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Management

Azincourt Energy appoints Tommasi as CEO

By The Northwire Desk — AI Analysis Mar 18, 2026 · 17:35 AAZ · 0.055 Azincourt Energy Corp.
AAZ · Price

Executive Summary

  • Azincourt Energy Corp. has appointed Mark Tommasi as Chief Executive Officer and director, effective immediately.
  • Former CEO Alex Klenman is stepping down from his executive and corporate secretary roles but will remain on the board in an advisory capacity.
  • The company granted 1.25 million restricted share units (RSUs) and 7.5 million incentive stock options to directors, officers, and consultants, pending regulatory approval.

Key Details

  • New CEO Appointment: Mark Tommasi appointed as CEO and director, effective immediately.
  • Leadership Transition: Alex Klenman steps down as CEO and corporate secretary; assumes an advisory role on the board.
  • Executive Background: Tommasi brings over 30 years of experience in capital markets, corporate development, and the junior exploration sector, with extensive C-suite and board-level governance and financial structuring experience.
  • Equity Grants: 1.25 million RSUs and 7.5 million incentive stock options granted to directors, officers, and consultants.
  • Option Terms: Each option is exercisable to purchase one common share for five years at a price of $0.06 per share.
  • Grant Conditions: All grants are subject to TSX Venture Exchange approval and will vest according to the company's omnibus incentive plan.
  • Company Portfolio: Azincourt focuses on uranium exploration in Canada, including the Harrier project (Snegamook deposit, Labrador) and the East Preston project (Saskatchewan).

Notable Quotes

  • Mark Tommasi, New CEO: "I am very pleased to be joining Azincourt Energy at an exciting time for both the company and the uranium sector... I look forward to working with the team to build on the company's foundation and create long-term value for shareholders."
  • Alex Klenman, Former CEO: "I'm very pleased to welcome Mark as CEO... The timing for this leadership transition is both strategic and appropriate and, as a shareholder, I have strong confidence in Mark's ability to build on this momentum and drive Azincourt forward."
Read the original news release →

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