Lyle Davis to Chair Giga Board

Rhea-AI Summary

Giga Metals Corp. (TSX.V: GIGA, OTCQX: GIGGF) announced that Board member Lyle Davis has agreed to become the non-executive Chairman of the Board, effective immediately. Current Chairman and CEO Mark Jarvis will continue as CEO and director of the company. Jarvis emphasized that separating the roles of Chair and CEO aligns with good governance practices. Davis, a long-standing director, also chairs the Audit and Compensation Committees and has previously served as Giga Chairman.

Positive

• Lyle Davis appointed as non-executive Chairman of the Board.
• Mark Jarvis will continue as CEO and director, ensuring leadership stability.
• Separating the Chair and CEO roles is considered good governance.
• Davis has extensive experience with Giga Metals, enhancing board leadership.
• Davis chairs the Audit and Compensation Committees, indicating his financial oversight and compensation strategy expertise.

Negative

• No new strategic initiatives or financial data were disclosed in the announcement.
• The announcement focuses on governance changes without providing updates on business performance or future plans.

VANCOUVER, British Columbia, May 30, 2024 (GLOBE NEWSWIRE) -- Mark Jarvis, CEO of Giga Metals Corp. (TSX.V: GIGA, OTCQX: GIGGF) announced today that Board member Lyle Davis has consented to become non-executive Chairman of the Board of Directors of Giga Metals, effective immediately. Mark Jarvis will step down as Chairman but will continue as CEO and director of the Company.

“We believe that it is good governance to separate the roles of Chair and CEO,” said Mr. Jarvis. “Mr. Davis is a long-standing director of Giga who currently chairs our Audit and Compensation Committees and has previously acted as Giga Chairman.”

About Giga Metals Corporation

Giga Metals Corporation’s core asset is the Turnagain Project, located in northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned 85% by Giga Metals Corporation and 15% by Mitsubishi Corporation. The Pre-Feasibility Study was released in October 2023.

On behalf of the Board of Directors of Giga Metals Corporation

“Mark Jarvis”

MARK JARVIS,
CEO

Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: info@gigametals.com
Company Website: www.gigametals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Suite 203 – 700 West Pender St., Vancouver, BC, Canada V6C 1G8

FAQ

Who is the new non-executive Chairman of Giga Metals as of May 30, 2024?

Lyle Davis has been appointed as the non-executive Chairman of Giga Metals.

Will Mark Jarvis remain in a leadership role at Giga Metals?

Yes, Mark Jarvis will continue as CEO and director of Giga Metals.

What governance change did Giga Metals announce on May 30, 2024?

Giga Metals announced that Lyle Davis would become the non-executive Chairman, separating the roles of Chair and CEO.

What committees does Lyle Davis chair at Giga Metals?

Lyle Davis chairs the Audit and Compensation Committees at Giga Metals.

Has Lyle Davis previously served as Chairman at Giga Metals?

Yes, Lyle Davis has previously acted as Chairman at Giga Metals.