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Trinex Minerals Limited (ASX: TX3) (Trinex Minerals or the Company) is pleased to announce that its wholly-owned Canadian subsidiary, Trinex Lithium Ltd (Trinex Canada), has executed a binding Letter of Intent (LOI) with TSX-V listed ALX Resources Corporation (TSX-V: AL) (ALX) in relation to the acquisition by Trinex Canada of up to a 75% interest in the Gibbons Creek Uranium Project in Northern Saskatchewan by way of an option and earn-in arrangement (Gibbons Creek Earn-In).
Key Points:
- Option to acquire an initial 51% interest in the highly prospective Gibbons Creek Uranium Project in the Athabasca Basin, Northern Saskatchewan, Canada, with the potential to increase to a 75% interest.
- Project fully permitted for exploration drilling with three high priority target areas identified for immediate follow-up work and drilling.
- Exclusivity for 90-day period to negotiate and finalise definitive agreements for an option/earn-in agreement.
- Firm commitments received from sophisticated and institutional investors for a placement to raise A$1.25 million (before costs), giving the Company a cash balance of over A$4 million at settlement.
- Funds raised will be used towards exploration at Gibbons Creek Uranium Project.
The Company is also pleased to announce that it has received firm commitments from Australian and overseas institutional and sophisticated investors (including certain Directors of the Company) to raise approximately A$1.25 million (before costs) under a oversubscribed placement of 250,000,000 fully paid ordinary shares (Shares) at an issue price of A$0.005 per share (Placement) to fund exploration at Gibbons Creek during the first year of the earn-in period.
Further details in relation to the Gibbons Creek Uranium Project, the Gibbons Creek Earn-In and the Placement are set out below.
Trinex Minerals’ Managing Director, Will Dix said:
“The Athabasca Basin is an outstanding jurisdiction for uranium deposits and Trinex is delighted to gain exposure in this world class region.
“This earn-in represents a unique opportunity to gain further exposure to energy minerals in Canada, to complement our existing portfolio of prospective lithium projects in the Northwest Territories. With the on- ground assistance of our major shareholder, Dahrouge Geological Consulting, we are excited to bring local exploration expertise to unlock the value of this new asset.
“The funds realised from the placement will enable the Company to conduct exploration activities for the first year on this advanced project. Three target areas have already been identified and an ALX drilling program will commence in March, after which point Trinex will lead exploration activities.
“I would like to thank our shareholders for their ongoing support and look forward to providing updates from the drill program as we make progress.”
Gibbons Creek Uranium Project
The Gibbons Creek Uranium Project (Project) comprises eight mineral dispositions covering an area of 139km2. The Project is located on the northern flank of the highly prospective Athabasca Basin in Northern Saskatchewan, home to all of Canada’s operating uranium mines and mills (see Figure 1 and Annexure A).
The Project offers immediate walk-up drilling opportunities (see Figure 2) with the first program to commence in March 2024 at the Airstrip Prospect. In this target area, ALX has planned up to six holes for around 1,200m to test unconformity-type and basement-hosted uranium mineralisation in the eastern part of the Project. This drilling follows up anomalous uranium mineralisation in previous drilling (discussed below). Mobilisation of equipment and personnel is planned for the first week of March with drilling scheduled to commence on or around March 7.
In addition, previously acquired geophysical data will be re-processed where appropriate using modern processing algorithms to ensure all material information is extracted to optimise exploration potential. A reassessment of geophysical requirements will then be made to address whether any additional data should be acquired in the vicinity of key target areas.
Figure 1 – Athabasca Basin showing the location of the Gibbons Creek Uranium Project and existing uranium mines and deposits.
Gibbons Creek Uranium Project – Background and Historical Activities
Sporadic exploration has occurred in the Athabasca Basin since the first discovery of uranium there in the 1970s. Since discovery and production commenced in 1975, the basin has produced over 900 million pounds of U3O8 and is today the location of the only operating uranium mines in Canada (Cigar Lake and McArthur River) (see Figure 1).
