Business
Carmanah Minerals Appoints Karim Rayani as Executive Chairman, CEO & Director
VANCOUVER, British Columbia, March 18, 2026 (GLOBE NEWSWIRE) -- Carmanah Minerals Corp. (“Carmanah” or the “Company”) is pleased to announce the appointment of
About this update from Skull Ridge Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 18, 2026 (GLOBE NEWSWIRE) -- Carmanah Minerals Corp. (“Carmanah” or the “Company”) is pleased to announce the appointment of Karim Rayani as Executive Chairman, Chief Executive Officer, and Director, effective immediately, following the resignation of Fraser Rieche as CEO and Director. Mr. Rayani is a global entrepreneur, investor, and capital markets executive with deep experience leading and growing companies in the natural resource and investment sectors. He has held executive and board roles across North America, Europe, and the Middle East, successfully raising capital, advancing operations, and executing corporate growth strategies. As a significant shareholder in Carmanah, his interests are directly aligned with those of all investors. In his role as Executive Chairman and CEO, Mr. Rayani will lead the Company’s strategic direction, corporate development, and operational execution, with a focus on unlocking the full potential of its flagship Heritage Gold-Silver Project in Newfoundland. As part of this transition, the Company is undertaking a comprehensive relaunch and rebranding initiative to better reflect the scale and opportunity of its underlying asset base. The Company thanks Fraser Rieche for his contributions and wishes him well in his future endeavors. Management Commentary Mr. Rayani commented: “Carmanah’s Heritage Gold-Silver Project on the Burin Peninsula represents a compelling opportunity, with exposure to high-grade gold and silver mineralization within one of Canada’s largest and most underexplored epithermal belts. The project provides a strong foundation for value creation through targeted exploration and resource expansion. We are advancing work programs aimed at supporting an updated NI 43-101 resource estimate. Importantly, the system remains open at depth and along strike, with no historical drilling testing the deeper extensions of mineralization. Exploration to date has covered only a fraction of the property, leaving substantial upside across the broader land package. Newfoundland has rapidly emerged as a premier mining jurisdiction, underpinned by a mining-friendly regulatory framework and a highly prospective geological setting. The project lies along a major structural corridor that hosts multiple high-grade deposits, reinforcing the potential for furthe...