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Fuse Cobalt Announces an Addition to Its Board of Directors

Fuse Cobalt Announces an Addition to Its Board of Directors

Fuse Coobalt宣佈董事會成員增加
Accesswire ·  2022/11/10 20:35

COQUITLAM, BC / ACCESSWIRE / November 10, 2022 / Fuse Cobalt Inc. ("the Company" or "Fuse") (TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3) ") is pleased to announce that effective today, Mr. Tim Fernback has joined the Fuse Board of Directors.

不列顛哥倫比亞省高貴林/ACCESSWIRE/2022年11月10日/Fuse Cobalt Inc.(“公司”或“導火索”)(TSXV:FUSE)(OTCQB:FUSEF)(FRA:43W3))很高興地宣佈,從今天起,蒂姆·費恩巴克先生加入了Fuse董事會。

Greg Reimer, Chairman of the Board states "We are excited to bring Tim back to our Company as an experienced Director. Tim was the former Company President & CEO from 2017 - 2018, and his experience in financing and managing public and private companies will be invaluable to Fuse's future success."

董事會主席格雷格·雷默表示:“我們很高興能將蒂姆作為一名經驗豐富的董事員工帶回我們的公司。蒂姆曾在2017年至2018年擔任總裁公司的首席執行官,他在融資和管理上市公司和私營公司方面的經驗將對熔絲未來的成功起到不可估量的作用。”

In the past, Tim has held multiple senior executive positions, including oversight of the Investment Banking and Corporate Finance Divisions at Wolverton Securities, formerly Western Canada's oldest brokerage firm. He was also responsible for the consulting practice at Discovery Capital Corporation, a prominent British Columbia venture capital firm that specializes in financing and consulting. During his time at Wolverton Securities, Mr. Fernback was responsible for due diligence reviews on corporate clients and investment banking business development relationships. He planned and opened 3 regional offices in western Canada and reviewed and analyzed over 300 corporate clients, raising over $750M. Responsible for over 50 IPOs and over 100 Reverse-Mergers on the TMX and Nasdaq, Mr. Fernback represented Wolverton nationally on various stock exchange committees and industry groups, including the Corporate Finance Advisory Group and Underwriting Groups on various Canadian exchanges.

過去,Tim曾擔任過多個高級管理職位,包括監管Wolverton Securities的投資銀行和企業融資部門,該公司曾是加拿大西部歷史最悠久的經紀公司。他還負責Discovery Capital Corporation的諮詢業務,這是一家著名的不列顛哥倫比亞省風險投資公司,專門從事融資和諮詢。在Wolverton Securities任職期間,Fernback先生負責對企業客户和投資銀行業務發展關係進行盡職調查審查。他計劃並在加拿大西部開設了3個地區辦事處,審查和分析了300多家公司客户,籌集了超過7.5億美元。Fernback先生負責多倫多證券交易所和納斯達克交易所的50多宗IPO和100多宗反向合併,他代表沃爾弗頓在全國各種證券交易所委員會和行業團體中任職,其中包括公司融資顧問組和加拿大多家交易所的承銷組。

Mr. Fernback currently serves as a Director for several Canadian mining companies. He holds an Honours B.Sc. from McMaster University and is a graduate of the Sauder School of Business at the University of British Columbia, where he completed an MBA with a concentration in Finance. He holds a Certified Professional Accounting Designation (CPA, CMA) and is an active member of many industry and trade organizations in Vancouver.

芬巴克目前在幾家加拿大礦業公司擔任董事的職務。他擁有榮譽學士學位。畢業於麥克馬斯特大學,畢業於不列顛哥倫比亞省大學紹德商學院,在那裏他完成了MBA學位,主修金融。他擁有註冊會計師資格(CPA,CMA),是温哥華許多行業和貿易組織的活躍成員。

About Fuse Cobalt Inc.

關於Fuse Cobalt Inc.

Fuse Cobalt Inc. is a Canadian based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. The Company's focus is on exploration for high value metals required for the manufacturing of batteries.

FUSE鈷公司是一家總部位於加拿大的勘探公司,在多倫多證券交易所創業板上以FUSE為代碼進行交易。該公司的重點是勘探製造電池所需的高價值金屬。

Ontario Cobalt Properties

安大略省鈷業

Fuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse's Teledyne Cobalt Project. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agnico Mine.

