Newpath Resources Management

Management criteria checks 2/4

Newpath Resources' CEO is Alex McAuley, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is CA$222.64K, comprised of 77.5% salary and 22.5% bonuses, including company stock and options. directly owns 11.01% of the company’s shares, worth CA$120.31K. The average tenure of the management team and the board of directors is 2.3 years and 2.6 years respectively.

Key information

Alex McAuley

Chief executive officer

CA$222.6k

Total compensation

CEO salary percentage	77.5%
CEO tenure	2.3yrs
CEO ownership	11.0%
Management average tenure	2.3yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Alex McAuley's remuneration changed compared to Newpath Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	-CA$2m
Oct 31 2023	n/a	n/a	-CA$2m
Jul 31 2023	n/a	n/a	-CA$2m
Apr 30 2023	CA$223k	CA$173k	-CA$2m
Jan 31 2023	n/a	n/a	-CA$10m
Oct 31 2022	n/a	n/a	-CA$10m
Jul 31 2022	n/a	n/a	-CA$11m
Apr 30 2022	CA$18k	CA$18k	-CA$11m
Jan 31 2022	n/a	n/a	-CA$3m
Oct 31 2021	n/a	n/a	-CA$3m
Jul 31 2021	n/a	n/a	-CA$3m
Apr 30 2021	CA$74k	CA$74k	-CA$2m

Compensation vs Market: Alex's total compensation ($USD162.86K) is about average for companies of similar size in the Canadian market ($USD175.55K).

Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.

CEO

Alex McAuley (39 yo)

2.3yrs

Tenure

CA$222,644

Compensation

Mr. Alexander McAuley, also known as Alex, BBA, CPA, CA, serves as Chief Financial Officer and Corporate Secretary at Pacific Arc Resources Ltd. since August 23, 2021. He serves as CFO and Corporate Secret...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Alexander McAuley	CEO, Corporate Secretary & Director	2.3yrs	CA$222.64k	11.01% CA$ 120.3k
Phillip Ellard	Chief Financial Officer	2.3yrs	CA$18.72k	no data
Douglas Turnbull	Chief Operating Officer	1.3yrs	CA$76.38k	no data

2.3yrs

Average Tenure

Experienced Management: PATH's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alexander McAuley	CEO, Corporate Secretary & Director	2.3yrs	CA$222.64k	11.01% CA$ 120.3k
Darren Collins	Independent Director	2.9yrs	CA$36.00k	2.55% CA$ 27.9k
Gerhard Merkel	Independent Director	2.6yrs	CA$18.00k	0.86% CA$ 9.4k

2.6yrs

Average Tenure

Experienced Board: PATH's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Newpath Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Newpath Resources Inc., Annual General Meeting, Jan 26, 2024

Newpath Resources Inc. Announces Chris Reynolds Resigns from its Board of Directors

High number of new and inexperienced directors

Newpath Resources Inc., Annual General Meeting, Mar 17, 2023

High number of new and inexperienced directors

Ready Set Gold Corp. Announces Resignation of Christopher Huggins as Director

Recent updates

Newpath Resources Inc. announced that it expects to receive CAD 0.12075 million in funding

Newpath Resources Inc. Provides an Update on Its Lithium Exploration Program on the Alpha/Bravo Project in Northern Ontario

Newpath Resources Inc., Annual General Meeting, Jan 26, 2024

Newpath Resources Inc. announced that it expects to receive CAD 0.3 million in funding

New major risk - Negative shareholders equity

Newpath Resources Inc. Announces Chris Reynolds Resigns from its Board of Directors

New minor risk - Insider selling

High number of new and inexperienced directors

Newpath Resources Inc., Annual General Meeting, Mar 17, 2023

Ready Set Gold Corp. announced that it has received CAD 0.75 million in funding from 1249489 B.C. Ltd

High number of new and inexperienced directors

Ready Set Gold Corp. announced that it expects to receive CAD 0.75 million in funding

Ready Set Gold Corp. Completes an Updated Mineral Resource Estimate for Its 100% Owned Northshore Gold Project Located in the Schreiber-Hemlo Greenstone Belt

Ready Set Gold Corp. Announces Resignation of Christopher Huggins as Director

Ready Set Gold Corp. Appoints Christopher Reynolds as Director

Less than half of directors are independent

Less than half of directors are independent

Ready Set Gold Corp. Appoints Mark Smethurst as Strategic Advisory Committee

Ready Set Gold Corp. Announces the Resignation of Mark Smethurst from the Board of Directors and Appoints Mark Smethurst to the Strategic Advisory Committee

Ready Set Gold Corp. Announces Management Changes

High number of new and inexperienced directors

Less than half of directors are independent

Ready Set Gold Corp. announced that it expects to receive CAD 2.5 million in funding from Concept Capital Management Ltd, and other investors

CBLT Sends Requisition Letter to Ready Set Gold Corp Regarding Shareholder Meeting

Ready Set Gold Provides Summary of Phase 1 Drill Program

Ready Set Gold Corp. Provides Update on the Company's Portfolio of Properties with Regards to Its Hemlo Eastern Flanks Gold Project

Ready Set Gold Corp Appoints Brad Lazich, P. Geo. as Vice President of Exploration

Ready Set Gold Provides Update on Phase 1 Drilling Northshore Gold Project

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure