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Norra Metals Corp
Symbol NORA
Shares Issued 53,750,173
Close 2020-10-06 C$ 0.165
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Norra Metals appoints Basi as director

2020-10-07 09:28 ET - News Release

Mr. Minaz Devji reports

NORRA METALS APPOINTS MR. JEET BASI AS BOARD MEMBER

Norra Metals Corp.'s board of directors has appointed Jeet Basi as a director of the company, effective immediately.

Mr. Basi is an established mining industry professional with over 15 years of technical leadership experience in global public mining companies, including Newmont, Goldcorp and Teck Resources. Mr. Basi has a passion for growing a collaborative culture of technical excellence focused on maximizing net asset value (NAV). Mr. Basi most recently held the position of senior adviser, Newmont North America, where he was responsible for implementing industry-leading best practices in the areas of technical services, project development and strategic planning across all of Newmont's Canadian, U.S. and Mexican assets. Prior to Newmont, Mr. Basi held the position of corporate manager of processing and metallurgy for Goldcorp. During his eight-year tenure with Goldcorp, Mr. Basi established a record of delivering bottom-line growth across all major assets within the global portfolio. Specific value-adding highlights include a $500-million NAV improvement at the Penasquito mine, a $300-million NAV improvement at the Los Filos mine and a $100-million NAV improvement at the Coffee gold mine project. Prior to Goldcorp, Mr. Basi spent five years at Teck's Highland Valley Copper operation, where he most notably facilitated the mill optimization and expansion projects, resulting in an opportunity to increase annual free cash flow by $25-million through increased metal recoveries. Mr. Basi brings extensive due diligence knowledge in the merger and acquisition space in both acquisition and divestment scenarios. Mr. Basi is a well-recognized industry professional and has contributed multiple publications within the technical community. Mr. Basi holds a bachelor of applied science in mining and mineral process engineering from the University of British Columbia with a minor in commerce.

Mike Devji, president and chief executive officer of Norra Metals, stated: "On behalf of the board of directors, I am very pleased to welcome Jeet Basi to the company. We are confident that Jeet's proficiencies, experience and perspective will be of great value to Norra Metals as the company grows."

About Norra Metals Corp.

Norra Metals' primary focus is the exploration potential on the Bleikvassli property as a former copper-zinc-lead-silver (plus or minus gold) producer, which represents an immediate and significant exploration target for the company. The Bleikvassli property is located in central Norway, contains power and paved roads on site, and is close to tidewater and nearby rail service. Management has been mandated to focus on safe, mining-friendly jurisdictions and government regulations supportive of mining operations.

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