Board of Directors

Marcel de Groot

Director

Marcel de Groot is a co-founder and President of Pathway Capital Ltd.  Pathway partners with successful mining entrepreneurs to create new ventures.  Examples include Peru Copper, Equinox Gold, Sandstorm Gold and Solaris Resources.

Mr. de Groot holds a Bachelor of Commerce (B.Com) from the University of British Columbia (Vancouver) and is a Chartered Public Accountant (CPA, CA).

Current positions include Director of Versamet Royalties and Copper Standard.

Michael McDonald

Director

Michael McDonald, currently Vice President, Investor Relations & Corporate Development at B2Gold Corp. (“B2Gold”), has more than 15 years of experience in capital markets and joined B2Gold from Gold Standard Ventures where he served as Vice President, Corporate Development & Investor Relations from 2021. Prior to joining Gold Standard, he held corporate development and investor relations roles with SSR Mining from 2010 to 2017, and from 2019 to 2020. From 2017 to 2019, he was Vice President, Metal Sales for Goldcorp. Mr. McDonald started his career in investment banking with CIBC and holds a B.Com. in Finance from the University of British Columbia.

Elizabeth D. McGregor

Director

Ms. McGregor has over 20 years of financial experience and over 15 years of experience in the mining sector. She was most recently the Executive Vice-President and Chief Financial Officer of Tahoe Resources Inc. and was previously at Goldcorp and KPMG earlier in her career. Ms. McGregor has a wide variety of executive financial experience, including debt financing, stakeholder management, board reporting, and corporate, mine site and project management experience. Ms. McGregor currently serves as a director on the board of Kinross Gold Corporation. Ms. McGregor has a B.A. (Hons) from Queen’s University and is a Canadian Chartered Professional Accountant.

Mark Backens

Director

Mr. Backens has over 35 years of global mining experience, most recently serving as CEO of Alio Gold Inc.  Previous experience includes directorships with Alio Gold, Timmins Gold, Anthem United, New Strike Capital, Candelaria Mining and Soho Resources.  Mr. Backens other experience includes Director of Investment Banking – Mining for Scotia Capital and senior management roles with Meridian Gold, Placer Dome and Goldcorp in areas of engineering, mine construction, mine management and corporate development.  Mr. Backens holds a Bachelor of Science Degree in Geological Engineering from South Dakota School of Mines and also holds Partners Directors and Senior Officers Certification.  Mr. Backens was formerly a member of AIME, CIM and a Professional Geologist.

Juan Presa

Director

Mr. Presa has served as General Counsel of Union Group since September 2020 and as Corporate Execution Manager at Tether since November 2025, contributing to strategic initiatives and overseeing critical operational processes. His professional experience encompasses advising companies across diverse sectors, including agriculture, mining, and FinTech, with a strong focus on capital markets. He has worked with publicly listed companies on major exchanges such as the New York Stock Exchange, NASDAQ, and the Toronto Stock Exchange. He graduated from the Catholic University in Uruguay with a law degree and holds a Master’s Degree in M&A, Corporate, and Financial Direction from ISDE Law Business School in Madrid.