Young to lead Superior Lake

Former Vimy Resources boss Mike Young has been appointed to lead Superior Lake Resources through the ASX-listed company’s planned clean energy transition.

Mr Young joins Superior Lake as managing director, following a seven-year stint with Vimy during which time he led the uranium hopeful through a rebranding and corporate restructure, as well as through a definitive feasibility study for its $393 million Mulga Rock asset in Western Australia.

Mr Young departed the company in August and joined Canada-based Standard Uranium as a non-executive director at the start of November.

Two more directors have left Vimy since his departure.

Mr Young is also the former managing director of BC Iron, which he founded in 2013, and the former chairman of Cassini Resources (now part of South Australia’s OZ Minerals).

His appointment comes as Superior Lake progresses its acquisition of privately held Bristol Springs Solar, the owner of a 105-megawatt solar farm development southeast of Perth.

The project is well advanced, Superior Lake says, with studies completed and a development site cleared, as well as a development application submitted for approval.

Construction is expected to start in 2022.

“To attract someone of Mike’s calibre is testament to the strategy and ambition the company has to quickly become a leader in the Western Australian clean energy sector,” Superior Lake non-executive chairman Grant Davey said of Mr Young’s appointment.

Clean energy has been a passion of his for the past decade, Mr Young said, adding the state government is encouraging the development of renewable energy projects in the South West.

“We are strategically located directly adjacent to accessible power infrastructure and importantly, surrounded by potential customers,” Mr Young, also a past Minerals Council board member, said.

Superior Lake, whose main asset is its namesake zinc project in Canada, expects the Bristol Springs acquisition to be finalised in January, with a shareholder meeting scheduled for that month.

The company's shares will remain suspended from trading until then.

Superior Lake last traded at 13 cents a share.