EMC Announces New Board Director
July 17, 2014 (Source: BusinessWire) — EMC Metals Corp. (the “Company” or “EMC”) (TSX:EMC) announces today that it has appointed Mr. James R. Rothwell to the EMC Board as an independent Director.
Mr. Rothwell has held numerous senior management roles and board positions in Canadian public mining companies, including Chairman of Shore Gold Inc. and Kensington Resources Ltd., Board Director for Motapa Diamonds Inc. and President, CEO and Director of Inca Pacific Resources and Dia Met Minerals Ltd. Prior to these Canadian company positions, he served for 27 years with Utah International and BHP in a number of business roles in the US, Canada, Brazil and Australia. With BHP, his operational experience included thermal coal, iron ore, coking coal, manganese, diamonds, and the leadership of the BHP Minerals marketing effort worldwide. His role as President, BHP Diamonds saw him lead BHP into the diamond industry in 1997, via development of the EKATI Diamond Mine in NWT, Canada, from mine construction (C$1Bn) through commissioning to operation. Jim was instrumental in the formation of an independent marketing channel for diamonds in Antwerp. He has served on minerals industry associations in Australia, the USA and Canada. Jim has a BA (Economics) and an MBA (Finance/Accounting) from Stanford University.
Mr. George Putnam, CEO of EMC Metals commented:
“We are very pleased to have Jim join the EMC Board as an independent Director. He brings considerable additional experience to the Board regarding project development and operations management, but most particularly, his career-spanning global minerals marketing experiences will be hugely beneficial to the EMC team as we develop our global scandium business from Australia.”
Mr. William B. Harris, Chairman of EMC commented:
“We enthusiastically welcome Jim Rothwell to the EMC Board. His experience in development and management of minerals projects for value in specific markets is well aligned with EMC’s current direction, and we expect he will offer valuable guidance to the management and the Board as we work to develop Nyngan.”
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About EMC Metals
EMC is focused on specialty metals resources and project development, specifically scandium. The Company owns a 100% interest in both the Nyngan Scandium Project, and the adjacent Honeybugle Scandium Property, in New South Wales, Australia, EMC’s interest in both Nyngan and Honeybugle can potentially be reduced to 80% in the future, based on certain current granted option rights. The Company filed a NI 43-101 Measured and Indicated Resource on the Nyngan Project in 2010, has completed and press released extensive metallurgical test work on the resource, and intends to produce and complete a Feasibility Study on the project in 2015. In addition, EMC owns a 100% interest in the Tordal Scandium/REE property in southern Norway, where we continue our exploration efforts, specifically for scandium and REE minerals.
The technical information in this news release has been reviewed by Willem Duyvesteyn, a Qualified Person as defined by National Instrument NI 43-101. Mr. Duyvesteyn is employed by EMC Metals Corp.
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EMC Metals Corp.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws, and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This press release contains forward-looking information that does involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements regarding long term prices for scandium, our ability to find and retain qualified management and key technical persons to operate a scandium project, our ability to raise the necessary capital to fund development, construction and operation of a mining project and operations, the short term or long term economic feasibility of scandium production at any of our scandium projects or properties, and in general, statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. Forward-looking information in this press release is based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice, and by other risk factors disclosed in our public filings. Except as required by law, EMC assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.
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