Fuse擁有其Glencore Bucke物業100%的權益,該物業位於安大略省Cobalt東北偏東6公里處的Bucke Township,受回購條款、生產特許權使用費及承購協議規限。Glencore Bucke物業佔地16.2公頃,位於Fuse的Teledyne Cobalt項目西邊。該公司還擁有位於安大略省Cobalt附近的Teledyne項目100%的權益,但須繳納特許權使用費。Teledyne地產毗鄰Agnico礦所在地區的南界和西界。

Glencore Bucke/Teledyne Property

Glencore Bucke/Teledyne Property

Situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario the Glencore Bucke Property adjoins, on its northeast corner, the former cobalt producing Agaunico Mine. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs. of cobalt ("Co"), and 980,000 oz of silver ("Ag") (Cunningham-Dunlop, 1979). The amount of cobalt produced from the Agaunico Mine is greater than that of any other mine in the Cobalt Mining Camp. Production ceased in 1961 due to depressed Co prices and over-supply (Thomson, 1964). The Glencore property is 100% owned by Fuse Cobalt subject to a back-in provision, production royalty and off-take agreement.

Glencore Bucke物業位於安大略省Cobalt東北偏東6公里處的Bucke鎮,在其東北角毗鄰以前生產鈷的Agaunico礦。從1905年到1961年,Agaunico礦總共生產了4,350,000磅。鈷(“鈷”)和98,000盎司銀(“銀”)(坎寧安-鄧洛普,1979)。Agaunico礦生產的鈷量比鈷礦營的任何其他礦都多。由於鈷價格低迷和供應過剩,1961年停產(湯姆森,1964)。Glencore物業由Fuse Cobalt 100%擁有,但須遵守回購條款、生產特許權使用費及承購協議。

The associated Teledyne Property, located in Bucke and Lorrain Townships, consists of 5 patented mining claims totaling 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha. The Property is easily accessible by highway 567 and a well-maintained secondary road.

相關的Teledyne財產位於Bucke和Lorrain鎮,包括5個已獲專利的採礦主張,總計79.1公頃,以及46個未獲專利的採礦主張單元,總計約700公頃。乘坐駭維金屬加工567和一條維護良好的次要道路可以很容易地到達該物業.

Over $25 million Can has been spent thus far, (2020 dollars inflation-adjusted) on the Teledyne Property resulting in valuable infrastructure including a development ramp and a modern decline going down 500 ft parallel to the main cobalt mineralized vein. The Teledyne Property is subject to a production royalty in favor of New Found Gold and an off-take agreement in favor of Glencore Canada Corp., while the Glencore Bucke Property is subject to a back-in provision, production royalty, and an off-take agreement in favor of Glencore Canada Corp. Glencore PLC is the world's largest producer of cobalt. A significant portion of the cobalt that was produced at the Agaunico Mine was located along structures (Vein #15) that extended southward towards the northern boundary of the Teledyne Cobalt Property, currently 100% owned by FUSE. Mineralization was generally located within 125 ft (38.1 m) above the Huronian/Archean unconformity. Stoping widths of up to 50 ft (15.2 m) were not unusual at the Agaunico Mine (Cunningham-Dunlop, 1979).

到目前為止,已在Teledyne地產上花費了超過2500萬加元(經通脹調整後的2020美元),從而產生了寶貴的基礎設施,包括開發坡道和與主要鈷礦化礦脈平行的500英尺的現代坡道。Teledyne資產須繳付給予New Found Gold的生產特許權使用費及給予Glencore Canada Corp.的承購協議,而Glencore Bucke物業則須繳付回購撥備、生產特許權使用費及給予Glencore Canada Corp.的承購協議。Agaunico礦生產的很大一部分鈷位於向南延伸至Teledyne鈷礦北部邊界的構造(15號礦脈)上,目前FUSE擁有100%的股份。礦化一般位於胡隆/太古宙不整合之上125英尺(38.1米)範圍內。在Agaunico礦(坎寧安-鄧洛普,1979),採場寬度高達50英尺(15.2米)並不少見。

On Behalf of the Board of Directors

我謹代表董事會

"Robert Setter"

《羅伯特·塞特》

Robert Setter, President & CEO

總裁首席執行官羅伯特·塞特

Contact Information:

聯繫方式:

Email: info@fusecobalt.com
Phone: 236-521-0207

電子郵件:info@fusecobalt.com
電話:236-521-0207

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。本新聞稿可能包含前瞻性陳述,包括但不限於涉及未來事件和條件的評論,這些評論受到各種風險和不確定因素的影響。除了對歷史事實的陳述外,涉及資源潛力、即將開展的工作計劃、地質解釋、礦業權的接收和擔保、資金可獲得性等方面的評論都是前瞻性的。前瞻性陳述並不是對未來業績的保證,實際結果可能與那些陳述大不相同。一般業務條件是可能導致實際結果與前瞻性陳述大不相同的因素。

SOURCE: Fuse Cobalt Inc.

資料來源:FUSE鈷公司


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