Culico Metals Culico Metals August 28, 2024

Culico Metals Inc

TSXV: CLCO

Culico Metals Inc

info@culicometals.com

Culico is a company focused on creating value in the mineral exploration, development and production sector. Culico’s current assets include a 1% lithium royalty on certain mining interests held by Kali Metals Limited (ASX:KM1), the right to receive a deferred consideration payment due to the on-sale of the Dumont project and approximately C$10 million in cash. The Dumont project is a large-scale nickel deposit located 25 km west of the town of Amos in the established Abitibi mining camp in the mining-friendly Canadian province of Québec. Culico holds an interest in the net proceeds from a future sale or other monetization event involving the Dumont project.

Management Team

  • Previously, Mr. Huet was Chairman and CEO of Karora Resources Inc. from 2019 -2024 until its acquisition by Westgold Resources Limited. Prior to that he was President, Chief Executive Officer and Director of Klondex Mines from 2012 – 2018, until its acquisition by Hecla Mining Company.
  • Mr. Huet has a strong command of capital markets and has served in all levels of engineering and operations of Mining. Mr. Huet graduated with Honors from the Mining Engineering Technology program at Haileybury School of Mines in Ontario, and successfully completed the Stanford Executive program at the Stanford School of business. In 2013 Mr. Huet was nominated for the Premiers Award in Ontario for outstanding College graduates; he is currently a member of OACETT as an applied Science Technologist and an Accredited Director.

  • Mr. Turner has over 15 years of senior leadership, capital markets, and mining experience, with roles at Karora Resources Inc., GMP Securities, and Wardrop Engineering.
  • He was formerly the Executive Vice President, Corporate Development of Karora Resources Inc., through to its A$2.3Bn merger with Westgold Resources Limited in August 2024. Prior to this, he served as a Senior Vice President of Precious Metals Equity Research at GMP Securities for seven years, following his earlier career as a mining engineer with Wardrop Engineering (now Tetra Tech). Additionally, Mr. Turner is the co-founder of Invert Inc., a private $100M Canadian carbon reduction company.
  • Mr. Turner holds a Bachelor of Science in Mining Engineering from Queen’s University, completed the Senior Executive Leadership Program KSEP) at London Business School, is a CFA charterholder and holds the ICD.D designation.

  • Director of Karora Resources Inc. from 2008 – 2024 until its acquisition by Westgold Resources Limited.
  • Executive Vice President, Marketing, at Vale Inco until February 2008.
  • Former Executive Vice President, Marketing, at Inco from January 1997 to January 2007, based in Toronto.
  • Held positions in accounting, audit and finance with Inco in Australia, Indonesia, Singapore and Hong Kong, since joining the company in 1970.

  • Director of Karora Resources Inc. from 2008 – 2024 until its acquisition by Westgold Resources Limited.
  • Former Chairman & CEO of Inco Limited from 2002 to January 2007; joined Inco in 1973.
  • Executive Chairman of Kharrouba Copper Company Inc., and serves on the boards of Boyd Technologies and the Massachusetts Museum of Contemporary Art.

  • Director of Karora Resources Inc. from 2022 – 2024 until its acquisition by Westgold Resources Limited.
  • Experienced senior financial executive with an extensive background in financial management and reporting, mergers and acquisitions, risk management, and strategy development.
  • Served as Senior Vice President, Business Operation Management Systems and prior to that as Senior Vice President, Finance and Treasury at Kirkland Lake Gold; previously served as CFO of McEwen Mining and Vice President, Finance at Lake Shore Gold.
  • Meri is a Chartered Professional Accountant and holds a PhD in Economic Sciences, a Bachelor of Geology and Engineering and Bachelor of Economics degrees from the University of Tirana, Albania.

  • SVP Technical Services of Karora Resources from 2020 – 2024 until its acquisition by Westgold Resources Limited.
  • Mining professional with over 30 years of experience in senior technical and management roles.
  • Previously served as interim CEO and COO of Silver Elephant Mining Corp. and COO of Klondex Mines Limited.

  • Carl-Heinz Gernandt, has over 20 years of experience within the financial industry including financial planning and reporting, treasury and risk management roles.
  • Mr. Gernandt holds accreditations and memberships with The Association of Accountants and Financial Professionals in Business (CMA, CSCA), the Chartered Professional Accountants (British Columbia) (CPA) and Association of Certified Chartered Accountants (FCCA).
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