Golden Arrow Appoints New President & CEO
TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF
VANCOUVER, BC, May 26, 2025 /PRNewswire/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce the appointment of Nikolaos Cacos as President & CEO of the Company. Joseph Grosso, who is stepping down from those roles, will continue to serve as a director and Chairman of the Board.
Mr. Cacos commented, "I am grateful to Joe for entrusting this role to me. His pioneering vision and entrepreneurial acumen has spearheaded Golden Arrow's many successes, including the discovery and monetizing of our Gualcamayo royalty; the discovery, development and sale of the Chinchillas silver-lead-zinc deposit; the growth of a portfolio of highly prospective properties in Argentina; and, most recently, a new deposit discovery at the Company's San Pietro IOCG project in Chile. He has built a cohesive team in three countries, and we all look forward to his continued guidance in his role as Chairman as we work to carry-on Golden Arrow's success."
Previously, as Vice President, Corporate Development and a Director for Golden Arrow, Mr. Cacos has played an integral role in the management and development of the Company. Mr. Cacos has held senior level executive roles in all of the Grosso Group companies since the group's inception in 1993. His work has been essential in seeing those companies through major milestones, including recent transactions with international conglomerates Stellantis N.V. and Corporación América Group.
About Golden Arrow:
Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.
Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in Chile, and a portfolio that includes nearly 125,000 hectares of prospective properties in Argentina.
The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Joseph Grosso"
_______________________________Mr. Joseph Grosso,Executive Chairman, President and CEO
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/golden-arrow-appoints-new-president--ceo-302464716.html
SOURCE Golden Arrow Resources Corporation
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
39 minutes ago
- Bloomberg
Argentina Eases Bond Auction Rules in Aim to Lure More Dollars
Argentina's central bank unveiled a slew of measures Monday aimed at helping the South American nation amass more hard-currency reserves, firepower the country needs to defend the peso. Officials said local currency bonds can now be purchased with US dollars and that the minimum time requirements for foreign investors to hold onto some Argentine bonds will be eliminated. The monetary authority also said it would unveil a second repurchase agreement with several international lenders, of as much as $2 billion, on June 11.
Yahoo
2 hours ago
- Yahoo
DHL Express Canada Locks Out 2,100 Employees, Turns to Replacement Workers
DHL Express locked out 2,100 unionized Canadian employees after midnight on Sunday, prompting the group of couriers, truck drivers and warehouse workers to respond with a strike later that morning. The employees, represented by Canada's largest private sector union Unifor, have been picketing DHL facilities throughout the country. The sides could not come to a new agreement after eight months of contract negotiations. More from Sourcing Journal FedEx Pilots Picket Over Prolonged Contract Stalemate Canada Post Denies Union's Request to Settle New Deal Via Arbitration Canada Post Presents 'Final Offers' to Union, Who Says Labor Battle is 'Far from Over' For now, DHL has set up a contingency plan that will use temporary replacement workers in a move that could test incoming federal laws set to take effect later this month. With replacement workers in tow, the logistics giant says it will be able to sustain its Canadian network operations. DHL Express does not anticipate significant service disruptions for its 50,000 customers, which include apparel sellers like Vancouver-based Lululemon Athletica, Shein and Temu. On June 20, a federal law will go into effect banning replacement workers from being used in labor disputes such as strikes or lockouts. 'We will not stand by while DHL locks out our members across the country and threatens to use scabs in an attempt to pressure our members to take concessions. Our members deserve respect and a fair contract,' said Unifor national president Lana Payne in a statement. 'We expect DHL to abide by the law on the books, passed unanimously by Parliament, which will come fully into force later this month.' In a letter to Canadian Parliament, Payne said DHL's decision was an attempt to undermine the imminent 'anti-scab legislation.' She also said the union expects Canada Industrial Relations Board to issue all appropriate orders, such as fines of up to $100,000 per day, if replacement workers are still used by June 20. The union also alleged the company bussed in hundreds of replacement workers to tour its Hamilton, Ont. facility to train them ahead of a potential work stoppage. 'All DHL's actions are fully compliant with current legislation,' said a DHL spokesperson in a statement. According to the spokesperson, DHL has proposed a 15 percent wage increase over five years, with a 5 percent increase in the first year of the contract. Additionally, the company has touted a hike in pension match and benefits, as well as increased union representation rights. However, 'there simply was not enough progress' in the negotiations to result in a new collective agreement, the spokesperson said. Within the negotiations, the union's sticking points include accommodations for injured workers, clearer employee seniority lists, access to cleaner bathrooms and concerns over electronic surveillance. Unifor criticized changes that are suggested for the driver pay classification system, claiming that some workers driving 100 kilometers to pick up freight would get no compensation. Additionally, the union panned DHL for rerouting pickups across the whole country while reducing pay for owner-operators. In its statement, DHL said the revised compensation model for owner-operators