NorthWest Copper Corp. (TSXV: NWST) (“NorthWest” or the “Company”)
is pleased to provide a further update on the Company and announces
that Harry Burgess has been appointed as Technical Advisor to the
Board effective immediately.
Mr. Burgess, P.Eng., has 44 years of experience
in the mining industry. Mr. Burgess was a co-founder of Micon
International Limited, in 1988, and now continues, on a part time
basis, as an Associate Consultant. Mr. Burgess has been engaged in
consulting since 1980, when he joined the staff of David. S.
Robertson & Associates. Prior to that time, he gained
experience in senior positions in the copper industry of Zambia and
gold mining in South Africa. Mr. Burgess serves on Boards and
Technical Advisory Committees for public companies and has been a
member and Chairman of Audit Committees.
To this end Mr. Burgess will also join Jim Steel
on our Technical Committee. The Technical Committee will continue
to work with senior management to carry on developing the Company’s
technical strategy to ensure that the Company continues to
responsibly advance our portfolio of copper-gold projects through
well-defined and targeted programs.
Mr. Steel will assume the Chair of the Audit
Committee, working with the Chair of the Board and the Chief
Financial Officer to continue review of the finance strategy and
cost structure of the Company to establish the financial
requirements of advancing the Company’s portfolio of projects are
met in ways that better align with the interests of the Company,
shareholders and local communities.
The Board has established a Committee to
evaluate a short list of candidates to interview for the CEO
position and the successful candidate is expected to be appointed
in the near future.
NorthWest is also announcing that its 2023 AGM
will be held on July 25, 2024.
The Company further announces that Braam Jonker
and John Theobald have tendered their resignations as directors of
the Company, effective April 30, 2024. The Company would like to
thank Braam and John for their contributions during their tenure
and wish them well in the future.
The Board plans to work closely with our
management team, First Nations, local communities, regulatory
authorities, and all other stakeholders in an effort to deliver the
full potential of the Company’s projects, and to move the Company
forward in a sustainable and responsible way. The market will be
kept informed through regular communication of progress as
NorthWest continues on this chapter of its evolution.
About NorthWest
Copper:NorthWest Copper is a copper-gold explorer with an
exciting pipeline of advanced and early-stage projects in British
Columbia, including Kwanika-Stardust, Lorraine and East Niv. With a
robust portfolio in a tier one jurisdiction, NorthWest Copper is
well positioned to participate fully in a strengthening global
copper market. We are committed to responsible mineral exploration
which involves working collaboratively with First Nations to ensure
future development incorporates stewardship best practices and
traditional land use. Additional information can be found on the
Company’s website at www.northwestcopper.ca.
On Behalf of the Board of Directors of
NorthWest Copper Corp.“Maryantonett Flumian”Chair,
NorthWest Copper
For further information, please
contact:Lauren
McDougallCFO604-683-7790info@northwestcopper.ca
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 Statement Regarding
Forward-Looking Information
This news release contains “forward-looking
information” within the meaning of applicable securities laws. All
statements, other than statements of historical fact, are
forward-looking statements and are based on expectations, estimates
and projections as at the date of this news release. Any statement
that involves discussion with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often, but not always using phrases such as
“plans”, “expects”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates”, or “believes”
or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved)
are not statements of historical fact and may be forward-looking
statements.
All statements, other than statements of
historical fact, included herein, constitutes forward-looking
information. Forward-looking statements are often, but not always,
identified by the use of words such as “seek”, “anticipate”,
“believe”, “plan”, “estimate”, “expect” and “intend” and statements
that an event or result “may”, “will”, “should”, “could” or “might”
occur or be achieved and other similar expressions. All statements,
other than statements of historical fact, included herein, are
forward-looking statements. Although NorthWest believes that the
expectations reflected in such forward-looking information and/or
information are reasonable, undue reliance should not be placed on
forward-looking information since NorthWest can give no assurance
that such expectations will prove to be correct. Forward-looking
information involves known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
information, including the risks, uncertainties and other factors
identified in NorthWest’s periodic filings with Canadian securities
regulators. Forward-looking information are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those
contained in the forward-looking information. Important factors
that could cause actual results to differ materially from
NorthWest’s expectations include risks associated with the business
of NorthWest; risks related to reliance on technical information
provided by NorthWest; risks related to exploration and potential
development of the Company’s mineral properties; business and
economic conditions in the mining industry generally; fluctuations
in commodity prices and currency exchange rates; uncertainties
relating to interpretation of drill results and the geology,
continuity and grade of mineral deposits; the need for cooperation
of government agencies and First Nation groups in the exploration
and development of properties and the issuance of required permits;
the need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs and
uncertainty of meeting anticipated program milestones; uncertainty
as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time and
additional risks identified in NorthWest’s filings with Canadian
securities regulators on SEDAR+ in Canada (available at
www.sedarplus.com).
Forward-looking information is based on
estimates and opinions of management at the date the information
are made. NorthWest does not undertake any obligation to update
forward-looking information except as required by applicable
securities laws. Investors should not place undue reliance on
forward-looking information.
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