At Gibbons Creek, exploration for uranium first commenced in the 1970s and over the following two decades a number of geophysical surveys and shallow drilling programs were completed. Notably, Eldorado Nuclear completed 23 drill holes during the 1980s in the northern part of the project which broadly intersected weakly anomalous uranium close to or on the contact between the overlying Athabasca Basin sandstone and underly mesoproterozoic rocks of the Tantato domain. Eldorado also noted the presence of radioactive boulders on the project, however their provenance is unknown at this stage.
Between 1986 and 2005 very little work was completed with the exception of one airborne EM (GeoTEM) survey and one ground EM (ProTEM) survey and a single gravity profile completed by Uranium Power in 1999 across what is now the southern section of the Gibbons Creek Project. Publicly available reports lodged with the Government of Saskatchewan state that the Fixed Loop survey returned “encouraging results” due to the presence of conductors interpreted to be “graphitic basement rocks”, however the conductors remain completely untested by drilling and require further work.
More recently, work has concentrated in the “Airstrip Zone” close to the community of Stony Rapids where a number of small scale, targeted gravity and Z-TEM surveys were completed between 2013 and 2017 by Lakeland Resources1 and ALX, with some data from the Z-TEM survey considered unusable due to uncertainties around georeferencing for locations.
In addition to the geophysics surveys, a small number of drillholes were completed in 2015 (18 holes) by Lakeland Resources and in 2022 (3 holes) by ALX. Two holes that intersected anomalous uranium include GC15-02 (drilled by Lakeland Resources) and GC22-02 (drilled by ALX). Both holes intersected anomalism on the unconformity between the Athabasca Sandstone and the basement and are associated with a graphitic unit. Of note, GC15-02 also intersected strongly anomalous boron within the graphitic schist on the unconformity. Boron is often used as the main pathfinder mineral to uranium mineralisation in the Athabasca. The location of these drill holes, as well as the target areas for the 2024 drill campaign, are shown in Figure 2. Figures 3 and 4 show strip logs of holes GC15-02 and GC22-02 with various elements shown.
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This article includes content from Trinex Minerals, 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.
North Shore Announces Binding Term Sheet for Rio Puerco Uranium Project in New Mexico, USA
North Shore Uranium Ltd. (TSXV:NSU)("North Shore" or the "Company") is pleased to announce that on June 23, 2025, it signed a binding term sheet (the "Term Sheet") with Resurrection Mining LLC ("Resurrection"), an arm's length party, to acquire up to 87.5% of the Rio Puerco uranium project ("Rio Puerco" or the "Project") in northwestern New Mexico (the "Transaction").
TRANSACTION AND PROJECT HIGHLIGHTS
- Historical resource estimate of 6.0 million tonnes at an average grade of 0.09% eU 3 O 8 for 11.4 million lbs. of U 3 O 8 reported in 2009
- Substantial historical dataset to guide and optimize future exploration programs
- Preliminary review of historical data suggests the potential for In-Situ Recovery ("ISR") mining, the lowest cost method for producing uranium
- Located in the Grants Uranium District, the largest producer of uranium in the United States and near two significant active uranium projects, Marquez-Juan Tafoya (Anfield Energy Inc.) and Cebolleta (Premier American Uranium Inc.)
- Strong US government support for nuclear power and uranium mining projects and a stated objective to reduce reliance on foreign nuclear fuel
- Executive Orders issued by President Trump in late May 2025 include a call for quadrupling US nuclear capacity by 2050, accelerating new reactor development, strengthening the US nuclear fuel supply chain and reforming the US regulatory environment
- Staged earn-in structure allows the Company to optimize exploration programs
- Would provide North Shore with uranium exposure in two North American jurisdictions, the Athabasca Basin in Saskatchewan, Canada and the western USA
Brooke Clements, President and CEO of North Shore stated: "The Rio Puerco project in New Mexico offers us exposure to a uranium project in the USA with excellent upside and signficant historical exploration data including a historical resource estimate. The US government has recently enacted policies designed to accelerate nuclear power and uranium mining activity in the country. In the 1970s, Kerr-McGee commenced mine construction at Rio Puerco, but activity was halted after a short trial-mining phase due to low uranium prices. The Project offers a great opportunity to confirm and expand upon previous work through drilling, modern 3-D modelling and continued assessment of the ISR potential. On completion of the Transaction with Resurrection, we will have uranium exposure in two North American jurisdictions that have seen signficant uranium production, the Grants Uranium District and the Athabasca Basin, at a time when future supply-demand fundamentals look great for the industry."
