VANCOUVER, Dec. 13, 2018 /CNW/ - Boreal Metals
Corporation ("Boreal" or the "Company") (TSXV:BMX) is
pleased to announce the appointment of Thomas Söderqvist as an
independent, non-executive director effective January 1, 2019. Mr. Söderqvist is a mining
professional with over 40 years' of experience in the mining
industry and is currently Senior Vice President of the Boliden
Group ("Boliden") based in Stockholm. He has held management
positions in some of the most important companies in the Swedish
mining industry including Boliden and Sandvik Mining and
Construction ("Sandvik"). Mr. Söderqvist's extensive
knowledge of the Scandinavian mining industry and his vast network
will bring a regional advantage to Boreal and support the Company's
strategic and exploration objectives.
"On behalf of the Board, I am delighted to welcome Thomas
Söderqvist to Boreal. We continue to build a strong board
with a combination of skills and expertise that will help achieve
the Company's strategic goals," stated Karl Antonius, President
and CEO. "Thomas has extensive experience in Scandinavia
with a unique network and strong relationships in the mining
industry that will assist Boreal as we continue to implement our
development strategy."
Mr. Söderqvist started his career in mining at age 18 with the
Swedish mining company Boliden where he worked as an underground
miner. After studies, he continued with Boliden and worked
his way up to the position of underground manager. He joined
Sandvik and participated actively in Sandvik's acquisition of
Tamrock which formed a new global equipment company in hard rock
mining. During the Sandvik years, he spent five years
managing the Canadian operations based out of Sudbury, Ontario. He then went on to
manage Sandvik's mining and construction business in northern,
central and eastern Europe for six
years and was promoted to Senior Vice President for Sandvik Mining
and Construction. Mr. Södervqist re-joined Boliden in 2012 as
the General Manager of the Skelleftea field mines, and after four
years was promoted to Senior Vice President of Boliden based
in Stockholm. Mr. Söderqvist will from January 1, 2019 hold a position as Senior Advisor
to the CEO of Boliden on a part time basis.
About Boreal Metals Corporation
Boreal is a mineral exploration company focused on the discovery
of zinc, copper, silver, gold and cobalt deposits in exceptional,
historical mining project areas spanning Sweden and Norway. The Company aims to discover new
economic mineral deposits in known mining districts that have seen
little or no modern exploration techniques. The Company is
led by an experienced management team and technical team, with
successful track records in mineral discovery, mining development
and financing.
On behalf of Boreal Metals Corporation
Karl Antonius, President
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 Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed
"forward‐looking statements". Forward‐looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Although Boreal believes
the expectations expressed in such forward‐looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward‐looking statements. Such material risks and
uncertainties include, but are not limited to, Boreal's ability to
raise sufficient capital to fund its obligations under its property
option agreements, to maintain its mineral tenures and concessions
in good standing, to explore and develop its projects, to repay its
debt and for general working capital purposes; changes in economic
conditions or financial markets; the ability of Boreal to obtain
the necessary permits and consents required to explore, drill and
develop the projects and if obtained, to obtain such permits and
consents in a timely fashion relative to Boreal plans and business
objectives for the projects; the general ability of Boreal to drill
test its projects and find mineral resources; if any mineral
resources are discovered or acquired, the Company's ability to
monetize any such mineral resources; and changes in environmental
and other laws or regulations that could have an impact on the
Company's operations. Forward‐looking statements are based on the
reasonable beliefs, estimates and opinions of Boreal management on
the date the statements are made. Except as required by law, Boreal
undertakes no obligation to update these forward‐looking statements
in the event that management's beliefs, estimates or opinions, or
other factors, should change.
SOURCE Boreal Metals