BMC Minerals Ltd.

Career chronology

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — President, Chief Executive Officer, Managing Director. Board and Management (Executive roster / management listing; Michael McClelland — President, Chief Executive Officer, Managing Director)

• April 9, 2024 to April 14, 2025: BMC Minerals Ltd. — Chief Financial Officer. BMC Minerals Annual Report 2026 (KMP appointment history lists CFO appointment 9 April 2024 and interim CEO appointment 15 April 2025.)

• April 15 to June 8, 2025: BMC Minerals Ltd. — Interim CEO. BMC Minerals Annual Report 2026 (KMP appointment history lists interim CEO from 15 April and President/CEO from 9 June 2025.)

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — President, CEO and Managing Director. BMC Minerals Annual Report 2026 (Annual report lists CEO promotion 9 June 2025 and director/MD appointment 5 December 2025.)

• Prior to BMC; exact individual start/end dates not established in BMC report: Titan Mining Corporation — Chief Financial Officer. BMC Minerals Annual Report 2026 (Annual report names CFO role at Titan but provides no dates; 2018 appointment announcement was searched but not added as a source.)

• Prior to BMC; exact dates not established in BMC annual report: Augusta Gold Corp. — Chief Financial Officer. BMC Minerals Annual Report 2026 (Annual report names CFO role at Augusta and related project support, without exact dates.)

• Prior to BMC; dates not provided in BMC annual report: Bisha Mining Share Company — Chief Financial Officer. BMC Minerals Annual Report 2026 (Annual report describes former CFO role but gives no dates.)

• Prior to BMC; dates not provided in BMC annual report: Goldcorp Inc. / Wharf Mine — Mine General Manager. BMC Minerals Annual Report 2026 (Annual report describes former Wharf Mine General Manager role but gives no dates.)

Education and qualifications

Accounting and economics qualifications with finance and mine-operations experience

Career through FY2026 · issuer reported · low materiality

BMC’s 2026 annual report identifies McClelland’s BA (Economics), Diploma (Accounting), CPA and CA (British Columbia), and membership of the Chartered Professional Accountants of British Columbia. It reports earlier work as CFO at Titan Mining and Augusta Gold, former CFO of Bisha Mining Share Company, and Mine General Manager of the Wharf Mine, and says he started in mining at KPMG. The report states that at Titan/Augusta he oversaw the successful Empire State Mines restart and supported Reward/Bullfrog development. Credentials are issuer-reported, not independently verified here.

Attribution: Responsibility not applicable. Source is issuer annual report; independent professional-register and education checks were not performed.

Relevance: Finance plus operations background is relevant to BMC’s financing, permitting and pre-construction development stage.

BMC Minerals Annual Report 2026 (Executive biography, pp. 29-30; appointment chronology, p. 38)

Contributions and company outcomes

BMC completed a A$100 million IPO and reached a new assessment decision

2025-12 to 2026-04 · issuer reported · medium materiality

BMC’s annual report states it completed a A$100 million IPO and ASX listing in December 2025. The issuer also reports a positive April 2026 Decision Document after additional consultation, which permits progression to remaining licences but does not itself authorize construction. McClelland became interim CEO in April 2025, President/CEO in June 2025, and MD/director in December 2025; these were corporate milestones during his management tenure, not individual production outcomes.

Attribution: Role overlaps event; causation unproven. The filing establishes company milestones during his CFO/CEO tenure but does not isolate his personal contribution.

Relevance: Relevant to financing and project execution; the company remains pre-construction and subject to licensing.

BMC Minerals Annual Report 2026 (Operating and financial review, IPO milestone, pp. 8-23; pp. 29-38); Kudz Ze Kayah Project (Decision Document and outstanding licences, lines 32-36)

Updated feasibility study strengthens the project case while funding and key permits remain outstanding

2026-11-02 · issuer reported · medium materiality

BMC’s 2 November 2026 study forecasts after-tax NPV5 of US$1.696 billion, IRR of 54%, life-of-mine after-tax cash flow of US$2.380 billion and a 1.4-year payback from processing. It reports pre-production capital of US$665 million including contingency but excluding expected lease-financed equipment, and US$909 million pre-production plus sustaining capital. These are issuer forecasts under the disclosed assumptions, not achieved operating results. The Type A Water Licence, Quartz Mining Licence, Fisheries authorization and other permits, financing and FID remain pending; late 2027 is a target subject to permits and further studies. The study is a company milestone during McClelland’s CEO tenure and does not isolate his personal contribution.

Attribution: Role overlaps event; causation unproven. The study is a BMC disclosure and forecast. It does not establish individual authorship, financing completion, construction authorization or personal delivery by McClelland.

Relevance: Material current context for CEO oversight of project development and funding; forecasts remain conditional and the company has no operating mine.

