Junior sulfate of potash (SOP) developer Salt Lake Potash (SO4), Perth, Western Australia, reported on Aug. 27 that CEO Tony Swiericzuk has resigned. This news comes one month after SO4 announced that it had revised its SOP production ramp up and would require more funding to continue operations (GM July 30, p. 1).
The Board of Directors said it is in advanced discussions with a replacement CEO and will be in a position to make an announcement in the next couple of weeks. It said it is committed to the success of the Lake Way Project and the larger vision of SO4 becoming a major global exporter of seaborne SOP.
Swiericzuk will continue on the Board and also as a consultant to ensure a smooth transition to the new CEO, as well as providing ongoing strategic and technical advice.
The Board thanked Swiericzuk for the energy and commitment he brought to the CEO role since joining the company in November 2018, noting that he guided the permitting, financing, development, and construction of the Lake Way Project, positioning it as a leader in Western Australia.