Rio Puerco is located at the eastern end of the Grants Uranium District, approximately 60 kilometres northwest of Albuquerque, New Mexico (Figure 1). Mines that operated between 1950 and 2002 contributed to make the Grants Uranium District the leading historical uranium producing district in the United States.
Figure 1: Rio Puerco Location Map, New Mexico. Roca Honda (Energy Fuels), Marquez-Juan Tafoya (Anfield Energy) and Cebolleta (Premier American Uranium) are advanced exploration/development stage uranium projects.
RIO PUERCO PROJECT SUMMARY
Rio Puerco consists of 37 Bureau of Land Management mining claims and significant historic exploration and mining data as well as the rights to a water well. Historical exploration and development work by Kerr-McGee Corporation ( "Kerr McGee" ) in the 1960s and 1970s, and geologic and resource modelling work completed by two Australian companies in 2009 and 2011 validate the potential for Rio Puerco to host a significant uranium resource.
Uranium was first discovered at Rio Puerco in 1968. The claims covering the discovery were ultimately optioned to Kerr-McGee who drilled over 1,000 holes. Based on the results of that work, they began the development of the Rio Puerco Mine in the 1970s. The uranium mineralization is hosted in sandstone of the Jurassic-aged Morrison Formation, host to almost all of the significant uranium deposits in the Grants Uranium District. The mine was intended to be a room and pillar underground mine but was never put into production. Activity ceased after a short trial mining phase likely due to low uranium prices at the time. The underground mine infrastructure included a 260m vertical shaft, ventilation shafts, mining adits and support buildings. The mining shaft remains at the site and road access to the site is excellent.
In 2009, Monaro Mining NL ( "Monaro" ) commissioned an independent geological review and resource estimate for Rio Puerco using exploration data generated by Kerr-McGee in the 1960s and 1970s. The data used for the resource estimate consisted of historical maps and data from 764 drill holes including downhole gamma-ray data converted to percent equivalent U 3 O 8 (e U 3 O 8 ), geological logs and drillhole survey data. They reported a JORC 2004-compliant inferred resource of 6.0 million tonnes at an average grade of 0.09% eU 3 O 8 using a cutoff grade of 0.03% eU 3 O 8 for 11.4 million lbs. of contained U 3 O 8 1 (the " Historic Resource" ). JORC is the Australian Joint Ore Reserves Committee, a professional code of practice that sets minimum standards for public reporting of Mineral Resources.
In 2011, Australian-American Mining Corporation Ltd. commissioned a technical report on Rio Puerco. This most recent report validated and confirmed the Historic Resource 2 .
No significant exploration or development work has occurred at Rio Puerco since the 1970s.
HISTORICAL RESOURCE ESTIMATES FOR THE RIO PUERCO PROJECT
The historical resource outlined in this news release has not been verified and should not be relied upon. It is a historical estimate and not current and does not comply with Canadian NI 43-101 guidelines for the reporting of Mineral Resources. A qualified person has not verified the historical resource on behalf of the Company and North Shore has completed no work programs at Rio Puerco. Though not current, the Company views the historical resource estimates as reliable and sufficient to justify the initiation of work programs aimed at validating and potentially expanding upon the estimates. There is no guarantee that the work programs envisioned by North Shore will ultimately result in the definition of NI 43-101 compliant resources.
RIO PUERCO TERM SHEET
Completion of the Transaction is contingent on North Shore completing satisfactory due diligence, execution of a definitive agreement, completion of a minimum $750,000 financing by North Shore and approval by the TSX Venture Exchange (the "Exchange" ). A finder's fee may be payable to an arms-length third party upon completion of the Transaction. The following highlights key terms of the Term Sheet executed by North Shore and Resurrection, all currency references are in Canadian dollars:
- Milestone 1: upon completion of the Transaction, a $125,000 cash payment and issuance of 9.99% of the issued and outstanding shares of the Company, post-financing.
- Milestone 2, to earn a 40% interest in the Project: on or before 18 months after completion of the Transaction, a $250,000 payment in cash or common shares, at the option of North Shore, and $750,000 in exploration expenditures.
