TRU Appoints Experienced Mining Executive Steve Nicol as New CEO
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has appointed Steve Nicol as its new CEO, effective August 7, 2024. Nicol, a mining engineer with over 35 years of experience, will oversee the multi-year, partner-funded gold and copper exploration program at the Golden Rose Project in Newfoundland, following the recently announced earn-in agreement with Eldorado Gold
Nicol replaces Joel Freudman, who founded TRU in its current form in 2020. Freudman will continue to provide transitional capital markets advisory support. This leadership change comes as TRU embarks on a new phase of development as a Newfoundland mineral resources explorer, with the company positioned for significant value creation through its partnership with Eldorado.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha nominato Steve Nicol come nuovo CEO, a partire dal 7 agosto 2024. Nicol, ingegnere minerario con oltre 35 anni di esperienza, supervisionerà il programma di esplorazione di oro e rame finanziato da partner, che avrà luogo nel Golden Rose Project in Newfoundland, dopo l'accordo recentemente annunciato con Eldorado Gold.
Nicol sostituisce Joel Freudman, che ha fondato TRU nella sua forma attuale nel 2020. Freudman continuerà a fornire supporto di consulenza nei mercati dei capitali durante la transizione. Questo cambio di leadership avviene mentre TRU inizia una nuova fase di sviluppo come esploratore di risorse minerali in Newfoundland, con l'azienda posizionata per una significativa creazione di valore attraverso la sua partnership con Eldorado.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha nombrado a Steve Nicol como su nuevo CEO, con efecto a partir del 7 de agosto de 2024. Nicol, ingeniero de minas con más de 35 años de experiencia, supervisará el programa de exploración de oro y cobre financiado por socios en el Golden Rose Project en Newfoundland, tras el reciente acuerdo de ingreso anunciado con Eldorado Gold.
Nicol reemplaza a Joel Freudman, quien fundó TRU en su forma actual en 2020. Freudman continuará ofreciendo apoyo de asesoría en mercados de capital durante la transición. Este cambio de liderazgo ocurre mientras TRU inicia una nueva fase de desarrollo como explorador de recursos minerales en Newfoundland, con la empresa posicionada para una significativa creación de valor a través de su asociación con Eldorado.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)가 스티브 니콜을 새로운 CEO로 임명했습니다, 2024년 8월 7일부터 발효됩니다. 니콜은 35년 이상의 경험을 가진 광업 엔지니어로, 골든 로즈 프로젝트에서 파트너 자금 지원을 받는 다년 간의 금 및 구리 탐사 프로그램을 감독할 것입니다. 이 프로젝트는 최근 엘도라도 골드와 체결된 수익형 계약에 따라 진행됩니다.
니콜은 2020년에 현재 형태로 TRU를 설립한 조엘 프르이드만을 대체합니다. 프르이드만은 전이 중 자본 시장 자문 지원을 계속 제공할 것입니다. 이 리더십 변화는 TRU가 뉴펀들랜드 광물 자원 탐사자로서 새로운 개발 단계를 시작하는 가운데 이루어지며, 엘도라도와의 파트너십을 통해 상당한 가치 창출을 위한 위치에 있습니다.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) a nommé Steve Nicol comme nouveau PDG, à compter du 7 août 2024. Nicol, ingénieur minier avec plus de 35 ans d'expérience, supervisera le programme d'exploration d'or et de cuivre financé par des partenaires au Golden Rose Project à Terre-Neuve, suite à l'accord récemment annoncé avec Eldorado Gold.
Nicol remplace Joel Freudman, qui a fondé TRU sous sa forme actuelle en 2020. Freudman continuera d'offrir un soutien en matière de conseil sur les marchés de capitaux durant la transition. Ce changement de direction intervient alors que TRU entame une nouvelle phase de développement en tant qu'explorateur de ressources minérales à Terre-Neuve, l'entreprise étant positionnée pour créer une valeur significative grâce à son partenariat avec Eldorado.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) hat Steve Nicol als neuen CEO ernannt, der am 7. August 2024 wirksam wird. Nicol, ein Bergbauingenieur mit über 35 Jahren Erfahrung, wird das mehrjährige, partnerfinanzierte Gold- und Kupferexplorationsprogramm im Golden Rose Project in Neufundland überwachen, nach dem kürzlich angekündigten Earn-in-Abkommen mit Eldorado Gold.
Nicol ersetzt Joel Freudman, der TRU in seiner aktuellen Form im Jahr 2020 gegründet hat. Freudman wird weiterhin beratende Unterstützung in den Kapitalmärkten während der Übergangsphase bieten. Dieser Führungswechsel erfolgt, während TRU eine neue Entwicklungsphase als Mineralressourcenerforscher in Neufundland einleitet, wobei das Unternehmen auf signifikante Wertschöpfung durch die Partnerschaft mit Eldorado ausgerichtet ist.
