Rackla Metals appoints Senior Mining Executive Jeff Reinson to the Board

Executive Summary

• Rackla Metals Inc. announced the appointment of Jeff Reinson to its Board of Directors.
• The company granted Mr. Reinson a stock option to purchase up to 250,000 common shares at an exercise price of $0.15 per share, exercisable for up to 10 years.
• Mr. Reinson brings over 25 years of senior mining executive experience, including leadership roles at Burgundy Diamond Mines, First Mining Gold, and Li-FT Power.

Key Details

• Director Appointment: Jeff Reinson appointed to the Board of Directors.
• Professional Background: Over 25 years of project, engineering, development, and operational leadership experience in the mining sector.
• Previous Roles: Former Vice President of Operations at Burgundy Diamond Mines (oversaw 24-hour operations of the Ekati Diamond Mine); former Chief Operating Officer at First Mining Gold Corp.; currently Senior Vice President of Development at Li-FT Power Ltd.
• Industry Experience: Held senior leadership and project director roles at Goldcorp, Newmont, and Rio Tinto.
• Education: Master of Science and Bachelor of Science in Civil Engineering from the University of Saskatchewan.
• Stock Option Grant: Granted an option to purchase up to 250,000 common shares of Rackla Metals.
• Option Terms: Exercise price of $0.15 per share; exercisable for up to 10 years.
• Strategic Context: Appointment aligns with the Company's evaluation of its tungsten assets in the Northwest Territories and potential redevelopment of the Canadian tungsten district.

Notable Quotes

• “Jeff’s appointment is an important addition to the Board of Rackla. As Rackla advances its tungsten strategy in the Northwest Territories, we believe it is essential to add senior mine engineering and operating experience at the Board level. Jeff’s background in mine development, project execution and operations will help the Company better evaluate development opportunities, technical and operating risks, and capital requirements, as Rackla considers the potential path from exploration toward development.” – Simon Ridgway, CEO and Director