The company appoints Christian Brosseau as Vice President of Projects
Canadian copper (CSE:CCI) has received approval from the Lieutenant Governor of the Minister of Natural Resources of the Province of New Brunswick to enter into a limited environmental liability agreement with the Company for the Caribou Complex. The company also announced the appointment of Christian Brosseau as Vice President of Projects.
The Limited Environmental Liability Agreement represents a major milestone in the approval process for Canadian Copper’s acquisition of the Caribou Mining Complex from the court-appointed receiver Trevali Mining New Brunswick Ltd.
CEO welcomes significant progress
“Receiving this important approval for the Caribou deal is excellent news. As the deal closes, we are also pleased to announce the appointment of Mr. Brosseau to the position of Vice President, Projects, responsible for the delivery of the Murray Brook and Caribou integrated development project,” said Simon Quick, CEO of Canadian Copper. “The CCI team is growing, and I am really looking forward to learning from Christian and working with him in building New Brunswick’s next significant mineral mine. I believe Christian brings the right technical expertise, temperament, and project delivery experience to deliver Our company’s production goals.
The transaction is moving towards completion
Following LELA approval, Canadian Copper has outlined the remaining steps to close the Caribou Complex transaction. The Company and FTI Consulting Canada, the court-appointed receiver for Trevali Mining New Brunswick, will finalize the asset purchase agreement outlined in the Caribou transaction term sheet announced on October 28, 2024.
Following completion of the Asset Purchase Agreement, FTI will schedule a hearing to obtain court approval of the agreement and vesting order for the Caribou Complex transaction. Following court approval, the Company anticipates the customary exchange of closing documents between Canadian Copper, the recipient and the Government of New Brunswick. The transfer of ownership of Caribou is expected to take place in the second quarter of 2026.
An experienced executive joins the leadership team
Brosseau has 35 years of engineering, construction and project management experience for both greenfield and greenfield projects across precious and base metals development assets. His project execution history includes work on some of Canada’s largest mining projects, including Osisko Mining’s Malartic Project, Detour Gold’s Detour Lake Project, and Goldcorp’s Elenore Project.
The new vice president spent eight years with Falconbridge working on several capital projects including Raglan, Kidd Creek and Horn Smelter. Brosseau earned his engineering degree from École Polytechnique de Montréal, holds professional engineer registration in Quebec and Ontario, and holds an MBA from the University of Quebec.
His appointment will position Canadian Copper to advance the development of the integrated Murray Brook and Caribou project under experienced technical leadership.
More information is available at www.CanadianCopper.com
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