03:46:46 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Canada Strategic Metals Inc
Symbol CJC
Shares Issued 75,539,155
Close 2016-08-23 C$ 0.205
Market Cap C$ 15,485,527
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Canada Strategic appoints Melrose as director

2016-08-24 14:47 ET - News Release

Mr. Jean-Sebastien Lavallee reports

CANADA STRATEGIC METALS: DWAYNE MELROSE APPOINTED AS DIRECTOR

Canada Strategic Metals Inc. has appointed Dwayne Melrose as a director.

"We are very pleased to have Mr. Melrose joining the Canada Strategic's team," commented Jean-Sebastien Lavallee, president and chief executive officer of Canada Strategic Metals. "Mr. Melrose's experience in taking projects from exploration through development stage will provide great benefits for Canada Strategic Metals and its shareholders. He has respect within the capital markets in both North America and Europe, which will provide further benefits. The appointment of Dwayne as a director is an asset to the long-term strategic plan of the company."

Mr. Melrose has over 30 years of experience in the mining industry, where he has been very successful in advancing the companies from exploration into development stage. As president/CEO of True Gold Mining Inc., True Gold progressed from an exploration (prepreliminary economic assessment) company into a fully permitted and financed company that was in mine construction in just over three years. Mr. Melrose was instrumental in refocusing the project from a high-capex project into a low-capex, high-margin, heap-leach project.

Mr. Melrose spent over 20 years with Cameco Corp./Centerra Gold Inc. in Canada, the United States, Kyrgyzstan and Kazakhstan. Mr. Melrose was responsible for the exploration team and all programs at the Kumtor gold mine in the Kyrgyz Republic, where he was responsible for the discovery of the high-grade SB zone, which significantly increased the reserves and resources at the mine.

Mr. Melrose joined the Minco Mining Group in 2007, where the company successfully progressed from exploration into development stage and greatly increased in shareholder value. Mr. Melrose was directly responsible for defining the Fuwan silver deposit (157 million ounces).

The corporation has granted Mr. Melrose 200,000 stock options, each of which entitles its holder to acquire one common share for 20.5 cents until Aug. 24, 2021.

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