Standard Uranium (TSX-V:STND) Ltd. said it strengthened its board with the appointment of industry veterans Mike Young and Zoya Shashkova, who will be joining the board as independent directors immediately.
Young is an experienced mining executive and resource development geologist with strong leadership in team building, feasibility studies, managing joint ventures, execution of mine development and management of mining operations. He was the CEO of uranium development company Vimy Resources. He was instrumental in recapitalizing and rebranding Vimy Resources and grew the resource base of the Mulga Rock Project, where a definitive feasibility study was delivered on time and on budget. He holds a Bachelor of Science in Geology from Queen’s University in Kingston, Ontario.
In a statement, Standard Uranium CEO Jon Bey said: “Mike is known across the uranium industry for his work building Vimy Resources and for his strong industry connections. Not only does he bring his experience in the capital markets, but he also adds his in-depth knowledge as a uranium resource geologist. Mike is going to make a great addition to our team and we look forward to getting him back to Uranium City, Saskatchewan, where he started his career as a geologist.”
Meanwhile, Shashkova has over two decades of consulting and finance experience, spanning audit and consulting, tax structuring, risk management, reporting, disclosure and mining finance. She is currently the CFO of EnviroGold Global, a clean technology company engaged in selective reprocessing of mining tailings. She has also been the treasurer for Torex Gold Resources, a mid-tier Canadian gold producer, where she raised over $1 billion in debt capital, and CFO for UraniumOne’s operations in Central Asia.
Shashkova holds an MSc in Biology and Chemistry and an MBA in Banking and Finance. She is a certified public accountant and an ICD.D certified director by the Institute of Corporate Directors.
“As we look to the future of Standard Uranium, we are building our board and executive team for where this company is headed. Zoya has a remarkable background and unique set of skills. The combination of her financial acumen and her depth of understanding of the uranium market, gives me great confidence she will add considerable strength to our team,” said Bey.
The Vancouver, British Columbia-based mineral resource exploration company also announced the resignation of Garrett Ainsworth and thanked him for his contributions.
Standard Uranium (TSX-V:STND) is focused on prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada. The firm’s flagship Davidson River Project, in the southwest part of the Athabasca Basin, consists of 21 mineral claims over 25,886 hectares.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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