Scott Lendrum appointed Chief Executive Officer of Giga Metals Corporation
Giga Metals (OTCQB: GIGGF) has announced significant leadership changes with the appointment of Scott Lendrum as Chief Executive Officer, effective July 2, 2025. Lendrum, who brings extensive experience in mining sector investment banking, will also join the company's board of directors. The restructuring includes Martin Vydra stepping down from his roles as President and Director but continuing as Strategic Advisor, while former CEO Mark Jarvis transitions to President.
As part of his appointment, Lendrum has been granted 2,000,000 stock options at an exercise price of $0.10 per share, while Jarvis agreed to cancel 1,900,000 options priced at $0.52. The company's leadership changes aim to strengthen its position in developing the Turnagain nickel and cobalt project.
Giga Metals (OTCQB: GIGGF) ha annunciato importanti cambiamenti nella leadership con la nomina di Scott Lendrum come Amministratore Delegato, a partire dal 2 luglio 2025. Lendrum, che vanta una vasta esperienza nel settore bancario degli investimenti minerari, entrer脿 anche a far parte del consiglio di amministrazione dell'azienda. La riorganizzazione prevede che Martin Vydra si dimetta dai suoi incarichi di Presidente e Direttore, continuando per貌 come Consulente Strategico, mentre l'ex CEO Mark Jarvis assumer脿 il ruolo di Presidente.
In occasione della sua nomina, a Lendrum sono state assegnate 2.000.000 di opzioni azionarie con un prezzo di esercizio di 0,10$ per azione, mentre Jarvis ha accettato di annullare 1.900.000 opzioni con prezzo di 0,52$. Questi cambiamenti nella leadership mirano a rafforzare la posizione dell'azienda nello sviluppo del progetto Turnagain di nichel e cobalto.
Giga Metals (OTCQB: GIGGF) ha anunciado cambios significativos en su liderazgo con el nombramiento de Scott Lendrum como Director Ejecutivo, efectivo a partir del 2 de julio de 2025. Lendrum, quien aporta una amplia experiencia en banca de inversi贸n en el sector minero, tambi茅n se unir谩 al consejo de administraci贸n de la compa帽铆a. La reestructuraci贸n incluye que Martin Vydra renuncie a sus cargos de Presidente y Director, pero continuar谩 como Asesor Estrat茅gico, mientras que el ex CEO Mark Jarvis pasar谩 a ser Presidente.
Como parte de su nombramiento, a Lendrum se le han otorgado 2,000,000 opciones sobre acciones con un precio de ejercicio de $0.10 por acci贸n, mientras que Jarvis acord贸 cancelar 1,900,000 opciones con un precio de $0.52. Los cambios en el liderazgo de la empresa buscan fortalecer su posici贸n en el desarrollo del proyecto de n铆quel y cobalto Turnagain.
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鞛勲獏瓿� 頃粯 Lendrum鞐愱矊電� 欤茧嫻 頄夓偓 臧�瓴╈澊 $0.10鞚� 2,000,000欤� 鞀ろ啞鞓奠厴鞚� 攵�鞐悩鞐堨溂氅�, Jarvis電� 欤茧嫻 $0.52 臧�瓴╈潣 1,900,000欤� 鞓奠厴鞚� 旆唽頃橁赴搿� 霃欖潣頄堨姷雼堧嫟. 須岇偓鞚� 毽崝鞁� 氤�頇旊姅 Turnagain 雼堨紙 氚� 旖旊皽韸� 頂勲鞝濏姼 臧滊皽鞐愳劀 鞛呾毳� 臧曧檾頃橁赴 鞙勴暅 瓴冹瀰雼堧嫟.
Giga Metals (OTCQB : GIGGF) a annonc茅 des changements importants dans sa direction avec la nomination de Scott Lendrum au poste de Directeur G茅n茅ral, 脿 compter du 2 juillet 2025. Lendrum, qui poss猫de une vaste exp茅rience dans la banque d'investissement du secteur minier, rejoindra 茅galement le conseil d'administration de la soci茅t茅. La restructuration pr茅voit que Martin Vydra d茅missionne de ses fonctions de Pr茅sident et Directeur, tout en continuant en tant que Conseiller Strat茅gique, tandis que l'ancien CEO Mark Jarvis devient Pr茅sident.
Dans le cadre de sa nomination, Lendrum s'est vu attribuer 2 000 000 d'options d'achat d'actions 脿 un prix d'exercice de 0,10 $ par action, tandis que Jarvis a accept茅 d'annuler 1 900 000 options au prix de 0,52 $. Ces changements de direction visent 脿 renforcer la position de l'entreprise dans le d茅veloppement du projet de nickel et cobalt Turnagain.