Updated 2026 Feasibility Study (pp. 1-4: summary economics, capital, permit, financing and FID disclosures)

Litigation and enforcement

KZK approval was set aside for a limited consultation remedy; a new positive decision followed

2022 to 2026-11-02 · documented · medium materiality

The Supreme Court of Yukon found that the governments had not fulfilled their duty to consult on a specific June 14, 2022 Kaska submission and set aside the 2022 Decision Document for a limited purpose of further consultation. The Court of Appeal later ordered further consultation on economic viability. This was a finding about Crown conduct, not misconduct by BMC or McClelland. He joined BMC as CFO on April 9, 2024, before the December 2024 appeal ruling; BMC reports that consultation concluded with a positive Decision Document in April 2026. As of the issuer project page and Yukon licensing index accessed October 9, 2026, Quartz Mining and Type A/B Water licences remained to be advanced/reviewed. In a separate procedural step, BMC applied in March 2025 for court-set consultation and decision deadlines; the Court of Appeal dismissed the application without prejudice to seeking reopening before the panel. In April 2026, the government issued a positive new Decision Document after further consultation. BMC’s September 2026 annual report subsequently disclosed receipt of a Type B Water Licence and a five-year Class 3 Quartz Mining Land Use Approval after year-end. BMC’s 2 November 2026 updated feasibility study now forecasts after-tax NPV5 of US$1.696 billion, 54% IRR and 1.4-year payback from processing, but those are issuer forecasts and no construction decision or funding is in place. The 25-year Type B Water Licence and five-year Class 3 land-use approval were received in July; the Type A Water Licence, Quartz Mining Licence, Fisheries authorization and ancillary permits remain, financing and FID are pending, and the issuer targets late 2027 FID subject to permits and further technical studies.

Attribution: Role overlaps event; causation unproven. McClelland was BMC CFO during the appellate development; the courts’ duty-to-consult finding was against government decision bodies and the cited decisions do not identify personal fault by him.

Relevance: Material project legal and permitting risk for CEO oversight; the new positive decision is a partial resolution, with licences still outstanding.

Ross River Dena Council v Yukon (Government of), 2024 YKSC 1 (Reasons, paras. 1-3, 16-18 and order, pp. 3, 5, 10); Ross River Dena Council v Yukon (Government of), 2024 YKCA 18 (Background and outcome, paras. 7-11; project and consultation context); Kudz Ze Kayah Project (Project status, lines 32-36); Kudz Ze Kayah project: Licensing documents (Licence and documents under review, lines 37-61); Ross River Dena Council v Yukon (Government of), 2025 YKCA 4 (Decision dated 28 March 2025; procedural ruling on BMC application to set consultation deadlines); BMC Minerals Annual Report 2026 (Subsequent Events, p. 36: Type B Water Licence and five-year Class 3 Quartz Mining Land Use Approval received after 30 June 2026); Updated 2026 Feasibility Study (pp. 1-4: updated feasibility-study forecast; p. 4: licences, financing and FID status); September 2026 Quarterly Activities Report (p. 9: permit status and late-2027 FID target)

Suitability for the current role

Role fit remains only partly evidenced

Current role through 2026-11-02 · analyst inference · low materiality

Issuer page identifies CEO/MD role and BA Economics, Diploma Accounting, CPA and CA(BC) credentials. This supports relevant disclosed experience for President, Chief Executive Officer, Managing Director, but does not establish attributable performance across the full tenure. Analyst assessment: role relevance is plausible; strength is unproven from reviewed public sources.

Attribution: Responsibility not applicable. This is an analytical role-fit assessment; it does not allege responsibility for outcomes.

Relevance: Relevant to current President, Chief Executive Officer, Managing Director duties at BMC Minerals Ltd..

Board and Management (Current board and management listing; Michael McClelland)

Evidence gaps

• Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.

• Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.

• No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.

• For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.

• Open-web/name-search results documented here are not an exhaustive criminal, sanctions, litigation, regulator, safety or environmental clearance; records were not searched across every jurisdiction of prior employment.

Career chronology

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — Chief Financial Officer. Board and Management (Executive roster / management listing; James Paterson — Chief Financial Officer)

Education and qualifications

Accounting and financial-systems qualifications reported by BMC

Current at 2026-10-09 · issuer reported · low materiality

BMC’s management page lists James Paterson as BComm, Graduate Diploma in Accounting and Financial Information Systems, CA. BMC’s annual report records his CFO appointment effective 2 September 2025. Public sources reviewed did not establish a dated prior-employer chronology or independent credential validation.

Attribution: Responsibility not applicable. Qualifications are issuer-reported; no professional-register or educational institution confirmation was made.

Relevance: Directly relevant to current CFO duties, while previous company outcomes remain under-evidenced.

Board and Management (Senior Management, CFO listing and qualifications, lines 95-102); BMC Minerals Annual Report 2026 (Appointment history, p. 38)

Suitability for the current role

Role fit remains only partly evidenced

Current role through 2026-11-02 · analyst inference · low materiality

Issuer page identifies CFO role and B.Com, accounting/financial-information-systems graduate diploma and CA. This supports relevant disclosed experience for Chief Financial Officer, but does not establish attributable performance across the full tenure. Analyst assessment: role relevance is plausible; strength is unproven from reviewed public sources.

Attribution: Responsibility not applicable. This is an analytical role-fit assessment; it does not allege responsibility for outcomes.

Relevance: Relevant to current Chief Financial Officer duties at BMC Minerals Ltd..

