Stephen Dattels is a seasoned senior mining executive and resource financier who has founded and/or financed numerous mining ventures in several continents in diverse commodities including gold, lithium, uranium, copper, nickel, iron ore, coal and potash with Circum. He is also an active investor in oil and gas exploration in Africa and was one of the founders of two successful private African oil and gas exploration companies, Signet Petroleum Ltd. and Regalis Petroleum Ltd. Mr. Dattels is currently Joint Chairman of Fast Forward Innovations Limited, a director of LSC Lithium Inc. and the Co-Founder of Circum Minerals Ltd.
Mr. Dattels was a senior executive and director of Barrick Gold Corporation during its formative years, when it grew from a capital base of US$10 million to a market capitalization of US$2 billion when he left in early 1987. Since leaving Barrick, notable companies he founded include International Pursuit Corporation, which was active in mineral exploration in Southeast Asia; International Gold Resources Corporation, which developed and sold the Bibiani mine in Ghana; Caledon Resources PLC, which owned and sold the Cook coking coal mine in Australia; Oriel Resources PLC, which developed and sold a nickel and chrome mine in Kazakhstan to Mechel Steel Group for US$1.5 billion; UraMin Inc., an explorer and developer of uranium assets in Africa which was sold to Areva for US$2.5 billion; Polo Resources Limited, a natural resources investment company which has invested in uranium, coal and gold assets in Africa, Australia and Asia; West African Minerals Corporation, an African iron ore development company; and Regent Pacific Group Limited, a natural resources investment company.
Mr. Dattels has also provided directly or indirectly early stage funding for numerous resource companies through various investment vehicles, the most notable of which was Kalahari Minerals PLC which controlled Extract Resources Ltd., which developed the Rossing South uranium deposit in Namibia and subsequently sold the asset to two Chinese Government controlled entities for US$2.2 billion. One of such investment vehicles, Polo Resources Limited also owned 10% of Extract Resources Ltd. during its development stage.
Mr. Dattels is currently active as Chairman of Regent Mercantile Holdings Limited, a private investment company. Mr. Dattels has a Bachelor of Arts degree from McGill University, a law degree (cum laude) from the University of Western Ontario and has completed the program for Management Development at Harvard.