Original News Release
Altair Resources appoints Maglione as director
Mr. George Young reports
ALTAIR RESOURCES ANNOUNCES MARC MAGLIONE JOINS ITS BOARD OF DIRECTORS
Altair Resources Inc. has made the following changes to its board of directors.
Marc Maglione agrees to join the board of directors
Mr. Maglione, currently chief financial officer for United States-based Wolverine Fuels, is a senior mining executive with 20 years of international experience across the resources sector. His career spans exploration, mine development and construction, large-scale operating assets, business transformations, and complex acquisitions and divestitures. He has held leadership roles with Australian Securities Exchange- and Toronto Stock Exchange-listed mining companies across Australia, the United States, Canada and Africa. Mr. Maglione spent approximately a decade with Rio Tinto, where his senior leadership roles included acting global head of financial services and chief financial officer of Richards Bay Minerals in South Africa. He subsequently served as portfolio chief financial officer within Trafigura's mining group. He currently serves as chief financial officer and a director of Wolverine Fuels, a leading U.S. coal producer with more than 1,000 employees.
Mr. Maglione is a former chairman and current director of the Utah Mining Association, and serves as an independent director of several privately held mining and mining services companies. He brings extensive experience in business leadership, financial markets, corporate strategy, operational improvement, capital allocation, transactions and board governance across the mining life cycle.
Mr. Maglione holds a bachelor of commerce from the University of Western Australia and a master of finance. He also holds postgraduate qualifications from the Institute of Chartered Accountants Australia and the Governance Institute of Australia.
Dr. Michael G. Nelson resigns from the board
Dr. Nelson has resigned from the board of directors. The company would like to thank Dr. Nelson for his services and wish him well in his future endeavours and acknowledge his long and distinguished career in the mining industry.
George S. Young, chairman and chief executive officer of Altair, said: "We are pleased to add the diverse talents, knowledge of the mineral industry and experience of Marc Maglione to our board. As we develop projects in new commodity sectors, including the potential critical mineral, rare earth element transaction recently announced, Marc's experience and contacts in the industry will be invaluable. We are excited now to press forward to the closing of the acquisition and to commencing work on a technical report and PEA while we also look to progress with other potential transactions. We believe we are well positioned to deliver exemplary value to our shareholders. We also would like to express our appreciation to Dr. Nelson for his guidance and contributions to the company during his tenure as a director."
About Altair Resources Inc.
Altair Resources is a junior resource exploration company focusing on the recently announced potential acquisition of rare earth element projects in Labrador and continues to evaluate new potential projects in rare earth, precious metals and base metals.
We seek Safe Harbor.
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