Ready To Help Push Lehmi Gold Development Forward
Freeman Gold Corp. (CSE: FMAN) has appointed high profile executives Paul Matysek as the company’s Strategic Advisor and alongside, his esteemed colleague, Bassam Moubarak as CFO. Mr. Moubarak has also been appointed to the company’s board.
A well recognised name within the resource exploration and development sector, Mr. Matysek has led the sale of five publicly listed companies totalling almost $2.9 billion in shareholder value. Including:
- As the Executive Chairman, the sale of Lithium X Energy for $265 million to New Energy Lion Hong Kong Limited
- As the President and CEO, the sale of Goldrock Mines to Fortuna Silver in 2016
- As the CEO of Lithium One, the merger with Galaxy Resources creating one of the few integrated multi-billion dollar lithium companies
- As the CEO of Potash One, the acquisition of the company by K+S Ag for $434 million
- As the co-founder and CEO of Energy Metals Corp which was sold for over $1.5 billion.
Bassam Moubarak is a seasoned senior executive with over 10 years’ experience in the mining industry including:
- Former CFO of Lithium X
- Former CFO of Petaquilia Minerals where he was instrumental in raising well over $120 million to develop and bring into production the Molejon Gold Mine which was later sold to Inment Mining for $400 million
- Negotiated the sale of Golden Arrow Resources Corporation’s 1% net smelter royalty on Gualcamayo Gold Mine to Premier Royalty Inc. for $17.75 million.
Commenting on the appointment, Freeman CEO William Randall said he was excited to be “partnering with Paul and Bassam again as we work together to unlock and enhance the value of the Lemhi Gold Project.
“Within the space of 18 months while managing Lithium X, this team raised over $50 million, executed on key technical and corporate priorities, attracted several interested parties and finally sold the company for $265 million cash. We hope to catch lightning in a bottle again and look forward to having Paul and Bassam part of our highly qualified Freeman team.”
The appointment of Mr Moubarak follows the resignation of Kelvin Lee as Chief Financial Officer.
Freeman Gold Corp. is focused on the development of its 100% owned Lemhi Gold property in Idaho, USA.
The Lemhi Project comprises 30 square km of highly prospective land. The mineralisation at the Lemhi Project consists of shallow, near surface primarily oxide gold mineralisation that has seen over 355 drill holes but remains open at depth and along strike in most directions
