Intrepid Metals Corp. (TSXV: INTR) has appointed Matt Lennox‑King as interim Chief Executive Officer and Chairman, following the resignation of founder and long‑time CEO Mark J. Morabito. Lennox‑King will join the Board of Directors and assume the leadership roles while the company prepares for its next development phase.
Lennox‑King brings more than 25 years of experience in mineral exploration, corporate development, and capital markets, having co‑founded Contact Gold Corp. and served as President and CEO of Pilot Gold Inc. The company also added Dan Barnholden to its board; Barnholden has over 20 years of experience in investment banking and capital markets and is currently CEO of Luca Mining Corp. These appointments reinforce Intrepid’s governance and strategic expertise as it advances its copper portfolio.
Intrepid’s focus remains on the Corral Copper Project, a district‑scale copper platform in Arizona that the company has been consolidating over the past year. Strategic investments from Teck Resources—amounting to a 14.7% ownership stake after transactions in December 2025 and February 2026—provide third‑party validation of the project’s value and the company’s growth trajectory.
Morabito said, “Intrepid has reached an important inflection point. Over the past six years, we have built a district‑scale copper platform in one of the most established jurisdictions in the United States and secured strategic investment from a global mining leader.” The transition is intended to position Intrepid for the next phase of development, leveraging Lennox‑King’s extensive experience to guide the company’s expansion and capitalize on the momentum generated by Teck’s investment.
The leadership change signals Intrepid’s commitment to advancing its copper assets and strengthening its board with seasoned mining and finance professionals, positioning the company to accelerate progress on the Corral Copper Project and pursue additional development opportunities.
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