Duluth Metals Limited (TSX:DM, DM.U in $US) is a Canadian company focused on developing the Twin Metals Minnesota copper-nickel-cobalt-platinum-palladium-gold-silver Project and is exploring for similar deposits in North-eastern Minnesota, USA. The Company has a joint venture on the proposed underground Twin Metals Minnesota (TMM) mining development project with Antofagasta plc under the joint venture company Twin Metals Minnesota LLC, which is 60% owned by Duluth and 40% by Antofagasta. The TMM Project is located within the rapidly emerging Duluth Complex mining camp in northeastern Minnesota. The Twin Metals Minnesota Project is amongst the world's largest Cu-Ni-PGM polymetallic sulphide deposits with contained metals (using a 0.3% Cu cut-off) of Indicated 13.7 billion lbs copper, 4.4 billion lbs nickel, and 21.2 million ozs ozs palladium+platinum+gold (TPM) and Inferred 11.8 billion lbs copper, 4.0 billion lbs nickel, and 12.8 million ozs TPM.
Christopher C. Dundas, B.Comm., MBA, Chairman & CEO, Director
Chris Dundas is currently Chairman & CEO, and Director of Duluth Metals Limited. He obtained a Bachelor of Commerce from Queen's University and a MBA from the University of California (Berkeley). Prior to joining Duluth Metals, he had 33 years of experience in investment banking, real estate, and large scale infrastructure and project finance. He has been instrumental in the start-up, organization, development and financing of Duluth Metals Limited. He is formerly a Director of Murray & Company Holdings Limited, a full service financial intermediary headquartered in Toronto and formerly the President of Murray & Company's Quebec subsidiary. He is a former Director of Wallbridge Mining Limited.
Vern Baker, Mining Eng., MBA, President
Vern Baker grew up in Reno, Nevada and has a Bachelor of Science in Mining Engineering from the University of Nevada. He later attained a MBA degree from Stanford University. Mr. Baker is a highly experienced mining executive with a focus on underground operations. Vern has broad experience in mining having previously been the General Manager of such significant mining operations as the Goldstrike mine in Nevada (Barrick Gold Corporation), the Homestake mine in South Dakota (Homestake Gold), the Hemlo mine in Ontario (a joint-venture operation of Teck and Barrick) and the Stillwater mine in Montana (Stillwater). Most recently, Mr. Baker has been VP Operations for FNX Mining in Sudbury.
Kelly J. Osborne, Mining Eng., COO
Kelly Osborne is a mining executive with over twenty-eight years of industry experience in the United States and Indonesia with major US based mining companies including Freeport-McMoRan, Vulcan Materials and Stillwater Mining Company. Prior to his appointment to Duluth Metals, Mr. Osborne was Senior Vice-President, Underground Operations (Indonesia) with Freeport-McMoRan Copper & Gold, and prior to that from 2006 to 2010, Vice-President, Underground Operations (Indonesia).
Marvin E. Dee, CPA, CEO
Marvin Dee is a highly experienced Minnesota financial executive well versed in domestic and international finance, treasury and tax, SEC/SOX accounting with a background in an operating multi-plant, multi-national manufacturing TQM environment. Prior to joining Duluth Metals, Mr. Dee was CFO and COO with Spectrum Plastics Group in Minneapolis, Minnesota. Mr. Dee has over 30 years of experience in Minnesota, previously with Hawkins Inc., Nath Companies, Tricord Systems Inc., Nordic Track Inc., Illbruck/USA Inc., as well as Ernst& Young and McGladrey & Pullen. Mr. Dee graduated from St. Cloud State University in Minnesota and is a member of the American Institute of Certified Public Accountants and the Minnesota Society of Certified Public Accountants.
H. James Blake, Q.C., LL.M., Corporate Secretary
Jim Blake is based in Toronto and is a senior law partner of McLean & Kerr LLP. He received his LL.M in Business Law from Osgoode Hall Law School , York University in 1970. His principal business focus is corporate/commercial/securities law and he has written and lectured extensively on the legal and fiduciary duties of corporate directors and officers and on business law matters.
Dean Peterson, Ph.D., Geology, Senior Vice President, Exploration
Dr. Peterson is a pre-eminent authority on Duluth Complex mineralization as he was Senior Research Associate at the Natural Resources Research Insitute of the University of Minnesota Duluth's (""UMD"") and co-director of the recently formed Precambrian Research Center at UMD. He has over 20 years' experience in mineral exploration, geological consulting, and developing economic geology research programs. As an industry geologist and consultant, he has experience with a variety of deposit types including; Archean lode Au deposits; epithermal Au; VMS deposits; Duluth Complex Cu-Ni-PGE deposits; high-grade Cu-PGE veins beneath the Sudbury Igneous Complex; and Cu-Au-Mo porphyry deposits. His research interests include economic geology, geological mapping, Precambrian geology, mineral potential modeling, and three-dimensional modeling of ore systems. Dr. Peterson has worked extensively in the National Science Foundation's initiative to develop a Deep Underground Science and Engineering Laboratory (DUSEL) in the United States, first as a Principal Investigator for the University of Minnesota's proposal for the Soudan Mine, and then collaborating with the DUSEL teams associated with the Homestake and Henderson mines.
