ValOre Metals Corp. (“ValOre”;
TSX‐V: VO; OTC: KVLQF; Frankfurt:
KEQ0, “the Company”) today announced the appointment of
Darren Klinck to the Board of Directors and Ian Pritchard and Luis
Azevedo as strategic advisors. Brian McMaster and Luis Azevedo have
resigned as Directors. These appointments add significant corporate
and project related experience to the team responsible for
advancing ValOre’s 100%-owned Pedra Branca Platinum Group Elements
(“PGE”) Project in northeastern Brazil.
“With these additions, the growing strength of
ValOre’s team is highly evident. We are very honoured to have
Darren, Ian and Luis fulfilling roles where their respective skills
and expertise will have an immediate tangible impact on the success
of ValOre,” stated Jim Paterson, ValOre’s Chairman and CEO. “We
thank Brian and Luis for their service as board members for the
past two years as representatives of Jangada Mines PLC, a
significant ValOre shareholder. As Jangada advances the
neighbouring Pitombeiras Vanadium Project and Jangada’s
shareholdings in the Company have reduced over time, it now makes
sense for these two gentlemen to step down from ValOre’s Board of
Directors. We look forward to celebrating project-related successes
for both Pedra Branca and Pitombeiras over the coming years as
these will directly benefit the shared local communities.”
Darren Klinck – Director
Mr. Klinck is an accomplished mining executive
with a wide range of management experience working throughout
Australasia & The Americas. He was President & CEO of
Bluestone Resources following the acquisition of the Cerro Blanco
gold project in Guatemala in 2017 where he led the team that
financed and advanced the project through resource expansion,
feasibility and engineering phases of the project development.
Prior to that, Mr. Klinck spent more than ten years with OceanaGold
as a member of the Executive Committee that achieved significant
growth and business expansion to become a multi-mine, international
gold mining company growing from a sub-$100M CAD market
capitalization to greater than $3B CAD market capitalization. At
the end of his tenure there, he was Executive Vice President &
Head of Corporate Development for OceanaGold Corporation
responsible for overseeing the capital markets as well as the
mergers and acquisitions strategy. Over the past 20 years, Mr.
Klinck has been instrumental in negotiating both equity and debt
financing packages totalling more than $800m and has significant
experience leading teams in emerging markets with a strong focus on
Corporate Social Responsibility (CSR) and community engagement
programs as well as extensive government relations activities. He
has a Bachelor of Commerce degree from the Haskayne School of
Business at the University of Calgary.
Ian Pritchard – Advisor
Mr. Pritchard has over 30 years of experience in
project and operations management in the mining industry both in
North America as well as internationally, including, in particular,
Brazil. Mr. Pritchard’s mining experience includes the management
of pre-feasibility and feasibility studies, engineering,
procurement and construction management projects. He has held
senior executive positions at various organizations worldwide
including SNC-Lavalin and De Beers Canada. Importantly for ValOre,
Ian maintains a strong working relationship with ValOre’s team in
Canada and Brazil and serves as an excellent mentor for this
dynamic group as they advance the Pedra Branca project.
Luis Azevedo – Advisor
Mr. Azevedo is a licensed lawyer and geologist
with over 35 years of international experience and over 25 years of
business and mining experience specifically in Brazil.
He is a Managing Partner at FFA Legal Ltda.,
Non-Executive Director of Harvest Minerals, Jangada Mining, GK
Resources and Talon Metals and previously worked for Western Mining
Corporation, Barrick Gold Corporation and Harsco Corporation.
Assembled land packages in Brazil resulting in IPOs of Canadian
companies, including: Rio Verde, Paringa, Avanco, and Beadell.
In 2019, he was appointed Vice President of the
newly formed Mining Council of the National Confederation of
Industry (“CNI”) in Brazil, a major industry association that
includes over 27 federations, and 1,250 unions.
Qualified Person (QP)
The technical information in this news release
has been prepared in accordance with Canadian regulatory
requirements set out in NI 43-101 and reviewed and approved by
Colin Smith, P.Geo., ValOre’s QP and Vice President of
Exploration.
About ValOre Metals Corp.
ValOre Metals Corp.
(TSX‐V: VO) is a
Canadian company with a portfolio of high‐quality exploration
projects. ValOre’s team aims to deploy capital and knowledge on
projects which benefit from substantial prior investment by
previous owners, existence of high-value mineralization on a large
scale, and the possibility of adding tangible value through
exploration, process improvement, and innovation.
In May 2019, ValOre announced the acquisition of
the Pedra Branca Platinum Group Elements property, in Brazil, to
bolster its existing Angilak uranium, Genesis/Hatchet uranium and
Baffin gold projects in Canada.
The Pedra Branca PGE Project comprises 39
exploration licenses covering a total area of 39,987 hectares
(98,810 acres) in northeastern Brazil. At Pedra Branca, 5 distinct
PGE+Au deposit areas host, in aggregate, a current Inferred
Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million
tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23,
2019 news release). All the currently known Pedra Branca inferred
PGE resources are potentially open pittable.
Comprehensive exploration programs have
demonstrated the "District Scale" potential of ValOre’s Angilak
Property in Nunavut Territory, Canada that hosts the Lac 50 Trend
having a current Inferred Resource of 2,831,000 tonnes grading
0.69% U3O8, totaling 43.3 million pounds U3O8. For disclosure
related to the inferred resource for the Lac 50 Trend uranium
deposits, please CLICK HERE for ValOre's news release dated March
1, 2013.
ValOre’s team has forged strong relationships
with sophisticated resource sector investors and partner Nunavut
Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold
Properties. ValOre was the first company to sign a comprehensive
agreement to explore for uranium on Inuit Owned Lands in Nunavut
Territory and is committed to building shareholder value while
adhering to high levels of environmental and safety standards and
proactive local community engagement.
On behalf of the Board of Directors,
“Jim Paterson”
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about, ValOre Metals
Corp. or this news release, please visit our website at
valoremetals.com or contact Investor Relations at 604.653.9464, or
by email at contact@valoremetals.com.
ValOre Metals Corp. is a proud member of
Discovery Group. For more information please visit:
discoverygroup.ca
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.
This news release contains “forward-looking
statements” within the meaning of applicable securities laws.
Although ValOre believes that the expectations reflected in its
forward-looking statements are reasonable, such statements have
been based on factors and assumptions concerning future events that
may prove to be inaccurate. These factors and assumptions are based
upon currently available information to ValOre. Such statements are
subject to known and unknown risks, uncertainties and other factors
that could influence actual results or events and cause actual
results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. A number
of important factors including those set forth in other public
filings could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements include the
future operations of ValOre and economic factors. Readers are
cautioned to not place undue reliance on forward-looking
statements. The statements in this press release are made as of the
date of this release and, except as required by applicable law,
ValOre does not undertake any obligation to publicly update or to
revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise. ValOre
undertakes no obligation to comment on analyses, expectations or
statements made by third parties in respect of ValOre, or its
financial or operating results or (as applicable), their
securities.
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