VANCOUVER, British Columbia, April 30, 2024 (GLOBE NEWSWIRE) — NorthWest Copper Corp. (TSXV: NWST) (“NorthWest” or the “Company”) is pleased to provide a further update on the Company and announces that Harry Burgess has been appointed as Technical Advisor to the Board effective immediately.
Mr. Burgess, P.Eng., has 44 years of experience in the mining industry. Mr. Burgess was a co-founder of Micon International Limited, in 1988, and now continues, on a part time basis, as an Associate Consultant. Mr. Burgess has been engaged in consulting since 1980, when he joined the staff of David. S. Robertson & Associates. Prior to that time, he gained experience in senior positions in the copper industry of Zambia and gold mining in South Africa. Mr. Burgess serves on Boards and Technical Advisory Committees for public companies and has been a member and Chairman of Audit Committees.
To this end Mr. Burgess will also join Jim Steel on our Technical Committee. The Technical Committee will continue to work with senior management to carry on developing the Company’s technical strategy to ensure that the Company continues to responsibly advance our portfolio of copper-gold projects through well-defined and targeted programs.
Mr. Steel will assume the Chair of the Audit Committee, working with the Chair of the Board and the Chief Financial Officer to continue review of the finance strategy and cost structure of the Company to establish the financial requirements of advancing the Company’s portfolio of projects are met in ways that better align with the interests of the Company, shareholders and local communities.
The Board has established a Committee to evaluate a short list of candidates to interview for the CEO position and the successful candidate is expected to be appointed in the near future.
NorthWest is also announcing that its 2023 AGM will be held on July 25, 2024.
The Company further announces that Braam Jonker and John Theobald have tendered their resignations as directors of the Company, effective April 30, 2024. The Company would like to thank Braam and John for their contributions during their tenure and wish them well in the future.
The Board plans to work closely with our management team, First Nations, local communities, regulatory authorities, and all other stakeholders in an effort to deliver the full potential of the Company’s projects, and to move the Company forward in a sustainable and responsible way. The market will be kept informed through regular communication of progress as NorthWest continues on this chapter of its evolution.
About NorthWest Copper:
NorthWest Copper is a copper-gold explorer with an exciting pipeline of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine and East Niv. With a robust portfolio in a tier one jurisdiction, NorthWest Copper is well positioned to participate fully in a strengthening global copper market. We are committed to responsible mineral exploration which involves working collaboratively with First Nations to ensure future development incorporates stewardship best practices and traditional land use. Additional information can be found on the Company’s website at www.northwestcopper.ca.
On Behalf of the Board of Directors of NorthWest Copper Corp.
“Maryantonett Flumian”
Chair, NorthWest Copper
For further information, please contact:
Lauren McDougall
CFO
604-683-7790
[email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements.
All statements, other than statements of historical fact, included herein, constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, are forward-looking statements. Although NorthWest believes that the expectations reflected in such forward-looking information and/or information are reasonable, undue reliance should not be placed on forward-looking information since NorthWest can give no assurance that such expectations will prove to be correct. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in NorthWest’s periodic filings with Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could cause actual results to differ materially from NorthWest’s expectations include risks associated with the business of NorthWest; risks related to reliance on technical information provided by NorthWest; risks related to exploration and potential development of the Company’s mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in NorthWest’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.com).
Forward-looking information is based on estimates and opinions of management at the date the information are made. NorthWest does not undertake any obligation to update forward-looking information except as required by applicable securities laws. Investors should not place undue reliance on forward-looking information.
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