World News: 12:00 GMT Wednesday 17th April 2019. [Streetwise Reports Llc via Globe Newswire via SPi World News]
SAN FRANCISCO, April 17, 2019 (GLOBE NEWSWIRE) -- J. Ian Stalker, who has had a long—more than 45 years—and storied history in mining exploration, development and operations, including working in West Africa for more than a decade, has become the non-executive chairman of , a gold exploration company with projects in Burkina Faso and Canada.
During his career, Stalker has taken more than 10 mining projects through feasibility, development and construction, and has raised more than $500 million in capital investment.
Companies under Stalker's management have seen significant market cap growth. He was the CEO of UraMin, a uranium company that was acquired by Areva for $2.5 billion in 2007. As president and CEO of LSC Lithium, he guided that company to a recent $111 buy-out, a 30% increase in market price.
Alex Klenman, Nexus' president and CEO, stated, "Ian has been on the Nexus board for almost one year, and is now stepping into a greater role as non-executive chairman. He has M&A success behind him, discovery success and development success."
"I think there is the potential to grow Nexus not just into a Burkina Faso company, but to a much larger West African company, that adds a lot of potential value to the company and gives you that size one needs to have in order to get proper attention," Stalker stated.
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Globe Newswire: 12:00 GMT Wednesday 17th April 2019
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