Richard Williams has resigned as CEO of Cornish Metals, the company advancing the South Crofty tin project, in the UK.
Williams will leave the Aim- and TSX-V-listed company on March 31, but will remain available on a consulting basis going forward.
Nonexecutive director Ken Armstrong will step in as interim CEO and chairperson Patrick Anderson will become the executive chairman during the search for a permanent CEO.
Anderson pointed out that Williams was instrumental in acquiring the South Crofty project from administration in 2016, the company’s dual listing on Aim in 2021 and securing the company’s cornerstone investment from Vision Blue Resources in 2022.
“We wish him all the best in his future endeavours,” Anderson said.
Meanwhile, Armstrong said that, in the short term, Cornish Metals would focus on delivery of a preliminary economic assessment of the project in the second quarter and continued mine dewatering through, and safe refurbishment of, the New Cooks Kitchen shaft.