- Foran Mining’s (FOM) President, CEO and Director Patrick Soares is retiring from his roles in the company, effective immediately
- During his ten years at the helm of the zinc-copper explorer, Patrick advanced the company’s McIlvenna Bay project in Manitoba, which houses the largest undeveloped VMS deposit in the region
- Despite exiting, Patrick will stay on as a contributor to the company’s technical committee, allowing his expertise to continue guiding Foran’s future
- As Patrick leaves, Darren Morcombe, current Executive Chairman of Foran, will assume the role of interim CEO, while a replacement is sought
- Foran Mining (FOM) remains unchanged and is trading at C$0.19 per share
Foran Mining’s (FOM) President, CEO and Director Patrick Soares is retiring from his roles in the company, effective immediately.
During his ten years at the helm of the zinc-copper explorer, Patrick advanced the company’s McIlvenna Bay project in Manitoba, which houses the largest undeveloped VMS deposit in the region.
Despite exiting, Patrick will stay on as a contributor to the company’s technical committee, allowing his expertise to continue guiding Foran’s future.
As Patrick leaves, Darren Morcombe, current Executive Chairman of Foran, will assume the role of interim CEO, while a replacement is sought.
Darren Morcombe, Executive Chairman, thanked Patrick on behalf of the board for his considerable contributions to the growth of Foran.
“He has been tireless in his efforts over the last 10 years, during some of the most challenging times we have seen in the industry. Foran has benefited greatly from his involvement and we wish him much success in the future,” he said.
Speaking on his departure from the company, Patrick Soares, said the base metals, and resource projects in general, have been largely ignored by investors during the past decade, will be essential as we continue to advance towards green energy.
“More electric vehicles are going to require the revamping of electrical grids and the world is going to need more copper and zinc to make this happen.
“A local Canadian supply of these key critical metals is going be ever more important to Saskatchewan and Canada. It is time for me to step aside but I know that I leave the Company in good hands,” he added.
Foran Mining (FOM) remains unchanged and is trading at C$0.19 per share at 1:27pm EDT.