Published: September 13, 2024 |

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Ken Engquist
[Click image to enlarge]

Intrepid Metals has appointed Ken Engquist as the new chief executive officer. Intrepid’s CEO of the last two years, Ken Brophy, has transitioned into the role of president and chief operating officer of the company.

“We are very fortunate to have Ken Engquist join us as our new CEO, adding his extensive experience and visionary leadership to our team,” said Mark Morabito, chairman of Intrepid.

“As we advance our exciting portfolio of Arizona-based projects, having someone with Ken’s technical and executive experience from Western Copper and Gold, First Mining Gold, Nevsun, Rio Tinto, and several others will be invaluable. I look forward to working with Ken as we continue to make significant strides in growing our company,” added Morabito.

“I am honored to join Intrepid as the CEO. This is an exciting time for the company, and I look forward to working closely with Mark, Ken Brophy, and the rest of the Intrepid team as we build on the success they’ve already achieved,” said Ken Engquist, CEO of Intrepid.

“Together, we will continue to add value for our shareholders and continue to move our projects in Arizona forward,” added Engquist.

“It has been a busy and successful two years as we assembled our impressive project portfolio and executed a successful initial drill campaign at our Corral Copper project,” said Ken Brophy, president and COO of Intreprid.

“It is now time we build out our dedicated corporate team and I look forward to working with Ken to achieve the common goals of continued growth and delivering value to shareholders,” added Brophy.

Ken Engquist brings more than 30 years of leadership and extensive development experience overseeing the de-risking and advancement of numerous mining projects from early-stage exploration through start-up and operations of surface and underground mines located in various jurisdictions all over the world. He has extensive experience in a wide range of indigenous and community relations and government relations and an in-depth technical knowledge and understanding of project evaluation, market sensitivities, economics, and strategic drivers.

Engquist has led operations, technical studies, work programs, permitting, and stakeholder relations most recently as COO of Western Copper and Gold following a similar role at First Mining Gold. He is experienced in negotiation and financing structures, mergers and acquisitions, and strategic partnership agreements. Some recent development projects of his include Western’s Casino project in the Yukon and First Mining’s Springpole gold project, South32’s Hermosa zinc project, and Zijin Mining’s Timok copper project in Serbia. Engquist also led various other projects within Oxygen Capital’s managed group of companies where he was responsible for advancing a portfolio of assets through various stages of development and into the start of production. He’s previously held key management roles on large capital projects and operations within AngloGold Ashanti and Rio Tinto. Engquist serves as a director on Silver One Resources and has served on the board of several other public and private organizations. He holds a B.Sc. in Engineering from Michigan Technological University.

Intrepid Metals is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, lead, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona. The company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project and the Tombstone South Project which was purchased for $1.3 billion in 2018. Both of which are located in Cochise County, Arizona and the Mesa Well Project. Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America.

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