Brahm Spilfogel Joins Nuclear Fuels Board of Directors
Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) has announced the appointment of Brahm Spilfogel to its Board of Directors, effective immediately.
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Rhea-AI Summary
Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) has announced the appointment of Brahm Spilfogel to its Board of Directors, effective immediately. Spilfogel, an award-winning financial executive with over 25 years of experience in resource portfolio management, will also serve on the Audit and Compensation Committees. The company has also announced a $98,750 CDN private placement, with Spilfogel participating for 250,000 shares at $0.395 per common share.
Spilfogel recently retired from RBC Global Asset Management, where he co-managed portfolios exceeding $2 billion. The company has granted him incentive stock options for 300,000 common shares at $0.395 per share, expiring October 9, 2027. Additionally, Nuclear Fuels announced the retirement of Lawrence Lahusen from the Board of Directors.
Positive
- Appointment of experienced financial executive Brahm Spilfogel to the Board of Directors
- Private placement of $98,750 CDN, indicating investor confidence
- Spilfogel's extensive experience in resource portfolio management and engagement with corporate boards
Negative
- Retirement of Lawrence Lahusen from the Board of Directors
Details
News Market Reaction – NFUNF
The recorded move for NFUNF in the trading session of this news was -0.32%.
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CSE:NF
OTCQX:NFUNF
William M. Sheriff, Chairman of Nuclear Fuels commented, "It is with great pleasure that we welcome Brahm to the Board of Directors, enhancing our skill set with his multiple decades as a resource portfolio manager with one of
Brahm Spilfogel, Director
Brahm Spilfogel is an award-winning financial executive with over 25 years of experience in resource portfolio management. He recently retired from RBC Global Asset Management where he served as Managing Director and Senior Portfolio Manager, co-managing a number of portfolios including the RBC Global Precious Metal Fund, RBC Global Resources Fund, and the RBC Small and Mid-Cap Resources Fund, with assets exceeding
Throughout his career, Mr. Spilfogel has demonstrated exceptional leadership, mentoring colleagues and driving consistent fund performance. He holds a Bachelor of Commerce degree from McGill University and is a Chartered Financial Analyst (CFA).
The Company also announces it has granted Mr. Spilfogel incentive stock options to purchase 300,000 common shares exercisable at a price of
The Company also announced the retirement of Lawrence (Larry) Lahusen from the Board of Directors and thanks him for his service to the Company.
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale In-Situ Recovery ("ISR") amenable uranium projects towards production in
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to planned exploration programs and the results of additional exploration work in seeking to establish mineral resources as defined in NI43-101 on any of our properties. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the completing planned exploration programs and the results of those programs; the ability to access additional capital to fund planned and future operations; regulatory risks including exploration permitting; risks associated with title to our mineral projects; the ability of the company to implement its business strategies; and other risks including risks contained in documents available for review at www.sedar.com under the Company's profile. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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SOURCE Nuclear Fuels Inc.
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