Intrepid Metals Corp. (TSXV: INTR | OTCQB: IMTCF) has announced that Ken Engquist has been appointed to its board of directors, effective 8 November 2023.
“We are very fortunate to have Ken join our team, adding his extensive experience and unique expertise to our board,” commented Intrepid chair Mark Morabito. “His technical and executive experience with Western Copper and Gold, First Mining Gold, Nevsun, Rio Tinto, and several others will be invaluable as we move our projects forward.”
Engquist brings 30 years of leadership and development experience overseeing the de-risking and advancement of numerous mining projects from early-stage exploration through start-up and operations of surface and underground mines located in various jurisdictions all over the world.
He has extensive experience in a wide range of indigenous and community relations and government relations and an in-depth technical knowledge and understanding of project evaluation, market sensitivities, economics, and strategic drivers.
Engquist has led operations, technical studies, work programmes, and permitting as well as participated in the structuring of several financings and M&A deals in the junior mining sector. He holds a B.Sc. in Engineering from Michigan Technological University.
A large portion of his career was spent on large capital projects and operations within Rio Tinto’s portfolio of assets such as Kennecott Utah Copper, Oyu Tolgoi, Resolution, and La Granja as well as Newmont’s Cripple Creek and Victor Mine.
Engquist was granted incentive stock options to purchase 150,000 Intrepid shares at C$0.25 each. The options have a five-year term, expiring 8 November 2028 and vest in equal quarterly instalments over a 24-month period, with the first 25% of the options vesting on 8 May 2024.
For further information, please visit: www.intrepidmetals.com
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