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American Copper Development Corporation Appoints Marcio Fonseca P.Geo to Board of Directors

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American Copper Development (CSE: ACDX) has appointed Marcio Fonseca, P.Geo as an independent board member. Fonseca brings 30+ years of professional experience in mining across multiple commodities and jurisdictions. His notable achievements include involvement in Tier 1 deposit discoveries and the CAD$155M acquisition of SilverCrest Mines by First Majestic Silver Corp. Previously, he served as VP of Corporate Development at SilverCrest Mines and Division Director at Macquarie Bank. He has held senior positions with Vale, Phelps Dodge, and Freeport in Latin America, and currently serves as President, COO and Founder of GR Silver.

American Copper Development (CSE: ACDX) ha nominato Marcio Fonseca, P.Geo come membro indipendente del consiglio. Fonseca porta con sé oltre 30 anni di esperienza professionale nel settore minerario, coprendo diverse commodity e giurisdizioni. Tra i suoi risultati notevoli ci sono il coinvolgimento nelle scoperte di depositi di Classe 1 e l'acquisizione di CAD$155M di SilverCrest Mines da parte di First Majestic Silver Corp. In precedenza, ha ricoperto il ruolo di VP dello Sviluppo Aziendale presso SilverCrest Mines e Direttore di Divisione presso Macquarie Bank. Ha ricoperto posizioni dirigenziali con Vale, Phelps Dodge e Freeport in America Latina, e attualmente è Presidente, COO e Fondatore di GR Silver.

American Copper Development (CSE: ACDX) ha nombrado a Marcio Fonseca, P.Geo como miembro independiente de la junta. Fonseca aporta más de 30 años de experiencia profesional en minería a través de múltiples materias primas y jurisdicciones. Sus logros notables incluyen su participación en descubrimientos de depósitos de Clase 1 y la adquisición de CAD$155M de SilverCrest Mines por parte de First Majestic Silver Corp. Anteriormente, se desempeñó como VP de Desarrollo Corporativo en SilverCrest Mines y Director de División en Macquarie Bank. Ha ocupado puestos senior en Vale, Phelps Dodge y Freeport en América Latina, y actualmente es Presidente, COO y Fundador de GR Silver.

American Copper Development (CSE: ACDX)는 Marcio Fonseca, P.Geo를 독립 이사로 임명했습니다. Fonseca는 30년 이상의 전문적인 경험을 보유하고 있으며, 다양한 광물 및 관할권에서 광업에 종사해왔습니다. 그의 주목할 만한 성과로는 1급 광상 발견에 참여한 것과 First Majestic Silver Corp.에 의한 SilverCrest Mines의 CAD$155M 인수가 있습니다. 이전에는 SilverCrest Mines에서 기업 개발 부사장 및 Macquarie Bank에서 부서장으로 근무했습니다. 그는 라틴 아메리카에서 Vale, Phelps Dodge, Freeport에서 고위직을 역임했으며, 현재 GR Silver의 회장, COO 및 창립자로 활동하고 있습니다.

American Copper Development (CSE: ACDX) a nommé Marcio Fonseca, P.Geo comme membre indépendant du conseil d'administration. Fonseca apporte plus de 30 ans d'expérience professionnelle dans le domaine minier à travers plusieurs matières premières et juridictions. Parmi ses réalisations notables, on peut citer sa participation à des découvertes de gisements de niveau 1 et l'acquisition de SilverCrest Mines pour 155 millions de CAD par First Majestic Silver Corp. Auparavant, il a été VP du développement d'entreprise chez SilverCrest Mines et directeur de division chez Macquarie Bank. Il a occupé des postes de direction chez Vale, Phelps Dodge et Freeport en Amérique latine et est actuellement président, COO et fondateur de GR Silver.

American Copper Development (CSE: ACDX) hat Marcio Fonseca, P.Geo als unabhängigen Vorstandmitglied ernannt. Fonseca bringt über 30 Jahre Berufserfahrung im Bergbau durch verschiedene Rohstoffe und Jurisdiktionen mit. Zu seinen bemerkenswerten Leistungen gehört die Beteiligung an der Entdeckung von Klasse-1-Lagerstätten und die Übernahme von SilverCrest Mines durch First Majestic Silver Corp. im Wert von CAD$155M. Zuvor war er VP für Unternehmensentwicklung bei SilverCrest Mines und Abteilungsleiter bei Macquarie Bank. Er hat leitende Positionen bei Vale, Phelps Dodge und Freeport in Lateinamerika innegehabt und ist derzeit Präsident, COO und Gründer von GR Silver.

Positive
  • Appointment of highly experienced mining executive with 30+ years of expertise
  • Track record of successful Tier 1 deposit discoveries
  • Proven M&A experience, including CAD$155M SilverCrest Mines acquisition
  • Extensive experience in mining finance and capital markets
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - American Copper Development Corporation (CSE: ACDX) ("ACDC" or the "‎‎Company") reports that it has appointed Marcio Fonseca, P.Geo as an independent board member to its board of directors effective immediately. Marcio Fonseca is a highly regarded mining executive with an M.Sc. in Mineral Project Appraisal from the Imperial College, UK (Integrated with MBA Program) and a Specialization in Economic Engineering (FDC Brazil).

Mr. Fonseca has 30+ years of professional experience across multiple commodities and jurisdictions with large mining corporations and global investment banks. Mr. Fonseca's career achievements include direct involvement in successful discoveries of Tier 1 deposits and developing mine operations in world-class mining districts. He is renowned for his ability to identify, enhance, and develop opportunities within the natural resource sector.

He previously served as VP of Corporate Development for SilverCrest Mines, focusing on successfully turning around and expanding the flagship Santa Elena Mine. Notable accomplishments include his instrumental role in orchestrating successful transactions such as the CAD$155M acquisition of SilverCrest Mines by First Majestic Silver Corp in Mexico and spin-out of SilverCrest Metals - Las Chispas, Mexico.

Prior to SilverCrest, Mr. Fonseca served as the Division Director for Metals and Energy at Macquarie Bank, where he played a pivotal role in business growth in North America focusing on delineating attractive prospects for mining finance and development. His expertise in various jurisdictions encompasses all phases of mineral asset development, and he has held senior corporate, operational and development positions with Vale, Phelps Dodge, and Freeport in Latin America.

More recently, Mr. Fonseca has created new ventures in Latin America and has extensive experience in capital markets, strategic partnerships, mergers and acquisitions, and securing equity and debt financing for natural resource projects on a global scale. He currently serves as President, COO and Founder of GR Silver.

Rick van Nieuwenhuyse, Chairman of the board, commented: "We are pleased to have Marcio join us to build American Copper from the ground-up. His mining finance expertise and his established trapline of projects will be a welcome addition to our board."

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/228689

FAQ

Who is the new board member appointed to American Copper Development (ACDXF)?

Marcio Fonseca, P.Geo has been appointed as an independent board member to American Copper Development , effective immediately.

What is Marcio Fonseca's experience in the mining industry?

Marcio Fonseca has over 30 years of professional experience in mining across multiple commodities and jurisdictions, including senior positions at Vale, Phelps Dodge, Freeport, and SilverCrest Mines.

What major transaction did Marcio Fonseca help orchestrate at SilverCrest?

Marcio Fonseca played an instrumental role in the CAD$155M acquisition of SilverCrest Mines by First Majestic Silver Corp in Mexico and the spin-out of SilverCrest Metals - Las Chispas.

AMERICAN COPPER DEV CORP

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