Montreal, March 17, 2026 – Torngat Metals, a Canadian rare earth development company, today announced that its Board of Directors has appointed Maryse Bélanger, the Chair of the Board, as Interim Chief Executive Officer, as Yves Leduc has decided to step down as Chief Executive Officer.
Ms. Bélanger, who has been a member of the Board since July 2025 and was appointed Chair in October 2025, is a highly recognized mining executive with over 35 years of experience leading global mining companies.
Mr. Leduc, who assumed the CEO role in March 2025, provided leadership that expertly positioned the Strange Lake Project as one of the world’s premier rare earth developments. Under his oversight, the Company also completed a feasibility study on the Strange Lake Project, paving the way for its entry into the critical development phase.
“On behalf of the Board, we thank Yves for his steady leadership and vision over the past year,” said Ms. Bélanger, Chair of the Board. “We are confident that Torngat Metals will continue to build on this momentum as the Company moves from study to development with the Strange Lake Project representing a significant opportunity in the global rare earths market.”
“It has been a privilege to lead Torngat Metals during this transformative period,” said Mr. Leduc. “I am proud of what our team has accomplished at the Strange Lake Project and am confident the Company is well-positioned for the next chapter of its development.”
The Board will be commencing a search process to identify a permanent Chief Executive Officer of Torngat Metals. Mr. Leduc has indicated to the Company that he will remain available to ensure a smooth transition over the next six months.
About Torngat Metals Ltd.
Torngat Metals is a privately held Canadian company working to develop the Strange Lake project and supply responsibly produced rare earth elements used in high-technology and low-carbon-emission solutions. With operations in Quebec and Newfoundland and Labrador, the company aims to become an internationally recognized source of light rare earths and a world leader in resolving the heavy rare earths supply crisis, particularly dysprosium and terbium. Seeking to build solid partnerships with Inuit, First Nations and local communities, complemented by state-of-the-art engineering and new approaches to minimizing environmental impacts, Torngat Metals aims to play a key role in the global transition to clean energy. Learn more at www.torngatmetals.com.