Madison appoints strategy officer to manage Lux relationship
CSE- and OTCQB-listed mining and exploration company Madison Metals has appointed Ryan Thompson new chief strategy officer.
In his role, Thompson will manage Madison’s relationship with Lux Partners, among other duties.
Madison recently announced a “first-of-a-kind” uranium forward sales agreement with Lux Partners, which operates a decentralised blockchain integrated with and operated by a network of regulated bank and money transmitter partners. The five-year exclusive supply agreement provides for the delivery of up to 20-million pounds of triuranium octoxide (U3O8) from Madison’s uranium projects in Namibia, following the start of commercial production.
The fulfilment of the U3O8 would back the first-ever uranium-backed nonfungible tokens (NFTs).
Starting October 15, via the Lux Market, almost anyone in the world will be able to mint Lux Uranium NFTs.
“I can think of no one better than Ryan to drive Madison’s overall corporate strategy and manage our new relationship with Lux,” said executive chairperson and CEO of Madison Duane Parnham.
“Ryan’s 22 years leading at the intersection of technology, strategy and marketing makes him the perfect choice for the relaunch of one of the world’s most cutting-edge mining companies,” he added.
Thompson has more than 25 years of tech, digital, marketing and public markets experience. His background includes developing investor awareness campaigns for Canopy Growth and Aurora Cannabis. He has worked with more than 50 publicly traded brands, creating investor awareness as managing partner at enPercept. He has also been involved in cryptocurrencies as early as 2013.
Madison has granted 100 000 stock options to Thompson at C$1.16 in accordance with its stock option plan.
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