Giga Metals (OTCQB: GIGGF) hat bedeutende F眉hrungs盲nderungen bekannt gegeben und Scott Lendrum zum Chief Executive Officer ernannt, wirksam ab dem 2. Juli 2025. Lendrum, der 眉ber umfangreiche Erfahrung im Investmentbanking des Bergbausektors verf眉gt, wird au脽erdem dem Vorstand des Unternehmens beitreten. Die Umstrukturierung sieht vor, dass Martin Vydra von seinen Positionen als Pr盲sident und Direktor zur眉cktritt, jedoch weiterhin als Strategischer Berater t盲tig bleibt, w盲hrend der ehemalige CEO Mark Jarvis zum Pr盲sidenten wechselt.
Im Rahmen seiner Ernennung wurden Lendrum 2.000.000 Aktienoptionen zu einem Aus眉bungspreis von 0,10 $ pro Aktie gew盲hrt, w盲hrend Jarvis zustimmte, 1.900.000 Optionen mit einem Preis von 0,52 $ zu stornieren. Die F眉hrungs盲nderungen zielen darauf ab, die Position des Unternehmens bei der Entwicklung des Turnagain-Nickel- und Kobaltprojekts zu st盲rken.
- Appointment of experienced mining sector investment banker Scott Lendrum as CEO
- Former CEO Mark Jarvis remains with company as President, ensuring leadership continuity
- Martin Vydra continues involvement as Strategic Advisor
- New CEO granted options at $0.10, showing alignment with shareholder interests
- Significant leadership restructuring could create temporary organizational adjustment period
- Cancellation of higher-priced options ($0.52) by former CEO may signal lower price expectations
VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Giga Metals Corporation (TSX.V: GIGA, OTCQB: GIGGF, FSE: BRR2) (the "Company") is pleased to announce that Scott Lendrum has been appointed Chief聽Executive Officer of the Company, effective July 2, and will also join the board of directors of the Company (the "Board").
Mr. Lendrum has extensive experience as an investment banker specializing in the mining sector. He has a strong track record in executing cross-border mergers and acquisitions, equity financing, and capital market transactions, and has held leadership positions at several prominent financial institutions, most recently at Paradigm Capital from 2021 鈥� 2024, where he was Director of Investment Banking (Mining).
鈥淭he appointment of Mr. Lendrum reflects our Company's commitment to advancing its long-term strategic objectives and enhancing shareholder value,鈥� said Lyle Davis, Chairman of the Board. 鈥淲e are very excited to welcome him to the Board and to this leadership position.鈥�
鈥淭his is the opportunity I have been looking for,鈥� said Mr. Lendrum. 鈥淚 am extremely excited to join Giga Metals and continue the successful work carried out by Mark and the team. Turnagain is a significant project in a great jurisdiction, and it has exciting exploration upside in addition to its large nickel and cobalt deposit, described in a PFS dated October, 2023. I believe there is a lot of value to be unlocked here, and I look forward to the challenge.鈥�
In connection with this transition, Martin Vydra has stepped down from his roles as President and Director of the Company, effective today. Mr. Vydra will continue to play a key role with the Company, serving as a Strategic Advisor to support the Company's leadership and ongoing development.
Additionally, Mark Jarvis, who has served as Chief Executive Office since 2005, will assume the role of President. This new structure ensures continuity and a strong foundation for the Company's next phase of growth.
"We are thrilled to welcome Mr. Lendrum to the team. We believe that his leadership and vision will be invaluable as we pursue our strategic goals," said Mr. Jarvis. "We also thank Mr. Vydra for his significant contributions to the Company and look forward to his continued involvement in an advisory capacity."
In connection with Mr. Lendrum's appointment, the Company has issued Mr. Lendrum 2,000,000 options (the "Options") exercisable into 2,000,000 common shares of the Company at an exercise price of
For more details, please join President Mark Jarvis & CEO Scott Lendrum for a live corporate update on June 25 at 11 AM ET / 8 AM PT. .
About Giga Metals Corporation
Giga Metals Corporation鈥檚 core asset is the , located in northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned jointly by Giga Metals Corporation and Mitsubishi Corporation. The Pre-Feasibility Study was released in October 2023.
Forward-looking Statements
Certain statements in this news release are forward-looking statements, which reflect the expectations of the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements include, but are not limited to, the Company's strategic goals and future plans. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
On behalf of the Board of Directors of Giga Metals Corporation
鈥淟yle Davis鈥�
LYLE DAVIS
Chairman of the Board
Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: [email protected]
Company Website:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 604-700 West Pender Street, Vancouver, BC V6C 1G8
www.gigametals.com
Tel: 604 681 2300
FAQ
Who is the new CEO of Giga Metals (GIGGF) and when does he start?
What happened to Giga Metals' former executives in the leadership change?
What stock options were granted to Giga Metals' new CEO?
What is the Turnagain project mentioned by Giga Metals' new CEO?
When can investors learn more about Giga Metals' leadership changes?
