Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) - Valleyview Resources Ltd. (TSXV: VVR) ("Valleyview" or the "Company") is pleased to announce that Mr. Roger Lemaitre, P.Eng., P.Geo. has been appointed President, Chief Executive Officer and a director of the Company effective September 1, 2024. Concurrent with Mr. Lemaitre's appointment, Valleyview's current CEO, Mr. Joel Leonard will transition to the roll of Chief Financial Officer, replacing the Company's current CFO, John Shapter, who has resigned to focus on other endeavors. Mr. Lemaitre has also replaced Mr. Leonard on the Company's board of directors.
As previously announced, the Company is proposing to acquire Shift Rare Metals Inc., which holds two potential uranium projects in Colorado. The appointment of Mr. Lemaitre to the role of CEO and President is a key step in Valleyview's transition towards becoming a premier US-focused uranium developer and explorer. Mr. Lemaitre is a Professional Engineer and Geologist with more than 30 years of professional experience spanning with both senior and junior mining companies. Mr. Lemaitre held the position of President & CEO of UEX Corporation, a TSX-listed company until 2022, when the company was sold to Uranium Energy Corporation for $310 million under a managed competitive bidding process. During his time at UEX, Mr. Lemaitre was able to build a successful and entrepreneurial exploration team, acquired additional Tier 1 exploration assets and doubled the company's resources to approximately 150 M lbs U3O8 through both discovery and the acquisition of development-ready assets that were subjected to competitive bidding processes.
Mr. Lemaitre held a variety of senior management positions with Cameco Corporation, including Director of Worldwide Exploration Projects, Manager of Regional Exploration, Saskatchewan and was involved in Cameco's strategic growth team tasked with the identification of opportunities in the uranium sector. In both senior and junior positions at Cameco, Mr. Lemaitre was involved in multiple uranium deposit discoveries on multiple continents. Currently, Mr. Lemaitre is the Senior Vice President and Head of Mining of Consolidated Lithium Metals Inc, a TSX:V-listed lithium explorer and developer.
Mr. Joel Leonard was instrumental in navigating Valleyview through its formation and Initial Public Offering this past April. Mr. Leonard is the owner of JCL Partners Chartered Professional Accountants and is a seasoned finance executive with a comprehensive background in the financial leadership of companies listed on various public exchanges, including the TSX, TSX-V, and CSE. Mr. Leonard holds a Bachelor of Business Administration degree from Thompson Rivers University and is designated as a Chartered Professional Accountant in the Province of B.C.
Valleyview's new Chief Executive Officer commented, "I am honoured to be asked to join the Valleyview team at this stage of their evolution towards becoming an exciting new uranium company. The acquisition of the Coyote Basin Project and its historical uranium resource base as well as the discovery potential of the nearby Red Wash Project already positions the Company as a significant player in the American uranium industry. I look forward to working with the Valleyview team to grow the Company into a compelling uranium developer focused in the USA."
The Company announces that it has granted an aggregate of 1,250,000 stock options ("Options") to its directors and officers.
Each Option is exercisable to acquire one common share at an exercise price of $0.15 for five years. The Options are subject to a one-year vesting period, with 25% of the Options vesting on the date of grant and 25% vesting every three months thereafter.
About Valleyview Resources Ltd.
Valleyview Resources Ltd. is a mineral exploration company focused on becoming a premier US-focused and resource-bearing uranium explorer and developer. The Company is in the process of acquiring the Coyote Basin and Red Wash uranium projects in northwestern Colorado. Valleyview also has an ownership stake in the Fraser Lake Au-Ag-Cu project in British Columbia.
For further information, please contact:
Roger Lemaitre
Chief Executive Officer
Valleyview Resources Ltd.
Tel: 306-713-1401
Email: roger@mastergeoservices.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to the Company's acquisition of Shift Rare Metals Inc., the Company's plans and expectations with respect to the Coyote Basin and Red Walsh uranium projects, and the ability of the Company to achieve its goal of becoming a premier US-focused uranium developer and explorer.
In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including that the Company's financial condition and development plans do not change as a result of unforeseen events and that future metal prices and the demand and market outlook for metals will remain stable or improve. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk that the Company is not able to complete the acquisition of Shift Rare Metals Inc., the risk that the Company is unable to obtain requisite regulatory approvals, including but not limited to the approval of the TSX Venture Exchange, the risk that the Company will be unable to incorporate Shift Rare Metals Inc. into the business of the Company, the risk that the Company is unable to achieve its goal of becoming a premier US-focused uranium developer and explorer, the risk that the assumptions referred to above prove not to be valid or reliable, market conditions and volatility and global economic conditions including increased volitivity and potentially negative capital raising conditions, risk of delay and/or cessation in planned work or changes in the Company's financial condition and development plans; risks associated with the interpretation of data (including in respect of historical resource numbers) regarding the geology, grade and continuity of mineral deposits, the uncertainty of the geology, grade and continuity of mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; risks related to uranium and other commodity price fluctuations; employee relations; availability and increasing costs associated with mining inputs and labour, the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits and the presence of laws and regulations that may impose restrictions on mining; risks relating to environmental regulation and liability; the possibility that results will not be consistent with the Company's expectations, and the general risk factors related to exploration and development as are set out under the heading "Risk Factors" in the Company's most recently filed management's discussion & analysis.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
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SOURCE: Valleyview Resources Ltd.
