VANCOUVER, BC, Aug. 25, 2020 /PRNewswire/ – South32 Restricted (“South32”) and Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) (“Trilogy Metals”), companions in Ambler Metals LLC (“Ambler Metals”), announce that the Board of Ambler Metals LLC (“Ambler Metals”) has appointed Ramzi Fawaz as President and Chief Govt Officer of Ambler Metals efficient 1 September 2020. Ambler Metals is the 50/50 three way partnership firm shaped by South32 and Trilogy Metals to discover and develop the Higher Kobuk Mineral Initiatives (“UKMP”).
Mr Fawaz joins Ambler Metals from Newmont Company the place he was Senior Vice President Initiatives from February 2011 to October 2019, with duty for the event and execution of Newmont’s main gold and copper tasks globally.
Earlier than becoming a member of Newmont, Mr Fawaz served as Senior Vice President Operations at Atomic Vitality Canada Ltd. the place he led all challenge improvement, refurbishment and constructing of the CANDU reactor tasks. Previous to Atomic Vitality, he was with Royal Dutch Shell, the place he labored for 30 years in numerous senior roles. Amongst these, Mr Fawaz was accountable for main the Athabasca Oil Sands Enlargement Undertaking in Canada and the Nigeria LNG Practice three and LPG enlargement challenge in Nigeria.
Mr. Fawaz brings to the function in depth management expertise in US and worldwide challenge improvement. All through his profession, he has engaged extensively with all stakeholders associated to main challenge developments, together with government administration, boards of administrators, shareholders, native communities, contractors, utilities and numerous regional and federal authorities businesses.
South32 Chief Govt Officer Graham Kerr mentioned, “We welcome Ramzi’s appointment as President and CEO of the Ambler Metals staff. With a long time of expertise within the improvement of main assets tasks, his management shall be integral to the following section of Arctic research and unlocking the worth of the Ambler District’s high-quality base and treasured metals assets.”
President and CEO of Trilogy Metals Tony Giardini mentioned, “After an exhaustive international search, we now have secured an individual who I feel will make a major contribution to the expansion and improvement of the UKMP. Ramzi has a monitor document of success within the improvement of distant tasks.”
Mr Fawaz has a Bachelor of Science in electrical engineering on the American College of Beirut in Lebanon and a Grasp’s diploma in energy engineering on the College of California, Berkeley.
South32 is a globally diversified mining and metals firm. Our goal is to make a distinction by growing pure assets, enhancing folks’s lives now and for generations to return. We’re trusted by our house owners and companions to grasp the potential of their assets. We produce bauxite, alumina, aluminium, power and metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia, Southern Africa and South America. With a give attention to rising our base metals publicity, we even have two improvement choices in North America and several other partnerships with junior explorers around the globe.
Trilogy Metals Inc. is a metals exploration and improvement firm which holds a 50 % curiosity in Ambler Metals LLC which has a 100 % curiosity within the UKMP in north western Alaska. On December 19, 2019 South32, which is a globally diversified mining and metals firm, exercised its choice to type a 50/50 three way partnership with Trilogy. The UKMP is situated inside the Ambler Mining District which is among the richest and most-prospective recognized copper-dominant districts situated in one of many most secure geopolitical jurisdictions on the planet. It hosts world-class polymetallic VMS deposits that include copper, zinc, lead, gold and silver, and carbonate substitute deposits which have been discovered to host high-grade copper and cobalt mineralization. Exploration efforts have been targeted on two deposits within the Ambler mining district – the Arctic VMS deposit and the Bornite carbonate substitute deposit. Each deposits are situated inside land bundle that spans roughly 172,636 hectares. The Firm has an settlement with NANA Regional Company, Inc., a Regional Alaska Native Company that gives a framework for the exploration and potential improvement of the Ambler mining district in cooperation with native communities. Our imaginative and prescient is to develop the Ambler mining district right into a premier North American copper producer.
This press launch contains sure “forward-looking info” and “forward-looking statements” (collectively, “forward-looking statements”) inside the that means of relevant securities laws, together with, however not restricted to, statements concerning the financial potential of the Ambler Mining District or the potential improvement of the Arctic challenge. These forward-looking statements mirror expectations on the date of this launch; nevertheless, they don’t seem to be ensures or predictions of future efficiency. They contain recognized and unknown dangers, uncertainties and different components, lots of that are past our management, and which can trigger precise outcomes to vary materially from these expressed within the statements contained on this launch. Readers are cautioned to not put undue reliance on forward-looking statements. Besides as required by relevant legal guidelines or laws, neither Trilogy Metals nor South32 undertakes to publicly replace or assessment any forward-looking statements, whether or not on account of new info or future occasions. Previous efficiency can’t be relied on as a information to future efficiency. Essential components that would trigger precise outcomes to vary materially from Trilogy Metals’ expectations embody dangers associated to the allowing, financing and development of the UKMP and different dangers and uncertainties disclosed in Trilogy Metals’ Annual Report on Type 10-Okay for the yr ended November 30, 2019 filed with the Canadian securities regulatory authorities and with the USA Securities and Change Fee and in different Trilogy Metals stories and paperwork filed with relevant securities regulatory authorities occasionally.
SOURCE Trilogy Metals Inc.