Challenger Exploration

Appointment of New York-Based Director

Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce the appointment of Mr Pini Althaus as a Non-Executive Director of the Company.


Mr Althaus is based in New York and has been an Executive in the mining and resource sector since 2002. Pini was most recently the Founder and Chief Executive Officer of USA Rare Earth, which acquired and developed the Round Top heavy rare earth and critical minerals project in Texas.

As CEO Pini transformed USA Rare Earth from a resource startup to one of the highest-valued rare earth companies in North America. Under his tenure, USA Rare Earth opened the first rare earth and critical minerals processing facility in North America, located in Colorado, and acquired the only neodymium- iron-boron (NdFeB) permanent magnet manufacturing system in the Americas, formerly owned and operated in North Carolina by Hitachi Metals America, Ltd.

Additionally, Mr Althaus has experience in the gold sector as the former founder and CEO of Dominion Minerals Corp, which acquired and developed the Cerro Corcha Gold / Copper project in Panama. During his tenure as CEO, Dominion defined a significant open-ended gold and copper deposit with a project NPV in excess of US$500 million.

During this time as a leading mining executive, Pini has built a strong network in the North American investment community, with this network including many of the leading US Family Offices, US and Canadian Investment Funds, and US and Canadian Investment Banks. Additionally, Mr Althaus has made numerous appearances as a critical minerals expert on news outlets including, The New York Times, FOX, WSJ, Financial Times, CNBC, Forbes, and the Global Times, and continues to be an ongoing contributor to these outlets.

Mr Althaus' role is to introduce Challenger into this network and provide the Company with an ongoing presence in the North American market as it transitions from an explorer to a developer.

Commenting on his appointment Mr Althaus said:

“As an early investor and long-time shareholder of Challenger, I have watched the company progress from its first drill hole at Hualilan to a 2 million ounce MRE, which is still growing into what appears to be a world-class asset. I am also excited by the results that I have seen come out of El Guayabo in Ecuador, and I look forward to seeing a maiden MRE.

My personal belief based on several factors, including the aim to become a significant low-cost gold producer, what the Company is currently valued at and as Challenger transitions from explorer to developer, the time is right to introduce the Company to the North-American investment community which intuitively understands South American mining opportunities.


Click here for the full ASX Release

This article includes content from Challenger Exploration, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Quimbaya logo (CNW Group/Quimbaya Gold Inc.)

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Investors interested in attending the VRIC can register here: https://cambridgehouse.com/vancouver-resource-investment-conference . Quimbaya invites attendees to visit us at Booth 704 where they will have the opportunity to engage directly with the Company's management team and learn more about Quimbaya's exploration activities.

"We're excited to join VRIC 2025, one of the premier events for investors and resource enthusiasts," said Alexandre P. Boivin President and CEO of Quimbaya Gold.  "This conference is our springboard into our most active year ever on our quest to make the next great gold discovery in one of the best gold rich districts on the planet."

About Quimbaya

Quimbaya is active in the exploration and acquisition of mining properties in the prolific mining districts of Colombia . Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Department, Colombia .

Quimbaya Gold Inc. 
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Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "should" or "would" or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company's securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company's business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

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