Today’s news is a very interesting read! We attached the link to the entire article at the bottom of this summary.
Ian Ball. Ever heard of him? He’s one of the youngest mining company presidents on Bay Street. He got there by working for McEwan Mining and working directly under Rob McEwan, the gold mining superstar.
After working for McEwan Mining for 10 years, he decided he wanted a new challenge. He called Glenn Mullan, the CEO of Abitibi Royalties, and essentially told him that he wanted to replace Glenn as CEO. Glenn liked the bold move and accepted his offer so they could grow the comapny as a team of decision makers.
Ball launched “The Royalty Search” last summer where struggling eploration companies can submit their properties for consideration. If picked, Abitibi Royalties will pay the property taxes or annual staking costs in exchange for a royalty. That is a great deal, and even better, you get an answer on your property within 48 hours! 65 properties were submitted into the online interface and 8 transactions have been closed.
Ball has ideas for Abitibi to turn into the Uber of mining. He has goals for himself to build the best gold company in the world. Here at Evans Equipment, we want to wish Mr. Ball all the best in his endeavours and we enjoy seeing new ideas get implemented in an industry that goes back centuries.