ELECTRUM DISCOVERY CORP. Electrum Discovery Corp. announced the appointment of Mr. R. Michael Jones, to the Company's Board of Directors. Mr. Jones is an experienced executive and director, with a history of finding, developing, permitting, and adding significant value to mining companies.
He has taken multiple large mines, with values of up to $1 billion, from the discovery stages, through to feasibility studies and construction decisions. He is a well-known promoter of mining projects from discovery to construction and production. He is a finance specialist with a successful background in undertaking fundraises, take overs and mergers and acquisitions.
A qualified mining engineer, Mr. Jones received his Bachelors Degree in Applied Science, Geological Engineering from the University of Toronto. Mr. Jones is a Fellow of the Geological Society of South Africa, as well as the winner of multiple discovery awards, including the Des Pretorius Medal. Additionally, Mr. Jones was previously appointed by the Minister of Finance to the BC Securities Policy Advisory Committee for the British Columbia Securities Commission.
From 1997 to 2000, Mr. Jones was the Vice President Corporate Development for Aber Diamonds, joint venture partner in the $1.3 billion Diavik Diamond Mine. Mr. Jones co-founded the Toronto and Vancouver listed, West Timmins Mining (WTM) and the Toronto and New York listed, MAG Silver (MAG), where he served as a Director. He was part of the team that completed discovery, joint venture (JV), and takeover work for both companies.
WTM went on to successfully finalise a $440 million takeover, and MAG is now valued at over $1.0 billion. From 2000 to 2021, Mr. Jones was, co-founder, CEO and Director at Platinum Group Metals Ltd. Along with a team he assembled, the company discovered 19 million ounces of platinum group metals, drilled a 250 million tonne deposit, completed a definitive feasibility study, and secured mining right permits. Most recently Mr. Jones was CEO and President of TSX-V listed Los Andes Copper Ltd. a development company with a 100% interest in the Vizcachitas copper project located in Chiles most prolific copper belt.
His copper experience in this work is important for the target types at Electrum. At present Mr. Jones is CEO and Director of privately held Next Step Power Corporation, a specialised capital provider and leasing company set to facilitate energy transition to electric.
