Mr. Paul Olmsted reports
NORTHWEST COPPER ANNOUNCES APPOINTMENT OF GEOFFREY CHINN, P.GEO, AS VP BUSINESS DEVELOPMENT AND EXPLORATION
Northwest Copper Corp. has appointed Geoffrey Chinn, PGeo, 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 record in exploration targeting, resource estimation project evaluation and business development.
"We are excited to welcome Mr. Chinn to the Northwest team," said chief executive officer Paul Olmsted. "His deep industry knowledge and expertise in evaluating and advancing all aspects of projects from early-stage exploration through to prefeasibility 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 director of corporate development of Iamgold Corp., 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 prefeasibility 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, 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 led their integrated data target generation for VMS (volcanogenic massive sulphide) and copper porphyry systems. Mr. Chinn is a professional geoscientist (PGO) and holds a BSc in geology and an MSc(A) in mineral exploration.
As the incoming vice-president, 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 RSUs to Mr. Chinn pursuant to its equity incentive plan upon his joining the company on March 17, 2025.
The stock options will have an exercise price based on the TSX Venture Exchange 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, will 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 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. The company is committed to responsible mineral exploration that involves working collaboratively with first nations to ensure future development incorporates stewardship best practices and traditional land use.
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