and the review of its routes were designed to 'address changes to the economic viability and operational structure of the Canadian market.' DHL also said it has offered increased reimbursement for vehicles, as well as increased minimum guarantees. The company gave its lockout notice to Unifor members on Thursday. Last month, 97 percent of the union's membership voted in favor of a strike if negotiations broke down. Negotiations have been ongoing between the parties since Oct. 1, with the current collective bargaining agreement having expired on Dec. 31. The work stoppage comes as 55,000 Canada Post workers are stuck in their own labor dispute for a new contract. Both the national courier and its union, the Canadian Union of Postal Workers (CUPW), are at odds over how to go about settling a new deal, with Canada Post denying the labor group's request to move the talks to arbitration. On Monday, both parties traded barbs, accusing each other of not looking to seriously negotiate a new deal. 'However, Canada Post's actions suggest it does not want to negotiate,' the union said. 'It wants to rewrite our agreements—and is seeking to use government interference to further its goals.' Canada Post criticized the union of not responding to the 'final offers' the Crown corporation made at the end of May, which included a new signing bonus of up to $1,000 on top of the prior proposal of a 14 percent wage increase over four years. The carrier also suggested that the report compiled by an industrial inquiry commission established by Labour Minister Steven MacKinnon should be part of the terms of reference for any arbitration. 'The union's refusal to recognize the IIC report and its recommendations in their proposed terms of reference for arbitration is unacceptable,' Canada Post said. Unlike the DHL/Unifor commotion, there is no full work stoppage at Canada Post. The postal workers have instituted a nationwide overtime ban to keep mail operations glowing.
Associated Press
11 hours ago
- Associated Press
Xtra Energy Secures U.S. Bureau of Land Management (BLM) Permit for Immediate Drilling and Roadwork at American Antimony Project
LAS VEGAS, NV / ACCESS Newswire / June 9, 2025 / Xtra Energy Corp. (OTC PINK:XTPT), a U.S.-based critical minerals exploration and development company, is pleased to announce it has received final approval from the U.S. Bureau of Land Management (BLM) to commence road construction and drilling at its wholly owned American Antimony Project in Nevada. This approval clears the path for immediate development activities, including construction of low-impact access roads and drill pads targeting high-priority zones along the historic Antimony King, King Solomon, and Arrance Mine corridors. XTPT will post the required bond in the next few days. Following roadwork completion, Xtra Energy will initiate: In addition, road access will enable the Company to evaluate and sample a series of high-grade antimony stockpiles distributed across the project site-many of which date back to historic production efforts during World War I and World War II. Notably, past operators shipped only material grading over 50% antimony (Sb), leaving behind substantial volumes of high-grade stockpiled ore. Xtra Energy now intends to conduct modern sampling and processing of these materials as part of its near-term monetization strategy. Surface Stockpile Highlights: Figure 1 below illustrates the first two priority stockpiles identified by XTPT for further evaluation. These stockpiles are estimated to contain approximately 2,100 tons of antimony-rich material and will be the focus of detailed sampling and analysis upon completion of road access construction. Previous laboratory results from initial sampling returned antimony grades as high as 33%, with an average grade of 12.8%, highlighting their strong potential for near-term processing and revenue generation. Figure 1: 2,100 tons of Estimated Antimony Rich material In addition to the two priority piles, the Company has identified over 20 additional stockpiles distributed across the project area. Xtra Energy plans to conduct comprehensive volumetric assessments and assay testing on these remaining stockpiles. Results from this expanded analysis could support a potential multi-million-dollar Phase 1 revenue stream, further enhancing the project's near-term economic potential. Phase 1 Drilling Outline: As shown in Figure 2 below, the constructed road and drill pad locations are strategically positioned along the mineralized felsite dike system. Figure 2: Constructed Road and Drill Pad Locations along felsite dike system Mac J. Shahsavar, Chairman & CEO, commented: 'This milestone marks a significant step forward for Xtra Energy. With road access now approved, we are mobilizing immediately to begin drilling, which will help define the size and scope of our antimony deposits. In parallel, we will gain access to evaluate over 22 historic surface stockpiles-each representing potential near-term revenue opportunities. Combined with our broader mineralized felsite dike system, these assets present a rare and strategic opportunity to help reestablish domestic antimony production in the United States.' Strategic Importance of Antimony: About Xtra Energy Corp. Xtra Energy Corp. (OTC PINK:XTPT) is a U.S.-based mineral resource company dedicated to the exploration, development, and responsible stewardship of critical mineral assets. With a primary focus on antimony, Xtra Energy is advancing a growing portfolio of high-grade domestic projects aimed at reducing U.S. reliance on foreign supply chains. Through environmentally responsible practices and strategic project development, the company is positioning itself to become a leading supplier of antimony-based ore in North America. Contact & Learn More: Xtra Energy Corporation Phone: 512-412-3636 [email protected] Corporate Website: Corporate Linkedin: Corporate Twitter: Corporate Instagram: Corporate Facebook: FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at SOURCE: Xtra Energy Corp. press release
