Clean Air Metals (TSX-V:AIR) announces the appointment of Mike Garbutt as the new President and CEO, effective from 1 July 2024.
Garbutt is a seasoned mining professional with over 25 years experience in mine operations, projects, and engineering. He has contributed to Clean Air Metals’ strategic vision and development as COO over the past few years.
“Succession planning has been at the forefront of our minds since Mike joined Clean Air Metals two years ago,” outgoing CEO and returning Chairman Jim Gallagher says.
“Mike’s leadership and involvement, particularly in the due diligence review of other platinum group element assets in Northwestern Ontario, have been invaluable. He has demonstrated that he is uniquely qualified to carry forward our strategic initiatives.”
Despite what the company calls “industry headwinds”, Clean Air has maintained a healthy cash position of $5.91 million as of 31 January, while also focusing on its project targeting and strategically planning for resource base expansion through the potential acquisition of PGE assets.
Garbutt says he is excited to lead the team as Clean Air executes its strategy and capitalise on the opportunities ahead.
“With Jim’s continued support on the board, alongside our recent additions of Dr Lionnel Djon as Vice President of Exploration and Dr David Peck to the board of directors, I am confident that we have one of the strongest teams in the junior sector,” he says.
Gallagher will assume the role of non-executive Chairman and will replace Dean Chambers, who will continue his board roles as Chairman of the audit and governance, nominating and compensation committees.
Write to Aaliyah Rogan at Mining.com.au
Images: Clean Air Metals
