Hercules Metals Appoints Experienced Mining Executive Matthieu Bos as Chairman of the Board
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Hercules Metals Appoints Experienced Mining
Executive Matthieu Bos as Chairman of the Board
Toronto, Ontario / December 18, 2025 – Hercules Metals Corp. (“Hercules” or the
“Company”) ( TSX-V: BIG) (OTCQB: BADEF) (F RA: C0X) is pleased to announce the
appointment of Mr. Matthieu Bos as an independent director of the Company and Chairman
of the Board, effective immediately. Mr. Bos succeeds Peter Simeon, who will continue to
serve as a director of the Company.
Matthieu Bos is a mining executive and capital markets professional with more than 15 years
of experience spanning investment banking, project development, and corporate leadership
in the global mining sector. He brings deep expertise in large -scale copper development,
financing, and governance, with a career that bridges institutional cap ital markets and tier-
one mine building.
Mr. Bos previously spent eight years with Ivanhoe Mines Ltd. , where he served as
Executive Vice President, Africa. In this role, Matthieu was a key member of the team that
advanced and delivered the world-class Kamoa-Kakula Copper Project in the Democratic
Republic of the Congo, one of the world’s largest and highest-grade copper operations. He
was actively involved in securing US$3 billion in equity and debt financings, including
strategic investments by Zijin Mining and CITIC Metal. His other responsibilities included
capital markets strategy, government engagement, and corporate development, supporting
the successful transition of Kamoa-Kakula from development into production.
Prior to Ivanhoe, Mr. Bos was a member of the Metals & Mining Investment Banking team
at BMO Capital Markets in London , where he advised mining companies on equity and
debt financings, mergers and acquisitions, and strategic transactions across global
commodities markets. His time at BMO provided a strong foundation in institutional capital
markets, valuation, and governa nce, working closely with public company management
teams and sophisticated resource investors.
Mr. Bos also previously served as a non -executive director of Elemental Altus Royalties
Corp., providing board-level oversight of the diversified precious and base metals royalty
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portfolio, until stepping down in connection with board changes following a strategic
investment by Tether Investments S.A. de C.V. , prior to the company’s merger with EMX
Royalty Corporation.
Mr. Bos currently serves as President and Chief Executive Officer of Falcon Energy
Materials plc, a critical minerals development company backed by La Mancha Resource
Capital LLP . His combined experience as a senior mining executive, former investment
banker, and public company chairman positions him to provide strong governance,
disciplined capital allocation, and strategic guidance as Hercules continues to advance the
Leviathan porphyry copper discovery and evaluate long-term growth opportunities.
Mr. Bos holds an M.Sc. in Resource Engineering (First -Class Honours, Metallurgy) and a
B.Sc. in Applied Earth Sciences (Mining Engineering) from Delft University of Technology.
in the Netherlands.
Chris Paul, Chief Executive Officer and Director of the Company, commented: “Matthieu’s
appointment as Chairman significantly strengthens Hercules’ board at a critical stage in the
Company’s evolution . He brings a rare combination of senior mine -building experience,
capital markets expertise, and disciplined governance. His direct involvement in advancing
large-scale copper projects and securing strategic financing adds meaningful value as we
continue to advance Leviathan and position the Company for long-term growth.”
Mr. Bos added, “I am pleased to join Hercules as Chairman at an important point in the
Company’s development. “Hercules has assembled control over a significant new copper
district in Idaho. Hercules’ discovery has led to the largest North American staking rush in
30 years and has attracted the attention of every major mining company. The clear strategic
vision to develop this newly discovered copper belt into a tier one mining district, at a time
when the United States is actively encouraging new copper mine developments, is
supported by a strong technical team on the ground. I look forward to working closely with
the board and management to support disciplined decision -making, and value creation for
shareholders.”
The Company also announces that it has granted 1,000,000 incentive stock options (the
“Options”) to Mr. Bos. The Options will vest in 4 equal tranches every six months over a
period of 24 months from the date of grant. The Options are exercisable for a period of five
years with an exercise price of $ 0.60 per common share. The Options were granted
pursuant to the Company's omnibus incentive plan approved by shareholders of the
Company on July 15, 2022.
About Hercules Metals Corp.
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Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FWB: C0X) is an exploration
Company focused on developing America’s newest porphyry copper district, in Idaho.
The 100% owned Hercules Project , located northwest of Cambridge, hosts the newly
discovered Leviathan porphyry copper system, one of the most important new discoveries
in the country to date. The Company is well positioned for growth through continued drilling,
supported by a strategic investment from Barrick Mining Corporation.
With the potential for significant scale, the Company’s management and board of directors
aims to deliver value to shareholders through proven discovery success.
For further information please contact:
Chris Paul
CEO & Director
Telephone +1 (604) 670-5527
Email: [email protected]
Greg DiTomaso
Investor Relations
Telephone: +1 (647) 243-4074
Email: [email protected]
Dillon Hume
VP, Exploration
Telephone: +1 (604) 283-2043
Email: [email protected]
This news release does not constitute an offer to sell or a solicitation of an offer to buy any
of the securities in the United States. Any securities referred to herein have not and will not
be registered under the United States Securities Act of 1933, as amended (the “ U.S.
Securities Act”) or any state securities laws and may not be offered or sold within the United
States or to U.S. Persons unless registered under the U.S. Securities Act and applicable
state securities laws of an exemption from such registration is available.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed “forward -looking
information” with respect to the Company within the meaning of applicable securities laws.
Such forward -looking information involves known and unknown risks, uncertainties a nd
other factors that may cause the Company’s actual results, performance or achievements,
or developments in the industry to differ materially from the anticipated results, performance
or achievements expressed or implied by such forward-looking information. Forward-looking
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information includes statements that are not historical facts and are generally, but not
always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "potential" and similar expressions, or that events or conditions "will,"
"would," "may," "could" or "should" occur. Forward -looking information contained in this
press release may include, without limitation, the expected execution of future exploration
programs on the Property; assay results of future dri ll holes; results of operations, and the
expected financial performance of the Company.
Although the Company believes the forward -looking information contained in this news
release is reasonable based on information available on the date hereof, by its nature,
forward-looking information involves assumptions and known and unknown risks,
uncertainties and other factors which may cause our actual results, level of activity,
performance or achievements, or other future events, to be materially different from any
future results, performance or achievements expressed or implied by such forward -looking
information.
Examples of such assumptions, risks and uncertainties include, without limitation,
assumptions, risks and uncertainties associated with general economic conditions; the
Covid-19 pandemic; adverse industry events; the receipt of required regulatory approval s
and the timing of such approvals; that the Company maintains good relationships with the
communities in which it operates or proposes to operate, future legislative and regulatory
developments in the mining sector; the Company’s ability to access suffici ent capital from
internal and external sources, and/or inability to access sufficient capital on favorable terms;
mining industry and markets in Canada and generally; the ability of the Company to
implement its business strategies; competition; the risk th at any of the assumptions prove
not to be valid or reliable, which could result in delays, or cessation in planned work, risks
associated with the interpretation of data, the geology, grade and continuity of mineral
deposits, the possibility that results will not be consistent with the Company’s expectations,
as well as other assumptions risks and uncertainties applicable to mineral exploration and
development activities and to the Company, including as set forth in the Company’s public
disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF HERCULES METALS AS OF THE DATE OF
THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER
SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-
LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF
ANY OTHER DATE. WHILE HERCULES METALS MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT
AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this press release.