- Milestone 3, to earn an aggregate 65% interest in the Project: on or before 36 months after completion of the Transaction, a $375,000 payment in cash or common shares, at the option of North Shore, and $1,000,000 in additional exploration expenditures.
- Milestone 4, to earn an aggregate 87.5% interest in the Project: on or before 60 months after completion of the Transaction, a $500,000 payment in cash or shares, at the option of North Shore, and $1,500,000 in additional exploration expenditures.
- North Shore may elect to not continue to sole-fund exploration expenditures at any time after earning a 40% interest in Rio Puerco at which time North Shore and Resurrection will enter into a joint venture agreement to govern the funding of Rio Puerco on a proportional basis.
- Carried interest: On completion of Milestone 4, North Shore will provide Resurrection with a 12.5% free-carried interest in the Project through completion of an NI 43-101-compliant Preliminary Economic Assessment at which time Resurrection can elect to form a participating joint venture or convert their interest into a 1.0% net smelter returns royalty. North Shore will be granted a right of first refusal on Resurrection's 12.5% interest.
- Bonus payments: For the 78 month period after completion of the Transaction, North Shore will pay Resurrection a $100,000 bonus for each million lbs. of uranium estimated in current resources defined by the Company above 5 million and up to 20 million lbs. in accordance with NI 43-101 standards, if and when such resources are defined.
- Other terms: Resurrection shall have a participation right to maintain its 9.99% interest in the common shares of North Shore for 5 years from completion of the Transaction and the right, but not the obligation, to appoint one nominee to the North Shore Board of Directors. All share issuances will be subject to Canadian and US securities law and will be priced in accordance with Exchange policies.
NEXT STEPS
After completion of the Transaction, North Shore will begin working towards defining the first NI 43-101-compliant uranium resource at Rio Puerco. The Company's initial work will aim to verify historical data and determine whether a resource can be defined in accordance with NI 43-101. First, geologic models of the previously defined deposit will be prepared using drill hole summary logs containing the interpreted zones of uranium mineralization. A number of confirmation drill holes are required to confirm the historic uranium grade and uranium disequilibrium, and for metallurgical testing. For the first program, 20 to 40 holes are contemplated, a combination of diamond core holes and rotary holes where a downhole gamma ray probe is used to determine uranium content. After the results of that program are received and interpreted, a comprehensive drilling plan would be developed aimed at defining a resource. Data from the drill programs will be used to further evaluate the amenability of ISR mining.
ABOUT NORTH SHORE
The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO 2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico. North Shore is well-positioned to become a major force in exploration for economic uranium deposits. The Company is working to achieve this goal by exploring its Falcon and West Bear properties at the eastern margin of the Athabasca Basin in Saskatchewan, expanding its exploration efforts to include the Grants Uranium District in New Mexico and by evaluating other quality opportunities in the United States and Canada to complement its portfolio of uranium properties. North Shore summarized its exploration efforts at its Falcon property in a May 27, 2025 , news release.
QUALIFIED PERSON
Mr. Brooke Clements, MSc, P.Geol., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and the President and CEO of North Shore, has reviewed and approved the scientific and technical disclosure in this press release.
ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Executive Officer and Director
For further information:
Please contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
Email: b.clements@northshoreuranium.com
www.northshoreuranium.com
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.
Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "project", "appear", "interpret", "coincident", "potential", "confirm", "suggest", "evaluate", "encourage", "likely", "anomaly", "continuous" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the completion and expected terms of the Transaction, the parties' abilities to meet the closing conditions of the Transaction, the number of securities to be issued by the Company in connection with the Transaction, receipt of all necessary approvals for the completion of the Transaction, the completion of satisfactory due diligence, execution of a definitive agreement, completion of a minimum $750,000 or any financing by the Company, and the Company's ability to meet the Milestones, make the bonus payments or meet other terms of the Transaction; the highly speculative nature of the Transaction given the early-stage nature of Rio Puerco; the actual results of current and planned exploration activities including the potential for the definition of a mineral deposit of potential economic value at the Company's Falcon property in Saskatchewan; that drilling results, geophysical survey results and/or interpretations thereof are defining potentially mineralized corridors; results from future exploration programs including drilling; interpretation and meaning of completed and future geophysical surveys; conclusions of future economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the Company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
1 Monaro Mining NL, 2009, 250% increase in uranium resource inventory at Rio Puerco deposit, New Mexico USA: Monaro Mining NL ASX news release: (link)
2 Boyer, D. and Ostensoe, E., 2011, NI 43-101 technical report, Rio Puerco deposit, Sandoval county, New Mexico, USA: Independent report commissioned by Australian-American Mining Corporation Ltd.: (link)
Stallion Uranium: Positioned for Discovery in the World’s Premier Uranium District
Stallion Uranium (TSXV:STUD,OTCQB:STLNF) is a Canadian exploration company focused on unlocking new discoveries in the underexplored southwestern Athabasca Basin—an emerging frontier with exceptional geological potential. With more than 709,000 acres under control, Stallion holds one of the largest land positions among junior explorers in the region.
As global uranium demand accelerates—driven by over 900 reactors in operation, construction, or planning—Stallion is well-positioned to benefit from a growing supply gap. The Athabasca Basin, known for uranium grades up to 20 times the global average, remains the world’s premier jurisdiction for high-grade uranium exploration.
Stallion Uranium holds one of the largest underexplored land packages in the Athabasca Basin, covering more than 709,000 acres in the highly prospective southwestern region. Using advanced geophysics and a proven exploration framework, the company has systematically identified and ranked nine Tier-1 uranium targets across its portfolio. From these, three high-priority corridors have been selected for near-term exploration—each displaying the key geological and structural characteristics associated with major high-grade discoveries in the Basin.
Company Highlights
- Large-scale land position: 709,192 acres in the underexplored southwestern Athabasca Basin.
- World-class exploration address: Athabasca Basin accounts for ~15 percent of global uranium production and hosts the world’s highest-grade deposits.
- Tier-1 targets: Nine high-priority uranium targets identified; three prioritized for near-term drilling: Coyote, Fishhook and Lynx – each defined by advanced geophysics and ideal structural settings.
- Discovery-focused leadership: Team responsible for discoveries including NexGen’s Arrow and Hathor’s Roughrider.
- Strong market fundamentals: Global reactor count rising, while uranium supply remains structurally constrained.
- Near-term catalysts: Drilling at Coyote planned for H2 2025; expanded geophysics underway across portfolio.
This Stallion Uranium profile is part of a paid investor education campaign.*
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Stallion Uranium
Investor Insight
Stallion Uranium offers investors a rare opportunity to gain early exposure to a company with one of the largest underexplored land packages in the world’s premier uranium district – the Athabasca Basin – guided by a discovery team with a multi-billion-dollar track record.
Overview
Stallion Uranium (TSXV:STUD,OTCQB:STLNF) is a Canadian uranium exploration company positioned for discovery in the southwestern Athabasca Basin, a frontier zone that holds tremendous untapped geological potential. With a landholding of over 709,000 acres, Stallion controls one of the largest and least explored portfolios among junior explorers in the region.
The company is leveraging a surging uranium demand, driven by more than 900 reactors across the globe currently in operation, construction or planning stages. Amid a uranium supply shortage, the Athabasca Basin, with uranium grades up to 20 times the global averages, represents the best place in the world to find the next major high-grade discovery.What sets Stallion apart is not just its land position, but the pedigree of its team. CEO Matthew Schwab was a key figure in the discovery of NexGen’s Arrow deposit, one of the most significant uranium finds of the past decade.
Over the past two years, Stallion has deployed airborne and ground geophysics across its land package, culminating in the identification of nine Tier-1 uranium targets. The top three – Coyote, Fishhook, and Lynx – have now been prioritized for drilling. Each of these targets exhibits the structural complexity, conductive trends, and gravity signatures characteristic of world-class deposits.
With drilling mobilization planned for H2 2025, a lean share structure, and one of the most technically credible teams in the sector, Stallion Uranium is well-positioned to create significant shareholder value through discovery.
Company Highlights
- Large-scale land position: 709,192 acres in the underexplored southwestern Athabasca Basin.
