Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or
the “Company”), an emerging US-based copper developer and near-term
producer today announces it has increased the bench strength of its
Operations Team in Arizona and the Toronto-based finance team. Both
Dan Johnson, Project Manager and John Peterson, Senior
Environmental Professional, are well-known and well-respected
individuals with long careers in the Arizona mining industry, while
Kevin Canario, Director of Finance has been a key member of mining
finance teams as both an auditor and CFO.
ASCU has appointed the following:
- Dan Johnson, P.E., R.G., RM-SME, Project Manager
- Dan has been in senior leadership roles for five recently
constructed mining operations. He has also historically had senior
management responsibilities for the engineering and construction of
several other domestic and international mines, complementing the
completion of the Pre-feasibility Study and the beginnings of the
construction cycle of Cactus.
- John Peterson as Senior Environmental Professional
- John joins from the Arizona Department of Environmental Quality
and will be instrumental to the permitting process, while also
freeing up time allowing Travis Snider, VP Sustainability and
External Relations to focus solely on the Company’s ESG and the Net
Zero Carbon Emissions Journey.
- Kevin Canario, CPA, CA as Director of Finance
- Kevin joins with experience from varying finance and accounting
leadership roles in the mining industry with a focus on financial
reporting, treasury, corporate governance, risk management, and
taxation overview. He will be a key addition to the Toronto finance
team as ASCU moves through the Feasibility Studies and into project
financing.
ASCU President and CEO, George Ogilvie commented “We
welcome the new team members in anticipation of the engineering,
procurement, construction and management stage of the Project’s
development. These new positions are the first of several to set
ourselves up for an effective evolution of the Cactus Mine through
the technical studies, and towards the Project Financing
post-construction decision. Onsite at Cactus, Dan and John both
bring with them a deep knowledge and understanding of the copper
industry, including permitting in Arizona, and the hydrological and
engineering requirements of scaling to a large copper SX/EW
operation.”
Dan Johnson, P.E., R.G., RM-SME, Project Manager Mr. Johnson is a resident of Arizonan with
over three decades of environmental management, hydrological
engineering, and project management experience in the state’s
mining industry. Most recently, Mr. Johnson was Vice-President and
General Manager at Taseko’s Florence Copper Project, where he led
the company's environmental permitting, technical, construction and
operational commissioning efforts with the support of the project
team over a nine-year span. Prior to that, he was Technical
Services and Environmental Manager/Director for projects in North
America and Chile at QuadraFNX, and has held senior levels for
Phelps Dodge, Freeport-McMoRan, Rio Tinto, and Montgomery Watson
Harza. He currently sits on and is an elected officer of the
Arizona Mining Association Board of Directors.
Dan is a graduate of the
University of Arizona, and is a registered Geologist, Hydrologist,
and Professional Engineer.
John Peterson, Senior Environmental Professional Mr. Peterson has 37 years of experience
working with environmental permitting, mining, groundwater
development, environmental site assessment, environmental
remediation, and federal Superfund site management. Most recently
Mr. Peterson was a Project Manager with the Arizona Department of
Environmental Quality responsible for representing the State of
Arizona’s interest in the cleanup and maintenance of several
Arizona Superfund sites. Previously, Mr. Peterson worked in
environmental consulting in multiple capacities; managing site
assessment and cleanup of impacted sites throughout the United
States; managing and training staff; performing hydrologic
evaluation of aquifers; permitting including Aquifer Protection
Permits; and, conducting groundwater resource and water supply
studies for a major Arizona mining interest. Mr. Peterson’s clients
have included the military, mining companies, and private
enterprises.
John received a B.Sc. degree
in Hydrology from the University of Arizona.
Kevin Canario, CPA, CA, Director of Finance Mr. Canario has 15 years of accounting and
finance experience in the mining industry working in both assurance
and various leadership roles at TSX listed mining companies. Most
recently, Kevin was the CFO of the Ore Group of companies leading
the six entities through a transitionary period, and prior to that
he was the Corporate Controller of the former Battle North Gold
Corporation where he led the Company’s financial reporting and
treasury functions. At Battle North Gold he was a key part of the
team that prepared the feasibility study for the Company’s flagship
asset, and he was intimately involved in numerous M&A
initiatives. Prior to this, he was the CFO of INV Metals Inc. and
worked at PricewaterhouseCoopers LLP for 5 years within the mining
assurance practice managing audits for a variety of publicly listed
clients ranging from small exploration to large multi-asset
operations.
Mr. Canario holds a CPA, CA
and Honours Bachelor of Commerce from McMaster University, Ontario,
Canada.
Neither the TSX nor the
regulating authority has approved or disproved the information
contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com) ASCU’s objective is to become a mid-tier copper
producer with low operating costs, develop the Cactus Project that
could generate robust returns for investors, and provide a long
term sustainable and responsible operation for the community and
all stakeholders. The Company's principal asset is a 100% interest
in the Cactus Project (former ASARCO, Sacaton mine) which is
situated on private land in an infrastructure-rich area of Arizona.
Contiguous to the Cactus Project the Company is also exploring on
its 100% owned Park Salyer property that could allow for a phased
expansion of the Cactus Mine once it becomes a producing asset. The
Company is led by an executive management team and Board which have
a long-standing track record of successful project delivery in
North America complemented by global capital markets expertise.
Forward-Looking Statements Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
ASCU to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Factors that could affect the outcome
include, among others: future prices and the supply of metals; the
results of drilling; inability to raise the money necessary to
incur the expenditures required to retain and advance the
properties; environmental liabilities (known and unknown); general
business, economic, competitive, political and social
uncertainties; results of exploration programs; accidents, labour
disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20220510005435/en/
Alison Dwoskin, Director, Investor Relations Inquiries
647-233-4348 adwoskin@arizonasonoran.com
George Ogilvie, President, CEO and Director 416-723-0458
gogilvie@arizonasonoran.com
Arizona Sonoran Copper (TSX:ASCU)
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