MONTREAL, March 21, 2025 – Auxico Resources Canada Inc. (CSE: AUAG) (“Auxico” or the “Company”) is pleased to announce that Richard Boudreault is rejoining its Board of Directors.
Richard Boudreault brings to the table more than 40 years of leadership experience as a businessman, scientist, and executive in areas including advanced materials, clean technology, natural resources, aerospace, AI, and photonics. As the former CEO of Orbite Aluminae (from 2005 to 2014), he raised over CAD $140 million and grew the company to a valuation of CAD $500 million upon his departure. Mr. Boudreault has 124 patents, has written more than 120 scientific papers, and has served on over 30 boards, including Atomic Energy of Canada Limited and Polar Knowledge Canada. He is currently an adjunct professor at École Polytechnique Montréal and the University of Waterloo, Vice-Chair of Aurora College, chairs the Aurora Research Institute Advisory Board, and heads up important committees at the Institut National de la Recherche Scientifique (INRS), as well as contributing to the boards of Prima Québec and Deep-Tech Canada.
Corporate Update
MNP LLP is currently working on the Company’s audited financial statements. Audacie Inc. will continue to provide support to the Company but will not be taking on the role of Chief Financial Officer. Auxico intends to name a new CFO soon and will provide further updates when available. Dan Amadori, a board member who was recently appointed, will head the Audit Committee.
About Auxico Resources Canada Inc.
Auxico Resources Canada Inc. (“Auxico”) is a Canadian company established in 2014 and headquartered in Montreal. It trades on the Canadian Stock Exchange (CSE) under the ticker symbol AUAG. Auxico is involved in acquiring, exploring, and developing mineral properties in both Colombia and Bolivia.
More information about Auxico can be found on the Company’s website () or on SEDAR+ () under “Auxico Resources Canada Inc.”
The CSE has not approved or disapproved the information contained in this press release. The CSE and its Regulation Services Provider (as defined in CSE policies) are not responsible for the accuracy or adequacy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release includes “forward-statements.” These forward-looking statements involve risks, uncertainties, and other factors, both known and unknown, that could cause the Company’s actual results, performance, or achievements, or developments, to be significantly different from the anticipated results, performance, or achievements expressed or implied by these statements.
While the Company believes that the expectations reflected in this forward-looking information are reasonable, based on the experience of its officers and directors, current conditions, expected future developments, and other factors deemed appropriate, readers should not place excessive reliance on them. The Company cannot guarantee that they will be accurate. Words such as “estimate,” “project,” “belief,” “anticipate,” “intend,” “expect,” “plan,” “predict,” “may,” or “should,” and their negative forms or variations, or similar language, are used to identify forward-looking statements. The forward-looking statements in this press release include information about planned studies, drill programs, and the development of the Minastyc, El Bento/Monte Verde, or other Projects, its sampling programs, indications, and other mining projects and prospects related to the Company’s operations in Colombia and/or Bolivia. These statements reflect the Company’s current view. Risks and uncertainties could cause actual results to differ materially from those anticipated in these forward-looking statements.
By their nature, forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that could cause our actual results, performance, or achievements, or other future events, to be materially different from any future results, performance, or achievements expressed or implied by such statements.
The forward-looking information in this news release represents the Company’s expectations as of the date of this release and is subject to change thereafter. Readers should not give undue importance to forward-looking information or rely on it as of any other date. The Company does not undertake to update these forward-looking statements if management’s beliefs, estimates, opinions, or other factors change.
The Company advises investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and actual results may differ materially from those in forward-looking information due to various risk factors. These factors include uncertainties related to the COVID-19 pandemic and general economic or financial market conditions. Readers should refer to the Company’s public filings for a more complete discussion of these risk factors and their potential effects, accessible through the Company’s profile on SEDAR+ (). Except as required by securities law, the Company does not intend to update or revise any forward-looking information, whether as a result of new information, events, or otherwise.
SOURCE Auxico Resources Canada Inc.
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