REalloys CFO resigns; Craig Cunningham appointed as replacement

REalloys Inc. (NASDAQ: ALOY) announced that Robert Winspear resigned as Chief Financial Officer on June 24, 2026, with the company stating his departure did not stem from any disagreement over operations, policies, or practices.

Under a separation agreement approved by the board, Winspear will receive a $200,000 lump-sum severance payment, 20,000 fully vested restricted shares of common stock under the company's 2025 Long-Term Incentive Plan, and an additional cash payment covering estimated personal income and employment taxes related to the share grant. Winspear also agreed to remain available in a consulting capacity for up to 12 months to assist with the transition.

The board appointed Craig Cunningham, 43, as the new CFO on the same date. Cunningham has served as Executive Director of Provenance Advisors, a Toronto-based financial advisory firm, since August 2023, and previously advised the company as a consultant through that firm beginning in March 2021. He previously served as CFO of Li-Cycle Holdings Corp. from March 2024 to April 2025, and as CFO of Electra Battery Materials Corporation from June 2022 to July 2023. Before that, he held various roles at Kinross Gold Corporation from September 2010 to March 2022.

Cunningham will serve on an independent contractor basis through Provenance Advisors under a consulting agreement with an initial 24-month term. His base consulting fee is $55,000 per month, or $660,000 annually. He is eligible for an annual performance bonus of up to 150% of the annualized base fee and an initial long-term incentive award valued at $990,000, with half vesting on the grant date and the remainder vesting on the first anniversary.

Separately, director Joseph Sawyer notified the company of his resignation from the board on June 26, 2026, effective June 29, 2026. His resignation also was not attributed to any disagreement with the company. The board said it does not currently plan to fill the vacancy.

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