Fireweed Announces New Director Adding Governance and Corporate Strength
September 22 2022 - 7:30AM
FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ;
OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to
announce the appointment of Jill Donaldson to the Board of
Directors.
Ms. Donaldson is a senior corporate and
securities lawyer with extensive experience working with boards in
mergers and acquisitions, capital markets, strategic planning and
implementation, governance and stakeholder relations, and
compliance and risk management. Jill holds her ICD.D designation
from the Institute of Corporate Directors and is a director of
Prospera Credit Union and Chair of its Governance and Nominations
Committee and member of its Business Transformation Committee and
is also a director of Canuck Place Children’s’ Hospice. Jill was a
director of Great Bear Royalties Corp. and Chair of its Special
Committee with respect to its recent acquisition by Royal Gold. As
an independent director, Jill brings significant governance and
transactional experience as well as risk management experience, a
strategic mindset and financial acumen.
CEO Statement“We extend a warm welcome to Jill
as she joins our already strong Board,” said Brandon Macdonald,
CEO. “Her experience in governance, strategic planning, and
corporate transactions will make Fireweed a stronger and better
company for all stakeholders as we continue to advance our large
Critical Minerals projects.”
Stock Option GrantIn connection with this
appointment and pursuant to the Company stock option plan, the
Board has granted to Ms. Donaldson a total of 190,000 stock options
priced at $0.59 per share for a five-year term.
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
nearing completion 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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