Board and Management (Current board and management listing; James Paterson)

Evidence gaps

• Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.

• Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.

• No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.

• For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.

• Full prior-employer chronology and external validation of BComm, Graduate Diploma and CA status are not established by the reviewed sources.

• Open-web/name-search results documented here are not an exhaustive criminal, sanctions, litigation, regulator, safety or environmental clearance; records were not searched across every jurisdiction of prior employment.

Career chronology

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — SVP Exploration and Development. Board and Management (Executive roster / management listing; Neil Martin — SVP Exploration and Development)

• Continuous BMC-group service since inception (reported); SVP role commenced 12 December 2025: BMC (UK) Limited / BMC Minerals — Founding Director; Executive Manager / Technical Director, Exploration and Development. BMC Minerals Annual Report 2026 (Annual report says founding director and long service since group inception; SVP/KMP role appointment date is 12 December 2025.)

• Dates not provided: Jabiru Metals Ltd. — Exploration Manager. BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Historic BMC project overview identifies past Exploration Manager role.)

• Dates not provided: Independence Group NL — Chief Geologist. BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Historic BMC project overview identifies past Chief Geologist role.)

• Approx. prior 15 years (BMC-authored profile); project-level exact dates not provided: Tectonic Resources / Consolidated Minerals / Western Metals — Project development and geology roles. BMC Minerals Kudz Ze Kayah Project Overview and consultation record (BMC-authored profile lists project development outcomes at Rav8, Coobina and Pillara but not person-by-person dates.)

Education and qualifications

Geology PhD and technical leadership with project-development history

Career through 2026-10-09 · issuer reported · medium materiality

BMC’s leadership page lists a Geology PhD and MAIG. The historical BMC project proposal describes nearly 30 years in exploration and mining, a University of Tasmania/CODES PhD, prior exploration-management and chief-geologist roles, and project experience. The FY2026 annual report confirms Martin as a Competent Person and Member of the Australian Institute of Geoscientists; it also states his technical review/approval role for the resource/reserve disclosure. Dates and university award confirmation were not independently verified.

Attribution: Responsibility not applicable. BMC biography and filings support the profile; no independent degree-register check was performed.

Relevance: Strong relevance to the technical and exploration remit at a pre-construction VMS project.

Board and Management (Senior management credentials, lines 105-112); BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Project Overview, Neil Martin profile, pp. 23-24); BMC Minerals Annual Report 2026 (Annual Report competent person disclosure, pp. 103-104)

Contributions and company outcomes

Technical disclosure and current exploration progress are documented; individual discovery attribution remains limited

2014 to 2026-10-30 · issuer reported · medium materiality

BMC’s 26 October 2026 quarterly report identifies Martin as the Competent Person who reviewed the technical information. The 30 October update reports 15 Rhyolite Peak drill holes, 10 with massive-sulphide intersections and additional assay results; mineralization remains open and the company says further drilling is needed. The separate quarterly report records approximately 19,000 m of a 20,000 m 2026 program completed by 30 September and FID targeted for late 2027 subject to permits and technical studies. These records document technical review and project progress, not sole discovery credit, construction or mine production.

Attribution: Individual involvement documented. The quarterly report directly documents Martin’s technical review. The disclosures do not assign him sole responsibility for discovery, exploration results, permitting, financing or the future project decision.

Relevance: Relevant to technical leadership and exploration; the project remains pre-construction and dependent on permits and funding.

BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Project Overview, project team and Martin profile, pp. 23-24); BMC Minerals Annual Report 2026 (Competent Person disclosure, p. 103); Kudz Ze Kayah Project (April 2026 decision and remaining licences, lines 32-36); September 2026 Quarterly Activities Report (pp. 9-11: project status, FID target and Competent Person review by Neil Martin); Rhyolite Peak Exploration Update (pp. 1-3: disclosed Rhyolite Peak results and remaining work)

Litigation and enforcement

KZK court challenge produced a limited consultation remedy, later followed by a positive assessment decision

2022 to 2026-11-02 · documented · medium materiality

The Yukon Supreme Court found a limited Crown duty-to-consult failure concerning a June 2022 submission and set aside the project Decision Document for further consultation on that issue. The Yukon Court of Appeal later ordered further consultation on the project’s economic viability. These were findings about government consultation duties; they do not establish a breach or personal wrongdoing by BMC or Martin. Martin is documented as a founding BMC director and long-serving technical leader, so the dispute overlapped company leadership, but no individual causal role was found. BMC reports a positive April 2026 Decision Document; remaining licences are still required. In a separate procedural step, BMC applied in March 2025 for court-set consultation and decision deadlines; the Court of Appeal dismissed the application without prejudice to seeking reopening before the panel. In April 2026, the government issued a positive new Decision Document after further consultation. BMC’s September 2026 annual report subsequently disclosed receipt of a Type B Water Licence and a five-year Class 3 Quartz Mining Land Use Approval after year-end. BMC’s 2 November 2026 updated feasibility study now forecasts after-tax NPV5 of US$1.696 billion, 54% IRR and 1.4-year payback from processing, but those are issuer forecasts and no construction decision or funding is in place. The 25-year Type B Water Licence and five-year Class 3 land-use approval were received in July; the Type A Water Licence, Quartz Mining Licence, Fisheries authorization and ancillary permits remain, financing and FID are pending, and the issuer targets late 2027 FID subject to permits and further technical studies.

