Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) has announced the appointment of Pierre Gauthier, Auxico’s current chairman emeritus, as the company’s new president and CEO.
The company said the move comes following the resignation of Frederick Kozak as Auxico’s president and CEO effective May 31, 2023.
Auxico noted that Gauthier was chosen due to his extensive knowledge and understanding of the company’s business and assets.
“The Terbium and Dysprosium content within Auxico’s Colombia and Brazil properties combined with the patent-pending process for the separation of rare earths puts Auxico in a unique position to provide refined light and heavy rare earths for the EV magnet industry,” Gauthier said in a statement.
Auxico Resources Canada was founded in 2014 and is engaged in the acquisition, exploration and development of mineral properties in Colombia, Brazil, Mexico and the Democratic Republic of the Congo.
Contact Sean at sean@proactiveinvestors.com