Ecuador-focused SolGold has begun a search for a new chairperson of the board to succeed Liam Twigger, who will not seek re-election as a director at the upcoming annual general meeting (AGM) in December.
James Clare has also announced that he will not seek re-election as director at the meeting.
Following the AGM, the LSE- and TSX-listed company’s board will be reconstituted and a new chairperson and board committee memberships will the appointed.
SolGold has nominated Adrian (Steve) van Barneveld as nonexecutive director. Van Barneveld currently serves as a general manager at a leading provider of minerals processing and associated infrastructure solutions to the global resources industry.
“Following AGM, we believe it’s the right moment for us to step aside, confident in SolGold’s ability to further advance Cascabel and the ongoing strategic review on parallel paths,” comment Twigger and Clare in a joint statement.
SolGold is in discussions with several groups interested in the Cascabel copper project, in Ecuador. The firm reported last month that it had more than 20 active confidentiality agreements in place.