Attribution: Role overlaps event; causation unproven. The courts identify Crown decision bodies’ consultation failure; the available decisions do not assign responsibility to Martin.

Relevance: Material to oversight of project development and permitting, with partial resolution but remaining licensing dependencies.

Ross River Dena Council v Yukon (Government of), 2024 YKSC 1 (Reasons, paras. 1-3, 16-18 and order, pp. 3, 5, 10); Ross River Dena Council v Yukon (Government of), 2024 YKCA 18 (Background and consultation order, pp. 3-6); Kudz Ze Kayah Project (Decision status and permits outstanding, lines 32-36); Kudz Ze Kayah project: Licensing documents (Current licensing document index, lines 37-61); Ross River Dena Council v Yukon (Government of), 2025 YKCA 4 (Decision dated 28 March 2025; procedural ruling on BMC application to set consultation deadlines); BMC Minerals Annual Report 2026 (Subsequent Events, p. 36: Type B Water Licence and five-year Class 3 Quartz Mining Land Use Approval received after 30 June 2026); Updated 2026 Feasibility Study (pp. 1-4: updated feasibility-study forecast; p. 4: licences, financing and FID status); September 2026 Quarterly Activities Report (p. 9: permit status and late-2027 FID target)

Suitability for the current role

Role fit remains only partly evidenced

Current role through 2026-11-02 · analyst inference · low materiality

Issuer page identifies senior exploration/development role, PhD and MAIG. This supports relevant disclosed experience for SVP Exploration and Development, but does not establish attributable performance across the full tenure. Analyst assessment: role relevance is plausible; strength is unproven from reviewed public sources.

Attribution: Responsibility not applicable. This is an analytical role-fit assessment; it does not allege responsibility for outcomes.

Relevance: Relevant to current SVP Exploration and Development duties at BMC Minerals Ltd..

Board and Management (Current board and management listing; Neil Martin)

Evidence gaps

• Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.

• Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.

• No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.

• For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.

• Open-web/name-search results documented here are not an exhaustive criminal, sanctions, litigation, regulator, safety or environmental clearance; records were not searched across every jurisdiction of prior employment.

Career chronology

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — Company Secretary. Board and Management (Executive roster / management listing; Karen Logan — Company Secretary)

Education and qualifications

Company-secretarial credentials and more than 20 years’ governance experience

Current appointment from 2025-12-05 · issuer reported · low materiality

BMC’s 2026 annual report identifies Logan as BComm, Graduate Diploma in Applied Corporate Governance, FCG, FGIA and GAICD, and says she has more than 20 years of company-secretarial and governance experience across resources and other sectors, including capital raisings, M&A, IPOs and reverse listings. Her BMC appointment was 5 December 2025. No independent credential verification was completed.

Attribution: Responsibility not applicable. The profile and qualifications are issuer-reported; no independent membership/register verification was completed.

Relevance: Relevant to corporate governance and listed-company compliance.

BMC Minerals Annual Report 2026 (Company Secretary biography and appointment, p. 31)

Suitability for the current role

Role fit remains only partly evidenced

Current role through 2026-11-02 · analyst inference · low materiality

Issuer page identifies company secretary role and B.Com, applied corporate governance diploma, FGIA and GAICD. This supports relevant disclosed experience for Company Secretary, but does not establish attributable performance across the full tenure. Analyst assessment: role relevance is plausible; strength is unproven from reviewed public sources.

Attribution: Responsibility not applicable. This is an analytical role-fit assessment; it does not allege responsibility for outcomes.

Relevance: Relevant to current Company Secretary duties at BMC Minerals Ltd..

Board and Management (Current board and management listing; Karen Logan)

Evidence gaps

• Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.

• Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.

• No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.

• For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.

• Exact prior-employer dates and standing of the listed governance memberships were not independently checked.

• Open-web/name-search results documented here are not an exhaustive criminal, sanctions, litigation, regulator, safety or environmental clearance; records were not searched across every jurisdiction of prior employment.

Career chronology

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — Vice President, Exploration. Board and Management (Senior Management listing; Robin Black)

• From 2005; dates after 2005 not stated: Yukon Zinc Corp. — Geologist, Wolverine deposit. BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Historical Yukon industry profile states his first geology role was at Yukon Zinc on Wolverine in 2005.)

• After 2005, exact dates unknown: Equity Exploration Consultants Ltd. — Project Geologist. BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Historical Yukon industry profile says Equity hired him full-time and he worked on grassroots through prefeasibility Yukon projects.)

Education and qualifications

Geology MSc and professional geoscientist credentials reported by BMC

Public profile as of 2026-10-09 · issuer reported · low materiality

BMC’s current management page lists an MSc in Geology and P.Geo. The opened Yukon-hosted historical profile describes Black’s earlier work at Yukon Zinc on the Wolverine deposit and at Equity Exploration Consultants on Yukon projects. The available materials do not establish when he joined BMC or verify his education and professional registration independently.

