BACKGROUND ON MANAGEMENT OF THE COMPANY
The Company was founded in 2019 by Howard Crosby and John Ryan. Mr. Crosby and Mr. Ryan have been business partners for twenty-five years, with a focus on natural resource industries. The two are serial entrepreneurs who have founded, developed and grown multiple successful companies from start-up phase to public listings, strategic buyouts, or asset sales.
The founders share a keen sense of timing and both now believe that a long-awaited breakout in gold and silver is at hand, one that will propel these noble metals to prices that a few years ago would have seemed to be extreme, and maybe fanciful, speculation.
Shrewd and selective investment in gold and silver mining could prove to be a timely move, due to the rampant depreciation of paper currencies worldwide, which was happening prior to the arrival of the Covid-19 viral syndrome, and has been vastly accelerated by the recent terrible pandemic. The Federal Reserve and other central banks worldwide have no other “dry powder” left other than rampant printing of unbacked paper money. In the United States, with a newly awakened populism, and calls for ever larger amounts of federal spending being heard from all corners, the crush of federal debt to be borne by future generations is simply not sustainable.
Nor is the United States exceptional among developed nations in these respects. Lately wholesale money printing is seemingly justified under the doctrine of “Modern Monetary Theory” and evangelized by a whole new set of believers. We believe this rampant and never-ending money printing, despite what new names are attached to the practice, will surely prove inflationary in the intermediate and long term. Debasement of currencies, no matter how clever the disguise and no matter what financial levers are pulled and employed, has always proved inflationary in the past; consider, for example, the Great Inflation in Germany during the 1920s which many people forget, was not confined to Germany, but which also struck countries such as Poland, Turkey, Italy, Austria, Russia, France and others as well.
It is against this backdrop that the Company is moving forward to develop precious metals properties. Detailed below is a description of some of the past works and successes of Mr. Crosby and Mr. Ryan.
John Ryan: President, Secretary And Director
Mr. Ryan was appointed a Director and President of the Company in June, 2020 when the Company was founded. Mr. Ryan has twenty-five years of experience in founding and operating natural resource companies. He has founded or co-founded and served in executive or board positions with Cadence Resources Corporation, Metalline Mining Company (now called Silver Bull Resources), High Plains Uranium, Western Goldfields, Inc. (which became part of NewGold), U.S. Silver Corporation (now America’s Gold & Silver), Southern Legacy Minerals, and White Mountain Titanium and others. He currently serves as Director of Bunker Hill Mining Corp. and also a Director of Desert Hawk Gold Corp. He has been a senior executive and director of a number of public companies and serves or has served listed resource companies in the USA, Canada, the UK, and Australia. Mr. Ryan holds a B.S. in Mining Engineering from the University of Idaho and a J.D. from Boston College Law School.
Howard Crosby: Vice-President, Treasurer And Director
Mr. Crosby was appointed a Director and Vice-President of the Company in June, 2020 when the Company was founded. Mr. Crosby has been president of Crosby Enterprises, Inc., a family-owned business advisory consulting firm since 1989. From 1994 to June of 2006, he served as president and director of Cadence Resources Corporation, a publicly traded oil and gas company, which was merged with an AMEX-listed company in 2005. Mr. Crosby also was a founder and director of High Plains Uranium in 2004, which was sold to Energy Metal Corp. in 2006. He was a founder and director of U.S. Silver Corp, which in 2006 acquired the Galena Mine in the Coeur d’Alene Mining District from Coeur d’Alene Mines. From 2004 until March of 2016, Mr. Crosby was an officer and director of White Mountain Titanium Corporation, seeking to develop a world class titanium project in Chile. Mr. Crosby is also a director or advisor to a number of privately held companies. He received a bachelor’s degree from the University of Idaho in 1975 majoring in History.
James Czirr, Director
Mr. Czirr was appointed a Director of the Company in August, 2020. Mr. Czirr is a co-founder of 10X Fund, L.P. and is a managing member of 10X Capital Management LLC, the general partner of 10X Fund, L.P. Mr. Czirr was a co-founder of Galectin Therapeutics in July 2000. Mr. Czirr was instrumental in the early stage development of Safe Science Inc., a developer of anti-cancer drugs. Mr. Czirr served from 2005 to 2008 as Chief Executive Officer of Minerva Biotechnologies Corporation, a developer of nano-particle bio-chips to determine the cause of solid tumors. He was also a key consultant to Metalline Mining Company Inc., now known as Silver Bull Resources, Inc., (TSX: SVB), a mineral exploration company with a major base metal and silver project located in the State of Coahuila, Mexico. Mr. Czirr received a B.B.A. degree from the University of Michigan.
Terrence Dunne, Director
Mr. Terrence Dunne joined the Board of the Company in February, 2021. He is currently licensed as a certified public accountant in Washington State, and a member of the Washington Society of Certified Public Accountants. He has owned and operated a CPA practice since 1978.