- Appointment of experienced mining executive Steve Nicol as CEO
- Multi-year, partner-funded exploration program at Golden Rose Project
- Recent earn-in agreement with Eldorado Gold
- Consolidated district-scale land package in the Cape Ray-Valentine Lake Shear Zone
- None.
TORONTO, ON / ACCESSWIRE / August 8, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) ("TRU" or the "Company") is pleased to announce the appointment of Steve Nicol as the new CEO of the Company, effective August 7, 2024. Mr. Nicol is currently a director on the TRU board of directors (the "Board") and also serves as Technical Advisor to TRU's strategic investor Ormonde Mining plc ("Ormonde"). One of his initial key focusses will be overseeing the multi-year, partner-funded gold and copper focused exploration program at the Golden Rose Project ("Golden Rose") in Western-Central Newfoundland pursuant to the earn-in agreement with Eldorado Gold Corporation (TSX:ELD, NYSE:EGO) ("Eldorado") announced on July 30, 2024.
Mr. Nicol is a mining engineer with over 35 years of experience in the mining industry, including in operations management, mine evaluation and development, and other diverse corporate roles. He has held Operations Management positions in various underground and open pit mines, culminating in a 13-year period as Managing Director and Project Manager of the Spanish-based company that identified, studied, designed, permitted, financed, constructed, and put into successful operation the Barruecopardo Tungsten mine in Western Spain. That mine continues successfully operating today, adjacent to an environmentally protected area, employing some 200 people and selling a high-quality mineral concentrate product across the globe.
A generalist, with a very strong ESG as well as economic focus, Mr. Nicol's experience covers base, precious and specialty metals, open pit and underground mining, CIL, flotation, and gravity processing, and direct hands-on management of all phases of diverse mining projects from early-stage exploration through to mine closure and rehabilitation.
To transition leadership of the Company, now embarking on an exciting new phase of its development as a Newfoundland mineral resources explorer, Joel Freudman, who has been serving TRU as CEO since founding the Company in its current incarnation in late 2020, has resigned from his positions as CEO and director. Mr. Freudman will continue to provide transitional capital markets advisory support through his Toronto-based merchant bank, Resurgent Capital Corp.
TRU's Chairman of the Board Manish Z. Kshatriya commented: "I would like to congratulate Steve on his appointment as CEO. Through our work on the TRU Board, I have had the opportunity to get to know him as a highly analytical, strategic thinker with an expansive technical expertise in mining and operations. As the Company is moving forward with more extensive exploration plans, we are certainly in good hands with more technical mining leadership experience. Through its new earn-in arrangement with Eldorado, management believes that TRU and Golden Rose are positioned for significant value creation."
Mr. Kshatriya continued: "We respect and appreciate Joel's decision to resign from his positions as CEO and director, to ensure that TRU, under the leadership of Steve and together with the assistance of current serving President and CFO Olga Nikitovic, can deliver operational excellence paving the path for major discoveries. On behalf of the Board, I would like to thank Joel for his valuable role in identifying and securing the Golden Rose Project opportunity in the Cape Ray-Valentine Lake Shear Zone. Through subsequent tactical acquisitions and option agreements, TRU was able to consolidate a district-scale land package that is now approximately triple the original project size. Joel was pivotal in attracting a number of strategic investments and partnerships for TRU despite challenging market conditions for junior mining companies. The talented team he helped assemble will provide continuity and support for the new CEO. We look forward to Joel's continued future contributions as capital markets advisor."
About TRU Precious Metals Corp.
TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its
TRU is approximately
For further information about TRU, please contact:
Olga Nikitovic
President & CFO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: ir@trupreciousmetals.com
To connect with TRU via social media, below are links:
X (formerly Twitter): https://twitter.com/TRUMetals
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support through the Junior Exploration Assistance Program and the Federal Government for its critical mineral assistance funding for the exploration activities at Golden Rose.
Forward-Looking Statements
This press release contains certain forward-looking statements regarding TRU's leadership and personnel, exploration and development plans for Golden Rose, and earn-in arrangement with Eldorado, that are based on numerous assumptions regarding personnel, exploration potential, and corporate plans believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including challenges attracting and retaining qualified personnel, risks inherent in mineral exploration activities, challenges in meeting contractual obligations, changing corporate priorities and objectives, and those other risks described in the Company's continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.
This press release is solely the responsibility of TRU, and Eldorado is not in any way responsible or liable for the contents hereof.
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: TRU Precious Metals Corp.
View the original press release on accesswire.com
FAQ
Who is the new CEO of TRU Precious Metals Corp. (OTCQB:TRUIF)?
What is Steve Nicol's background in the mining industry?
What is the Golden Rose Project mentioned in relation to TRU Precious Metals (OTCQB:TRUIF)?
When did TRU Precious Metals (OTCQB:TRUIF) announce its earn-in agreement with Eldorado Gold ?
