Nevada Silver Corporation Announces Board Changes

Rhea-AI Summary

Nevada Silver Corporation (OTCQB: NVDSF) has announced the resignation of Sheldon Inwentash as Non-Executive Chairman, effective immediately. John Kutkevicius, who holds multiple law degrees and has extensive experience in tax and estate planning, will serve as interim Chair until a new chair is appointed. The company, with a focus on silver and manganese projects, boasts an Inferred Mineral Resource of 33.5 million silver-equivalent ounces at its Corcoran Silver Project and has invested USD$24 million in the high-grade Emily Manganese Project.

Positive

• Inferred Mineral Resource of 33.5 million silver-equivalent ounces at Corcoran Silver Project.
• Acquisition of historic Belmont Silver Project, known for high ore head-grade.
• Exclusive rights over Emily Manganese Project, containing North America's highest-grade manganese resource.

Negative

• None.

News Market Reaction – NVDSF

-1.54%

1 alert

-1.54% News Effect

On the day this news was published, NVDSF declined 1.54%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, ON / ACCESSWIRE / June 14, 2022 / Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) announces that Sheldon Inwentash has resigned as Non-Executive Chairman of NSC, with immediate effect.

John Kutkevicius, a Director of the Company, will assume the role of interim Chair until a permanent replacement is announced. He holds a Bachelor of Commerce from Queen's University, a Bachelor of Laws from the University of Western Ontario and a Master of Laws from York University. John practices law exclusively in the areas of income tax and estate planning and has extensive experience in diverse areas of the income tax practice, including corporate reorganizations, mergers and acquisitions, financings, resource taxation, insurance taxation and dispute resolution. John formerly sat on the board of directors of several junior resource companies including Chariot Resources Ltd., Barkerville Gold Mines Ltd. and Changfeng Energy, Inc. and is a member of the Canadian Tax Foundation.

About Nevada Silver Corporation

Nevada Silver Corporation (TSX.V:NSC) (OTCQB:NVDSF) is a multi-commodity exploration and development company with two US-based exploration projects with NI 43-101 compliant mineral resources and an experienced, multidisciplinary technical team and board. The Company's principal asset is the Corcoran Silver Project in Nevada, which has mineralization near-surface, is open in all directions, and has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces. The Corcoran Silver Project has a number of high-priority exploration targets that provide excellent growth potential. In February 2022, NSC announced that it had acquired the historic Belmont Silver Project, which was among the earliest and richest silver mining camps in the Tonapah district, with an estimated ore head-grade averaging 25 ounces per ton of silver. In addition to Corcoran and Belmont, NSC has exclusive ownership and management rights over the Emily Manganese Project in Minnesota, USA. The Emily Project contains North America's highest-grade manganese resource and has been the subject of considerable technical studies, with USD$24 million invested to date.

For further information please contact:

Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com

CHF Capital Markets
Perry Rapagna
Manager, Corporate Development & Senior Account Manager
T: +1 (416) 868 1079 ext. 230
perry@chfir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Nevada Silver Corporation

View source version on accesswire.com:
https://www.accesswire.com/705005/Nevada-Silver-Corporation-Announces-Board-Changes

FAQ

What leadership change occurred at Nevada Silver Corporation on June 14, 2022?

Sheldon Inwentash resigned as Non-Executive Chairman, and John Kutkevicius was appointed as interim Chair.

What are the primary projects of Nevada Silver Corporation?

Nevada Silver Corporation focuses on the Corcoran Silver Project and the Emily Manganese Project.

What is the silver resource estimate for the Corcoran Silver Project?

The Corcoran Silver Project has an Inferred Mineral Resource of 33.5 million silver-equivalent ounces.

How much has Nevada Silver Corporation invested in the Emily Manganese Project?

The company has invested USD$24 million in the Emily Manganese Project.