Company
Crown Mining Corp is focused on advancing its Moonlight-Superior Copper Project in north-east California to the production stage.
Vision
Crown Mining believes the commodity cycle offers unique opportunities to small mining companies that are focused and resourceful. In every cyclical downturn properties of exceptional merit have become available for pennies on the dollar. When the commodity markets inevitably rebound, these projects can be revalued at many times their once depressed levels. Crown intends to deliver to its shareholders the opportunity for superior returns by acquiring undervalued assets and positioning them for the eventual upturns in commodity markets.
Management
Stephen Dunn, President & CEO
Stephen Dunn has over 30 years of experience in the investment industry having worked with a large Canadian insurance company, a Canadian Schedule A bank, and two Canadian investment dealers. He has extensive experience in the capital markets and has been a director of numerous resource companies. Mr. Dunn earned his BA and his MBA from the University of Western Ontario.
Rich Morrow, CFO
Rich Morrow has served as the Chief Financial Officer of Crown since June 2016. He was formerly Chief Executive of a resource focused company. Control of that company was sold through a supported takeover that he negotiated. He has a strong background in Capital Markets and in Corporate Development (M&A). During a thirty year business career, primarily with Canadian based investment dealers and latterly in the corporate sector, he has had a key role in initiating and closing several successful IPO’s and numerous financings, acquisitions and divestments. His international business experience includes negotiations, transactions and investments in South America, Europe, Africa and China.
Bob Suda, Geological Consultant
Bob has worked in the mining business for over thirty-five years. His experience includes eight years with Gulf Mineral Resources Corp and, fifteen years with Cominco American Incorporated as Senior Geologist. With Cominco, Bob was involved with exploration programs in the U.S. and in international programs. He was project exploration manager for the Pend Oreille zinc mine area and participated in the discovery of a Nevada gold deposit. Bob has worked in the junior mining business since 2004 and served as Exploration Director of Garrison International, as well as Vice President, Exploration for Portage Minerals Inc. and FDG Mining Inc.
Johnny Oliveira, Office Manager
Mr. Oliveira has served in various capacities with Crown since June 2010. He holds an Honours Bachelor in Business Administration. Currently, he serves as Controller, Corporate Secretary or Chief Financial Officer of several junior mining exploration companies, which experience gives him an insider’s view into financial reporting. In his current role at Crown he is responsible for financial reporting, preparation of financial statements and Management discussions and analysis reports for shareholders, as well as tax and regulatory compliance.
Directors
Stephen Dunn has over 30 years of experience in the investment industry having worked with a large Canadian insurance company, a Canadian Schedule A bank, and two Canadian investment dealers. He has extensive experience in the capital markets and has been a director of numerous resource companies. Mr. Dunn earned his BA and his MBA from the University of Western Ontario.
James Fairbairn, CA, ICD.D,has more than 20 years of experience with publicly-traded companies. He is a Chartered Accountant, having obtained his CA designation in 1987 and is an Institute-certified Director. Jim holds a B.A. from the University of Western Ontario. Jim’s valued experience touches on corporate governance and financial reporting with respect to junior mining exploration companies. He is a Director of several junior mining companies.
George Cole was Vice President, Exploration for Cominco American until he retired in 2001. He has subsequently served in senior management and board positions for several junior mining companies, most recently with Trelawney Mining & Exploration and Rae-Wallace Mining Company.
Rich Morrow, MBA was formerly Chief Executive of a resource focused company. Control of that company was sold through a supported takeover that he negotiated. He has a strong background in Capital Markets and in Corporate Development (M&A). During a thirty year business career, primarily with Canadian based investment dealers and latterly in the corporate sector, he has had a key role in initiating and closing several successful IPO’s and numerous financings, acquisitions and divestments. His international business experience includes negotiations, transactions and investments in South America, Europe, Africa and China.
Peter McRae is a Chartered Professional Accountant and a graduate of the Director’s Education Program of the Institute of Corporate Directors with an ICD.D designation. He is currently the Chairman of the board of Freedom International Brokerage Company, Canada’s largest inter-dealer broker, and between 1994 and 2015 was the President and CEO. Mr. McRae was the Chair of both Ryan Gold Corp. and Corona Gold Corporation until their acquisition by Osisko Mining Inc. in August 2015. He is also a director and Chair of the audit committee of both Eco Oro Minerals Corp. and Founders Advantage Capital Corp.
Governance
The Corporation and the board of directors (the “Board”) of the Corporation recognize the importance of corporate governance to the effective management of the Corporation and to the protection of its employees and shareholders.
The Corporation’s approach to significant issues of corporate governance is designed with a view to ensuring that the business and affairs of the Corporation are effectively managed so as to enhance shareholder value. The Board fulfills its mandate directly and through its committees at regularly scheduled meetings or as required. Frequency of meetings may be increased and the nature of the agenda items may be changed depending upon the state of the Corporation’s affairs and in light of opportunities or risks which the Corporation faces. The directors are kept informed of the Corporation’s operations at these meetings as well as through reports and discussions with management on matters within their particular areas of expertise.
History
| 2007 | Crown was incorporated as Rykala Resources | |
| 2008 | Rykala Resources acquired copper and nickel properties in Timmins and a silver property in Nevada | |
| 2009 | Rykala Resources was listed on TSX-V in January 2009 as Crown Minerals via a reverse takeover of Pocono Capital. Crown Minerals acquired the McKenzie gold property in Red Lake and 3 gold properties in the Timmins area |
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| 2010 | Crown merged with Gold Summit in August 2010, owner of the Monte Cristo gold deposit in Nevada. Crown changed its name to Crown Gold Corporation. Crown began a 3 stage drill program at the McKenzie gold property in Red lake. |
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| 2011 | Crown continued its exploration program in Red Lake. | |
| 2012 | Crown sold the Monte Cristo gold property to Hecla Mining for $4.5 million. Crown paid out a dividend to shareholders of $3.6 million, equivalent to 4 cents per share, in September of 2012. |
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| 2013 | Crown acquired the Superior Engels copper project from Starfield Resources. A 43-101 Technical Report was prepared on the Superior property. |
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| 2014 | Crown consolidated its shares on a 1 for 10 basis and changed its name to Crown Mining Corp. In the fall of 2014 a Mapping and Sampling survey were completed on the Superior property |
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| 2016 | Crown optioned the Moonlight copper deposit from Canyon Copper in the spring. An independant engineering firm prepared a production study to analyze economic viability under various scenarios in preparation for a Preliminary Economic Assessment decision. |
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| 2017 | Metallurgical testing was done at the Moonlight and Superior deposits. A Preliminary Economic Assessment on the Moonlight deposit was commissioned in October |
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