Proactive Investors - Solstice Gold Corp. (TSXV:SGC) has announced the appointment of Pablo McDonald as its new chief executive officer and director, effective May 24, 2023.
The company noted that McDonald brings with him fifteen years of experience in the mining industry, having worked on various projects ranging from greenfield exploration programs to large-scale mines worldwide.
Prior to joining Solstice, he served in consulting roles with major mining companies, where he played a key role in extending mine life, particularly for Newmont and B2Gold (TSX:BTO). McDonald holds a bachelor's degree in Geological Engineering from Queen's University.
In a statement, David Adamson, chairman of Solstice Gold, expressed his enthusiasm for McDonald's appointment, saying: "I am pleased to welcome Mr McDonald as Solstice's new CEO. Over the past 15 months, Pablo has skillfully managed Solstice's operations and exploration team."
Adamson highlighted McDonald's instrumental role in identifying the Lithium potential of the Eastern English River Subprovince, which led to the acquisition of the SLP land package. He further praised McDonald's leadership skills, emphasizing the potential for asset discovery and development to drive shareholder value.
McDonald commented: "I am pleased to accept the role of Director and CEO of Solstice. I am convinced that, by building on the hard work done to date, there is a strong opportunity for discovery."
McDonald also expressed his confidence in the technical team and the commitment of the Board, underscoring his dedication to creating shareholder value through asset discovery and development.
In conjunction with his appointment, Solstice Gold said it has granted McDonald 900,000 stock options, exercisable for common shares at an exercise price of $0.05 over a five-year term. The options will vest in three equal portions over a period of two years.
The appointment is still subject to acceptance and approval by the TSX Venture Exchange. Following McDonald's start, David Adamson will step down from his role as interim CEO but will continue to serve as the chairman of the company's board of directors.
Solstice Gold is an exploration company focused on district-scale gold projects in established mining regions of Canada. The company's projects, including Red Lake Extension, New Frontier, Atikokan Gold, and Qaiqtuq Gold, hold significant potential for gold discoveries. Additionally, Solstice Gold possesses an extensive portfolio of over 80 gold and battery metal royalties and properties, acquired in October 2021, which have already generated substantial value.