NevGold Corp. (TSXV: NAU) has announced the passing of Tim Dyhr, a founding member of its Board of Directors and a widely respected figure in the North American mining industry. The company extended condolences to Dyhr's family and noted his significant contributions to NevGold over many years. Chair Giulio Bonifacio and CEO Brandon Bonifacio both issued personal tributes acknowledging Dyhr's professional expertise and personal character. The company stated it will take steps to address the resulting board vacancy and provide further information as appropriate.

Key Points

  • NevGold Corp. (TSXV: NAU | OTCQX: NAUFF | Frankfurt: 5E50) announced the passing of founding board member Tim Dyhr
  • Dyhr was a long-standing director and a founding member of the NevGold Board, contributing experience across international mining permitting
  • The company stated it will identify and appoint a new director and provide further information on the process in due course
  • Investors may be watching for updates on board composition and governance continuity as the company advances its Nevada and Idaho projects

Tim Dyhr's Career and Contributions to NevGold's Board

Tim Dyhr was recognised as a founding member of the NevGold Board of Directors and described by the company as a tremendous contributor over many years. The release states that Dyhr led multidisciplinary teams to successfully permit over twelve copper and gold mines across Nevada, Arizona, California, Washington, Montana, Wyoming, and Peru, with additional project involvement in Chile, Argentina, Australia, Africa, Turkey, China, and Papua New Guinea. The company highlighted that in 2015 he led the Congressional conveyance of over 10,000 acres of federal lands to the Pumpkin Hollow Project in Nevada, described as the only successful privatisation of federal lands for mining in that state in the past 30 years.

Leadership Tributes from NevGold's Chair and Chief Executive

Chair Giulio Bonifacio stated that Dyhr brought "tremendous experience, wisdom and perspective" to the board and described him as a trusted colleague and dear friend. CEO Brandon Bonifacio noted that Dyhr acted not only as a mentor but as a friend and colleague, calling him instrumental to the company. Bonifacio added that Dyhr's legacy will remain and that he will be remembered as NevGold continues to execute on its stated objectives. The release characterised Dyhr as admired for his character, integrity, and genuine regard for those around him, with lasting relationships across colleagues, business partners, and friends.

Board Vacancy and NevGold's Path Forward

NevGold stated it will take the necessary steps to address the vacancy created by Dyhr's passing and consider an appropriate process for identifying and appointing a new director. The company indicated it will provide further information as appropriate but did not disclose a timeline or specific candidates in the announcement. NevGold holds a 100% interest in the Limousine Butte and Cedar Wash projects in Nevada, and the Nutmeg Mountain and Zeus projects in Idaho. The immediate share price impact was not clear from available public information.