- World-class exploration address: Athabasca Basin accounts for ~15 percent of global uranium production and hosts the world’s highest-grade deposits.
- Tier-1 targets: Nine high-priority uranium targets identified; three prioritized for near-term drilling: Coyote, Fishhook and Lynx – each defined by advanced geophysics and ideal structural settings.
- Discovery-focused leadership: Team responsible for discoveries including NexGen’s Arrow and Hathor’s Roughrider.
- Strong market fundamentals: Global reactor count rising, while uranium supply remains structurally constrained.
- Near-term catalysts: Drilling at Coyote planned for H2 2025; expanded geophysics underway across portfolio.
Key Projects
Stallion Uranium controls one of the largest underexplored land packages in the Athabasca Basin, spanning over 709,000 acres in the highly prospective southwestern region. Leveraging advanced geophysical techniques and a proven exploration model, the company has systematically identified and ranked nine Tier-1 uranium targets across this vast portfolio. From this group, Stallion has prioritized three high-potential corridors for near-term exploration, each exhibiting the geological signatures and structural features consistent with major discoveries in the Basin.
Coyote Corridor
Located in the heart of Stallion’s southwestern Athabasca holdings, Coyote was first defined by a 2023 VTEM Plus survey, which revealed intersecting east-west conductors within a structurally complex zone. The Athabasca sandstone here is ~450 meters thick, a sweet spot for unconformity-style uranium systems. A Q1 2025 gravity survey revealed a large gravity low anomaly that mirrors the Arrow deposit's signature. Historical intersections just 12 km south reported up to 255 parts per million (ppm) uranium oxide (U₃O₈), reinforcing the region’s prospectivity. Coyote is currently undergoing 3D inversion modeling and is the company’s first drill target, with a campaign slated for late 2025.
Fishhook Corridor
This 18-km trend remains completely untested by drilling and was delineated using MobileMT surveys. Located along a mineralized corridor where historic assays 8 km south returned 0.139 percent U₃O₈, Fishhook is defined by merging conductive features and massive cross-structures, ideal for uranium fluid trapping. The convergence with the Five of Diamonds Trend underscores the corridor’s structural intensity. With similarities to productive zones in the Basin, Fishhook is poised for follow-up geophysics and potential drill targeting.
Stallion’s high priority targets.
Lynx Corridor
Adjacent to Orano’s Uchrich project, Lynx features a 13-km-long conductor hosted in a magnetic and gravity low, often indicative of the required lithological and alteration conditions. MobileMT data shows complex conductive and magnetic responses, further suggesting active hydrothermal systems. Entirely untested by drilling, Lynx represents a high-quality greenfield opportunity with plans for additional groundwork in 2025.
Management Team
Matthew Schwab – CEO and Director
A highly respected exploration geologist, Matthew Schwab played a leading role in the discovery of NexGen’s Arrow deposit and contributed to Hathor’s Roughrider (acquired by Rio Tinto for $654 million). He previously served as CEO of Kraken Energy.
Darren Slugoski – VP Exploration
Darren Slugoski is a geologist with a B.Sc. Honours from the University of Saskatchewan. He has over 10 years of Basin-focused experience, including involvement in the Spitfire and 2021 Gemini discoveries.
Knox Henderson – Head of IR
With 20+ years of capital markets experience, Knox Henderson is the former investor relations lead for Great Bear Resources (acquired by Kinross for $1.8 billion) and Kodiak Copper. His background is in trading and journalism.
Dong Shim – CFO
Dong Shim is a CPA in British Columbia and Illinois, with a deep background in auditing junior miners and supporting public listings on TSXV, CSE and OTC.
Kelly Pladson – Corporate Secretary
Kelly Pladson has been a regulatory and compliance specialist since 2009, managing TSXV and CSE company filings and governance.
Jay Martin – Director
Jay Martin is the CEO of Cambridge House, Canada’s top investment conference producer. He offers broad industry visibility and strategic insight.
Terri Anne Welyki – Director
Terri Anne Welyki is a mining veteran with 15+ years of experience in permitting, stakeholder engagement, and corporate development across North and South America.
Drew Zimmerman – Director
A CFA and former derivatives portfolio manager, Drew Zimmerman brings financial discipline and capital markets acumen to board-level strategy.