Fredonia Mining Inc. (TSXV: FRED) appointed Constantine Karayannopoulos as a director, expanding its board to six members, according to a company statement.

Karayannopoulos brings over 30 years of experience in mining, minerals processing and advanced materials. He co-founded Neo Performance Materials Inc. and served as Chief Executive Officer from 2005 to 2012 and again from 2020 until his retirement in July 2023. During his tenure, Neo Material Technologies was acquired by Molycorp Inc. in a transaction valued at approximately $1.3 billion in 2012.

The executive also co-founded Neo Lithium Corp. in 2016 and served as non-executive Chairman until the company's acquisition in 2022 for approximately $960 million. He currently serves as President of Kloni Inc., an advisory firm focused on the critical materials sector.

"His extensive experience building and leading public resource companies, combined with his background in project development, operations, capital markets and strategic M&A, will provide tremendous value as we advance the El Dorado Monserrat gold project," said Ali Mahdavi, Chairman of Fredonia Mining.

Fredonia operates gold and silver license areas totaling approximately 64,000 hectares in the Deseado Massif region in Santa Cruz Province, Argentina. The company's flagship El Dorado Monserrat project covers approximately 33,500 hectares and is located near AngloGold Ashanti's Cerro Vanguardia mine, which produces approximately 200,000 ounces of gold and silver annually.