- Scottie Resources (SCTSF, Financial) appoints Sean Masse as Chief Operating Officer and promotes Dr. Thomas Mumford to President.
- 670,000 stock options issued at $0.97 per share along with 325,000 RSUs and 200,000 DSUs to directors, officers, and consultants.
- The company's strategic shift emphasizes development of the Scottie Gold Mine DSO project.
Scottie Resources Corp. (SCTSF) has released details of significant management changes to advance its transition from exploration to development. Sean Masse has been appointed as the new Chief Operating Officer (COO), bringing over 25 years of underground mining expertise, including his recent tenure as General Manager of the Brucejack Mine.
Additionally, Dr. Thomas Mumford has been promoted to President, providing continuity in operations. Previously serving as Vice President of Exploration, Dr. Mumford has contributed significantly to the company's exploration efforts.
In a strategic move to align with its development goals, Scottie Resources granted 670,000 stock options exercisable at $0.97 per share, alongside 325,000 Restricted Share Units (RSUs) and 200,000 Deferred Share Units (DSUs) to various directors, officers, and consultants. Stock options will vest quarterly over a year, whereas RSUs and DSUs will vest after one year.
The company's focus is now on advancing the Scottie Gold Mine direct ship ore (DSO) project, as it moves forward from exploration to development phase. Sean Masse's extensive experience is expected to be instrumental in guiding project design, engineering studies, and advancing permitting processes.
"I am thrilled to join Scottie Resources and eager to bring my past experience in mining development to the fore," commented Sean Masse. "The company is well-positioned to embark on the development and production phase, which I believe will benefit the local communities as well as the province."
Scottie Resources continues to hold a 100% interest in its key properties located in the prolific mineralized district known as the Golden Triangle in British Columbia.
