Marimaca Copper Corp.: Clive Newall Appointed as Non-Executive Director
February 03 2021 - 7:00AM
Marimaca Copper Corp. (“Marimaca Copper” or the
“Company”) (TSX: MARI) is pleased to
announce that Mr. Clive Newall will be appointed as a non-executive
Director of the Board with effect from the 2nd of February 2021.
Clive has spent the last twenty-five years, and
majority of his career, in the leadership team of one of the
world’s largest global copper companies, TSX-listed First Quantum.
He is a co-founder and has been President and Director of First
Quantum since its formation in 1996. Clive graduated from the Royal
School of Mines, Imperial College, England in 1971 with an honours
degree in Mining Geology, and was awarded an MBA from the Scottish
Business School at Strathclyde University. He has worked in mining
and exploration throughout his career, having held senior
management positions with Amax Exploration Inc. and the Robertson
Group plc.
Michael Haworth, Executive Chairman of
Marimaca Copper, commented:
“Clive is an industry veteran with an
extraordinary track record of value creation for his stakeholders
and we’re extremely pleased that he has agreed to join the board of
Marimaca at an exciting and pivotal time in our development.
“Through his leadership position at First
Quantum, Clive has extensive experience in the development of
copper assets, but also supporting exploration strategies to expand
resources. Given our strategy is to move the Marimaca Oxide Deposit
through feasibility, permitting and towards production, while
concurrently testing our exciting exploration potential, the
addition of his skill and experience could not come at a better
time for the company.”
Clive Newall, commented:
“Having followed Marimaca Copper’s progress over
the years I am delighted to be joining the board. First Quantum was
founded on a small but high-quality asset, which created the
foundation for our team to build a globally significant copper
producer. The Marimaca Oxide Deposit also appears to be a unique
and high-quality asset in a fantastic jurisdiction, and I am
excited by its potential to become the cornerstone for Marimaca
Copper to build its own copper story.”
Contact InformationFor further
information please visit www.marimaca.com or contact:
Tavistock +44 (0) 207 920
3150Jos Simson/Emily Mossmarimaca@tavistock.co.uk
Forward Looking Statements
This news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation. These statements relate to future events or the
Company’s future performance, business prospects or opportunities.
Forward-looking statements include, but are not limited to, the
impact of a rebranding of the Company, the future development and
exploration potential of the Marimaca Project. Actual future
results may differ materially. 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. Forward-looking statements reflect the beliefs,
opinions and projections on the date the statements are made and
are based upon a number of assumptions and estimates that, while
considered reasonable by Marimaca Copper, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors. Such
factors include, without limitation: risks related to share price
and market conditions, the inherent risks involved in the mining,
exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of
project delays or cost overruns or unanticipated excessive
operating costs and expenses, uncertainties related to the
necessity of financing, the availability of and costs of financing
needed in the future as well as those factors disclosed in the
Company’s documents filed from time to time with the securities
regulators in the Provinces of British Columbia, Alberta,
Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince
Edward Island and Newfoundland and Labrador. Accordingly, readers
should not place undue reliance on forward-looking statements.
Marimaca Copper undertakes no obligation to update publicly or
otherwise revise any forward-looking statements contained herein
whether as a result of new information or future events or
otherwise, except as may be required by law.
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