LONGUEUIL, Quebec, November 18, 2021 (GLOBE NEWSWIRE) – Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Society“) announces proposed changes to its Board of Directors which will be submitted for approval at its next annual and special meeting of shareholders of the Company (the” AGM “) to be held on December 16, 2021.
The Company proposes to increase the size of the Board from five to eight directors. In addition to Denis Miville-Deschênes (current director, president and chief executive officer) and Jo Mark Zurel (current director and president of the audit committee), Jonathan Cherry, Caroline Donally, Iain Farmer, Stephen J. Hicks, Melanie R Miller and David B. Tennant will be introduced as the new nominee.
As announced on August 30, 2021, Company President David Fennell, who was instrumental in building the company’s high-quality copper assets in Michigan, will not be running for re-election. John Johnson and Jean Desrosiers will also retire at the AGM.
As previously announced, the Company has initiated a process to rejuvenate its Board of Directors. The Company retained the services of an external professional search firm to identify individuals with the qualifications, skills and experience necessary to meet the characteristics that the Company was seeking to support short and medium term needs and strategy. commercialization of the Company. The new nominees are:
Jonathan Cherry, a Chartered Professional Engineer, has been President, CEO and Director of PolyMet Mining Corp., a Minnesota copper and nickel mining company, since July 2012. Prior to joining PolyMet, Mr. Cherry worked at Rio Tinto for 20 years in various positions, including General Manager, where he was responsible for the permits and initial development of the Eagle mine in Michigan’s Upper Peninsula.
Caroline donally, Chartered Accountant with over 25 years of experience, has been Managing Director of Sprott Inc. and Managing Partner of Sprott Resource Streaming and Royalty since October 2020. Prior to that, Ms. Donally spent nine years at Denham Capital where she was responsible for research mining investment opportunities and managing all aspects of a $ 1 billion mining investment portfolio in North and South America and Africa. Prior to Denham, Ms. Donally was involved in multiple structured cross-border financing and investments in the mining sector, primarily across Africa.
Iain farmer is Vice-President, Corporate Development of Osisko Gold Royalties Ltd since February 2020; prior to that, he was Director of Valuations at Osisko, where his responsibilities included the financial and technical valuation of investments as well as the origination and execution of transactions. Mr. Farmer previously worked in equity research spanning the mining sector. Mr. Farmer holds a bachelor’s and master’s degree in mining engineering, an MBA and has held the CFA charter since 2016.
Stephen j hicks has been President and CEO of JM Longyear, LLC, a Michigan-based privately held asset management firm, since 2000. He has extensive expertise in the development and execution of long-term business strategies and operations and has been involved in mining and resource projects in the state of Michigan and Minnesota. Mr. Hicks graduated in accounting.
Melanie R. Miller is an executive with over 20 years of experience in the mining industry, focusing on supply chain innovation, strategic planning and analysis, and organizational management. She was Managing Director of Hemlo Operations at Barrick Gold Corporation from 2017 to 2018 and Vice President of Supply Chain from 2014 to 2017; prior to that, she served as Vice President, Global Supply Chain at Newmont Corporation. Ms. Miller has degrees in finance and political science. She currently offers coaching and consulting services for executives.
David B. Tennant is a lawyer with 30 years of experience in acquisitions and divestitures, securities law and general corporate and commercial matters. From 1990 to 2019, Mr. Tennant was a partner at McCarthy Tétrault LLP, one of the largest law firms in Canada, and served on the boards of directors of numerous corporations and charities. Mr. Tennant holds a joint law degree and an MBA from the University of Western Ontario.
“I would like to express my sincere gratitude to David Fennell, John Johnson and Jean Desrosiers for their contribution to the Society over the past years and wish them good luck in their future endeavors. said Denis Miville-Deschênes, President and CEO of Highland. He added, “I believe our shareholders will be well served with the exceptional roster of directors proposed. Candidates have a strong balance of skills and experience to support the company in its goal of expanding its Copperwood and White Pine projects in Michigan.. “
Additional information on the nominees can be found in the Management Proxy Circular provided to the shareholders of the Company in connection with the AGM and available on the Company’s website at www.highlandcopper.com and on SEDAR (www.sedar.com).
Highland Copper Company Inc. is a Canadian company focused on the exploration and development of copper projects in the Upper Peninsula of Michigan, United States. Information on the Company is available on SEDAR at www.sedar.com and on the Company’s website at www.highlandcopper.com.
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.
For more information, please contact:
Denis Miville-Deschênes, President and Chief Executive Officer