Attribution: Responsibility not applicable. Current credentials are issuer-reported; prior experience appears in a Yukon-hosted historical profile. No professional-register or institution check was completed.

Relevance: Relevant to exploration and technical reporting.

Board and Management (Senior management credentials, lines 115-122)

Contributions and company outcomes

Technical reporting role is documented; personal discovery attribution remains limited

FY2026 to 2026-10-30 · issuer reported · medium materiality

BMC’s FY2026 annual report identifies Black as a Competent Person for exploration results and mineral-resource reporting. The 30 October 2026 Rhyolite Peak update reports 15 completed holes, 10 massive-sulphide intersections and additional assays; it leaves mineralization open and does not credit Black with individual discoveries. The 26 October quarterly report instead identifies Neil Martin as the Competent Person who reviewed the technical information. This supports a continuing exploration-reporting context but not personal discovery attribution or an operating outcome.

Attribution: Role overlaps event; causation unproven. Black is documented as a Competent Person in FY2026 reporting, but the latest release names Martin as the technical reviewer; no source attributes the disclosed Rhyolite Peak intersections to Black personally.

Relevance: Relevant to the exploration leadership role; project remains pre-production.

BMC Minerals Annual Report 2026 (Operating and technical review; Competent Person disclosure); Rhyolite Peak Exploration Update (pp. 1-3: drilling results and no individual discovery attribution); September 2026 Quarterly Activities Report (p. 11: QP review by Neil Martin)

Suitability for the current role

Public evidence does not yet establish full role fit

Current role at 2026-11-02 · analyst inference · low materiality

The issuer identifies Robin Black as Vice President, Exploration, a position relevant to current operations. The reviewed public disclosure provides insufficient independently verified chronology or delivered outcomes to assess the person beyond that stated responsibility.

Attribution: Responsibility not applicable. This is a limited analyst inference about role relevance, not a claim of personal contribution or responsibility.

Relevance: Vice President, Exploration supports the company’s operations and governance.

Board and Management (Current board and management listing; Robin Black)

Evidence gaps

• Full prior-career chronology and dates were not established in the issuer source reviewed.

• Credentials are not independently verified.

• No exhaustive regulator, court, safety, environmental, sanctions or criminal-record sweep was completed.

• Exact dates by employer and independent verification of MSc/PGeo standing are not established.

• Open-web/name-search results documented here are not an exhaustive criminal, sanctions, litigation, regulator, safety or environmental clearance; records were not searched across every jurisdiction of prior employment.

• BMC appointment date and duration in the current VP Exploration role are not established by opened sources; an older newsletter search result was inaccessible and excluded.

Career chronology

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — Vice President, External Affairs. Board and Management (Senior Management listing; Allan Nixon)

• Two years immediately before joining BMC (profile); dates not specified: The Borealis Group — Principal / strategic advisory consultant. Yukon Chamber of Mines — Who We Are (Professional association biography says he led The Borealis Group prior to joining BMC in 2019.)

• Last eight years of a long Yukon Government career; exact dates not specified: Yukon Government, Department of Highways and Public Works — Assistant Deputy Minister, Transportation Division. Yukon Chamber of Mines — Who We Are (Chamber biography says eight years as ADM overseeing infrastructure delivery and regulatory matters.)

Education and qualifications

External-affairs leader with Yukon government and Indigenous-relations experience

BMC role from 2019; profile accessed 2026-10-09 · issuer reported · low materiality

The Yukon Chamber of Mines biography reports Nixon joined BMC in 2019, previously led a Yukon strategic-advisory firm, and served as Assistant Deputy Minister of Transportation for the Yukon Government during the last eight years of a longer public-service career. It says he worked on transportation infrastructure and regulation, First Nations/community relations and Yukon land-claim negotiations, and holds an MBA from Queen’s University. Education and earlier job dates were not independently verified.

Attribution: Responsibility not applicable. Profile is published by a professional association; no independent employer/university record check was performed.

Relevance: Relevant to external affairs and local permitting/community engagement.

Yukon Chamber of Mines — Who We Are (Allan Nixon biography, lines 31-40)

Litigation and enforcement

KZK consultation case required a further process, with a positive decision issued in 2026

2022 to 2026-11-02 · documented · medium materiality

The Yukon Supreme Court and Court of Appeal required additional consultation following a limited Crown duty-to-consult failure and later directed further consultation on economic viability. The courts’ findings concerned government decision bodies, not Nixon or BMC misconduct. Nixon’s role as BMC external-affairs lead dates to 2019 and therefore overlaps the project process; the current issuer page reports a positive decision in April 2026 after consultation, while key licences remain pending. This is a material stakeholder and permitting outcome relevant to his remit, but personal fault is not established. In a separate procedural step, BMC applied in March 2025 for court-set consultation and decision deadlines; the Court of Appeal dismissed the application without prejudice to seeking reopening before the panel. In April 2026, the government issued a positive new Decision Document after further consultation. BMC’s September 2026 annual report subsequently disclosed receipt of a Type B Water Licence and a five-year Class 3 Quartz Mining Land Use Approval after year-end. BMC’s 2 November 2026 updated feasibility study now forecasts after-tax NPV5 of US$1.696 billion, 54% IRR and 1.4-year payback from processing, but those are issuer forecasts and no construction decision or funding is in place. The 25-year Type B Water Licence and five-year Class 3 land-use approval were received in July; the Type A Water Licence, Quartz Mining Licence, Fisheries authorization and ancillary permits remain, financing and FID are pending, and the issuer targets late 2027 FID subject to permits and further technical studies.

