VANCOUVER, April 20, 2020 /PRNewswire/ - Trilogy
Metals Inc. (TSX / NYSE American: TMQ) ("Trilogy Metals" or the
"Company") announces the appointment of Tony Giardini as President and Chief Executive
Officer effective June 1, 2020.
Mr. Giardini has been a director of the Company since 2012, when it
was spun-out as a public company, and will continue to be an
executive director.
Mr. Giardini has extensive experience as an executive officer
and key leadership team member with his previous roles as President
of Ivanhoe Mines Ltd. ("Ivanhoe Mines"), a base metals development
and exploration company, and as Chief Financial Officer at Kinross
Gold Corporation ("Kinross Gold"), a senior gold producer. Both
companies operated assets and complex international projects at
various stages of development. Tony has extensive experience with
joint ventures and large capital projects, including Ivanhoe's
three large development assets, Platreef, Kipushi and Kamoa-Kakula.
Prior to joining Ivanhoe Mines,
he was Executive Vice President and Chief Financial Officer of
Toronto-based Kinross Gold, a position he held since
December 2012. From 2006 to 2012, Mr.
Giardini was Chief Financial Officer of the original Ivanhoe Mines (now Turquoise Hill Resources)
where he was a member of the Technical Committee overseeing the
development of the Oyu Tolgoi project. Prior to that he spent
10 years at Placer Dome where he held a series of senior financial
positions, including Vice President and Treasurer.
Janice Stairs, Chair of the Board
of Trilogy Metals, commented, "After an extensive global search, we
are delighted to welcome Tony to the President and CEO role at
Trilogy Metals. We will greatly benefit from his wealth of
experience with joint ventures and large capital projects, his
proven track record of building and leading successful teams, his
capital raising expertise, and his track record of executing
strategies that increase shareholder value. We look forward to his
leadership in taking Trilogy Metals through its next phase of
growth and development."
Mr. James (Jim) Gowans will
continue in his role as Interim President and Chief Executive
Officer until May 31, 2020. Mr.
Gowans remains in his role as a director of the Company and he will
continue as a member of the Board of Ambler Metals LLC, overseeing
the Company's interests in its joint venture with South32 Limited.
The Board of Directors of Trilogy Metals wishes to thank Jim for
his ongoing contributions to the Company.
About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development
company which holds a 50 percent interest in Ambler Metals LLC
which has a 100 percent interest in the UKMP in northwestern
Alaska. On December 19, 2020, South32, which is a globally
diversified mining and metals company, exercised its option to form
a 50/50 joint venture with Trilogy. The UKMP is located within the
Ambler Mining District which is one of the richest and
most-prospective known copper-dominant districts located in one of
the safest geopolitical jurisdictions in the world. It hosts
world-class polymetallic VMS deposits that contain copper, zinc,
lead, gold and silver, and carbonate replacement deposits which
have been found to host high-grade copper and cobalt
mineralization. Exploration efforts have been focused on two
deposits in the Ambler mining district - the Arctic VMS deposit and
the Bornite carbonate replacement deposit. Both deposits are
located within land package that spans approximately 172,636
hectares. The Company has an agreement with NANA Regional
Corporation, Inc., a Regional Alaska Native Corporation that
provides a framework for the exploration and potential development
of the Ambler mining district in cooperation with local
communities. Our vision is to develop the Ambler mining district
into a premier North American copper producer.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, included herein, including,
without limitation, are forward-looking
statements. Forward-looking statements are frequently, but not
always, identified by words such as "expects", "anticipates",
"believes", "intends", "estimates", "potential", "possible", and
similar expressions, or statements that events, conditions, or
results "will", "may", "could", or "should" occur or be achieved.
These forward-looking statements may include statements regarding
perceived merit of properties; the effective date of Mr. Giardini's
appointment; or other statements that are not statements of fact.
Forward-looking statements involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations include the
uncertainties involving our assumptions with respect to the
likelihood and timing of the AMDIAP; the need for cooperation of
government agencies and native groups in the development and
operation of properties as well as the construction of the access
road; the need to obtain permits and governmental approvals; risks
of construction and mining projects such as accidents and other
risks and uncertainties disclosed in the Company's Annual Report on
Form 10-K for the year ended November 30,
2019 filed with Canadian securities regulatory authorities
and with the United States Securities and Exchange Commission and
in other Company reports and documents filed with applicable
securities regulatory authorities from time to time. The Company's
forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made. The Company
assumes no obligation to update the forward-looking statements or
beliefs, opinions, projections, or other factors, should they
change, except as required by law.
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SOURCE Trilogy Metals Inc.