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 Columbia (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 project.
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.