VANCOUVER, BC, March 17, 2022 /CNW/ - TinOne Resources
Inc. (TSXV: TORC) ("TinOne" or the
"Company") is pleased to announce the appointments of
Paul Matysek and Craig Parry to the Company's Technical Advisory
Board.
Mr. Matysek and Mr. Parry will join Dr. Stuart Smith and Dr. Scott Halley on the Technical Advisory Board and
will provide TinOne's executive team and board of directors with
insight and recommendations on project development and strategic
goals as the Company prepares to commence field work at its Great
Pyramid and Aberfoyle tin projects
in Tasmania, Australia.
"On behalf of the Board, I would like to welcome Paul and
Craig as the latest members of TinOne's Technical Advisory
Board," commented Chris
Donaldson, TinOne's Executive Chairman. "Paul and Craig
each bring with them decades of experience in exploration and
project development and have proven track records of success in
capital markets and creating shareholder value. The newly
formed Technical Advisory Board will be a tremendous asset to
TinOne as we prepare to undertake aggressive exploration programs
at our Great Pyramid and Aberfoyle
tin projects."
Paul Matysek
Paul Matysek is a
geologist/geochemist by training, a successful alpha entrepreneur
and consistent creator of shareholder value with over 40 years of
experience in the mining industry. Since 2004, as either CEO or
Executive Chairman, Mr. Matysek has sold six publicly listed
mineral exploration and development companies, in aggregate worth
over $2.5 billion.
Most recently in June 2021, as
Chief Executive Officer, he sold Gold X Mining Corp. to Gran
Colombia Gold Corp. for over $250
million in an all-share transaction. In March 2018, as Executive Chairman, he sold
Lithium X Energy Corp. to Nextview New Energy Lion Hong Kong
Limited for $265 million in cash.
Earlier, in July 2016, Mr. Matysek,
as President and CEO, sold Goldrock Mines Corp. to Fortuna Silver
Mines Inc. He was also previously CEO of Lithium One Inc., which
merged with Galaxy Resources Limited of Australia to create a multi-billion-dollar
integrated lithium company. He served as CEO of Potash One Inc.,
which was acquired by K+S Ag for $434-million cash in a friendly takeover in 2011.
Mr. Matysek was also the co-founder and CEO of Energy Metals Corp.,
a uranium company that grew from a market capitalization of
$10 million in 2004 to approximately
$1.8 billion when sold in 2007.
Craig Parry
Craig Parry has over 20 years in
the resources sector, and is a co-founder and Partner of Inventa
Capital, a private natural resource investment company. In
addition to being a Partner of Inventa Capital, Craig is the
Chairman of Vizsla Silver, Skeena Resources, and is a General
Partner of EMR Capital and a former senior advisor to the fund.
Prior to Inventa Capital, Craig was a co-founder and founding
director of NexGen Energy and was co-founder of IsoEnergy as its
President, CEO and Director until 2021. He was a co-founder
of the Tigers Realm Group and was appointed to the Boards of Tigers
Realm Minerals and Tigers Realm Metals in 2011 and appointed CEO of
Tigers Realm Coal in 2012. Craig, as an exploration and
business development geologist, was responsible for the business
development activities of the Tigers Realm Group since inception in
2008.
Prior to joining Tigers Realm, Craig was the Business
Development Manager for G-Resources Limited responsible for mergers
and acquisitions and Principal Geologist - New Business at Oxiana
Limited responsible for strategy and business development
initiatives in bulk and energy commodities. At Rio Tinto, Craig led
exploration programs for iron ore, copper, diamonds, coal and
bauxite in Australia, Asia and South
America and was Principal Geologist for the Kintyre Uranium
project pre-feasibility study. Craig holds an Honours Degree in
Geology and is a Member of the AusIMM.
Stock Option Grant
The Company also announces that it has granted 175,000 incentive
stock options to a director and a consultant of the Company. The
incentive stock options will vest over a period of three years,
have an exercise price of $0.27 per
share, and are valid for a 5-year period from the date of
grant. The options were granted pursuant to the Company's
incentive stock option plan and are subject to regulatory
approval.
About TinOne
TinOne is a TSX Venture listed Canadian public company with a
high-quality portfolio of tin and gold projects in the Tier 1
mining jurisdictions of Tasmania
and New South Wales, Australia.
The Company is focussed on advancing its highly prospective
portfolio through aggressive exploration programs.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "Forward–Looking
Statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward–looking
information" under applicable Canadian securities laws. When used
in this news release, the words "anticipate", "believe",
"estimate", "expect", "target", "plan", "forecast", "may", "would",
"could", "schedule" and similar words or expressions, identify
forward–looking statements or information. These forward–looking
statements or information relate to, among other things: the
development of the Company's projects, including drilling programs
and mobilization of drill rigs; future mineral exploration,
development and production; and completion of a maiden drilling
program.
Forward–looking statements and forward–looking information
relating to any future mineral production, liquidity, enhanced
value and capital markets profile of TinOne, future growth
potential for TinOne and its business, and future exploration plans
are based on management's reasonable assumptions, estimates,
expectations, analyses and opinions, which are based on
management's experience and perception of trends, current
conditions and expected developments, and other factors that
management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions
have been made regarding, among other things, the price of gold and
other metals; no escalation in the severity of the COVID-19
pandemic; costs of exploration and development; the estimated costs
of development of exploration projects; TinOne's ability to operate
in a safe and effective manner and its ability to obtain financing
on reasonable terms.
These statements reflect TinOne's respective current views
with respect to future events and are necessarily based upon a
number of other assumptions and estimates that, while considered
reasonable by management, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. Many factors, both known and unknown, could
cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or
may be expressed or implied by such forward–looking statements or
forward-looking information and TinOne has made assumptions and
estimates based on or related to many of these factors. Such
factors include, without limitation: the Company's dependence on
early stage mineral projects; metal price volatility; risks
associated with the conduct of the Company's mining activities in
Australia; regulatory, consent or
permitting delays; risks relating to reliance on the Company's
management team and outside contractors; risks regarding mineral
resources and reserves; the Company's inability to obtain insurance
to cover all risks, on a commercially reasonable basis or at all;
currency fluctuations; risks regarding the failure to generate
sufficient cash flow from operations; risks relating to project
financing and equity issuances; risks and unknowns inherent in all
mining projects, including the inaccuracy of reserves and
resources, metallurgical recoveries and capital and operating costs
of such projects; contests over title to properties, particularly
title to undeveloped properties; laws and regulations governing the
environment, health and safety; the ability of the communities in
which the Company operates to manage and cope with the implications
of COVID-19; the economic and financial implications of COVID-19 to
the Company; operating or technical difficulties in connection with
mining or development activities; employee relations, labour unrest
or unavailability; the Company's interactions with surrounding
communities and artisanal miners; the Company's ability to
successfully integrate acquired assets; the speculative nature of
exploration and development, including the risks of diminishing
quantities or grades of reserves; stock market volatility;
conflicts of interest among certain directors and officers; lack of
liquidity for shareholders of the Company; litigation risk; and the
factors identified under the caption "Risk Factors" in TinOne's
management discussion and analysis. Readers are cautioned against
attributing undue certainty to forward–looking statements or
forward-looking information. Although TinOne has attempted to
identify important factors that could cause actual results to
differ materially, there may be other factors that cause results
not to be anticipated, estimated or intended. TinOne does not
intend, and does not assume any obligation, to update these
forward–looking statements or forward-looking information to
reflect changes in assumptions or changes in circumstances or any
other events affecting such statements or information, other than
as required by applicable law.
SOURCE TinOne Resources Inc.