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Core Lithium CEO steps down, operations suspended

Kitco Media
By Michael McCrae
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Core Lithium CEO steps down, operations suspended teaser image

Kitco News - Australia-focused Core Lithium announced today that CEO Gareth Manderson will step down. 

The company said it is re-considering next steps due to the industry slowdown. It is also conserving cash. 

"Core is restructuring its business in response to the dramatic decrease in the spodumene price," wrote the company in a news release. "Consequently, and as previously announced, mining operations at Finniss have been suspended, but the Company continues to process ore stockpiles to produce spodumene concentrate for sale to customers. The BP33 early works have also been suspended. Across the business more broadly, work to preserve cash and the value of the Finniss project are the Company’s current priorities."

 

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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