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Wicheeda REE project developer searches for new CEO

27th August 2024

By: Creamer Media Reporter

     

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Vancouver-based Defense Metals, the developer of the Wicheeda rare earth elements (REE) project, on Monday announced the resignations of Craig Taylor as CEO and director and Len Clough as director, with immediate effect.

Chairperson Guy de Selliers said that Defense was saddened to see Taylor leave the company. “Under his leadership, the Wicheeda REE project has progressed to an advanced stage, with a detailed prefeasibility study nearing completion and results expected by year-end. Craig has also been instrumental in establishing a strong relationship with the McLeod Lake Indian Band, which, along with the broader support from British Columbia provincial authorities, is vital to the company.”

Taylor said that it was the right time for him to leave the company and pursue other interests. He expressed his confidence in the Wicheeda project, stating that he believed it was the “best of its kind in North America”.

The board has initiated the search for a new CEO.

Pending the appointment of a new CEO, De Selliers would lead the company, working closely with the board of directors, president Luisa Moreno and lead independent director Dale Wallster.

In addition, senior VP for corporate development and interim CFO, Alex Heath, will play a key role in supporting the leadership team and guiding the company through this transition.

Edited by Creamer Media Reporter

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