Nighthawk Gold
Financials:
Primary ticker: TSX:NHK, OTCQX:MIMZF
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Indin Lake Gold Property
Project location: Northwest Territories, Canada
Website: www.nighthawkgold.com
Nighthawk is a well-funded, Canadian-based gold exploration company with 100% ownership of more than 930 km2 of land position within the Indin Lake Greenstone Belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada. The Company has a Mineral Resource Estimate of 38.7 million tonnes grading 1.81 grams per tonne for 2.25 million ounces of gold in the Indicated category and 11.5 million tonnes grading 2.13 grams per tonne for 0.79 million ounces of gold in the Inferred category and is advancing several highly-prospective exploration targets. Nighthawk’s experienced management team, with a track record of successfully advancing projects and operating mines, is working towards demonstrating the economic viability of its assets and rapidly advancing its projects towards a development decision.
Cash: CAD$17M
Debt: N/A
Major shareholders:
Northfield Capital – 15%
Kinross – 7%
Osisko Development Corp. – 6%
Merk Investments LLC – 6%
Ruffer LLP – 2%
Management ownership – 5%
Management Profile
Keyvan Salehi – President & CEO
Mr. Salehi has over 20 years of industry experience having held various senior roles in operations, projects, and corporate development. Prior to joining Nighthawk, Mr. Salehi served as the Vice President of Corporate Development and Technical Services with Mountain Province Diamonds, where he was responsible for providing operational and technical oversight for the Mountain Province’s jointly owned 12,000 tonnes per day diamond mine in the Northwest Territories (introducing mine optimization initiatives to increase production and reduce costs). Mr. Salehi previously served as VP of Corporate Development and Technical Services for Kirkland Lake Gold (2016-2017), where he led the Company’s due diligence team behind the $2.4B merger with Newmarket Gold. He held the same position at St. Andrew Goldfields (2013-2016), where he spearheaded the Company’s sale process culminating in the sale to Kirkland Lake Gold in 2016.
Allan Candelario – VP, Investor Relations
Mr. Candelario is an accomplished and impactful investor relations, capital markets and finance professional, bringing over 15 years of progressive experience. Most recently, Mr. Candelario was the Vice President, Investor Relations at Battle North Gold Corp., a Canadian gold developer with assets in the Red Lake Gold Camp in Northern Ontario. Allan was an integral member of the executive team that completed Battle North’s successful turnaround and the sale of the company to Evolution Mining Ltd. in 2021, delivering significant value to Battle North’s shareholders. Prior to Battle North, Mr. Candelario managed the top-ranked investor relations program at Alamos Gold Inc. and worked in equity research for Canadian bank-owned and independent broker dealers. Allan holds a Bachelor of Business Administration from the Schulich School of Business (York University) in Canada and is a CFA® charterholder (CFA Institute).
What is your rationale for taking part 121 Mining Investment?
We want to create awareness of the significant progress we have made advancing the Colomac Main and Satellite Deposits towards an economically viable open-pit gold mining operation. We want to diversify our institutional shareholder base
What recent news would you like to highlight to investors attending?
January 31, 2022: Nighthawk Gold Reports Final Phase II 2021 Drill Results from the Grizzly Bear, 24 and Colomac Main Deposits
January 17, 2022: Nighthawk Gold Appoints Two New Board Members and Vice President of Investor Relations
January 13, 2022: Nighthawk Gold Reports High Grade Results at Cass
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Publish an updated Mineral Resource Estimate before the end of Q1/2022; open the camp and prepare for 2022 drilling season
6 Months:
Continue to expand mineral resources with further drilling
12 Months:
Deliver another updated Mineral Resource Estimate and maiden PEA on the project
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
As an exploration company we perpetually need to raise capital to carry out our goals and objectives, however, with supportive shareholders and strategic partners, the Company feels financing risk is low. With an aggressive drill program planned for the next 2 years, any disruption to operations due to changing Covid conditions could impact these plans, but the Company believes it has flexibility to work around any impact.
What do you think makes your company such a compelling investment?
Nighthawk offers investors a unique opportunity to own a consolidated district-scale land position which already has a multi-million-ounce deposit at its centre within a fertile yet underexplored gold camp.
What are the top 3 key investor takeaways?
1. New management team have taken projects from grass roots through development and production and have an aggressive approach to advancing the story towards that goal.
2. The Company is well funded and has superior support from its shareholder base.
3. A lost of newsflow still ahead for 2021, along with an updated MRE at the beginning of 2022.