Giga Metals Corporation has announced the appointment of Scott Lendrum as its new Chief Executive Officer, effective July 2, 2025. Lendrum, an experienced investment banker specializing in the mining sector, will also join the company's board of directors. This strategic move aims to advance Giga Metals' long-term objectives and enhance shareholder value.
Giga Metals Corporation is undergoing a significant leadership transition with the appointment of Scott Lendrum as CEO. Lendrum brings extensive experience in investment banking within the mining sector, with a strong background in cross-border mergers and acquisitions, equity financing, and capital market transactions. His most recent role was Director of Investment Banking (Mining) at Paradigm Capital from 2021 to 2024.
Lyle Davis, Chairman of the Board, expressed enthusiasm for Lendrum's appointment, stating that it reflects the company's commitment to strategic advancement and shareholder value. Lendrum himself shared his excitement, highlighting the Turnagain Project as a significant asset with considerable exploration upside and a large nickel and cobalt deposit.
Lendrum's appointment is expected to drive Giga Metals' strategic goals, particularly concerning the Turnagain Project in northern British Columbia. This project is recognized as one of the world's few significant undeveloped sulphide nickel and cobalt resources, with a Pre-Feasibility Study released in October 2023. Lendrum believes there is substantial value to be unlocked at Turnagain.
In connection with his appointment, Lendrum has been issued 2,000,000 options at an exercise price of $0.10, vesting over time. Additionally, Mark Jarvis has agreed to cancel 1,900,000 options he held. This restructuring ensures continuity and a strong foundation for the company's future growth phase.
Mark Jarvis welcomed Lendrum, emphasizing that his leadership and vision will be invaluable. He also thanked Martin Vydra for his contributions and looked forward to his continued involvement in an advisory capacity.
For more details on these developments, President Mark Jarvis and CEO Scott Lendrum are scheduled to host a live corporate update on June 25 at 11 AM ET / 8 AM PT.
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