NorthWest Copper Announces Appointment of Geoffrey Chinn, P.Geo, as VP Business Development and Exploration
NorthWest Copper (TSX-V: NWST) has appointed Geoffrey Chinn, P.Geo, as Vice President of Business Development and Exploration, effective March 17, 2025. Chinn brings nearly 35 years of mining industry experience, specializing in exploration targeting, resource estimation, and project evaluation.
Chinn previously served as Director of Corporate Development at IAMGOLD , where he was involved in the Cote Gold project's evaluation and managed its economic assessments. His experience includes roles at Noranda, Falconbridge, and various junior exploration companies.
As part of his compensation package, Chinn will receive 325,000 Stock Options and 125,000 Restricted Share Units (RSUs). The Stock Options will vest over three years with a five-year expiration, while RSUs will vest equally over three years with specific redemption periods in 2026, 2027, and 2028.
NorthWest Copper (TSX-V: NWST) ha nominato Geoffrey Chinn, P.Geo, come Vice Presidente dello Sviluppo Aziendale e dell'Esplorazione, con effetto dal 17 marzo 2025. Chinn porta con sé quasi 35 anni di esperienza nel settore minerario, specializzandosi in targetizzazione dell'esplorazione, stima delle risorse e valutazione dei progetti.
In precedenza, Chinn ha ricoperto il ruolo di Direttore dello Sviluppo Aziendale presso IAMGOLD, dove è stato coinvolto nella valutazione del progetto Cote Gold e ha gestito le sue valutazioni economiche. La sua esperienza include ruoli presso Noranda, Falconbridge e diverse aziende di esplorazione junior.
Come parte del suo pacchetto di compensi, Chinn riceverà 325.000 Opzioni su Azioni e 125.000 Unità di Azioni Vincolate (RSUs). Le Opzioni su Azioni matureranno in tre anni con una scadenza di cinque anni, mentre le RSUs matureranno in modo equo nel corso di tre anni con specifici periodi di riscatto nel 2026, 2027 e 2028.
NorthWest Copper (TSX-V: NWST) ha nombrado a Geoffrey Chinn, P.Geo, como Vicepresidente de Desarrollo Empresarial y Exploración, con efecto a partir del 17 de marzo de 2025. Chinn aporta casi 35 años de experiencia en la industria minera, especializándose en la definición de objetivos de exploración, estimación de recursos y evaluación de proyectos.
Anteriormente, Chinn se desempeñó como Director de Desarrollo Corporativo en IAMGOLD, donde participó en la evaluación del proyecto Cote Gold y gestionó sus evaluaciones económicas. Su experiencia incluye roles en Noranda, Falconbridge y diversas empresas de exploración junior.
Como parte de su paquete de compensación, Chinn recibirá 325,000 Opciones sobre Acciones y 125,000 Unidades de Acciones Restringidas (RSUs). Las Opciones sobre Acciones se adquirirán durante tres años con una expiración de cinco años, mientras que las RSUs se adquirirán de manera equitativa durante tres años con períodos de redención específicos en 2026, 2027 y 2028.
NorthWest Copper (TSX-V: NWST)는 Geoffrey Chinn, P.Geo를 사업 개발 및 탐사 부사장으로 임명했습니다. 이 임명은 2025년 3월 17일부터 시행됩니다. Chinn은 탐사 목표 설정, 자원 추정 및 프로젝트 평가를 전문으로 하여 거의 35년의 광업 경험을 가지고 있습니다.
Chinn은 IAMGOLD에서 기업 개발 이사로 재직하며 Cote Gold 프로젝트의 평가에 참여하고 경제적 평가를 관리했습니다. 그의 경력은 Noranda, Falconbridge 및 여러 주니어 탐사 회사에서의 역할을 포함합니다.
보상 패키지의 일환으로 Chinn은 325,000주 옵션과 125,000주 제한 주식 단위(RSU)를 받게 됩니다. 주식 옵션은 3년 동안 분할 지급되며 5년 만기이며, RSU는 3년 동안 균등하게 분할 지급되고 2026년, 2027년 및 2028년에 특정 환매 기간이 있습니다.
NorthWest Copper (TSX-V: NWST) a nommé Geoffrey Chinn, P.Geo, au poste de Vice-Président du Développement Commercial et de l'Exploration, à compter du 17 mars 2025. Chinn apporte près de 35 ans d'expérience dans l'industrie minière, se spécialisant dans la définition des cibles d'exploration, l'estimation des ressources et l'évaluation de projets.
Auparavant, Chinn a été Directeur du Développement Corporatif chez IAMGOLD, où il a participé à l'évaluation du projet Cote Gold et a géré ses évaluations économiques. Son expérience comprend des rôles chez Noranda, Falconbridge et diverses entreprises d'exploration junior.
Dans le cadre de son package de rémunération, Chinn recevra 325 000 Options sur Actions et 125 000 Unités d'Actions Restreintes (RSUs). Les Options sur Actions seront acquises sur trois ans avec une expiration de cinq ans, tandis que les RSUs seront acquises de manière égale sur trois ans avec des périodes de rachat spécifiques en 2026, 2027 et 2028.
NorthWest Copper (TSX-V: NWST) hat Geoffrey Chinn, P.Geo, zum Vice President für Geschäftsentwicklung und Exploration ernannt, mit Wirkung zum 17. März 2025. Chinn bringt fast 35 Jahre Erfahrung in der Bergbauindustrie mit, spezialisiert auf Explorationszielsetzung, Ressourcenschätzung und Projektevaluation.
