CAPITAL MARKETS

Far to honour co-founder

Co-founder and former CEO Keith Anderson passes away

Staff reporter
Keith Anderson (left) pictured at PDAC in 2017 with Dave Hodge

Keith Anderson (left) pictured at PDAC in 2017 with Dave Hodge

Anderson had resigned due to ill-health at the end of February and director Toby Mayo was appointed interim CEO.

Anderson previously worked at Canaccord Capital and founded Far Resources with his brother Frank, who is on Far's board of directors.

He had long recognised the potential in the lithium industry and had recently negotiated the agreement to acquire up to 90% interest in the Hidden Lake lithium project in Canada's Northwest Territories from 92 Resources Corp (CN:NTY), which was finalised earlier this month.

"He had clear ideas and plans for the future of the company and our projects, and we are pleased to honour his legacy," Mayo said.

The company also has the Zoro lithium project in Manitoba and the Winston gold project in New Mexico, US, which it plans to spin out into a separate company.

Shares in Far Resources have ranged widely in the past year, from C7.5c to a high of $1.10 on January 18. They lost 1c on Friday to 38.5c capitalising Far at $38.4 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.