Hercules Metals Appoints New Executive Team for Leviathan Project Development
Hercules Metals has hired the management group behind Arizona Sonoran Copper's $2 billion sale to Hudbay Minerals to advance the Leviathan copper project in Idaho. The team, led by George Ogilvie, is expected to leverage their extensive experience to transform the discovery into a viable operation.
Theia Market Signal Identification - AI Assisted
Hercules Metals has appointed George Ogilvie as president and CEO, effective September 1, alongside six former executives from Arizona Sonoran Copper. The new team aims to push the Leviathan copper discovery toward development, following significant investor interest due to broad copper intercepts and the identification of a second porphyry center.
The Leviathan project, located near Cambridge, Idaho, has yet to publish a mineral resource or economic study, providing the new team with a fresh start. The incoming group previously facilitated a major value increase at Arizona Sonoran, successfully raising over $300 million for the Cactus project, which has an estimated resource of 1.04 billion tonnes grading 0.48% copper. Hercules plans to split exploration and development responsibilities, maintaining a focus on expanding the Leviathan resource while ensuring effective project advancement.
Comments