Mr. Dunne is specialized in various areas of tax practice focusing on corporate taxation, general and limited partnerships, limited liability companies, complex individual tax returns, and tax aspects of mergers and acquisitions. Mr. Dunne has served as an officer and or director on various pubic companies and a consultant on various private placement memorandums and other capital raises.
Mr. Dunne has taught courses in corporate mergers/acquisitions and reorganizations as an adjunct professor at Gonzaga University. Mr. Dunne holds a Bachelors in Accounting, an MBA, and a Masters in Taxation, all from Gonzaga University.
The Company maintains a lengthy “rolodex” of skilled and highly experienced consultants which it hires on a case-by-case basis to provide independent consulting services to the Company. Indeed, Management has over the years worked with a multitude of highly talented individuals and companies providing geologic services, engineering, and metallurgical work. Also, the principals have worked with many drilling services companies and mining contractors. In a short word we know who to turn to in getting the job done!
The below three individuals are examples of the high caliber of talent the Company intends to employ to work on its projects.
(Please note that these three individuals are not officers, directors, or employees of the Company).
James G. Baughman: Consulting Geologist
James G. Baughman is a Professional Consulting Geologist based in Greenwood Village, Colorado. Mr. Baughman has worked as a Consulting Geologist for eighteen years as well as holding senior positions in mineral exploration companies spanning a career of thirty years. Currently, Mr. Baughman is Chief Geologist of Premium Exploration, an Idaho-focused gold development company. Mr. Baughman has served numerous large mining clients such as Rio Tinto, Morrison Knudsen, and MK Gold, as well as numerous junior mining clients such as Santa Fe Gold, Samex Mining Corp., Brazil Minerals, and others. Mr. Baughman has held management and board positions with a number of companies including High Plains Uranium, Cyclone Uranium, West Mountain Gold and others. Mr. Baughman received his B.S. in Geology in 1983 from the University of Wyoming, is a registered professional geologist in the State of Wyoming and is a member of both the Society of Economic Geologists (“SEG”) and the Society for Mining, Metallurgy and Exploration (“SME”).
Dr. Thomas Henricksen: Consulting Geologist
A field geologist with five decades of experience, Dr. Henricksen is the recipient of the Association for Mineral Exploration of British Columbia’s 2018 Colin Spence Award for Excellence in Global Mineral Exploration. Currently Dr. Henricksen is Chief Executive Officer of Plan B Minerals Corp., a mineral exploration company focused on high-grade gold and copper assets. In his long, successful career, Dr. Henricksen has successfully worked on 40 mineral exploration projects in over 14 countries on six continents. Highlights of his experience include serving as Vice President of Exploration for Aegean Metals Group Inc., leading the senior field team in identifying, evaluating and acquiring two high-grade gold-copper prospects (VMS Hot Maden and Ergama) in Turkey, serving as senior field geologist for Apoquindo Minerals Inc., and exploring and developing a copper-gold deposit (Zafranal) in Peru resulting in more than 400 million tons of copper being discovered. He also served as a member of the Arctic exploration team that successfully identified the Red Dog mine in Alaska, now one of the world’s largest producing zinc mines. Prior to the Red Dog discovery, Dr. Henricksen led the effort to acquire the Eskay Creek mine for U.S. Borax Inc. (a subsidiary of Rio Tinto), which, during the period of Dr. Henricksen’s involvement, became the world’s highest-grade gold mine and the fifth largest silver mine by volume. Dr. Henricksen holds a B.S. in Geology from the University of Wisconsin, and a Ph.D. in Economic Geology from Oregon State University.Baughman has worked as a Consulting Geologist for eighteen years as well as holding senior positions in mineral exploration companies spanning a career of thirty years. Currently, Mr. Baughman is Chief Geologist of Premium Exploration, an Idaho-focused gold development company. Mr. Baughman has served numerous large mining clients such as Rio Tinto, Morrison Knudsen, and MK Gold, as well as numerous junior mining clients such as Santa Fe Gold, Samex Mining Corp., Brazil Minerals, and others. Mr. Baughman has held management and board positions with a number of companies including High Plains Uranium, Cyclone Uranium, West Mountain Gold and others. Mr. Baughman received his B.S. in Geology in 1983 from the University of Wyoming, is a registered professional geologist in the State of Wyoming and is a member of both the Society of Economic Geologists (“SEG”) and the Society for Mining, Metallurgy and Exploration (“SME”).
Kurt Hoffman: Mining And Mineral Lands Consultant
Mr. Hoffman has a substantial amount of experience providing consulting services to start-up mining ventures and mining companies at all levels of development. Mr. Hoffman primarily consults in mineral property acquisitions and transactions, financings of mineral properties, and project management. In his long career, he has conducted the hiring of geologists, landmen, specialized mineral legal counsel, mine managers, drilling contractors, construction and mine contractors, and has conducted or managed investor relations efforts for select clients. He has also served in board or senior management positions for several junior mining companies. Mr. Hoffman is an active member of the American Mining and Exploration Association, the Nevada Landmen’s Association, and the Rocky Mountain Association of Mineral Landmen.