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American Copper Development Corporation Announces Changes to Board of Directors

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American Copper Development (CSE: ACDX) announced changes to its Board of Directors on December 19, 2024. Chairman and Director Rick van Nieuwenhuyse and Curtis Freeman have resigned effective December 17, 2024. The board has appointed Michael Murphy as interim Chairman and Director. Murphy brings significant experience in the metals and mining sector, including founding TSX-listed Torex Gold Resources Inc. and holding positions at Merrill Lynch, DLJ, and Credit Suisse. He currently serves as CEO of South Pacific Metals Corp.

American Copper Development (CSE: ACDX) ha annunciato cambiamenti al suo Consiglio di Amministrazione il 19 dicembre 2024. Il Presidente e Direttore Rick van Nieuwenhuyse e Curtis Freeman si sono dimessi con effetto dal 17 dicembre 2024. Il consiglio ha nominato Michael Murphy come Presidente e Direttore ad interim. Murphy porta con sé una significativa esperienza nel settore dei metalli e delle miniere, avendo fondato la società listeata TSX Torex Gold Resources Inc. e ricoprendo posizioni presso Merrill Lynch, DLJ e Credit Suisse. Attualmente è CEO di South Pacific Metals Corp.

American Copper Development (CSE: ACDX) anunció cambios en su Junta Directiva el 19 de diciembre de 2024. El Presidente y Director Rick van Nieuwenhuyse y Curtis Freeman han renunciado con efecto a partir del 17 de diciembre de 2024. La junta ha nombrado a Michael Murphy como Presidente y Director interino. Murphy aporta una considerable experiencia en el sector de metales y minería, incluyendo la fundación de Torex Gold Resources Inc. listada en TSX y ocupando cargos en Merrill Lynch, DLJ y Credit Suisse. Actualmente se desempeña como CEO de South Pacific Metals Corp.

American Copper Development (CSE: ACDX)는 2024년 12월 19일 이사회의 변화를 발표했습니다. 회장 겸 이사인 Rick van Nieuwenhuyse와 Curtis Freeman은 2024년 12월 17일자로 사임했습니다. 이사회는 Michael Murphy를 임시 회장 겸 이사로 임명했습니다. Murphy는 메탈 및 광산 분야에서 상당한 경험을 보유하고 있으며, TSX 상장 기업인 Torex Gold Resources Inc.를 창립하고 Merrill Lynch, DLJ 및 Credit Suisse에서 여러 직책을 역임한 바 있습니다. 현재 그는 South Pacific Metals Corp.의 CEO로 재직 중입니다.

American Copper Development (CSE: ACDX) a annoncé des changements au sein de son Conseil d'Administration le 19 décembre 2024. Le président et directeur Rick van Nieuwenhuyse ainsi que Curtis Freeman ont démissionné avec effet au 17 décembre 2024. Le conseil a nommé Michael Murphy comme président et directeur par intérim. Murphy possède une expérience significative dans le secteur des métaux et des mines, ayant fondé Torex Gold Resources Inc., cotée à la TSX, et ayant occupé des postes chez Merrill Lynch, DLJ et Credit Suisse. Il est actuellement PDG de South Pacific Metals Corp.

American Copper Development (CSE: ACDX) gab am 19. Dezember 2024 Änderungen im Vorstand bekannt. Der Vorsitzende und Direktor Rick van Nieuwenhuyse sowie Curtis Freeman haben ihre Ämter mit Wirkung zum 17. Dezember 2024 niedergelegt. Der Vorstand hat Michael Murphy zum kommissarischen Vorsitzenden und Direktor ernannt. Murphy bringt umfangreiche Erfahrung im Metall- und Bergbausektor mit, einschließlich der Gründung von Torex Gold Resources Inc., die an der TSX gelistet ist, und hat Positionen bei Merrill Lynch, DLJ und Credit Suisse innegehabt. Derzeit ist er CEO von South Pacific Metals Corp.

Positive
  • Appointment of experienced mining executive Michael Murphy as interim Chairman
  • New leadership brings extensive financial services and mining sector expertise
Negative
  • Departure of two key board members, including the Chairman
  • Leadership transition period could create temporary uncertainty

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - American Copper Development Corporation (CSE: ACDX) ("ACDC" or the "‎‎Company") reports it has received and accepted the resignations of its Chairman and Director Rick van Nieuwenhuyse and Curtis Freeman effective Dec 17, 2024. The board of directors have appointed Michael Murphy as interim Chairman and Director.

Daniel Schieber, director of the board, commented: "Rick and Curt have played a founding role in the development of American Copper from the acquisition of our Lordsburg Project through the first phase of exploration. I speak on behalf of the entire board and team in saying we look forward to continuing to work with Rick during this transition and in offering our best wishes to him and Curt."

Mr. Murphy is an accomplished executive with extensive experience in designing and executing strategic initiatives and creating value for shareholders. Mr. Murphy has an established track record of transformational leadership within the metals and mining sector. He is the founder of TSX-listed gold producer Torex Gold Resources Inc., prior to which he spent more than 15 years in the financial services sector in London, UK, with Merrill Lynch, DLJ, and Credit Suisse. He currently serves as CEO of South Pacific Metals Corp.

About the Company

The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Lordsburg Property.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

American Copper Development Corporation

For further information, please contact:‎
Daniel Schieber
Chief Executive Officer and Director
Phone: (778) 372-9888
Email: invest@american-copper.com

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking ‎information" under applicable Canadian securities legislation. ‎Forward-looking information involves risks, uncertainties, and other factors that could cause ‎actual results, performance, prospects, and opportunities to differ materially from those ‎expressed or implied by such forward-looking information. Forward-looking information is necessarily based on a number of estimates and ‎assumptions that, while considered reasonable, are subject to known and unknown risks, ‎uncertainties and other factors which may cause actual results and future events to differ ‎materially from those expressed or implied by such forward-looking information. ‎Accordingly, the forward-looking information discussed in this release, may not occur and ‎could differ materially as a result of these known and unknown risk factors and uncertainties ‎affecting ACDC. Although ACDC believes that the assumptions and factors used in ‎preparing the forward-looking information are reasonable, undue reliance should not be placed ‎on this information, which only applies as of the date of this news release, and no assurance can ‎be given that such events will occur in the disclosed time frames or at all. Except where ‎required by law, ACDC disclaims any intention or obligation to update or revise any forward-‎looking information, whether as a result of new information, future events, or otherwise.‎

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234518

FAQ

Who are the new board members of American Copper Development (ACDX) as of December 2024?

Michael Murphy has been appointed as interim Chairman and Director of American Copper Development as of December 17, 2024.

Which board members resigned from American Copper Development (ACDX) in December 2024?

Rick van Nieuwenhuyse (Chairman and Director) and Curtis Freeman resigned from the board effective December 17, 2024.

What is Michael Murphy's background and experience before joining ACDX?

Michael Murphy is the founder of TSX-listed Torex Gold Resources Inc. and has over 15 years of experience in financial services with Merrill Lynch, DLJ, and Credit Suisse in London. He currently serves as CEO of South Pacific Metals Corp.

How does the December 2024 board restructuring affect ACDX's leadership?

The restructuring resulted in the departure of two founding board members and the appointment of Michael Murphy as interim Chairman, bringing new leadership with extensive mining and financial sector experience.

AMERICAN COPPER DEV CORP

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