NorthWest Copper (TSX-V:NWST) Corp said it has appointed David Smith to its board of directors effective March 14, 2022.
Smith brings 35 years of financial and executive experience to the board. He has recent M&A experience as a board member and member of the special committees, including the recent sale of Pretium Resources Inc (TSX:PVG). to Newcrest Mining for $3.5 billion, the sale of Nevsun Resources (TSX:NSU) Ltd. to Zijin Mining for $1.8 billion, and the sale of Dominion Diamond Corporation to Washington Companies for $1.5 billion.
"On behalf of all of us at NorthWest, it is my pleasure to welcome David Smith to the board. Dave brings a wealth of diverse financial, strategic and executive leadership experience to the company. The path to value creation in this business is neither singular nor unique, and it is imperative that we continue to bolster our board and executive team with strong, contemporary talent and expertise," Dr Mark O'Dea, chair of NorthWest, said in a statement.
“Dave's recent board experience with Nevsun, Dominion Diamonds, Pretium, Hudbay and IAMGOLD will be particularly valuable and relevant as we advance our pipeline of copper-gold projects towards key decision points over the coming years. I look forward to working with Dave," he added.
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Smith has served as CFO and executive VP of Finning International (TSX:FTT) Inc., and CFO and VP of Ballard Power Systems Inc. (NASDAQ:BLDP, TSX:BLDP). He also held senior positions over 16 years at Placer Dome Inc. and started his career at PricewaterhouseCoopers LLP.
He has completed the Institute of Corporate Directors, Directors Education Program (ICD.D) and he holds a Bachelor of Science (BSc) degree in Business Administration, Accounting.
Commenting on his appointment, Smith said: "I am delighted to be joining the Northwest team. The potential at Kwanika and Stardust, and properties on trend, are truly exceptional and offer a unique opportunity to create significant value for all stakeholders. I look forward to working with the team in unlocking that value."
In line with NorthWest Copper (TSX-V:NWST)’s stock option plan, Smith has been granted 400,000 stock options. They have an exercise price of $0.67, vest immediately upon grant, and are exercisable on or before March 14, 2027.
NorthWest Copper (TSX-V:NWST) is a new diversified copper-gold explorer and developer with an exciting pipeline of projects in British Columbia.
Contact the author at jon.hopkins@proactiveinvestors.com