Auxico Resources Canada Inc (CSE:AUAG, OTC:AUXIF) announced it has appointed Frederick Kozak as the company's new president, CEO and board member.
Kozak, a rare earths specialist, previously served as president at Appia Rare Earths & Uranium Corp and has extensive experience in the financial world as a top-ranked equity analyst, Auxico noted in a statement.
Outgoing CEO Pierre Gauthier will remain a director of Auxico.
READ: Auxico inks major offtake agreement for tin concentrate from its Massangana Tin Tailings project in Brazil
“Auxico would like to thank Pierre Gauthier for his previous contributions as chairman and CEO, which have been crucial to the company's development over the years,” the company noted in a statement.
“Mr Gauthier will continue to support the strategic joint initiatives of the company as he maintains his position as Chief Executive Officer and Chairman of joint venture and technology partner Central America Nickel to establish a strong sustainability direction and support Auxico in its competitive mineral processing abilities using CAN's Ultrasound Assisted Extraction technology.”
New board member
Auxico also revealed the appointment of Melissa Sanderson, a seasoned executive in the mining sector with a particular focus on ethically sustainable growth and government relations, to the board.
Chairman Mark Billings told shareholders he is confident in the management team's ability to deliver on the company’s strategy for all of Auxico's assets, which include the Massangana tin tailings project in Brazil, along with the further development of its Minastyc project in Colombia and rare earth trading business in the DRC.
“Frederick Kozak will provide Auxico with additional expertise on capital markets and insight in the rare earth industry…He is an experienced executive-level mining professional with proven industry accomplishments and the ability to execute on operational plans, an ideal candidate to advance the company's growth and strategic objectives,” Billings said in a statement.
Billings added that Sanderson’s appointment to the board is a “momentous achievement” for Auxico.
“With her stellar reputation and experience, Mrs Sanderson's negotiation, political and economic skills will greatly increase the company's collective caliber of operation. We look forward to benefiting from her strategic insight and guidance as Auxico continues to pursue its ambitious growth objectives."
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