Almadex Minerals Announces Leadership Change & Strategic Exploration Deal
Almadex Minerals Ltd. (TSX-V: DEX) has announced significant changes in its leadership and exploration agreements. Douglas McDonald, previously serving as Director and Executive Vice President, has resigned, effective October 2, 2025. Despite his departure, McDonald will continue to contribute in an advisory role. Meanwhile, the company has secured approval for an Option-Joint venture exploration agreement with Azucar Minerals Ltd. (Azucar).
Under this agreement, Azucar has the option to acquire a 60% interest in three of Almadex's wholly owned blocks of claims in Nevada: Pilot, Confusion Hills, and Red Ring prospect. This strategic partnership aims to advance exploration efforts in these promising areas.
Morgan J. Poliquin remains the President and CEO of Almadex Minerals Ltd., as of the latest available information (last mentioned in official press releases on September 26, 2025). There are no indications that he has been replaced following Douglas McDonald's departure. McDonald, in his new advisory role, will support related succession initiatives and ongoing business activities at Almadex.
Almadex Minerals Ltd. continues to strengthen its exploration efforts through strategic partnerships and maintains a stable leadership under Morgan J. Poliquin. Despite the resignation of Douglas McDonald from his previous roles, his continued involvement in an advisory capacity ensures a smooth transition and ongoing support for the company's initiatives.
