Tuesday, December 11, 2018Canada's Leading Online Business Magazine

Kodiak Exploration Limited

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Committed to Community

In December, Kodiak was ranked as number six on the list of top-performing BC-based mining companies. It’s no wonder they’ve received the accolades they have, for a team that has had so much success since their inception.
Kodiak Exploration Limited is publicly traded on the TSX Venture Exchange under the symbol KXL. The company has diversified properties in Canada, with exposure to gold, base metals, and uranium. Kodiak intends to build shareholder wealth by evaluating and acquiring undervalued exploration prospects and conducting aggressive and systematic exploration resulting in discovery.

The Kodiak team is led by industry experts in geology, engineering, and finance.
William Chornobay, President and Director of Kodiak, is a businessman and Kodiak’s founder. Chornobay has over 20 years of experience in minerals, finance and managing exploration programs worldwide. Chornobay says that although the economy is unsteady “the fundamentals for the spaces that we’re in are good”, adding that the recession will “ultimately shake out a lot of the weak companies. Everything got weak but there is opportunity for those that buck the trend and look for new opportunities”.

Chornobay is positive about the upcoming year, not just for the industry, which has seen a lot of ups and downs, but for Kodiak. He says that Kodiak has an advantage, because they have the ability to attract leadership that has world-class experience and the “ingredients to grow the company organically”.

Brian Maher, M.Sc., Vice President of Exploration echoes Chornobay’s confidence. Both gentlemen attended the recent Vancouver Resource Investment Conference, presenting their story during the two-day show on January 25th-26th. The turnout to the conference, they observed, was phenomenal considering the current economic conditions of the commodities market. “This certainly is a contrast to what the market was two months ago” Maher said. As an economic geologist with over 27 years of experience in the international mining and exploration industry, Maher certainly knows the industry, and the potential for Kodiak.

Keeping shareholders in the know
Kodiak is known for its commitment to transparency, both within the community it operates, and with its shareholders. Chornobay and Maher say that being communicative is imperative when the future is uncertain.

“Communication is critical” Chornobay says. “I think we shine brightly in that department. We update the public all the time. We expect that our technical team records everything they’re doing so that our shareholders can see – because they’re our fans and they deserve to know. We are transparent, and we believe in what we’re doing. Without the fans we wouldn’t be there. It’s their money and belief in the company that’s allowed us to execute the vision of the company. Without them, we’re gone.”

Maher adds: “People want to be reassured that there’s that chance for progress in Kodiak. We personally answer several emails and phone calls a day from our shareholders, and that develops a rapport. You can tell on the phone with an investor – they’re listening to your voice, to see if you’re being genuine.”

Sustaining relationships, sustaining the community
Kodiak knows that their shareholders aren’t the only eyes watching. Kodiak is deeply involved in their local community, working to ensure communication and cooperation are intact.

Chornobay says “Kodiak has worked to blaze the trail on all fronts. We’ve got good relationships with First Nations people, the government. We don’t just think about it, we do it. We take action. we work hard; we employ people from local communities. We educate and train people. We build ice arenas, and cut firewood for the elderly. These are little things that add up to an image.”

Maher adds that community work has been a given. “It’s been a straightforward process. We’re in a part of Ontario that’s suffered a great deal of unemployment, and we’re in their neighbourhood, 30 days a month. We’re seeing the problems and the issues facing the community, so it doesn’t take much to roll your sleeves up. We always ask ourselves: ‘What would you do if this is where you live?’ Sometimes, it’s just simple things that make the difference.”

Chornobay claims that many companies don’t see the value behind communicating their stories – but telling the story is paramount for the Kodiak team.

What’s ahead for Kodiak
How will Kodiak get through the rough times? By coming up with new ideas to keep the ball rolling, Chornobay says. “We’re being innovative, sitting at tables with people that have ideas I haven’t thought of. When you’re in a good position in the industry, you don’t have to have knee jerk reactions, and that way we can see the opportunity for our shareholders. We’ll lever the tough times, and I think the future’s extremely bright. I’m personally proud of the company and the people.”

Maher agrees, saying “most of our success will just be good corporate planning”.

With multiple gold projects on the Horizon, Kodiak may have their best year yet. The company has solidified a budget that will work for the long term, making sure to avoid the dormancy that many of their peers face with the economic slowdown. Kodiak is focusing on world-class assets that are located in geo-politically perfect environments, so the company can expect equally world-class success.

As Chornobay puts it, the company doesn’t plan to sit back and enjoy the momentum anytime soon: “We’re always looking for opportunity. If we ever rested on our laurels, then we would not be true to who we are.”

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