Attribution: Role overlaps event; causation unproven. His employer-facing role overlapped the project’s Indigenous consultation and external-relations process; court findings do not attribute responsibility to him.

Relevance: Directly relevant to external affairs; approval progress is partial and remaining licenses and stakeholder engagement remain material.

Yukon Chamber of Mines — Who We Are (Role and BMC start date, lines 31-40); Ross River Dena Council v Yukon (Government of), 2024 YKSC 1 (Consultation holding and limited remedy, pp. 3, 5, 10); Ross River Dena Council v Yukon (Government of), 2024 YKCA 18 (Further consultation order, pp. 3-6); Kudz Ze Kayah Project (April 2026 decision and permit status, lines 32-36); Ross River Dena Council v Yukon (Government of), 2025 YKCA 4 (Decision dated 28 March 2025; procedural ruling on BMC application to set consultation deadlines); BMC Minerals Annual Report 2026 (Subsequent Events, p. 36: Type B Water Licence and five-year Class 3 Quartz Mining Land Use Approval received after 30 June 2026); Updated 2026 Feasibility Study (pp. 1-4: updated feasibility-study forecast; p. 4: licences, financing and FID status); September 2026 Quarterly Activities Report (p. 9: permit status and late-2027 FID target)

Suitability for the current role

Public evidence does not yet establish full role fit

Current role at 2026-11-02 · analyst inference · low materiality

The issuer identifies Allan Nixon as Vice President, External Affairs, a position relevant to current operations. The reviewed public disclosure provides insufficient independently verified chronology or delivered outcomes to assess the person beyond that stated responsibility.

Attribution: Responsibility not applicable. This is a limited analyst inference about role relevance, not a claim of personal contribution or responsibility.

Relevance: Vice President, External Affairs supports the company’s operations and governance.

Board and Management (Current board and management listing; Allan Nixon)

Evidence gaps

• Full prior-career chronology and dates were not established in the issuer source reviewed.

• Credentials are not independently verified.

• No exhaustive regulator, court, safety, environmental, sanctions or criminal-record sweep was completed.

• Exact Yukon Government and Borealis start/end dates, MBA award verification, and project-specific engagement outcomes are not established.

• Open-web/name-search results documented here are not an exhaustive criminal, sanctions, litigation, regulator, safety or environmental clearance; records were not searched across every jurisdiction of prior employment.

Career chronology

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — Vice President, Environment and Permitting. Board and Management (Senior Management listing; Kelli Bergh)

• At least 2019; exact dates unknown: GTK Environmental Management Ltd. — Environmental consultant. BMC Minerals Annual Report 2026 (BMC technical report reliance note describes environmental input provided by Bergh of GTK; exact dates not available in current source review.)

Education and qualifications

Environmental science, toxicology and permitting credentials reported by BMC

Current company page and historical assessment record · issuer reported · low materiality

BMC’s current management page lists Bergh’s BSc, MET and Registered Professional Biologist credentials. A Yukon-hosted historical assessment identifies her as the project environmental contact. The accessible sources do not establish her 2015 experience duration, degree institutions or award dates, and the credentials/registration were not independently checked.

Attribution: Responsibility not applicable. Current credentials are issuer-reported; historic project-contact role appears in project documentation. Independent degree/register checks were not completed.

Relevance: Direct relevance to environmental management, assessment and permitting.

Board and Management (Senior management credentials, lines 134-142); BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Project Overview, environmental contact, p. 24)

Environmental record

BMC reports two major permits received; key mine approvals remain outstanding and no personal breach is established

FY2026 through 2026-11-02 · issuer reported · low materiality

BMC’s FY2026 annual report says it was not aware of a material environmental breach during that year, an issuer assertion rather than independent verification. The 26 October quarterly report and 2 November feasibility-study release state that the 25-year Type B Water Licence and five-year Class 3 Quartz Mining Land Use Approval were received in July 2026. The Type A Water Licence, Quartz Mining Licence, Fisheries authorization and ancillary permits remain necessary; the issuer targets late 2027 FID subject to approvals and further technical studies. Bergh is listed as Vice President, Environment and Permitting, but the reviewed sources do not establish that she personally secured permits or committed a breach.

Attribution: Role overlaps event; causation unproven. Permit status and environmental representations are BMC disclosures. Bergh’s role overlaps the permitting process, but no personal responsibility for the decisions or breach is established.

Relevance: Directly relevant to environmental and permitting oversight; most approvals needed to construct and operate the mine remain pending.

