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Bonterra Resources

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Bonterra Resources Inc.

Investor website: https://btrgold.com/

About

Bonterra Resources Inc. is a mining company focused on the exploration and development of gold properties in Canada. The company is committed to sustainable practices and aims to create value for its shareholders through responsible mining operations.

Verified company data

Cash position
$9,972,636
Shares outstanding
90552000
Fully diluted shares
282.4 M
Mineral resource
Bonterra’s project areas contain three main deposits, Gladiator, Barry, and Desmaraisville, containing over 3M ozs Au across all categories. Most of the gold ounces are contained in the Gladiator and Barry deposits, which are part of the Bonterra-Osisko Mining (now Gold Fields) JV.
Projects
["In November 2023, Bonterra and Osisko Mining entered into an earn-in and JV agreement on what is being called the Phoenix JV, where Osisko Mining (now Gold Fields) can earn 70% with a C$5 million up front payment (paid) and C$30 million in expenditures over three years. As of August 2024, the JV has drilled 60,000 m and made a promising discovery of Lynx-style mineralization at the Moss target.","The Bachelor Mill is the only permitted mill in the region. The mill is located in Le Sueur Township, approximately 225 km northeast of Val-d’Or, Quebec, and is accessible by provincial Highway 113 linking Val-d’Or and Chibougamau. Val-d’Or and Chibougamau are full-service centres for mining and exploration activities. The mill is connected to the provincial power grid, has high-speed Internet and cell phone service with an all-season camp for workers. Bonterra plans to expand the existing mill to 1,800 tonnes per day. The mill upgrade includes removal of the existing rod mill, ball mills and 40’ thickener and the addition of a SAG mill, two ball mills, gravity circuit, 75’ thickener and five tanks for leaching-absorption.","Bonterra’s projects are located in the Urban-Barry Camp, which is in the Northeast portion of the Abitibi Greenstone Belt and is the newest emerging gold camp in the region. The camp remains underexplored, yet is comparable to some of Canada’s most prolific mining camps, including Val’d’Or, which has produced over 200M ozs Au to date. Since 2000, the Urban-Barry Camp has seen the discovery of 10M ozs Au, with over C$100 million committed to exploration expenditures over the next seven years. The camp is connected to key infrastructure and benefits from hydroelectric power. Bonterra’s projects are located in the heart of the camp and the company owns several strategic assets, including the Bachelor Mill Complex, which is the only operational mill with tailings management area capacity in the Urban-Barry Camp."]
Leadership
Marc-Andre PelletierPresident, Chief Executive Officer and Director (4) Marc-Andre is a professional mining engineer with over 25 years of experience, predominantly in underground gold mines. He was most recently the Chief Operating Officer at Wesdome Gold Mines Ltd. where he was instrumental in the production re-start of the Kiena Mine, only five years after the original discovery of the high-grade Deep Zone. Mr. Pelletier also contributed to the increase of production at the Eagle Mine to near 100,000 ounces per year through optimization works and exploration success. Prior to Marc-Andre’s tenure at Wesdome, he was Vice-President of Operations at St Andrew Goldfields Ltd., where he successfully put three underground mines and one open pit mine into production in less than five years until its acquisition by Kirkland Lake Gold in 2016. Pier-Elise Hébert-TremblayChief Financial Officer Ms. Hebert-Tremblay is a member of the Certified Professional Accountants of Quebec since August 2011 and holds a Bachelor in Accounting and a Master in Business Administration from the University of Quebec at Chicoutimi. Ms. Hebert-Tremblay has served as CFO of Arianne Phosphate Inc. since 2021 and had previously been their financial controller since 2010. Ms. Hebert-Tremblay specializes in financial reporting and tax compliance for junior listed resource companies, forecast development and financial modeling. Cesar GonzalezExecutive Chairman (4) Mr. Gonzalez co-founded and served as the CEO and a Director of Sailfish Royalty Corp. until 2022. Previously, he served as the VP Corporate Development and a Director of Mako Mining Corp. and its predecessor Marlin Gold Mining Ltd. through the permitting, financing, construction and commissioning of the San Albino