Kat Exploration Inc (OTCMKTS:KATX) announced the appointment of DR. Geoffrey R Wilson as CSO to its Board of Directors. He has extensive experience in the mining industry. He is an MBA from Pepperdine University, California. He completed his Ph.D. in Chemistry, Catalysis from The University of Hull, England. He became President/CEO of Mystic Metals Inc and Coalstar Inc in 2007 and 2009 respectively.
Kat Exploration Inc (OTCMKTS:KATX) appointed Wilson as CSO due to his exposure to the mining industry. He served as President of Katalistiks Inc from December, 1981 to December, 1983. It was a grass roots start up manufacturer and developer of fluid cracking catalyst for refining segment. He successfully formed a new catalyst firm within the budget of $45 million. The project included construction of a new facility, a new Research and development lab, and the staffing of research, technical, support and sales services of 140 personnel. The operating and capital budget approached $100 million per year.
Wilson achieved sales of $40 million in the first year. It launched new manufacturing processes and products which formed growth base for the company. It was later on acquired by Union Carbide Corporation. Wilson is the owner and President of Wilson & Associates, a consulting group that evaluates potential acquisitions and provides services in different dimensions.
The management view
Ken Stead, the CEO and President of Kat Exploration Inc (OTCMKTS:KATX) said that it is exciting to have Dr. Wilson on company’s board. His knowledge and experience will help Kat Exploration strategize future events. The company is in the process of becoming a fully reporting firm. There is a major express interest in company’s Rusty Ridge-REE and Deer Harbor copper property. The work is going on to locate a new copper discovery. The team will be staking a large land package deal in the coming weeks. The company is looking for new acquisition for expanding its operations.