Trilogy Metals Announces the Resignation of Rick Van Nieuwenhuyse as CEO and the Appointment of James Gowans as Interim CEO
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News Release
Trilogy Metals Announces the Resignation of Rick Van Nieuwenhuyse
as CEO and the Appointment of James Gowans as Interim CEO
September 5, 2019 - Vancouver, British Columbia – Trilogy Metals Inc. (TSX / NYSE
American: TMQ) ("Trilogy Metals” or the “Company”) announces the resignation of Rick Van
Nieuwenhuyse as CEO, President and director of Trilogy Metals. James (Jim) Gowans has
been appointed CEO and President on an interim basis.
Mr. Van Nieuwenhuyse will remain as a consultant to the Company until Ja nuary 31, 2020
and will assist with transitional matters and with advancing the Company’s interests in Alaska.
The Board of Directors of Trilogy Metals wishes to thank Mr. Van Nieuwenhuyse for his
contributions to the Company over the years including the integral role he has played in the
development of the Ambler Mining District. In 2004, Mr. Van Nieuwenhuyse negotiated the
acquisition of the Ambler Mining District assets from Rio Tinto subsidiary, Kennecott Copper.
In 2011, he concluded an agreement with NANA Regional Corporation, Inc. for the Bornite
property further consolidating the district and developing a partnership with a leading Alaska
Native Corporation. Mr. Van Nieuwenhuyse built a partnership with the State of Alaska,
specifically, the Alaska Industrial Development and Export Authority, to promote the
development of a road to the Ambler Mining District. That effort culminated recently with the
issuance of the Draft Environmental Impact Statement for the Ambler Mining District
Industrial Access Project, a proposed 211 -mile road that will link the Ambler Mining District
to the existing rail and port infrastructure in southcentral Alaska.
About Jim Gowans
Mr. Gowans is a director of the Company and was President and CEO of Arizona Mining Inc.
from 2016 to 2018 when Arizona Mining was purchased by South32 Limited . Previously he
was a Senior Advisor to the Chairman , Co -President and EVP and COO at Barrick Gold
Corporation from 2014 to 2015. Mr. Gowans has extensive experience in Alaska . He
completed the feasibility study for the Red Dog Mine, oversaw the design and construction of
that mine and then operated Red Dog for three years after commissioning.
The Board of Directors of the Company will commence a search for a permanent Chief
Executive Officer shortly.
About Trilogy Metals
Trilogy Metals Inc. is a metals exploration company focused on exploring and developing the
Ambler mining district located in northwestern Alaska. It is one of the richest and most -
prospective known copper -dominant districts located in one of the safest ge opolitical
jurisdictions in the world. It hosts world -class polymetallic volcanogenic massive sulphide
(“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement
deposits which have been found to host high grade copper mineralization. Exploration efforts
TSX / NYSE American
Symbol: TMQ
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have been focused on two deposits in the Ambler mining district - the Arctic VMS deposit and
the Bornite carbonate replacement deposit. Both deposits are located within the Company's
land package that spans approximately 14 3,000 hectares. The Company has an agreement
with NANA Regional Corporation, Inc., a Regional Alaska Native Corporation , that provides a
framework for the exploration and potential development of the Ambler mining district in
cooperation with local communities. Our vision is to develop the Ambler mining district into a
premier North American copper producer.
Company Contacts
Elaine Sanders Patrick Donnelly
Chief Financial Officer Vice President Corporate Communications
& Development
604-638-8088 or 1-855-638-8088
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Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking information” and "forward-looking statements”
(collectively "forward-looking statements”) within the meaning of applicable Canadian and United
States securities legislation including the United States Private Securities Litigation Reform A ct of
1995. All statements, other than statements of historical fact, included herein, are forward-looking
statements. Forward-looking statements are frequently, but not always, identified by words such
as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar
expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should”
occur or be achieved. These forward -looking statements may include statements regarding
perceived merit of properties; exploration plans and budgets; mineral reserves and resource
estimates; timing of the feasibility study; funding by South32; work programs; capital
expenditures; timelines; strategic plans; market prices for precious and base metals; or other
statements that are not statements of fact. Forward-looking statements involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company's
expectations include the uncertainties involving the interpretation of drill results, the need for
additional financing to explore and develop properties and availability of financing in the debt and
capital markets; uncertainties involved in the interpretation of drilling results and geological tests
and the estimation of reserves and resources; the need for cooperation of g overnment agencies
and native groups in the development and operation of properties as well as the construction of
the access road; the need to obtain permits and governmental approvals; risks of construction and
mining projects such as accidents, equipmen t breakdowns, bad weather, non -compliance with
environmental and permit requirements, unanticipated variation in geological structures, metal
grades or recovery rates; unexpected cost increases, which could include significant increases in
estimated capital and operating costs; fluctuations in metal prices and currency exchange rates;
and other risks and uncertainties disclosed in the Company’s Annual Report on Form 10 -K for the
year ended November 30, 2018 filed with Canadian securities regulatory authorit ies and with the
United States Securities and Exchange Commission and in other Company reports and documents
filed with applicable securities regulatory authorities from time to time. The Company's forward -
looking statements reflect the beliefs, opinions a nd projections on the date the statements are
made. The Company assumes no obligation to update the forward -looking statements or beliefs,
opinions, projections, or other factors, should they change, except as required by law.