Intrepid Metals Appoints Mr. Richard Lock to Board of Directors
Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) has appointed Richard Lock to its Board of Directors, effective December 19, 2024. Lock, currently CEO of Oroco Resource Corp, brings over three decades of mining engineering experience, having led major mining projects globally. His experience includes executive roles at Arizona Mining's Hermosa Project and Rio Tinto's Resolution Copper Project. Lock was granted 200,000 stock options at $0.36 per share, vesting quarterly over 12 months with a 5-year term. The appointment occurred during Intrepid's Annual General Meeting, where Ken Brophy and Alex Klenman retired from the Board, with Brophy continuing as President and COO.
Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) ha nominato Richard Lock nel suo Consiglio di Amministrazione, a partire dal 19 dicembre 2024. Lock, attualmente CEO di Oroco Resource Corp, porta con sé oltre tre decenni di esperienza nell'ingegneria mineraria, avendo guidato importanti progetti minerari a livello globale. La sua esperienza include ruoli dirigenziali nel Progetto Hermosa di Arizona Mining e nel Progetto Resolution Copper di Rio Tinto. Lock ha ricevuto 200.000 opzioni su azioni a $0,36 per azione, con maturazione trimestrale su un periodo di 12 mesi e una durata di 5 anni. La nomina è avvenuta durante l'Assemblea Generale Annuale di Intrepid, durante la quale Ken Brophy e Alex Klenman si sono ritirati dal Consiglio, con Brophy che continua come Presidente e COO.
Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) ha nombrado a Richard Lock en su Junta Directiva, con efecto a partir del 19 de diciembre de 2024. Lock, actual CEO de Oroco Resource Corp, aporta más de tres décadas de experiencia en ingeniería minera, habiendo liderado importantes proyectos mineros a nivel mundial. Su experiencia incluye roles ejecutivos en el Proyecto Hermosa de Arizona Mining y en el Proyecto Resolution Copper de Rio Tinto. Lock recibió 200.000 opciones sobre acciones a $0,36 por acción, que se otorgarán trimestralmente durante 12 meses con un plazo de 5 años. El nombramiento se realizó durante la Junta General Anual de Intrepid, donde Ken Brophy y Alex Klenman se retiraron de la Junta, con Brophy continuando como Presidente y COO.
인트레피드 메탈스 (TSXV: INTR) (OTCQB: IMTCF)가 리처드 락을 이사회의 일원으로 임명했습니다. 이 임명은 2024년 12월 19일부터 유효합니다. 락은 현재 오로코 리소스 코프의 CEO로 재직 중이며, 30년 이상의 광업 엔지니어링 경험을 보유하고 있습니다. 그는 아리조나 마이닝의 헤르모사 프로젝트와 리오 틴토의 레졸루션 구리 프로젝트에서 주요 광산 프로젝트를 이끌었습니다. 락은 주당 $0.36에 200,000주 옵션을 부여받았으며, 이는 12개월 동안 분기별로 지급되며 5년의 기간을 갖습니다. 이 임명은 인트레피드의 연례 총회 중에 이루어졌으며, 켄 브로피와 알렉스 클렌먼이 이사회에서 퇴임했으며, 브로피는 사장 겸 COO로 계속 재직합니다.
Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) a nommé Richard Lock au sein de son conseil d'administration, avec effet à partir du 19 décembre 2024. Lock, actuellement PDG d'Oroco Resource Corp, apporte plus de trois décennies d'expérience en ingénierie minière, ayant dirigé d'importants projets miniers à l'échelle mondiale. Son expérience inclut des rôles exécutifs dans le projet Hermosa d'Arizona Mining et le projet Resolution Copper de Rio Tinto. Lock a reçu 200 000 options sur actions au prix de 0,36 $ par action, qui se mâtureront trimestriellement sur 12 mois avec une durée de 5 ans. La nomination a eu lieu lors de l'assemblée générale annuelle d'Intrepid, au cours de laquelle Ken Brophy et Alex Klenman ont quitté le conseil, Brophy continuant en tant que président et COO.
Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) hat Richard Lock in seinen Vorstand berufen, mit Wirkung zum 19. Dezember 2024. Lock, der derzeit CEO von Oroco Resource Corp ist, bringt über drei Jahrzehnte Erfahrung im Bergbauingenieurwesen mit, nachdem er bedeutende Bergbauprojekte weltweit geleitet hat. Zu seinen Erfahrungen gehören führende Positionen im Hermosa-Projekt von Arizona Mining und im Resolution Coppe-Projekt von Rio Tinto. Lock wurden 200.000 Aktienoptionen zu einem Preis von 0,36 $ pro Aktie gewährt, die vierteljährlich über einen Zeitraum von 12 Monaten erworben werden und eine Laufzeit von 5 Jahren haben. Die Ernennung erfolgte während der jährlichen Hauptversammlung von Intrepid, bei der Ken Brophy und Alex Klenman aus dem Vorstand ausschieden, wobei Brophy weiterhin als Präsident und COO fungiert.
- Appointment of experienced mining executive with over 30 years of expertise
- Strategic addition of leader with specific Arizona mining project experience
- Lock's previous leadership roles in major mining projects demonstrates high-caliber recruitment
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that Mr. Richard Lock has been appointed to the Board of Directors of Intrepid, effective today.
"Having Richard, a highly respected mining engineer with a wealth of experience leading some of the largest and most complex mining projects globally, join our team is a testament to the immense potential of our Arizona-based ventures," said Mark Morabito, Chairman of Intrepid. "His technical expertise and proven leadership are invaluable as we advance our efforts to unlock the full value of these projects and drive sustainable growth."
"We are very excited to welcome Richard to our team as we advance our portfolio of Arizona-based projects," said Ken Engquist, CEO of Intrepid. "Richard brings exceptional technical expertise, honed through his leadership as an executive and project director at landmark Arizona projects such as Arizona Mining's Hermosa Project and Rio Tinto's Resolution Copper Project. His deep experience and strategic insights will be invaluable to our continued growth, and I am excited to collaborate with him again on driving these initiatives forward."
"The project portfolio Intrepid has assembled is remarkable and I'm impressed by the team's commitment to advancing their Arizona projects," said Richard Lock, Director of Intrepid, "I am eager to contribute my experience to support their continued success."
Mr. Lock has over three decades of experience as a mining engineer who has led the construction and development of several large mining projects around the world. He is the CEO of Oroco Resource Corp, who are developing a large copper-gold project in Mexico. Prior to joining Oroco, he was senior Vice-President of PolyMet Mining Corp. and Project Director for its NorthMet Project in Minnesota. Amongst his prior project experience, Mr. Lock has held executive and project director roles at Arizona Mining Inc.'s Hermosa project, a lead-zinc-silver mine in southern Arizona; Yara International's Dallol project, a Sulphate of Potash mining project in Ethiopia; Western Potash Corporation's Milestone project, a potash solution mining project in Canada; and, more significantly, Rio Tinto's Resolution and Keystone copper projects in Arizona and Utah, respectively.
Mr. Lock was granted incentive stock options to purchase 200,000 common shares of Intrepid at an exercise price equal to
Mr. Lock was elected to the Board of Directors of Intrepid at the Company's Annual General Meeting ("AGM"), which was held on December 19, 2024. Intrepid also announces that Mr. Ken Brophy and Mr. Alex Klenman retired from the Board during the AGM as part of our ongoing commitment to enhance our leadership. We are grateful for their invaluable contributions and leadership during their tenure. Mr. Brophy remains the President and COO of Intrepid.
About Intrepid Metals Corp.
Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for
INTREPID METALS CORP.
On behalf of the Company
"Mark J. Morabito"
Chairman of the Board
For further information regarding this news release, please contact:
Mark Morabito, Chairman
604-681-8030
mmorabito@kingandbay.com
Notes
1 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32 completes acquisition of Arizona Mining).
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the advancement of the Company's projects in Arizona; continued growth, ongoing success; that it has several drill ready projects; the exploration potential of the Corral Copper Property including that it is a district scale advanced exploration and development opportunity with significant shallow historical drill results; the exploration potential of the Company's other mineral projects; the expected contributions of Mr. Lock; and efforts to unlock the full value of the Company's projects and drive sustainable growth.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any resurgence of COVID-19 on the Company's business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234560
FAQ
What position did Richard Lock receive at Intrepid Metals (IMTCF) in December 2024?
What stock options were granted to Richard Lock by Intrepid Metals (IMTCF)?
What is Richard Lock's current role outside of Intrepid Metals (IMTCF)?
Which board members retired from Intrepid Metals (IMTCF) during the December 2024 AGM?
What notable Arizona mining projects has Richard Lock previously worked on?
