Lion One Metals

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September 16, 2019 at 11:45 AM (MDT)|Hyatt Regency, Denver

Walter Berukoff

Chairman & CEO

Over the last 30 years, Mr. Berukoff has built a solid reputation as a successful mining entrepreneur, merchant banker, real estate developer, and financier. Through Red Lion Management Ltd., a private holding company, Mr. Berukoff has amassed considerable holdings in real estate, manufacturing facilities, and taken an active role in developing and turning-around business enterprises throughout the Americas, Europe, Africa and Asia.

Mr. Berukoff holds the distinction of being the founder of several successful mining companies, including American Eagle, Miramar Mining Corporation, Northern Orion Resources and La Mancha Resources. From his first mine, the Golden Eagle Mine in Nevada, U.S.A., Mr. Berukoff was responsible for building both Miramar and Northern Orion into two of Canada’s most important mining companies with combined market capitalizations exceeding C$1 billion.

In 1993, Red Lion Management acquired the Con Mine located in the Northwest Territories, Canada for C$25 million from Kennecott Exploration Inc. (Rio Tinto). Subsequent to this purchase, Red Lion sold the mine to Miramar Mining. Under the chairmanship of Mr. Berukoff, this underground mine became one of Canada’s largest gold producers with over 734,000 ounces being extracted from 1993 to 2000.

In 1998, as Chairman of Northern Orion, Mr. Berukoff opened the Mantua copper-gold mine, the first foreign mining venture of it kind in Cuba since the revolution. While overseeing the operations of this open-pit mine, Mr. Berukoff founded Leisure Canada, the leading developer of luxury resorts in Cuba, with multiple properties currently under development, including five-star hotels and PGA championship golf courses.

In 2006, through Red Lion Management, Mr. Berukoff executed one of the most notable mining transactions of the year, whereby the gold producing and exploration assets owned by Areva NC, one of the world’s largest nuclear companies, were moved into La Mancha Resources via a reverse take-over. The transaction created a significant global gold producer on the Toronto Stock Exchange.

Mr. Berukoff has also had significant success in exploration projects around the world. Most notably, through Northern Orion he developed the Aqua Rica deposit in Catamarca, Argentina. The ore body has the potential to become the largest copper producer in the world with a measured and indicated resource of 14 billion pounds of copper and 8.9 million ounces of gold. Mr. Berukoff has also been responsible for numerous exploration projects in West Africa, principally focused in Ghana, Mali, Guinea, and Burkina Faso.

Most recently, in 2007, Red Lion Management purchased the Vatukoula (Emperor) Gold Mine in Fiji. The mine has a history of dating back over 70 years, and a substantial resource of over five million ounces.

Having now raised over one billion dollars for global mining projects during his career, Mr. Berukoff has solidified his reputation as a leading Canadian mining operator and financier.


A selection of companies founded by Walter Berukoff:

Miramar Mining : www.miramarmining.com
Northern Orion Resources: www.northernorion.com
La Mancha Resources: www.lamancharesources.com
Leisure Canada Inc. www.leisurecanada.com
Lion One Metals: www.liononemetals.com

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