GR Silver Mining Ltd (TSX-V:GRSL) has announced the appointment of mining industry veteran Larry Taddei to the company's board of directors and its audit committee.
The Mexico-focused junior mineral exploration company said Taddei brings 16 years of experience as a senior executive in the mineral resource industry, culminating in 12 years as the chief financial officer of MAG Silver Corp where he was instrumental in the company’s growth and in forming good working relationships with Mexican senior silver producer Fresnillo PLC at the world-class Juanicipio silver project.
Taddei’s relationships extend to the investment community, playing a lead role in defining capital structure and balance sheet management, GR Silver said. He was responsible for all aspects of MAG's financial operations, including treasury, taxation, IT systems, insurance, and risk management. He also played a key role in the company's governance guidelines, policies, and procedures, as well as expanding ESG disclosures and policies.
"We are delighted that Larry has agreed to join GR Silver as an independent director," GR Silver CEO and chair Eric Zaunscherb said in a statement.
READ: GR Silver Mining hits high-grade silver in San Marcial Southeast Area at its Plomosas Project in Mexico
"Larry's extensive experience as CFO of MAG Silver is directly applicable as GR Silver advances and de-risks the Plomosas Silver Project in Sinaloa, Mexico,” Zaunscherb noted. “He adds significant depth in business leadership and financial acumen that wonderfully complements the legal and capital markets backgrounds of our existing board members."
GR Silver noted that Taddei is a chartered professional accountant with the Chartered Professional Accountants of British Columbia and an accredited director with the Chartered Governance Institute of Canada. He holds a Bachelor of Commerce Degree from the University of British Columbia.
"I'm excited to join GR Silver Mining and look forward to working with the team to productively advance the Plomosas Silver Project and increase shareholder value as we move forward,” Taddei commented.
The company also announced that it has granted Taddei 300,000 incentive stock options in accordance with its Omnibus Equity Incentive Plan. The options are exercisable at $0.12 per share for a period of five years from the date of grant and are subject to the policies of the TSX Venture Exchange.
GR Silver Mining is a Canada-based, Mexico-focused junior mineral exploration company engaged in cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico.
The company controls 100% of two past-producer precious metal underground and open pit mines, within the expanded Plomosas Project, which includes the integrated San Marcial Area and La Trinidad acquisition. In conjunction with a portfolio of early to advanced-stage exploration targets, the company holds 734 square kilometres (km) of concessions containing several structural corridors totaling over 75 km in strike length.
Contact the author at stephen.gunnion@proactiveinvestors.com