Big Gold Inc. (CSE: BG) (FSE: H7L) has announced with profound sadness the passing of Scott Walters, the Company's President and Chief Executive Officer. The Toronto-based junior mining exploration company disclosed the news on October 14, 2026, in a release that also outlined immediate steps to ensure operational continuity. The Board of Directors has appointed The Honourable Glenn Thibeault as Lead Director effective immediately, and a formal CEO search has been initiated.

Key Points

  • Big Gold Inc. (CSE: BG) (FSE: H7L) announced the passing of President and CEO Scott Walters
  • The Board has appointed current director The Honourable Glenn Thibeault, E.C.O., as Lead Director, effective immediately
  • CFO Alex Pekurar will work alongside Thibeault to oversee day-to-day operations during the transition
  • Investors will be watching for updates on the CEO succession process and ongoing exploration activities at the Martin Kenty and Tabor projects in Ontario

Big Gold Board Responds to Leadership Vacancy with Immediate Continuity Measures

To ensure operational stability following the loss of its chief executive, Big Gold's Board of Directors acted swiftly in accordance with the Company's bylaws. The Honourable Glenn Thibeault, E.C.O., who was already serving as a Board member, has been elevated to the role of Lead Director effective immediately. Chief Financial Officer Alex Pekurar will work alongside Thibeault to manage day-to-day operations. The release states the Board is committed to identifying a qualified successor with the experience and strategic vision to execute the Company's long-term objectives and create sustainable shareholder value.

Thibeault's Tribute to Scott Walters and His Impact on Big Gold

In the announcement, Thibeault described Walters as "an extraordinary person" and a "visionary" whose passion, integrity, and devotion transformed the business and inspired those who worked with him. Speaking on behalf of the entire Board, Thibeault extended deepest sympathies to Walters' family, loved ones, and friends. The Company stated it remains committed to honouring Walters' legacy and pledged to keep shareholders informed on exploration activities, corporate developments, and the progress of the CEO succession process.

Big Gold's Ontario Exploration Projects Remain Central to the Company's Mandate

Big Gold is a junior mining exploration company focused on its Martin Kenty and Tabor projects, both located in Ontario. The Company's stated objective is to acquire and explore early-stage base and precious metal projects, with an openness to considering additional opportunities as they arise. The release confirms the Board intends to keep shareholders updated on exploration and corporate activities, suggesting operations at these projects are expected to continue throughout the leadership transition. The immediate share price impact was not clear from available public information.