Mining
Thursday, November 9th, 2023 4:11 pm EDT
Key Points
- Appointment of Ken Engquist to Intrepid’s Board of Directors: Intrepid Metals Corp. has announced the appointment of Mr. Ken Engquist to its Board of Directors, effective November 8, 2023. The company welcomes Ken Engquist, recognizing his extensive experience and unique expertise as a valuable addition to the board.
- Expertise and Experience: Ken Engquist brings 30 years of leadership and development experience in overseeing the advancement of various mining projects worldwide. His background includes work with prominent mining companies such as Western Copper and Gold, First Mining Gold, Nevsun, Rio Tinto, and others. He possesses technical knowledge, project evaluation skills, market insights, economic understanding, and strategic acumen, along with extensive experience in indigenous and community relations and government affairs.
- Role in Advancing Arizona-Based Copper Projects: Ken Engquist’s appointment is expected to play a crucial role in advancing Intrepid’s portfolio of copper-focused projects located in southern Arizona. The company anticipates that his technical expertise and experience in project development and operations will contribute to the growth of the organization and the creation of long-term shareholder value. In recognition of his role, Ken Engquist has been granted incentive stock options to purchase 150,000 common shares of Intrepid.
Intrepid Metals Corp. (TSX.V:INTR)(OTCQB:IMTCF) (“Intrepid” or the “Company”) is pleased to announce that Mr. Ken Engquist has been appointed to the Board of Directors of Intrepid, effective November 8, 2023.
“We are very fortunate to have Ken join our team, adding his extensive experience and unique expertise to our board,” said Mark Morabito, Chair of Intrepid. “His technical and executive experience with Western Copper and Gold, First Mining Gold, Nevsun, Rio Tinto and several others will be invaluable as we move our projects forward.”
“We are very pleased to welcome Ken to our board,” added Ken Brophy, CEO of Intrepid. “As we advance our exciting portfolio of Arizona-based projects, having someone with Ken’s technical expertise and extensive knowledge of development and operations will be instrumental. I look forward to working with and learning from Ken as we continue to take important steps to grow our company.”
“I’m looking forward to working with Mark, Ken and the rest of the team at Intrepid to enhance the success they’ve already achieved and move their exciting portfolio of copper-focused projects in southern Arizona forward and create long-term shareholder value,” said Ken Engquist, Director of Intrepid.
Mr. Engquist brings 30 years of leadership and development experience overseeing the de-risking and advancement of numerous mining projects from early-stage exploration through start-up and operations of surface and underground mines located in various jurisdictions all over the world. He has extensive experience in a wide range of indigenous and community relations and government relations and an in-depth technical knowledge and understanding of project evaluation, market sensitivities, economics, and strategic drivers.
Mr. Engquist has led operations, technical studies, work programs and permitting as well as participated in the structuring of several financings and M&A deals in the junior mining sector. The most recent positions he’s held were as COO of Western Copper and Gold which was preceded by his role as COO of First Mining Gold. Other notable development projects of his include Nevsun’s Timok Copper Project and South32’s Hermosa Zinc Project. Prior to these, a large portion of his career was spent on large capital projects and operations within Rio Tinto’s portfolio of assets such as Kennecott Utah Copper, Oyu Tolgoi, Resolution and La Granja as well as Newmont’s Cripple Creek and Victor Mine. Mr. Engquist also serves as a Director of Silver One Resources and volunteers his time as a Director-at-Large at the Royal Vancouver Yacht Club. He holds a B.Sc. in Engineering from Michigan Technological University.
Mr. Engquist was granted incentive stock options to purchase 150,000 common shares of Intrepid at an exercise price equal to $0.25 per share. The options have a 5-year term, expiring November 8, 2028 and vest in equal quarterly installments over a 24 month period, with the first 25% of the options vesting on May 8, 2024.
About Intrepid Metals Corp.
Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc in proximity to established mining camps in south-eastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 2018) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSX-V) under the symbol “INTR” and on the OTCQB Venture Market under the symbol “IMTCF”. For more information, visit www.intrepidmetals.com.
INTREPID METALS CORP.
On behalf of the Company
“Ken Brophy”
CEO
For further information regarding this news release, please contact:
Ken Brophy
CEO
604-681-8030
info@intrepidmetals.com
Caroline Sawamoto
Investor Relations
invest@intrepidmetals.com
