Brixton Metals Appoints Patrick Highsmith to its Board of Directors
Brixton Metals has appointed Patrick Highsmith as a director and Chair of the Compensation Committee, effective June 11, 2024. Highsmith brings over 30 years of international experience in operational, exploration, and business development roles with notable companies such as Newmont Mining, BHP, Rio Tinto, and Fortescue Metals Group. He has also co-founded and held senior roles in several junior companies, including Lithium One, Bellhaven Copper & Gold, and Pure Energy Minerals. Currently, he is the President & CEO of Timberline Resources, which is being acquired by McEwen Mining. Highsmith's specialized expertise includes gold, copper, and lithium exploration. Additionally, Brixton has granted him stock options for 375,000 common shares at an exercise price of $0.13 per share, valid for ten years.
- Patrick Highsmith's appointment introduces over 30 years of experience to Brixton Metals.
- Highsmith has a strong background with major mining companies such as Newmont Mining, BHP, and Rio Tinto.
- Highsmith's expertise in gold, copper, and lithium exploration aligns well with Brixton's flagship Thorn Copper-Gold Porphyry Project.
- Highsmith's role as Chair of the Compensation Committee could lead to improved corporate governance.
- The stock options granted to Highsmith could align his interests with those of the shareholders.
- The stock options granted could lead to potential shareholder dilution in the future.
- No immediate operational or financial improvements were detailed in the PR, which might not strongly influence the stock price positively.
- The PR does not mention any new or specific strategic initiatives that Highsmith will spearhead.
VANCOUVER, British Columbia, June 14, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce the appointment of Mr. Patrick Highsmith as a director and Chair of the Company’s Compensation Committee, effective June 11, 2024.
Mr. Highsmith has more than 30 years of international experience including operational, exploration and business development roles with major companies such as Newmont Mining, BHP, Rio Tinto, and Fortescue Metals Group. He also has co-founded, and/or acted as a director or senior executive in several junior companies. His junior company pedigree includes Canadian listed companies such as: Lithium One, Bellhaven Copper & Gold, Pure Energy Minerals, Champion Electric Metals, and FireFox Gold, for whom he is co-founder and chairman of the board. He is currently President & CEO of Timberline Resources, which announced in April 2024 its acquisition by McEwen Mining Inc. That transaction is expected to close in Q3 of this year. Mr. Highsmith holds degrees in Geological Engineering and Economic Geology (Geochemistry) from the Colorado School of Mines. He has specialized technical expertise in gold, copper, and lithium exploration.
Chairman and CEO Gary R. Thompson stated, “We are excited to have Patrick join the Brixton team as an independent Director as his three decades of experience in the mining and exploration business with both senior and junior companies will be invaluable as we unlock the potential of our flagship Thorn Copper-Gold Porphyry Project.”
The Company also announces that it has granted incentive stock options to Mr. Highsmith, entitling the purchase of 375,000 common shares in the capital of the Company at a per share exercise price of
About Brixton Metals Corporation
Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel Project in Ontario and the Atlin Goldfields Project located in northwest BC. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
For Investor Relations inquiries please contact: Mr. Michael Rapsch, Senior Manager, Investor Relations: email: michael.rapsch@brixtonmetals.com or call Tel: 604-630-9707
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.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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