This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Great Western Minerals Group Appoints Chief Executive Officer

TSX Venture Symbol: GWG CUSIP: 39141Y 10 3 OTCQX: GWMGF

SASKATOON, Jan. 9, 2013 /PRNewswire/ - Great Western Minerals Group Ltd. ("GWMG" or the "Company", TSX:V - GWG) today announced it has appointed Marc LeVier to the position of President and Chief Executive Officer, subject to regulatory approval. The appointment is effective immediately.

Mr. LeVier, who joined the Board of Directors of GWMG in late 2012 ( see: GWMG news release December 18, 2012 ), has been actively involved in an oversight role with the finalization of the Preliminary Economic Assessment ("PEA") and the continued development of the Company's Steenkampskraal project.

Mr. LeVier has been President and Chief Executive Officer as well as a Director of Texas Rare Earth Resources Corp. where he oversaw the completion of a PEA, established the strategic direction for that company and created a culture of innovation and accountability. Prior to that, he spent over twenty years with Newmont Mining Corporation in senior metallurgical and management positions including General Manager of the Zarafshan/Newmont joint venture and Senior Director, Metallurgical Research and Development. During his tenure with Newmont, Mr. LeVier played a leadership role in the successful start-up of operations of new properties and led multi-disciplinary teams in the development of new technologies for hydrometallurgical, chemical and engineering design processes.

Mr. LeVier holds a Bachelor of Science in Metallurgical Engineering as well as a Master of Science degree in Metallurgical Engineering, both from Michigan Technological University in Houghton, Michigan.

His professional affiliations and certifications include membership in the Society of Mining, Metallurgy and Exploration as well as the Mining and Metallurgical Society of America.

GWMG Interim President and Chief Executive Officer Robert Quinn said, "GWMG is exceptionally pleased to announce the appointment of a CEO with such significant mining industry expertise and commitment to our Company. His oversight role in the development of the PEA means he is intimately familiar with GWMG's fully integrated business model and by virtue of moving into the CEO role immediately he will take a lead role in the communication of the results of the PEA, positioning GWMG to move quickly on the execution its strategic plan."

Great Western Minerals Group Ltd. is engaged in becoming an integrated rare earth producer. The Company currently produces specialty alloys which are used in the aerospace, automobile, computer and high-tech industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain iron, nickel, cobalt and rare earth elements. As part of the Company's vertical integration strategy, GWMG also holds 100% equity ownership in Rare Earth Extraction Co. Limited, which owns a 74% equity interest in the Steenkampskraal Mine in South Africa. In addition to an exploration program at Steenkampskraal, GWMG also holds interests in four active rare earth exploration and development properties in North America.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs