What's Happening?
Kincora Copper has announced the expansion of its Advisory Board with the appointment of Kerry Stevenson and Michelle Borromeo. This move follows the recent addition of Brent Cook and Laurie Thomas to
the board. CEO Sam Spring highlighted Stevenson's extensive experience in the resources sector, particularly in precious metals, and her successful Australian Gold Conferences. Borromeo brings two decades of experience in natural resources, focusing on capital markets and corporate communications. Her background includes work as a field biologist and roles in investor relations and corporate development. The expansion of the advisory board is part of Kincora's strategy to enhance its presence in North American capital markets, supported by a $4 million private placement completed in September.
Why It's Important?
The expansion of Kincora Copper's Advisory Board is significant as it aims to strengthen the company's strategic direction and corporate engagement, particularly in North America. The inclusion of experienced professionals like Stevenson and Borromeo is expected to bolster Kincora's efforts in project generation and drilling activities, particularly at its Condobolin gold-base metals project. This move reflects a broader trend in the mining industry to diversify leadership and leverage expertise in capital markets to drive growth. The appointments are likely to enhance Kincora's ability to secure funding and partnerships, which are crucial for advancing its exploration and development projects.
What's Next?
Kincora Copper plans to utilize the funds raised from the recent private placement to support its ongoing project generation strategy and significant drilling activities. The company is also advancing discussions for further large-scale partner agreements, aiming to secure additional asset-level funding. The expanded advisory board will play a key role in guiding these initiatives and supporting Kincora's increased presence in North American capital markets. The company anticipates a period of significant growth in drilling and further deals, driven by the expertise and networks of its newly appointed board members.
