1911 Gold announces CFO transition ahead of planned 2027 production restart at True North

1911 Gold Corp (TSX-V:AUMB, OTCQB:AUMBF, FRA:2KY) has announced the assignment of Max Satel arsenic its caller main fiscal officer, marking a enactment modulation arsenic the institution advances its True North golden task toward a planned accumulation commencement successful 2027.

Satel volition oversee the company’s accounting, fiscal readying and analysis, tax, treasury, and strategical concern functions. He succeeds Carmen Amezquita, who volition measurement down from the CFO relation but stay with the institution during a modulation period.

Satel brings much than 2 decades of acquisition successful mining concern and superior markets. He astir precocious served arsenic CFO of Battery Mineral Resources, wherever helium was progressive successful restarting an underground mining cognition and securing financing portion establishing fiscal systems and task controls.

His erstwhile roles see enforcement positions astatine Arrow Exploration, wherever helium contributed to a firm turnaround and archetypal nationalist offering connected London’s AIM market.

Earlier successful his career, Satel spent astir 15 years successful concern banking with Research Capital and Bordeaux Capital, focusing connected superior raising, mergers and acquisitions, and valuation enactment for earthy assets companies. According to the company, Satel has raised much than C$1.2 cardinal successful superior done a premix of debt, equity, and strategical financing.

He is presently completing an Executive MBA done the Kellogg-Schulich programme and has undertaken enforcement acquisition astatine Stanford Graduate School of Business.

"We are pleased to invited Max arsenic main fiscal serviceman of 1911 Gold,” 1911 Gold CEO Shaun Heinrichs said successful a statement.

“He brings a beardown fiscal inheritance successful the assets sector, on with wide superior markets experience, that volition enactment some our near-term priorities and semipermanent strategical objectives and joins america astatine a pivotal signifier arsenic we accelerate underground improvement successful beforehand of planned accumulation adjacent year.”

Satel described the True North excavation restart arsenic “a compelling accidental with existing infrastructure and a permitted cognition successful a top-tier mining jurisdiction, on with a important onshore presumption that remains mostly underexplored.”

“I look guardant to moving with the committee and absorption squad to execute a disciplined superior strategy that positions 1911 Gold for sustainable accumulation and semipermanent worth creation,” helium said.

In transportation with his appointment, Satel has been granted 750,000 banal options nether the company’s semipermanent inducement plan. The options transportation an workout terms of $0.96 per stock and expire connected April 21, 2031, with vesting structured implicit a three-year period. He has besides been awarded 150,000 restricted stock units, which volition vest successful adjacent portions implicit 3 years.