and La Trinidad gold mines, the spinout of Sailfish and the acquisition of Marlin by Golden Reign Resources Ltd. to form Mako. He also served as an employee and consultant at Wexford Capital LP for almost 14 years. Mr. Gonzalez started his career at Lehman Brothers in the Private Equity Group where he focused on investments in energy master limited partnerships. He graduated from the University of Southern California with a B.S. in Business Administration. Normand ChampignyLead Director (3*, 4*, 5)† Mr. Champigny is a geological engineer with extensive experience with both public and private companies, both domestically and internationally and is currently the Chief Executive Officer and Director of Quebec Precious Metals Corporation. He has been involved in many facets of the mining industry, including engineering, project evaluation, and project management. Mr. Champigny is a member of the Ordre des Ingénieurs du Québec and Director of Mining Matters. Until recently, Mr. Champigny was an Executive Committee Member of the Prospectors & Developers Association of Canada. He was Chair of the Board of Directors of Minalliance, an organization raising awareness about the mining industry in Quebec and highlighting its positive contribution to Quebec’s social, economic, and environmental development. Mr. Champigny is a graduate from École Polytechnique in Montreal (B.A.Sc), University of British Columbia (M.A.Sc), and Paris School of Mines (Specialized Diploma in Geostatistics). Paul JacobiDirector (1,2,3) † Mr. Jacobi joined Wexford Capital LP in 1996 and became a Partner in 2012. From 1995-96, Mr. Jacobi worked for Moody’s Investors Services as an analyst covering the investment banking and asset management industries. From 1993-95, Mr. Jacobi was employed by Kidder Peabody & Co. as a senior financial analyst in the investment banking group. From 1988-93, Mr. Jacobi worked for KPMG Peat Marwick as an audit manager in the financial services practice. Mr. Jacobi holds a BS in accounting from Villanova University and is a Certified Public Accountant. Lesley AntounDirector (1, 2*, 3, 4, 5) † Ms. Antoun has 30 years of leadership experience in engineering, marketing, and program management, working with multinationals, private corporations, and governmental entities in several industries, including mining, aerospace, transit and infrastructure. Her boutique consulting firm also has experience collaborating with First Nations organizations. She serves as an independent director on the boards of Wainbee Limited and the Jacques Cartier and Champlain Bridges Incorporated. She holds a mechanical engineering degree from Concordia’s Gina Cody School of Engineering and an MBA from McGill University’s Desautels Faculty of Management. Peter O’MalleyDirector (1*, 2, 5*)† Mr. O’Malley is an investment banker with 29 years of international experience covering natural resources and technology companies. He has executed over $500 billion in transactions across multiple jurisdictions and disciplines including, but not limited to; mergers and acquisitions, equity and debt financings, convertibles, commodities and liability management. He worked at Credit Suisse First Boston for some 13 years in New York and Johannesburg. He eventually moved to Deutsche Bank and was named Head of Natural Resources Investment Banking Asia-Pacific based in Hong Kong. He lived in Hong Kong for 8-years and has an in depth understanding of China’s role in the natural resources sector and in Africa in particular. He received a BA from Siena College in 1988 and a Juris Doctor from St John’s University School of Law in 1991. He has worked as an Election Monitor in Africa and in America and is an active member of his local parish. Matt HoukDirector (1, 4)† Since 2008, Mr. Houk has served as a Portfolio Manager and Research Analyst at Horizon Kinetics LLC, where he is involved in the identification, analysis, and monitoring of certain investment opportunities for the firm. Matt is also the Chairman, Chief Executive Officer, and Chief Financial Officer of Winland Holdings Corporation. Matt also serves on the board of directors of CNSX Global Markets Inc., the parent company of the Canadian Securities Exchange and the National Stock Exchange of Australia, as well as the board of directors of Lamington Road DAC, an Irish designated activity company focused on managing a portfolio of life settlements. Previously, Matt was with Goldman, Sachs & Co. He received a BA in Economics and Political Science from Yale University.

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