Arya Resources Appoints Roger B. March as Executive Vice President, Exploration
Arya Resources strengthens its exploration leadership, confirms delayed stock options, and commits C$100,000 to external market analytics support.
Rhea-AI Summary
Arya Resources (RBZFF) appointed geologist Roger B. March as Executive Vice President, Exploration, expanding his role beyond his current directorship.
March has more than 30 years of exploration and mining experience, including about 15 years at Foran Mining, where indicated and inferred resources at the McIlvenna Bay project rose from 12.67 million tonnes to 43.10 million tonnes before Foran’s C$3.8 billion acquisition by Eldorado Gold in April 2026. He also worked over a decade at Cumberland Resources, during which the Meadowbank gold resource increased from about 800,000 ounces to more than four million ounces prior to Cumberland’s C$710 million acquisition by Agnico Eagle in 2007.
March, a Professional Geoscientist and Qualified Person under NI 43-101, signed an employment agreement with per diem fees and discretionary bonuses. Arya retained Equinox Analytics for 12 months for C$100,000 to provide market research and analytics, subject to TSX Venture Exchange approval.
The company confirmed that a previously announced grant of 750,000 options at $0.75, expiring February 3, 2029, has now been issued, and it has granted an additional 650,000 options at $0.50, expiring September 15, 2031, with all option grants subject to TSX Venture Exchange approval.
Positive
- Experienced EVP Exploration hired with 30+ years in resource growth and project development
- McIlvenna Bay resources grew from 12.67 Mt to 43.10 Mt during March’s tenure at Foran
- Meadowbank gold resource expanded from ~800,000 oz to over 4 million oz while March was at Cumberland
- Market analytics mandate 12-month Equinox Analytics engagement for C$100,000 to support market and sentiment analysis
- Equity incentives granted total 1,400,000 options at $0.75 (to 2029) and $0.50 (to 2031), aligning management with shareholders
Negative
- Share dilution from issuance of 1,400,000 new stock options at strike prices of $0.75 and $0.50
- Increased cash outflow C$100,000 committed over 12 months for external research and analytics services
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2026) - Arya Resources (TSXV: RBZ) ("Arya" or the "Company") is pleased to announce the appointment of Roger B. March, P.Geo., as Executive Vice President, Exploration. Mr. March has served as a director of the Company since January 2026.
Mr. March is a senior exploration and mining executive with more than 30 years of technical and managerial experience advancing mineral projects from grassroots exploration through resource definition, feasibility, permitting and development.
"Roger brings a rare combination of exploration success, resource-growth experience and project-development expertise that is highly relevant to Arya and the Wedge Lake Gold Project," said Rasool Mohammad, President and CEO of Arya Resources. "His contributions to the advancement of McIlvenna Bay and Meadowbank demonstrate the depth of experience he brings to our team. His technical background in iron-formation-hosted gold, together with his extensive Saskatchewan experience, makes him particularly well suited to lead the next stage of exploration at Wedge Lake."
Career highlights include:
Approximately 15 years with Foran Mining Corporation, including 10 years as Vice President, where he contributed to the advancement of the McIlvenna Bay copper-zinc-silver-gold project in Saskatchewan. During his tenure, indicated and inferred mineral resources increased from 12.67 million tonnes to 43.10 million tonnes, and the adjacent Tesla Zone was discovered. Foran was acquired by Eldorado Gold Corporation in April 2026 in a transaction implying an equity value of approximately CAD
$3.8 billion .More than a decade with Cumberland Resources Ltd., where he was part of the team that advanced the Meadowbank Gold Project in Nunavut through pre-feasibility and feasibility studies while its gold resource increased from approximately 800,000 ounces to more than four million ounces. Cumberland was acquired by Agnico Eagle Mines Limited in 2007 in a transaction valued at approximately CAD
$710 million .Extensive technical expertise in iron-formation-hosted gold, Archean lode gold and volcanogenic massive sulphide systems, together with geological modelling, QA/QC, technical reporting and mineral-project permitting in Saskatchewan and Nunavut.
Mr. March holds a Bachelor of Science (Honours) degree in Geology from Memorial University of Newfoundland and is a registered Professional Geoscientist.
Roger March, P.Geo., is the Qualified Person, as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, who has reviewed, verified and approved the technical contents of this news release.
Mr. March has entered into a written employment agreement with the Company providing for a per diem fee and discretionary bonuses if and as determined by the Board of Directors.
The Company has also retained Equinox Analytics Inc. to provide research and analytic services in relation to the Company's market performance, sector-benchmarking and public market sentiment. The engagement has a 12-month term, for consideration of C
The Company further clarifies that the grant of 750,000 options originally announced on February 3, 2026, was delayed but have now been issued, effective immediately. As indicated in the news release, each option is exercisable at a price of
About the Wedge Lake Gold Project
The Wedge Lake Gold Project is located in Saskatchewan's La Ronge Gold Belt. The property hosts gold mineralization associated with sulphide-rich iron formation as well as high-grade orogenic quartz veins. Arya is advancing systematic exploration to evaluate the scale, continuity and relationship of these mineralized systems.
About Arya Resources Ltd.
Arya Resources Ltd. is a Canadian mineral exploration company focused on the exploration and development of its mineral properties in Saskatchewan. The Company's common shares trade on the TSX Venture Exchange under the symbol 'RBZ'.
On behalf of the Board of Directors:
Rasool Mohammad, President and CEO
For more information, please contact:
Arya Resources Ltd.
Rasool Mohammad, President and CEO
E: rasool@aryaresourcesltd.com
T: (604) 868-7737
CHF Capital Markets
Cathy Hume, CEO
E: cathy@chfir.com
T: (416) 868-1079 x 251
Twitter: @ARYARESOURCES
Facebook: @AryaResourcesLtd.
LinkedIn: @AryaResourcesLtd.
YouTube: @ARYARESOURCES
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
This news release includes "forward-looking statements" that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward-looking statements, including, without limitation, any statements concerning the Company's intentions, plans, estimates, expectations or beliefs. Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, including, without limitation to those relating to the Company's future operations and business prospects, are based on assumptions, none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements. Any forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward-looking statements. Except as required by law, the Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314548
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the key terms of Roger March’s employment agreement with Arya Resources?
The employment agreement provides Roger March with a per diem fee structure and discretionary bonuses, which may be awarded if and as determined by Arya Resources’ Board of Directors.
What services will Equinox Analytics provide to Arya Resources and for how long?
Equinox Analytics is engaged for a 12-month term to deliver research and analytic services related to Arya Resources’ market performance, sector benchmarking and public market sentiment. The consideration is C$100,000, and the agreement is subject to TSX Venture Exchange approval.
What are the details of Arya Resources’ previously announced 750,000 stock options?
The company clarified that the 750,000 options originally announced on February 3, 2026, were delayed but have now been issued, effective immediately. Each option is exercisable at $0.75 and expires on February 3, 2029, subject to TSX Venture Exchange approval.
What additional stock options has Arya Resources granted beyond the delayed 750,000 options?
In addition to the 750,000 options, Arya Resources granted 650,000 further options, each exercisable at $0.50 until September 15, 2031. All option grants remain subject to TSX Venture Exchange approval.
Where is the Wedge Lake Gold Project located and what type of mineralization does it host?
The Wedge Lake Gold Project lies in Saskatchewan’s La Ronge Gold Belt. The property hosts gold mineralization associated with sulphide-rich iron formation and high-grade orogenic quartz veins, and Arya is conducting systematic exploration to evaluate the scale, continuity and relationships of these mineralized systems.