NEW YORK Three
Copper Fox Metals Inc. executives will leave the company as
part of a corporate reorganization following its joint venture
with Teck Resources Ltd.
Effective Sept. 1,
executive vice president Michael Smith will retire while vice
president of operations Cam Grundstrom and vice president of
environment and permitting Shane Uren will resign, the
Vancouver, British Columbia-based company said Aug. 30.
In July, Teck
Resources took a 75-percent stake in Copper Foxs Schaft
Creek copper-gold exploration project in northern British
amm.com, July 16), Teck has now exercised the
option to take over operations, president and chief executive
officer Elmer Stewart told AMM Aug.
30. As a result, Smith, Grundstrom and Uren
will no longer be involved in running the development
Smith will remain a
member of the board of directors, while Grundstrom and Uren
will remain involved with company subsidiary Desert Fox Copper
Inc. as consultants should the company have more developments
in the future.