Fireweed Announces New Director and Grant of Stock Options
September 06 2022 - 07:30AM
FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ;
OTCQB: FWEDF) is pleased to announce the appointment of Peter
Hairsine to the Board of Directors and the grant of stock options.
New DirectorMr. Hairsine is an asset development specialist with
more than 20 years of experience in mining and resources and a
representative of Fireweed’s large shareholder, Ibaera
Capital. He has a Bachelor of Engineering (Mechanical) and a
Bachelor of Commerce from the University of Western
Australia. He is a former Project Study Manager and
Manager of Business Development for Fortescue Metals and
Study Manager at WorleyParsons. Mr. Hairsine is currently a
partner in Ibaera Capital, a private equity fund that specialises
in future facing minerals investment. He is part of Ibaera’s
Investment Committee, serves on the boards of two privately held
companies and is currently the Investment Manager for all of
Ibaera’s assets. Mr. Hairsine brings his
experience of all aspects of project development from
exploration to construction, operations and business
improvement; as well as a diverse set of mineral commodities.
He has been responsible for a number of large project studies
in the Australian and International minerals sector;
utilizing a total project approach by integrating geology, mining,
process and infrastructure inputs to maximize the value of
projects. He combines this with an excellent appreciation of
the key commercial and financial requirements to ensure a
successful project.
CEO StatementFireweed CEO Brandon Macdonald stated: “The
addition of Mr. Hairsine brings wide experience with major project
development to our already strong Board. With Fireweed’s rapid
growth into a leading critical minerals development company, we
expect he will be a key contributor to advancing our world class
zinc and tungsten projects.”
Stock Option Grants
The Company announces that it is granting,
pursuant to its stock option plan, a total of 3,950,000 stock
options exercisable at a price of $0.55 per share for a five-year
term. Management, staff and consultants are being granted 2,860,000
stock options, and non-management directors are being granted
1,090,000 stock options.
About Fireweed Metals Corp. (TSXV: FWZ;
OTCQB: FWEDF; FSE:20F): Fireweed Metals is a public
mineral exploration company on the leading edge of Critical
Minerals project development. The Company has three projects
located in northern Canada:
Macmillan Pass Zinc-Lead-Silver Project:
Fireweed owns 100% of the district-scale 940 km2 Macmillan
Pass Project in Yukon, Canada, one of the largest undeveloped zinc
projects in the world. The project is host to the Tom and Jason
zinc-lead-silver deposits with current Mineral Resources and a PEA
economic study (see Fireweed news releases dated 10th January 2018,
and 23rd May 2018, respectively, and reports filed
on www.sedar.com for details), as well as the Boundary
Zone, Boundary West Zone, Tom North subzone and End Zone which have
significant zinc-lead-silver mineralization drilled but not yet
classified as mineral resources. The project also includes large
blocks of adjacent claims with known showings and significant
upside exploration potential. The large 2022 drilling program is
underway with four drills; results will inform new and updated
mineral resources this winter.
Mactung Tungsten Project: The Company has a
binding Letter of Intent to acquire 100% interest in the 37.6 km2
Mactung Tungsten Project located adjacent to the Macmillan Pass
Project and accessed by the same road. It contains historic
resources that make it one of the largest and highest-grade
undeveloped tungsten resources in the world. Located in Canada, it
is one of the rare large tungsten resources outside of China. Due
diligence and validation work on historic data is underway which
will support a new mineral resource estimate.
Gayna River Zinc-Gallium-Germanium Project:
Fireweed has 100% of the 128.75 km2 Gayna River project located 180
kilometres north of the Macmillan Pass project. It is host to
extensive critical minerals mineralization including zinc, gallium
and germanium as well as lead and silver, outlined by 28,000 metres
of historic drilling and significant upside potential. The 2022
work program consists of an airborne LiDAR topography survey,
ground geophysics survey and historic data compilation.
In Canada, Fireweed (TSXV: FWZ) trades on the TSX Venture
Exchange. In the USA, Fireweed (OTCQB: FWEDF) trades on the OTCQB
Venture Market for early stage and developing U.S. and
international companies and is DTC eligible for enhanced electronic
clearing and settlement. The Company is current in its reporting,
and undergoes an annual verification and management certification
process. Investors can find Real-Time quotes and market information
for the Company on www.otcmarkets.com. In Europe, Fireweed (FSE:
20F) trades on the Frankfurt Stock Exchange.
Additional information about Fireweed and its projects can be
found on the Company’s website at www.FireweedMetals.com and
at www.sedar.com.
ON BEHALF OF FIREWEED METALS
CORP.
“Brandon Macdonald”
CEO & Director
Neither the 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 Statements
Forward Looking StatementsThis news release may
contain “forward-looking” statements and information relating to
the Company and its projects that are based on the beliefs of
Company management, as well as assumptions made by and information
currently available to Company management. Such statements reflect
the current risks, uncertainties and assumptions related to certain
factors including but not limited to, without limitations,
exploration and development risks, expenditure and financing
requirements, general economic conditions, changes in financial
markets, the ability to properly and efficiently staff the
Company’s operations, the sufficiency of working capital and
funding for continued operations, title matters, First Nations
relations, operating hazards, political and economic factors,
competitive factors, metal prices, relationships with vendors and
strategic partners, governmental regulations and oversight,
permitting, seasonality and weather, technological change, industry
practices, and one-time events. Should any one or more risks or
uncertainties materialize or change, or should any underlying
assumptions prove incorrect, actual results and forward-looking
statements may vary materially from those described herein. The
Company does not undertake to update forward‐looking statements or
forward‐looking information, except as required by law.
Contact:Brandon MacdonaldPhone: (604) 646-8361
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