Foran Mining Corporation has announced the retirement of their President Patrick Soares effective September 30th. Executive Chairman Darren Morcombe says during Patrick’s tenure at Foran they have demonstrated that McIlvenna Bay could be the center of Saskatchewan’s next mining camp. The next step is to negotiate the path to construction in a way that maximizes value per share for shareholders.
Soares noted Copper and zinc are going to 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. He says a local Canadian supply of these key critical metals is going be ever more important to Saskatchewan and Canada adding It’s time for him to step aside knowing that he leaves the Company in good hands.
Darren Morcombe will assume the role of Interim CEO. Soares has agreed to remain on the Technical Committee.
Foran Mining is a zinc-copper exploration and development company with projects that include the McIlvenna Bay Project located within the Hanson Lake District 65km west of Flin Flon.