Dale Corman – 12%
Michael Gentile – 7% / 10% FD
Sprott AM – 7%
Don Johnson – 7%
Pathfinder AM – 3%
Management ownership – 20%
Looking for investors who are willing and able to invest in the market, whether that is retail, HNW or institutional. However, we are always willing to meet investors who might be options for a future financing, noting that we do not currently need to raise money.
Hire internal project engineering lead, release results from 2021 exploration, initiate in-fill at Hushamu deposit, advance engagement with First Nations and local communities
6 Months :
Initiate PFS and baseline studies, submit Initial Project Description (a key BC EA step), initiate PFS supporting studies and trade-offs
Complete 2022 exploration, including drilling at Hushamu, additional drilling at NW Expo and other targets, material milestones complete on PFS and potential completion subject to input timelines.
The most important focus for Northisle at this time is to ensure that it undertakes engagement with First Nations to ensure continued support for the project. With First Nations support, the permitting process in BC is better able to move forward. In addition, we need to ensure that we are advancing the PFS while also continuing to create value with the drill bit on our 50 kilometer porphyry belt. Ultimately, we must judiciously source low cost capital and judiciously allocate it between project development activities and exploration in order to continue to enhance shareholder value as we have done over the last 12 months.
We have one of the largest undeveloped copper-gold projects in BC, in a jurisdiction where power is inherently low carbon. This will be increasingly critical in mine development and is already an important investment factor for public and corporate investors in mine development. We have a great team, strong relationships with first nations and a project with inherent infrastructure advantages which position us head and shoulders above other copper development opportunities. In addition, we’re in a stable political jurisdiction where the process for permitting is clearly defined and the government respects the rule of law.