New president, CEO July 28, 2022 !! WOW
Excellon Resources appoints Howarth as president, CEO
2022-07-12 09:59 ET - News Release
Mr. Brendan Cahill reports
EXCELLON APPOINTS NEW PRESIDENT & CEO
Excellon Resources Inc. has appointed Shawn Howarth to the role of president and chief executive officer, effective July 28, 2022. Mr. Howarth will be appointed to the board following the company's annual general and special meeting on Aug. 12, 2022.
Mr. Howarth has over 22 years experience in the mining industry spanning project evaluation, corporate finance, stakeholder relations and corporate strategy. Most recently, he was vice-president of corporate development of Harte Gold Corp., where he was instrumental in development of the Sugar Zone mine and ultimate restructuring and sale of the company. Previously, Mr. Howarth worked in investment banking and mining advisory on the global mining and metals teams with Standard Chartered Bank and Gryphon Partners Canada. He holds a master of business administration from the Ivey School of Business and a bachelor of applied science from Queen's University.
"I am excited and energized to be joining the Excellon team at such a pivotal time," stated Mr. Howarth, incoming President and CEO. "Excellon has the foundation for future growth, including strong leadership at the board and management level, coupled with deep operating experience, particularly in Mexico. My near-term focus will be on optimizing the asset portfolio and returning financial stability to the company. I look forward to working with the Excellon board and all stakeholders on a collaborative basis to grow sustainable value for the company."
"We are delighted to welcome Shawn to Excellon as president and CEO," stated Andre Fortier, chair of the board at Excellon. "As part of a renewed perspective on corporate strategy as we wind down operations at Platosa, we are establishing new leadership to position the company for its next phase of growth. Shawn will support this mandate, bringing to Excellon a broad experience set and deep relationship base that will be particularly useful in the company's ongoing corporate development strategy."
Mr. Fortier added: "We thank Brendan for his tireless leadership and commitment to the company over the past 10 years. Brendan joined Excellon in 2012, leading the turnaround of our Platosa operation and developing strong relationships in Mexico, while assembling the company's current portfolio of assets, including Kilgore and Silver City. Brendan has been integral to this transition of leadership and the board will benefit from his continued support going forward."
"We have a strong set of assets at Excellon and I believe their full value will be realized under Shawn's leadership of the company," stated Brendan Cahill, outgoing president and CEO of Excellon. "I remain committed to supporting Excellon and the board. My focus will shift to ensuring a smooth transition and I look forward to supporting Shawn and the broader management team as a board member." Mr. Cahill will remain on the board of directors of the company.
Annual and special meeting of shareholders
The company will hold its annual and special meeting of shareholders on Aug. 12, 2022.
About Excellon Resources Inc.
Excellon's vision is to create wealth by realizing strategic opportunities through discipline and innovation for the benefit of its employees, communities and shareholders. The company is advancing a precious metals growth pipeline that includes: Kilgore, an advanced gold exploration project in Idaho with strong economics and significant growth and discovery potential; an option on Silver City, a high-grade epithermal silver district in Saxony, Germany, with 750 years of mining history and no modern exploration; and Platosa, a high-grade silver mine producing in Mexico since 2005, scheduled to wind down in Q3 2022, with an 11,000-hectare exploration package on Mexico's carbonate replacement deposit (CRD) trend. The company is also actively seeking to capitalize on current market conditions by acquiring undervalued projects.
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