Zuvor war Chinn als Direktor für Unternehmensentwicklung bei IAMGOLD tätig, wo er an der Bewertung des Cote Gold-Projekts beteiligt war und dessen wirtschaftliche Bewertungen verwaltete. Seine Erfahrung umfasst Positionen bei Noranda, Falconbridge und verschiedenen Junior-Explorationsunternehmen.
Im Rahmen seines Vergütungspakets erhält Chinn 325.000 Aktienoptionen und 125.000 Restricted Share Units (RSUs). Die Aktienoptionen werden über drei Jahre fällig, mit einer Laufzeit von fünf Jahren, während die RSUs gleichmäßig über drei Jahre fällig werden, mit spezifischen Rückzahlungszeiträumen in 2026, 2027 und 2028.
- Appointment of seasoned executive with 35 years of mining industry experience
- Strong expertise in project evaluation and advancement from exploration to pre-feasibility
- Previous experience with major mining companies including IAMGOLD, Noranda, and Falconbridge
- Specific expertise in VMS and copper porphyry systems relevant to company's assets
- Stock option and RSU grants will result in future shareholder dilution
VANCOUVER, British Columbia, March 04, 2025 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST) is pleased to announce the appointment of Geoffrey Chinn, P.Geo, as Vice President, Business Development and Exploration, effective March 17, 2025. Mr. Chinn brings close to 35 years of experience in the mining industry, with a proven track record in exploration targeting, resource estimation, project evaluation and business development.
“We are excited to welcome Mr. Chinn to the NorthWest team,” said CEO Paul Olmsted. “His deep industry knowledge and expertise in evaluating and advancing all aspects of projects from early-stage exploration through to pre-feasibility will be invaluable to the Company as we look to advance Kwanika-Stardust through a phased development approach with the initial phase targeting higher-grade zones within the current mineral deposit. His business development and geology background are also well suited to advance our suite of high-potential exploration assets, including Lorraine-Top Cat and East Niv.”
Mr. Chinn is a geoscientist and business development professional with extensive experience in the base metal and gold mining industry. Prior to joining NorthWest, Mr. Chinn was a Director of Corporate Development of IAMGOLD Corporation where he was involved in the identification and early stages of the evaluation of the Cote Gold project and managed its preliminary economic assessment and pre-feasibility study. He also played a lead role in identifying and/or evaluating opportunities to support hub-and-spoke strategic initiatives, as well as numerous other open pit and underground mining opportunities internationally. Prior to IAMGOLD Corporation, Mr. Chinn worked for Junior Exploration companies and for RPA Scott Willson Consultants performing mineral resource estimates. Mr. Chinn also held various positions with Noranda and Falconbridge in various regions, including British Columbia and lead their integrated data target generation for VMS and copper porphyry systems. Mr. Chinn is a Professional Geoscientist (PGO) and holds a B.Sc. Geology and a M.Sc(A) Mineral Exploration.
As the incoming VP Business Development and Exploration of NorthWest, Mr. Chinn expressed enthusiasm about the Company’s future and project pipeline. “I am pleased to be joining a talented team dedicated to unlocking the full potential of the Company’s assets. The Kwanika-Stardust and Lorraine-Top Cat projects have been subject to a large body of quality technical work to build upon, that together with recent commodity price movements, have the potential to support accelerated study, permitting, development, and financing timelines. Moreover, I am impressed by the number and quality of early-stage exploration projects held by NorthWest,” he said.
Grant of Stock Options and Restricted Share Units
NorthWest also announces that it will grant 325,000 Stock Options and 125,000 Restricted Share Units (RSUs) to Mr. Chinn pursuant to its Equity Incentive Plan upon his joining the Company on March 17 (“Effective Date”).
The Stock Options will have an exercise price based on the TSV-V closing price of the Company’s common shares on the day immediately before the Effective Date, vest over three years, and expire five years from the Effective Date.
The RSUs will be payable in common shares of the Company on exercise, vest equally over three years and must be redeemed within 30 days of each of March 17, 2026, March 17, 2027, and March 17, 2028, or they expire.
About NorthWest Copper:
NorthWest Copper is a copper-gold explorer with a pipeline of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat and East Niv. With a robust portfolio in a tier one jurisdiction, NorthWest Copper is well positioned to participate fully in a strengthening global copper market. We are committed to responsible mineral exploration which involves working collaboratively with First Nations to ensure future development incorporates stewardship best practices and traditional land use. Additional information can be found on the Company’s website at www.northwestcopper.ca.
On Behalf of NorthWest Copper Corp.
“Paul Olmsted”
CEO, NorthWest Copper
For further information, please contact:
604-683-7790
info@northwestcopper.ca
Neither 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.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to statements with respect to; plans and intentions of the Company; proposed exploration and development of NorthWest’s exploration property interests; the Company’s ability to finance future operations; future operations; mine plans, magnitude or quality of mineral deposits, the hiring of Mr. Chinn and his potential impact on the Company, and the development, operational and economic results of current and future potential economic studies.
All statements, other than statements of historical fact, included herein, constitutes forward-looking information. Although NorthWest believes that the expectations reflected in such forward-looking information and/or information are reasonable, undue reliance should not be placed on forward-looking information since NorthWest can give no assurance that such expectations will prove to be correct. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in NorthWest’s periodic filings with Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could cause actual results to differ materially from NorthWest’s expectations include risks associated with the business of NorthWest; risks related to reliance on technical information provided by NorthWest; risks related to exploration and potential development of the Company’s mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in NorthWest’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.com).
Forward-looking information is based on estimates and opinions of management at the date the information are made. NorthWest does not undertake any obligation to update forward-looking information except as required by applicable securities laws. Investors should not place undue reliance on forward-looking information.
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