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use rights and the resolution of claim conflicts. From 2000 to 2010, he served as an Adjunct Professor of Law at the
University of Denver School of Law, where he taught courses on mineral law and policy. Mr. Schlauch has been
active in natural resource industry professional organizations and is the past President of the Rocky Mountain
Mineral Law Foundation, as well as the past President of the International Mining Professionals Society.
Mr. Schlauch graduated cum laude with an A.B. in chemistry from Colgate University in 1963 and completed a law
degree in 1966 at the University of Virginia. He also holds an appointment as an Honorary Lecturer and Course
Director on the Faculty of the Centre for Energy, Petroleum and Minerals Law and Policy at the University of
Dundee, Scotland.
Mr. Schlauch has specialized knowledge on mining law in the United States and mineral law and policy
generally. Mr. Schlauch’s experience in the legal community with a practice focused on counseling mining
companies regarding a wide array of mineral law issues brings unique knowledge to the Company’s Board that is
valuable to the Board’s oversight of its current Bear Lodge Property and execution of its business plan.
Lowell A. Shonk
has more than 37 years of experience in the copper, molybdenum, gold, coal, iron ore,
industrial minerals and lithium extractive and processing industries, holding positions as a financial executive at
operational, divisional and corporate levels. Mr. Shonk currently serves as the Vice Chairman of Cupric Canyon
Capital LP/LLC (“Cupric”), a private equity company in partnership with Global Natural Resource Investments
(formerly a unit of Barclays Bank PLC) focused on investing in early-stage copper projects worldwide, after having
served as its Chief Executive Officer from February 2012 to March 2013 and its Chief Financial Officer from
January 2010 to February 2012. He also serves as a director of each of Hana Mining Co. Ltd., an entity that Cupric
acquired in 2013, and its wholly owned Botswana affiliate, Khoemacau Copper Mining, which holds its feasibility-
stage copper-silver project in Botswana. Mr. Shonk is also the Chairman of Eiseb Exploration and Mining, Ltd., a
privately owned company 78% owned by Cupric, conducting copper and silver exploration in Namibia. Prior to his
current positions, Mr. Shonk served as Vice President of Financial and Operational Analysis at Phelps Dodge
Corporation and Freeport-McMoRan Copper & Gold Inc. from 1999 through 2009. Mr. Shonk has also served as
Controller and/or Chief Financial Officer at various divisions of Cyprus Amax and its predecessor mining
companies since he began his career in 1979. Mr. Shonk is currently the chairman of the audit committee of the
Society of Mining, Metallurgy and Exploration. He also served on the board of directors and as chairman of the
audit committee of Apache Nitrogen Products Inc. for eight years, from 2001 to 2009. He obtained his
undergraduate degree in Economics from Indiana University, a master’s degree in Mineral Economics from
Colorado School of Mines and an MBA from the University of Colorado – Denver with an emphasis in Finance and
Accounting.
Mr. Shonk has extensive high-level executive mining experience, specifically in the financial, strategic and
valuation areas. His specialized financial background brings to the Board experience with financial and accounting
statements, audit oversight and controls. He further brings to the Board a background in mining mergers and
acquisitions and business combinations.