Power Nickel appoints Beresford as director
2024-07-29 11:20 ET – News Release
Mr. Terry Lynch reports
POWER NICKEL APPOINTS GLOBAL EXPERT DR. STEVE BERESFORD TO BOARD
Internationally recognized geoscientist Dr. Steve Beresford has joined the Power Nickel Inc. board.
Dr. Beresford’s career includes being chief geologist of three major mining companies, a lecturer and professor, and the founder of several exploration companies. Dr. Beresford began his exploration career at WMC Resources and has gone onto to do field exploration in 66 countries, largely for magmatic nickel-copper-PGE (platinum group element) deposits. Dr. Beresford is currently an adjunct professor at the University of Western Australia and a board member of Agemera in Europe. Dr. Beresford received his BSc honours and PhD from the University of Canterbury (New Zealand).
“On May 1, we welcomed Steve to the team as our technical adviser, today, we welcome him as our board member. We have had a dynamic short period of time working with Dr. Beresford and we are quickly utilizing his tried and proven exploration techniques on polymetallic deposits to expedite the successful exploration of Nisk. The video below gives you an insight into his exploration thoughts and approaches.
“On Tuesday, Aug. 6, we invite you to attend a podcast with Dr. Beresford and the Power Nickel team as we walk you through our ongoing exploration program at Nisk,” commented Power Nickel chief executive officer Terry Lynch.
In explaining why he joined Power Nickel, Dr. Beresford said: “Polymetallic Ni-Cu-PGE deposits remain the premier deposit type, even with the current nickel price. These deposits are high-grade metal deposits where Cu and noble metals (PGE, Au, Ag) form equivalent value to nickel, not just credit metals. Lion is prospective for between 11 and 15 metals. It’s not academic nuance to discriminate these systems from common garden nickel deposits, it’s economics. We continue to advance the Lion discovery and I look forward to working with the Power Nickel board during these exciting times.”
In conjunction with the appointment and upon review of the company’s executive compensation, Power Nickel has awarded 4.3 million incentive stock options under the company’s stock option plan to directors and consultants at an exercise price of 66 cents per common share for terms of two to five years (depending on the particular grant).
Qualified person
Kenneth Williamson, Geo, MSc, vice-president, exploration, at Power Nickel, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.
About Power Nickel Inc.
Power Nickel is a Canadian junior exploration company focusing on developing the high-grade Nisk project into Canada’s first carbon-neutral nickel mine.
We seek Safe Harbor.
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