Business
Search Minerals Announces Resignation of President & CEO and Executive Vice President
TORONTO , July 28, 2014 /CNW/ - Search Minerals Inc. (" Search " or the " Company ") (TS...
About this update from Search Minerals Inc.
[{"type":"text","content":"\n\n\nTORONTO, July 28, 2014 /CNW/ - Search Minerals Inc. (\"Search\" or the \"Company\") (TSXV: SMY) announced today that its Board of Directors (the \"Board\") has accepted the resignations of its President and Chief Executive\n Officer (\"CEO\"), Mr. Stephen Keith, and Executive Vice President, Corporate\n Development, Mr. Alex Penha, effective July 28, 2014. Mr. Keith's and\n Mr. Penha's resignations follow the Company's decision to restructure\n its corporate strategy to focus on its world class Foxtrot Project (\"Foxtrot\" or the \"Project\"), located in the Port Hope Simpson Rare Earth Element District in SE\n Labrador. The Board has also accepted Mr. Keith's and Mr. Penha's\n resignations as Directors of the Company.\n\n\nThe Board has appointed the Chairman of Search Minerals, Mr. James (Jim)\n Clucas, to replace Mr. Keith as interim President & CEO. Mr. Clucas\n will retain his position as Chairman and a Director of the Company. Mr.\n Clucas was the President and Chief Executive Officer of Search from\n September 2009 until April 2013. He has over 30 years of experience and\n expertise in mining exploration and has been involved in the\n development of several mineral deposits, including the Snow Lake Mine\n (High River Gold Mines), Montana Tunnels (Pegasus Mining), and the\n Fenix Project (HudBay Minerals Inc.). Mr. Clucas was the founder of\n International Nickel Ventures Inc. which acquired and developed the\n Santa Fe/Ipora Nickel Laterite deposit in Brazil.\n\n\nOn his appointment, Mr. Clucas stated, \"The entire Board joins me in\n thanking Stephen and Alex for their tireless efforts and wishes them\n the best for the future.  I am pleased to be returning to my role as\n interim President & CEO of Search and to continue to bring Foxtrot, our\n flagship project with a positive and robust PEA and a relatively low\n capex, into development\".\n\n\nAbout Search Minerals\nSearch Minerals Inc. (TSXV: SMY) is a TSX Venture Exchange listed\n company focused on creating value through finding and developing\n mineral assets with growing demand and constrained or restricted\n supply, and with increasing use in innovative technologies.\n\n\nSearch is the discoverer of the Port Hope Simpson REE District, a highly\n prospective light and heavy REE belt located in southeast Labrador,\n where the Company controls a ...