Mark A. Cowan, B.A., J.D., Director
Mark Cowan is a partner at Patton Boggs LLP, a Washington based international law firm concentrating in public policy global business and trade. Mr. Cowan joined Patton Boggs after a long and successful career in the Washington public affairs industry. He served as president of Columbus Public Affairs and as Chief Executive Officer of Newmyer Associates, a public affairs and strategic intelligence firm. He was vice chairman of Cassidy & Associates and a founder and Chief Executive Officer of The Jefferson Group. Mr. Cowan also served at Gray & Company and Hill & Knowlton Public Relations, counseling numerous domestic and international clients. In addition, Mr. Cowan has held presidential and political appointments in three administrations.
James J. Jackson, C.A., C.P.A., Director
James Jackson, a retired executive and resident of the USA, serves as a Director and Chairman of the Audit Committee. Mr. Jackson is a former Alcan executive, and former Senior Vice-President and Chief Financial officer of MobiFon S.A. He is currently a member of the supervisory board of Bite Lithuania, a mobile telephone company and Board member of Neo Materials Technologies Inc. Mr.Jackson is a member of the Canadian Institute of Chartered Accountants and is a registered Certified Public Accountant in the United States. (
Lieutenant General John Sattler (USMC Ret.), Director
General Sattler brings 37 plus years of Marine Corps experience in leadership, command and staff positions, interagency coordination, strategic planning, congressional liaison, strategic communication and team building to Duluth Metals. General Sattler served as the Director of Strategic Plans and Policy (J5) to the U.S. Joint Chiefs of Staff from September 2006 until his retirement in August 2008. Prior to this, from 2004 to 2006, he was the Commanding General of the First Marine Expeditionary Force and Commander, Marine Corps Forces Central Command. During this period, he commanded all forces in Iraq within the Al Anbar Provence. During 2003-04, he commanded the initial Combined Joint Task Force-Horn of Africa and established the Headquarters in the Country of Djibouti. In addition, General Sattler has served three years as an acquisition officer and four years as the Marine Corps Congressional Liaison Officer to the House of Representatives. General Sattler has a B.Sc. Degree in Economics from the United States Naval Academy in 1971 and also graduated from the Marine Corps Amphibious Warfare School, the Marine Corps Command and Staff College, and the Industrial College of the Armed Forces.
Mr. Edward M. Smith, Director
Mr. Edward M. Smith is currently the Chief Executive Officer of Ullico Inc., and served as its President since May of 2008 as well as Executive Vice President in 2007-2008. Founded in 1927 as the Union Labor Life Insurance Company, Ullico provides insurance and financial solutions for labor unions, union employers, union benefit funds and union members. Before joining Ullico, Mr. Smith had a long and distinguished career at the Laborers' International Union of North America, which included serving over 58,000 members as the International Union Vice President and Midwest Regional Manager. Mr. Smith formerly served as Chairman of the Illinois State Board of Investment, chairman of the National Alliance for Fair Contracting, and a member of the Illinois Department of Labor Advisory Board. Currently he serves as a member of America's Agenda-Healthcare for All and sits on the Board of American Rights at Work. He also is a key benefactor to programs committed to helping children with reading and learning disabilities. Mr. Smith graduated from National Labor College with a Bachelor Arts Degree and currently serves on their Board. In 1978, he graduated from the Harvard University Trade Union Program.
Thomas F. Pugsley, M.Sc. Mining Eng., Director
Thomas Pugsley held senior management positions with Falconbridge Limited from 1977 onwards and retired from Falconbridge in 2004. Mr. Pugsley managed Falconbridge's interest in the US$1.8 billion Collahuasi Copper Project in Chile. He was also responsible for the implementation of Falconbridge's $600 million Raglan Project located in Nunavik Quebec as well as the design, planning and development of Falconbridge's US$3 billion Koniambo Ferronickel Project in New Caledonia. Prior to Falconbridge, Mr. Pugsley was Senior Mining Engineer and Mine Superintendent for Cominco's Black Angel Mine in Greenland. Mr. Pugsley and the Falconbridge team were awarded the PDAC Developers Award in 2000 for development of the Raglan and Collahuasi mines.