en.Wedoany.com Reported - Mining executive Brett Richards has accepted a nomination to join the board of directors of Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) and is expected to be appointed as Chairman of the Board at the annual general meeting later in 2026. Prior to the formal appointment, Richards will participate in company affairs as an observer.
With over 35 years of leadership experience in mining companies, Richards has served as a senior executive at major firms such as Kinross Gold Corp. (K:TSX; KGC:NYSE) and Co-Steel Inc. He currently manages Richards Enterprises Inc., a single-family company based in the Bahamas focused on strategic investments in mining, metals, post-consumer commodity recycling, and digital asset trading platforms. According to the company's press release, Richards is widely respected in the global mining community, demonstrating exceptional operational execution, strategic growth, mine development, and capital markets leadership, consistently creating value for shareholders.
Richards expressed excitement about serving as Chairman of Zodiac Gold at a pivotal turning point for the company. He noted that Zodiac Gold's exploration results in Liberia are impressive, with the company holding a promising district-scale mineral rights portfolio in the region. Exploration success strongly supports the potential to discover multiple significant gold deposits along the Todi Shear Zone. He believes Zodiac Gold has the ability to create long-term value for shareholders and looks forward to working with management and the board to unlock this potential.
Zodiac CEO David Kol stated that Richards' addition is transformative for the company. Kol noted that Richards has an exceptional track record in building companies, financing growth, discovering world-class opportunities, and creating shareholder value, and that his leadership, strategic insight, operational expertise, and global network will be critical in accelerating exploration and expanding discoveries.
Zodiac Gold Inc. is a West African gold exploration company focused on the Todi Gold Project in Liberia. The company states that Liberia is politically stable, mining-friendly, with a fast permitting process and strong social support.
The ongoing war between the United States and Iran has impacted commodity markets. Statements from officials of both countries regarding peace and conflict have driven gold prices down to $4,482.30 per ounce. S&P Global noted in April that gold is expected to remain volatile but will receive structural support, with central bank demand and geopolitical risks helping to establish a price floor. On May 7, 2026, Brian Taylor of Recycling Today reported that the World Bank Group forecasts a 17% overall increase in global metal prices in 2026, marking the first broad market rise since 2022.
Technical analyst Stewart Thomson assigned a "Speculative Buy" rating to Zodiac on May 20, 2026, with a short-term price target of C$0.45, a medium-term target of C$0.75, and a long-term technical target of C$1.00. Thomson noted that early results highlight the project's significant potential.
As part of its 2026 exploration strategy, Zodiac has completed 3,600 meters of trenching and 14,000 meters of diamond drilling, targeting the 16-kilometer Monterra structural trend from the Arthington discovery to Youth Camp. The company is also conducting drone-based magnetic and LiDAR surveys to optimize drill targets and support a Mineral Resource Estimate (MRE) planned for the end of the fourth quarter of 2026. In the second half of 2026, the company will follow up on soil geochemical programs (10,500 samples) in the Bomi South and Bong West licenses, with mapping, trenching, and drilling as needed.
Zodiac Gold Inc. has a market capitalization of C$57.34 million, with 163.82 million shares outstanding and a 52-week range of C$0.05 to C$0.44. Management and insiders hold 33% of shares, institutions hold 9%, and the remaining 58% is held by retail investors.
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