Carbonxt Group Ltd. announced it has further strengthened its Board with the appointment of Mr. Nicholas Andrews as an Independent Director. Mr. Andrews brings a depth of strategic and operational experience to the Carbonxt Board at an important juncture in the Company's growth trajectory, with construction activity ramping up at its activated carbon production facility in Kentucky, USA. Since 2009, Mr. Andrews has held the role of Executive Chairman & CEO at Magontec Limited.

From 2007 to 2009, Mr. Andrews served as a Non-Executive Director of Advanced Magnesium Limited, prior to the acquisition of Magontec GmbH and the company name change to Magontec Limited. With more than a decade of experience as an ASX executive in the global industrials sector, Mr. Andrews is uniquely positioned to provide strategic governance advice to Carbonxt as the Company executes on its near-term growth strategy. Prior to his executive career, Mr. Andrews held a number of senior roles in the financial services sector across both investment management and investment banking.

From 1996 to 2005 he was a Managing Director at UBS Investment Bank and responsible for global distribution of Australian and New Zealand Equity products. From 1989 to 1996 Mr. Andrews was the Chief Investment Officer at LGT Investment Management in charge of the group's investment portfolios for the Australasian region. Mr. Andrews is a Member of the Executive Committee and serves on the Board of the International Magnesium Association (IMA).

Since 2017 he has also served as Honorary Treasurer of the IMA.