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Royal Nickel Corp
Symbol C : RNX
Shares Issued 552,155,748
Close 2019-07-18 C$ 0.57
Recent Sedar Documents

Royal Nickel CEO Selby resigns, Huet now interim leader

2019-07-18 17:44 ET - News Release

Mr. Paul Huet reports

RNC MINERALS ANNOUNCES THAT MARK SELBY HAS RESIGNED AS PRESIDENT AND CEO; PAUL ANDRE HUET, EXECUTIVE CHAIRMAN HAS BEEN APPOINTED AS INTERIM CEO

Royal Nickel Corp.'s Mark Selby, president and chief executive officer, has resigned for personal reasons from the company effective immediately. Paul Andre Huet, executive chair of the board, has been appointed interim CEO.

"Mark Selby has been instrumental in the growth of RNC Minerals to establish the company to where we are today. On behalf of the board of directors, I would like to thank Mark for his efforts and many accomplishments," said Mr. Huet, executive chair of the board and interim CEO of Royal Nickel. "RNC is well positioned for growth and success. With the Beta Hunt gold mine and the recent acquisition of the Higginsville gold operation, we have transformed our Australian operations into a multimine gold operation. Our asset in Canada, the Dumont nickel-cobalt project, is well positioned to capitalize on the development of the metals required for the growth the electric vehicle segment. As interim CEO, I look forward to working with management and the board to pursue our priorities and to generate value for shareholders."

"RNC is in an excellent position today thanks to the hard work of the entire team over many years," said Mr. Selby. "I look forward to watching the future growth of RNC and wish the team every success."

Mr. Huet has more than 30 years of mining industry experience with a proven record of building shareholder value. He served as president, CEO and director of Klondex Mines from 2012 to 2018. Prior to this, he served as chief operating officer of Premier Gold Mines. He serves on the inaugural board of Havilah Mining Corp. and has also served on several non-profit and publicly traded company boards. Mr. Huet earned an honours degree in mining engineering technology from Haileybury School of Mines in Ontario and completed the Stanford executive program at the Stanford University School of Business.

About Royal Nickel Corp.

Royal Nickel has a 100-per-cent interest in the producing Beta Hunt gold mine located in Western Australia where a significant high-grade gold discovery -- Father's Day vein -- was recently made. Royal Nickel is currently completing a 40,000-metre drill program, the results of which will be incorporated into an updated NI 43-101-compliant mineral resource estimate and mine plan targeted for the second quarter of 2019. Beta Hunt gold resource potential is underpinned by multiple gold shears with gold intersections across a four-kilometre strike length which remain open in multiple directions adjacent to an existing five-kilometre ramp network.

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