Nevada Copper Announces Appointment of Mike Ciricillo as Chief Executive Officer and Board Changes
October 15 2020 - 8:45PM
Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”)
is pleased to announce the appointment of Mike Ciricillo as acting
Chief Executive Officer.
Appointment of Mike Ciricillo
Mr. Ciricillo was previously the Head of Copper
Industrial Operations for Glencore Plc, where he oversaw Glencore’s
worldwide copper assets. Prior to Glencore, he has held a number of
senior management roles during a 20-year tenure with Phelps Dodge
and Freeport McMoRan, including as President of Tenke Fungurume
Mining and General Manager of Miami Arizona Operations. Throughout
his career Mr. Ciricillo has overseen numerous significant copper
operations in the US and abroad.
The board of directors is pleased to welcome Mr.
Ciricillo to Nevada Copper and look forward to his leadership. His
exceptional depth of experience in managing copper operations both
underground and open pit, in the U.S. and internationally, will be
invaluable as the Company advances through its ramp-up to
steady-state production from its underground mine and advances its
organic growth pipeline, including the Open Pit project.
The board of directors would also like to thank
Mr. Spencer for his commitment during this year and look forward to
his ongoing involvement. Mr. Ciricillo will assume the role of
acting CEO from Evan Spencer, effective October 26, 2020. The
impact of the COVID-19 pandemic delaying the issuance work permits
has restricted the ability for Mr. Spencer to relocate to Nevada.
Mr. Spencer has played a crucial role in systems implementation,
execution of the development plan and shaft completion over 2020,
including managing the business through the impacts of the COVID-19
pandemic in Q2 2020 and culminating in the successful restart of
copper production in August 2020. Mr. Spencer will remain actively
engaged with Nevada Copper for an interim period, supporting in
mine planning and the transition with Mr. Ciricillo.
Mr. Ciricillo joins a maturing senior management
team, with the recent appointments of Andre van Niekerk as Chief
Financial Officer and Dale Ekmark as Chief Operating Officer
(formerly Vice President at Detour Gold).
Board Changes
The Company is also pleased to announce that
Kate Southwell has been appointed to the board of directors of
Nevada Copper, replacing Phillip Day, who has stepped down from the
board.
Mr. Day has provided significant support to
Nevada Copper through the design and construction phases of the
Pumpkin Hollow underground mine, and his process engineering
experience has been invaluable in supporting the commissioning of
the Pumpkin Hollow processing facility. Ms. Southwell has over 15
years of experience as a legal professional and brings substantial
knowledge and expertise in legal and commercial issues, including
regulatory, sustainability and risk management matters at the time
when the Company has become a copper producer. She is a currently a
Vice President at Pala Investments, and has previously worked at
Nyrstar and Shearman & Sterling.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer
and owner of the Pumpkin Hollow copper project. Located in Nevada,
USA, Pumpkin Hollow has substantial reserves and resources
including copper, gold and silver. Its two fully permitted projects
include the high-grade underground mine and processing facility,
which is now in the production stage, and a large-scale open pit
project, which is advancing towards feasibility status.
NEVADA COPPER
CORP.www.nevadacopper.com
For further information
contact:Rich Matthews, Investor RelationsIntegrous
Communicationsrmatthews@integcom.us+1 604 757 7179
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