Ms. Maryantonett Flumian reports
NORTHWEST COPPER ANNOUNCES APPOINTMENT OF PAUL OLMSTED AS CEO
Northwest Copper Corp. has appointed Paul Olmsted as chief executive officer and a member of the board of directors, effective immediately. Mr. Olmsted brings over 30 years of experience in the mining industry, with a proven record in project evaluation, development, financing and strategic leadership.
Prior to joining Northwest Copper, from 2016 to 2023, Mr. Olmsted was the chief financial officer of Superior Gold Inc., actively involved in the acquisition of an intermediate gold producer, followed by an initial public offering and ultimately leading the company through a business combination sale in 2023. Before Superior Gold, Mr. Olmsted was the senior vice-president, corporate development, of Iamgold Corp. from 2002 to 2014, leading the company's business development activities with total transactions valued at close to $10-billion. His extensive background in project evaluation and development aligns perfectly with Northwest Copper's commitment to advancing its high-quality copper and gold assets in British Columbia.
"We are excited to welcome Mr. Olmsted to the Northwest team," said board chair Maryantonett Flumian. "His deep industry knowledge and expertise will be invaluable as we continue to drive forward our strategic initiatives of delivering value through exploration and development. We believe that Mr. Olmsted is the right leader to guide our company in this pivotal time for the industry."
In his first statement as the incoming chief executive officer, Mr. Olmsted expressed enthusiasm about the company's future and project pipeline. "The Kwanika-Stardust and Lorraine-Top Cat projects represent some of the most promising opportunities in British Columbia and globally. I am excited to lead a talented team that is dedicated to unlocking the full potential of these assets. Our focus will be on advancing the core assets of the company through sustainable development and delivering value for all stakeholders," he said.
Grant of stock options and restricted share units
Northwest Copper also announces that it has granted 650,000 stock options and 250,000 restricted share units to Mr. Olmsted pursuant to its equity incentive plan.
The stock options have an exercise price of 15 cents, vest over three years and expire after five years.
The RSUs are payable in common shares of the company on exercise, vest equally over three years, and must be redeemed within 30 days of each of Nov. 26, 2025, Nov. 26, 2026, and Nov. 26, 2027, or they expire.
About Northwest Copper Corp.
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 1 jurisdiction, Northwest Copper is well positioned to participate fully in a strengthening global copper market. It is committed to responsible mineral exploration, which involves working collaboratively with first nations to ensure future development incorporates stewardship best practices and traditional land use.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.