BMC Minerals Annual Report 2026 (Environmental Regulation and Performance, p. 34; environmental approvals/performance, FY2026 review); Kudz Ze Kayah project: Licensing documents (Plans under review and Quartz Mining License status, lines 37-61); September 2026 Quarterly Activities Report (p. 9: Type B, Class 3, Type A, QML, Fisheries and FID status); Updated 2026 Feasibility Study (p. 4: permits still outstanding and FID target)

Suitability for the current role

Public evidence does not yet establish full role fit

Current role at 2026-11-02 · analyst inference · low materiality

The issuer identifies Kelli Bergh as Vice President, Environment and Permitting, a position relevant to current operations. The reviewed public disclosure provides insufficient independently verified chronology or delivered outcomes to assess the person beyond that stated responsibility.

Attribution: Responsibility not applicable. This is a limited analyst inference about role relevance, not a claim of personal contribution or responsibility.

Relevance: Vice President, Environment and Permitting supports the company’s operations and governance.

Board and Management (Current board and management listing; Kelli Bergh)

Evidence gaps

• Full prior-career chronology and dates were not established in the issuer source reviewed.

• Credentials are not independently verified.

• No exhaustive regulator, court, safety, environmental, sanctions or criminal-record sweep was completed.

• The Yukon licensing index does not expose complete inspection/reporting histories; independent verification of qualifications, enforcement history and personal compliance responsibility was not completed.

• Open-web/name-search results documented here are not an exhaustive criminal, sanctions, litigation, regulator, safety or environmental clearance; records were not searched across every jurisdiction of prior employment.

• Exact BMC appointment and degree dates and current professional-registration standing were not independently verified; inaccessible newsletter material is excluded.

Career chronology

• Current in selected roster dated 2026-10-31: BMC Minerals Ltd. — Group Engineer. Board and Management (Senior Management listing; George Smith)

• Director appointed April 7, 2015 and retired May 28, 2025; remains Group Engineer: BMC Minerals (No.1) Ltd. — Group Engineer; Director until May 28, 2025. BMC Minerals Annual Report 2026 (Annual report records director tenure and continued Group Engineer employment.)

• Most recent role before BMC in historic profile; dates not provided; employer spelling/identity unresolved: “Barrack Gold” (as printed in BMC historical profile; identity unresolved) — Chief Mining Engineer. BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Historic project proposal says most recently Chief Mining Engineer in Toronto.)

• Before BMC; dates not provided: Tectonic Resources — Chief Mining Engineer. BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Historic project proposal lists earlier Chief Mining Engineer role.)

• Before BMC; dates not provided: McMahan Contractors — Senior Engineer. BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Historic project proposal lists Senior Engineer position.)

Education and qualifications

Mining engineer with MSc and AusIMM fellowship reported by BMC

Career through 2025; Group Engineer current at cutoff · issuer reported · low materiality

BMC’s management page lists an MSc and FAusIMM. Its historic project overview describes approximately 25 years in mining in Australia and Canada, including Chief Mining Engineer roles at “Barrack Gold” (as printed in the source; identity unresolved) and Tectonic Resources and Senior Engineer at McMahan Contractors. The FY2026 annual report records director service through May 28, 2025 and continued Group Engineer employment, and identifies him as a Competent Person for resource/reserve reporting. Qualification award and membership status were not independently verified.

Attribution: Responsibility not applicable. BMC source material supports history/qualifications; no independent credential check was performed.

Relevance: Relevant engineering/development experience; role continues after board exit.

Board and Management (Group Engineer qualification listing, lines 143 onward); BMC Minerals Kudz Ze Kayah Project Overview and consultation record (Project Overview, George Smith profile, p. 23); BMC Minerals Annual Report 2026 (Board cessation and continuing Group Engineer role, p. 38; Competent Person disclosure, p. 103)

Suitability for the current role

Public evidence does not yet establish full role fit

Current role at 2026-11-02 · analyst inference · low materiality

The issuer identifies George Smith as Group Engineer, a position relevant to current operations. The reviewed public disclosure provides insufficient independently verified chronology or delivered outcomes to assess the person beyond that stated responsibility.

Attribution: Responsibility not applicable. This is a limited analyst inference about role relevance, not a claim of personal contribution or responsibility.

Relevance: Group Engineer supports the company’s operations and governance.

Board and Management (Current board and management listing; George Smith)

Evidence gaps

• Full prior-career chronology and dates were not established in the issuer source reviewed.

• Credentials are not independently verified.

• No exhaustive regulator, court, safety, environmental, sanctions or criminal-record sweep was completed.

• Exact previous-employer dates, institution for MSc, and current FAusIMM membership standing were not independently verified.

• Open-web/name-search results documented here are not an exhaustive criminal, sanctions, litigation, regulator, safety or environmental clearance; records were not searched across every jurisdiction of prior employment.

