Rhyolite Resources Announces Resignation of Fred Stanford

TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Rhyolite Resources Ltd. (TSXV: RYE) (“Rhyolite” or the “Company”) announces that the Company has reached a settlement with Fred Stanford who will resign from his duties as Chief Executive Officer and a director of the Company, effective immediately. This follows the decision by the board of directors of the Company to cease further development of the Muckahi Mining System, including releasing all employees previously retained in the further development of the System.

Read more at globenewswire.com