12:10:44 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Tectonic Metals Inc
Symbol TECT
Shares Issued 330,700,924
Close 2024-03-12 C$ 0.095
Market Cap C$ 31,416,588
Recent Sedar Documents

Tectonic Metals add Armstrong to board

2024-03-12 10:35 ET - News Release

Mr. Tony Reda reports

TECTONIC METALS APPOINTS DR. JOHN ARMSTRONG TO THE BOARD OF DIRECTORS

Tectonic Metals Inc. has appointed Dr. John P. Armstrong, PhD, PGeol, to its board of directors. Curtis J. Freeman has resigned from its board of directors.

"It is an honour to welcome Dr. John Armstrong's to Tectonic Metals' board of directors," expressed Tony Reda, president and chief executive officer of Tectonic. "Our collaboration dates back to the formative years at Kaminak Gold Corp., where I was privileged to learn from John and observe his remarkable geological and exploration acumen in action, as well as the high regard in which he is held by his colleagues. Fast forward some 20 years later and I now have the privilege to work with him again. John brings a valuable perspective to the Tectonic board with his wealth of experience in business, government and regulatory affairs, mineral deposits, and the advancement of projects from exploration through development and into production. His distinguished career is marked by successful exploration projects as well as operational experience in both open pit and underground mining. We eagerly look forward to the invaluable insights, strategic direction, and wealth of knowledge that John will bring to our board. His appointment marks an exciting new chapter for Tectonic Metals.

"It is with a deep sense of gratitude that we also announce Curt Freeman's retirement from our board of directors," stated Mr. Reda. "Curt's profound understanding of Alaska, geological expertise and dedication have been instrumental in shaping Tectonic into the exploration company it is today. On behalf of the entire Tectonic team, I extend our heartfelt thanks for his valued contributions and years of service and wish him all the best in everything he undertakes."

About Dr. Armstrong, PhD, PGeol

Dr. Armstrong has more than 30 years of combined experience in mining, mineral exploration and government. Dr. Armstrong was with Lucara Diamond Corp. for more than 10 years where he was the vice-president of mineral resources and then in 2018 the vice-president of technical services. He was directly involved in the implementation of innovative and transformative diamond recovery techniques and responsible for modelling the unique diamond size distribution of the Karowe diamond mine. Dr. Armstrong led the Lucara team through study phases and ultimately the start of underground mining in progressing the Karowe underground expansion project. Dr. Armstrong has been involved in the planning and execution of successful diamond exploration and sampling programs ranging from generative to delineation and valuation. Dr. Armstrong spent his early career working on gold projects and mines in Yellowknife, Red Lake and the Hope Bay greenstone belt. He was also the district geologist and diamond geologist for Indigenous and Northern Affairs Canada (INAC) between 1998 and 2004. Dr. Armstrong was the Hutchison visiting chair for mineral deposits at the University of Western Ontario from 2008 to 2010 where he served as a visiting professor, educating and mentoring the next generation of geologists -- some of which have since become notable executives in the exploration industry. Dr. Armstrong received an undergraduate degree and his PhD in geology from the University of Western Ontario, where his PhD focused on the silicate and sulphide mineral chemistry of free-milling and refractory gold ores of the Con mine, Yellowknife.

Dr. Armstrong is married to Allison Rippin Armstrong, who has been a director of Tectonic since 2019 and Tectonic board chair since 2021.

Stock option grant

The company announces that it has granted an aggregate of 800,000 incentive stock options to a director and key consultant to purchase up to 800,000 common shares in the capital of Tectonic. The incentive stock options have a term of five years from the date of grant, vesting periods up to three years, and an exercise price of 10 cents per option share.

About Tectonic Metals Inc.

Tectonic brings a highly disciplined capital allocation and development process to mineral exploration. By consistently limiting their focus to Tier 1 opportunities that fit their formula for mine economics, and de-risking projects up front, the team has established a tremendous record of success. Members of the Tectonic team have been directly involved in identifying and monetizing several significant gold discoveries throughout North America that have created a tremendous amount of value for shareholders and stakeholders.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.