In an unexpected development, Mark Selby has stepped down as the President and CEO of RNC Minerals. Mark played an integral role for RNC in identifying value that others often overlooked, while always maintaining a steady professionalism throughout some of the ups and downs of the company. He was always gracious, taking the time to engage with shareholders and was very enthusiastic to share his knowledge about the base metal industry and the company’s success. I will miss my interactions with Mark, as I have come to know him over the course of the year. I respect his decision and wish him all the best as he continues on his journey through life. I’m thankful Mark left the company on good terms and in a positive position to continue to develop the operation.

“RNC is in an excellent position today thanks to the hard work of the entire team over many years and I look forward to watching the future growth of RNC and wish the team every success.”

Mark Selby

Paul Andre Huet has been announced as the interim CEO of RNC Minerals until a replacement is found to lead the company into becoming a mid tier miner and create value until a major comes knocking on the door. He is well suited for this role as he has vast amounts of experience in narrow vein mining and building up companies in order to create value for shareholders. He acknowledged Marks role within the company and had this to say…

“Mark Selby has been instrumental in the growth of RNC Minerals to establish the Company to where we are today. On behalf of the Board of Directors, I would like to thank Mark for his efforts and many accomplishments,”

Paul has more than 30 years of mining industry experience with a proven track record of building shareholder value. He served as President, CEO and Director of Klondex Mines from 2012 to 2018. Prior to this, he served as Chief Operating Officer of Premier Gold Mines. He serves on the inaugural Board of Havilah Mining Corporation and has also served on several non-profit and publicly traded company boards. Mr. Huet earned an Honors degree in Mining Engineering Technology from Haileybury School of Mines in Ontario and completed the Stanford Executive Program at the Stanford University School of Business.

“RNC is well-positioned for growth and success. With the Beta Hunt gold mine and the recent acquisition of the Higginsville Gold Operation, we have transformed our Australian operations into a multi-mine gold operation. Our asset in Canada, the Dumont Nickel-Cobalt Project, is well-positioned to capitalize on the development of the metals required for the growth the electric vehicle segment. As Interim CEO, I look forward to working with management and the Board to pursue our priorities and to generate value for shareholders.”

Paul Andre Huet, Executive Chair of the Board and Interim CEO of RNC Minerals

I see no reason to believe that he will not have great success with his new role within the company as he continues to build on the foundation that Mark left behind. It will be intriguing to see how Paul chooses to lead the company moving forward. I am confident that he will do what’s best for the Company and at the end of the day, nothing has changed aside from this abrupt managerial alteration. Beta Hunt is still on track to commence full production in Q3 and release the fully updated resource in a 43-101 sometime in August, while progress at Baloo is well under way. While some may have concerns, I encourage you all to consider that the fundamentals have not changed and the ore body still remains highly prospective. Managerial changes happen all the time and in this case may breathe new life into RNC Minerals as they get ready to take the next steps towards becoming a mid tier mining company.