Bronco Resources Corp. has appointed Dev Rishy-Maharaj as Chief Executive Officer and Director, effective immediately. Rishy-Maharaj succeeds Corbin Stewart, who will continue to serve as a director of the company, providing continuity during this leadership transition. The appointment comes as the company sharpens its strategic focus on gold exploration, particularly at its flagship Placer Mountain Gold Project. This leadership change represents a deliberate move to position the company for what it describes as compelling opportunities presented by strong gold prices.
Rishy-Maharaj brings 14 years of experience in mining and mineral exploration operations to his new role, with work spanning British Columbia, Yukon, and Ontario. His background includes experience at the Highland Valley Copper Mine and leadership roles at remote greenfield and brownfield exploration projects. He has technical expertise across copper porphyry and gold exploration programs, along with what the company describes as a track record of disciplined, results-focused execution. This experience is particularly relevant as the company emphasizes disciplined capital deployment and leveraging historic strength in gold prices to advance shareholder value.
"I'm excited to lead Bronco at a time when strong gold prices present a compelling opportunity," said Rishy-Maharaj in the announcement. "The company is well positioned to apply a methodical exploration approach as we advance our flagship Placer Mountain Gold Project." The company's strategic direction now centers on advancing this key asset, which is located in Princeton, British Columbia and held through an 88%/12% joint venture with Universal Copper Ltd. Additional information about the company is available through its corporate website at https://www.broncoresources.com.
In conjunction with the leadership change, the company has granted an aggregate of 825,000 stock options to directors, officers, and consultants at an exercise price of $0.06 for a period of five years. This grant is subject to TSX Venture Exchange approval and is made in accordance with the company's stock option plan. The company trades on the TSX Venture Exchange under the symbol BRON. The original press release announcing these developments was published on https://www.newmediawire.com.
The leadership transition and strategic focus announcement come with standard forward-looking statements cautioning that actual results may differ from expectations due to various risks including uncertainties related to exploration, fluctuations in commodity prices, regulatory approvals, and general economic conditions. The company notes that neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of the release. This appointment matters because it signals Bronco Resources' commitment to executing a focused exploration strategy during a period of favorable gold market conditions, with experienced leadership aimed at advancing the company's primary asset while maintaining capital discipline.
