings over 25 years of metals and mining equity analysis experience; McRae brings more than 15 years of corporate and legal expertise in the mining sector.
  • Investors may watch how the reconstituted board shapes Emerita's strategic priorities for its European mineral exploration portfolio.

Board Resignations Triggered by Majority Voting Policy and Governance Review

The resignations of Catherine Stretch and Marilia Bento were tendered in accordance with Emerita's Majority Voting Policy, following the results of the annual general and special meeting held on August 25, 2026, and a subsequent internal organisational and governance review. Executive Chairman Joseph Belan acknowledged both departing directors, stating in the release that they navigated the company through a difficult period over the last six months with dedication and professionalism, and that their commitment helped ensure new directors and management were recruited to take over leadership.

Oscar Cabrera's Capital Markets and Mining Analyst Background

Oscar Cabrera brings more than 25 years of equity analysis experience covering the metals and mining sector at global institutions including Goldman Sachs, Merrill Lynch Canada, and CIBC World Markets. His background spans fundamental commodity analysis, capital markets advisory work, and experience with primary and secondary offerings across Canada, the United States, and Europe. He currently serves as an independent director and Chair of DynaResource Inc. and recently held the same role at Sierra Metals Inc. Cabrera holds an MBA from York University, an M.Eng. in Structural Engineering from the University of Toronto, and a B.Sc. in Civil Engineering from Instituto Tecnológico y de Estudios Superiores de Monterrey.

Peter McRae Adds Legal and Transactional Mining Expertise to the Board

Peter McRae contributes more than 15 years of corporate, commercial, and legal experience. He previously served as Vice President, General Counsel, and Corporate Secretary of U.S. Silver and Gold, and earlier practised in the transactions group at Weil, Gotshal & Manges LLP in New York, representing major corporations and private equity firms. McRae holds membership in both the New York and Ontario Bars and holds a certificate in Mining Law, credentials the release describes as directly relevant to supporting Emerita's strategic priorities in European mineral exploration.