Career chronology

• Current at issuer page access 2026-11-02; start date not disclosed: BMC Minerals Ltd. — Vice President, Project Development. Board and Management (Current management listing; title and disclosed qualifications)

• Appointment announced in an undated issuer social post; preceded current title, exact period unknown: BMC Minerals Ltd. — Senior Manager, Environment and Permitting. BMC appointment post for Josh Moncrieff (BMC Minerals appointment post; LinkedIn date display is “2y Edited”)

• Role documented in Cozamin technical reports in 2021 and 2023; exact employment dates unknown: Capstone Mining Corp. — Director, Technical Services. NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico (Qualified Person certificate; employer and Director, Technical Services title); NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico (QP and site-inspection information, sections 2.3-2.4); Capstone Mining Corp. 2022 Annual Information Form (2022 AIF identifies Moncrieff as a Capstone employee)

Education and qualifications

Hydrogeology and mine technical-services credentials are reported in technical disclosures

Qualifications stated in 2021 technical report; current issuer listing checked 2026-11-02 · issuer reported · low materiality

A Capstone Cozamin technical-report QP certificate lists a BSc in Oceanography and Geophysics from the University of British Columbia (2002), an MSc in Geology from the University of Calgary (2006), practice since 2002 and more than 14 years supporting open-pit and underground mine technical services, including mine water, tailings, heap leach and waste management. BMC’s current page lists BSc, MSc, P.Eng. and P.Geo.; its issuer-posted profile and the signed technical-report certificate are not independent verification of current registration status. A LinkedIn profile self-reports P.Eng. issuance in July 2026, but no regulator register check was completed.

Attribution: Responsibility not applicable. Qualifications are stated in a signed QP certificate and BMC profile; current professional registration and degree records were not independently checked. LinkedIn credential details are self-reported.

Relevance: Relevant to a project-development role that includes engineering and mine-water/tailings interfaces.

NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico (Qualified Person certificate: education, practice history and technical-services focus); Board and Management (Current management profile and disclosed credentials); BMC appointment post for Josh Moncrieff (BMC appointment post: says Professional Engineer and Geologist)

Industrial safety

Employer reported a 2021 underground contractor fatality; no personal role is established

2021-03-07 · documented · low materiality

Capstone reported that a contractor was fatally injured by a rockfall from an underground drill face at Cozamin on 7 March 2021. The initial announcement said operations were suspended, the mill restarted and an investigation was ongoing. A Cozamin QP report issued later in March 2021 records Moncrieff as Capstone’s Director, Technical Services, establishing temporal employer overlap but not responsibility for mine safety, the ground-control design, the incident or the investigation. No later investigation outcome attributable to him was identified in this scoped review.

Attribution: Employer context; no individual link established. Capstone’s announcement does not name Moncrieff. The later QP certificate establishes his title but no incident-specific responsibility.

Relevance: A material employer safety event during the documented period of technical-services work; relevant background context only.

Capstone Reports Contractor Fatality at Cozamin Mine (Issuer announcement dated 2021-03-08); NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico (QP certificate; Director, Technical Services)

Separate 2022 off-site security fatality; no personal connection identified

2022-10-17 · documented · low materiality

Capstone reported that an employee was shot and killed on the main access road between Zacatecas city and Cozamin in October 2022; the mine site remained secure and operational. A 2022 Capstone AIF identifies Moncrieff as an employee, but no source reviewed links him to the fatality or to security management. This event is distinct from the March 2021 underground contractor rockfall fatality.

Attribution: Employer context; no individual link established. The issuer release does not identify Moncrieff or attribute responsibility to him; no personal role is established.

Relevance: Employer security context during the period of technical-services employment, with no demonstrated personal link.

Capstone Reports Security Incident Near Cozamin Mine (Issuer announcement dated 2022-10-17); Capstone Mining Corp. 2022 Annual Information Form (Employee identification in 2022 AIF)

Suitability for the current role

Relevant technical and permitting experience is documented; BMC outcome attribution remains unresolved

Current BMC title at 2026-11-02; prior titles undated · analyst inference · low materiality

BMC’s current management page places Moncrieff in Vice President, Project Development; the issuer post records an earlier Senior Manager, Environment and Permitting appointment. His Capstone technical-report role includes mine-water and tailings technical-services experience and site review. BMC’s 2026 feasibility study and Q3 disclosures are still pre-construction: key mine approvals, financing and FID remain pending. The evidence supports role relevance, but not his exact BMC transition date or personal responsibility for any completed project milestone.

Attribution: Responsibility not applicable. Role-fit inference only. Current title is issuer-reported; exact appointment and title-change dates are unavailable.

Relevance: Relevant to current development and permitting responsibilities; the project remains conditional on permits, financing and an investment decision.

Board and Management (Current management title); BMC appointment post for Josh Moncrieff (Prior environment and permitting appointment); NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico (QP certificate and mine technical-services focus); Updated 2026 Feasibility Study (pp. 1-4: current study, permits, financing and FID)

Evidence gaps

• Exact start date for BMC and the date/title change from Senior Manager, Environment and Permitting to Vice President, Project Development are not disclosed.

• Exact Capstone employment start and end dates and any intervening employment chronology are not established.

• Current P.Eng./P.Geo. standing and education records were not independently verified; LinkedIn credential data is self-reported.

• No personal involvement in the 2021 contractor fatality, investigation or 2022 off-site security fatality was established.

• No exhaustive criminal, civil, sanctions, environmental-enforcement or professional-discipline check was completed.