Nevada Silver Corporation (TSX-V:NSC), the Toronto-based resource company soon to be known as Electric Metals USA (NYSE:MUSA), has a new chairman.
The firm announced it had appointed Oliver Lennox-King in a non-executive capacity, with immediate effect.
Lennox-King is a well-known figure in the junior resource sector, having held the chair roles with Roxgold until its acquisition by Fortuna Silver Mines in 2021 and Fronteer Gold up until its acquisition by Newmont Mining Corp.
READ: Nevada Silver announces closing of C$3.5M private placement
The new chair replaces John Kutkevicius, who has held the position in an interim capacity since the summer of 2022.
"We are delighted to welcome Oliver to the board and will benefit greatly from his board experience and deep knowledge of the mineral resources industry,” Nevada Silver CEO Gary Lewis said in a statement.
Other moves include the appointment of communications veteran Megan McElwain as non-executive director. McElwain also previously held the role of president and COO of KWG Resources (CSE:KWG) in January 2022.
"Megan will bring a new level of perspective and experience to the Board of Directors, and we look forward to working with her,” outgoing chair Kutkevicius said.
Pringle to take on NASC chair
Meanwhile, the firm said that Ian Pringle will step down from the board to take up the role of chairman of the NSC Technical Committee and president and director of the company's wholly-owned subsidiary North American Silver Corporation. Pringle will also be retained as a key technical consultant to the NSC Board.
"Having recently announced plans for a corporate name change to Electric Metals USA Limited, to reflect the entirety of our value proposition as a developer of battery and technology-related minerals, the board changes announced today will provide for a diversity of ideas and experience as we take the company forward into an exciting new period of growth and development,” Nevada Silver CEO Lewis added. “And with the recently closed $3.5 million financing, NSC is well funded to advance its exploration and development plans at its Emily Manganese project in Minnesota."
The company also said it has granted an aggregate of 3,650,000 stock options to certain directors, officers and consultants. Each stock option entitles the holder to purchase one share of the company at an exercise price of $0.25 per share for a five-year period.
Contact Angela at angela@proactiveinvestors.com
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