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  • Red Moon Resources appointed Rowland Howe as president, effective immediately
  • Mr. Howe will focus on guiding the company’s Great Atlantic Salt Project through its next stage of growth
  • Red Moon Resources is an industrial minerals company with production of gypsum/anhydrite at its Ace Mine in western Newfoundland
  • Red Moon Resources (RMK) is down 4.62 per cent and is trading at $0.62 per share

Rowland Howe has been appointed President of Red Moon Resources, effective immediately.

Mr. Howe will focus on guiding the company’s Great Atlantic Salt Project through “an exciting transformative period.”

He has over 35 years of mining experience and is highly regarded in the global salt industry.

Mr. Patrick Laracy, Red Moon CEO, commented,

“We are thrilled to have Rowland greatly expand his role with Red Moon. His credentials in the salt industry are impeccable. He’s also an energetic leader.

“With Rowland’s expertise, the Great Atlantic Salt Project is in the best of hands at a time when so many factors are aligned to turn this large resource into a state-of-the-art and environmentally friendly ‘salt factory’.”

Mr. Howe was the manager at Compass Minerals’ Goderich mine in southern Ontario from 1996 to 2010 as that operation grew into the largest underground salt mine in the world.

Since his retirement from Compass in 2016, he has continued in his role as President of the Goderich Port Management Corporation and as an independent consultant.

Mr. Howe stated,

“I’m grateful for this new opportunity to guide a very advantaged asset through the feasibility stage into potential production and working with Patrick and the talented team he has assembled.

“There are multiple reasons to view Great Atlantic as the premier undeveloped North American salt resource – the homogeneous nature of the deposit, the high grades, shallowness, potential scalability, and of course its proximity to existing infrastructure which is critical for a low-cost operation.”

He added,

“We are entering a dynamic new period for Red Moon. Shareholders can expect a lot of company activity in the weeks and months ahead, providing steady news flow.”

Mr. Howe has been granted 500,000 stock options, exercisable at $0.50 for a period of five years.

Red Moon Resources is an industrial minerals company with the production of gypsum/anhydrite at its Ace Mine in western Newfoundland.

Red Moon Resources (RMK) is down 4.62 per cent and is trading at $0.62 per share as of 11:41 am ET. 

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