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URU Metals, a multi-commodity resource exploration and development company, has nnounced the appointment of John Zorbas as Chief Executive Officer (non-board appointment) with immediate effect.
Mr. Zorbas, a resource entrepreneur with a proven track record in the metals exploration and development industry, will provide further expertise to the URU Metals team as it focuses on the advancement of the low-cost high-tonnage Zebediela Nickel Sulphide Project in South Africa.
In addition, the Board believes Mr. Zorbas’s experience in the uranium exploration sector will be of particular importance in the development of the Närke Oil-Uranium Project in Sweden, which hosts one of the largest proven uranium deposits worldwide.
Mr Zorbas is currently Executive Chairman of NWT Uranium Corporation and Chief Executive Officer of Mercom Oil Sands plc. He is also a director of both ZorCorp Capital Holdings and Starline Capital Holdings Infrastructure Fund, and served as President of MGM Productions Group Inc. Mr Zorbas has held senior advisory positions in various facets of business including operations, marketing, sales, strategic planning and structured finance. Mr. Zorbas holds an Honours Bachelors in Economics from the University of Toronto.
David Subotic, Chairman of URU Metals, commented “I am delighted to welcome John to the team and I am confident that his extensive high level experience in the exploration and development sector will prove invaluable as we refine our strategy and focus our attentions on the development of URU Metals’ key assets. John has supported URU Metals for many years through his position as Chairman of NWT Uranium, URU Metals’ 38% shareholder, and will bring his expertise in the uranium industry to the Company. This will be of particular importance in the development of the Company’s Närke Oil-Uranium Project in Sweden, where there is potential to define combined non-compliant resources of 1.47 billion tonnes containing 303,000t of U3O8 and 525 million barrels of oil equivalent.
“John’s commercial proficiency has already delivered for the Company; he was highly instrumental in securing our 100% interest in the high-tonnage, low-cost Zebediela Nickel Sulphide Project. John has been integral in the negotiation and successful conclusion of multiple transactions during his corporate and entrepreneurial career, and I believe this corporate acumen will be highly beneficial to URU Metals moving forward.”
