Brent Omland
About Brent Omland
Brent Omland (44) is an independent Class I director of DynaResource, Inc., serving since February 2024. He is a Canadian CPA and University of British Columbia graduate with ~20 years in mining and metals trading; prior roles include finance at Teck Resources and senior finance roles at Ivernia/Enirgi Metals in Australia. He is currently Co‑CEO and CFO of Ocean Partners UK Limited, and serves on the boards of Dore Copper Mining Corp, Galantas Gold Corporation, and Nicola Mining Inc. (TSX‑V) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Teck Resources | Finance roles | Not disclosed | Finance expertise relevant to Audit/Comp committees |
| Ivernia/Enirgi Metals (Australia) | Senior finance roles | Not disclosed | Metals/mining operations and finance experience |
External Roles
| Organization | Role | Tenure | Listing / Notes |
|---|---|---|---|
| Ocean Partners UK Limited | Co‑CEO & CFO | Current (not dated) | Metals trading; executive role |
| Dore Copper Mining Corp | Director | Current (not dated) | TSX‑V public company |
| Galantas Gold Corporation | Director | Current (not dated) | TSX‑V public company |
| Nicola Mining Inc. | Director | Current (not dated) | TSX‑V public company |
Board Governance
- Independence: The Board determined Mr. Omland is independent under Nasdaq rules .
- Committee assignments (2025):
- Audit Committee: Member; committee composed entirely of independent directors; chair is Philip Rose (Audit Committee Financial Expert) .
- Compensation Committee: Member; composed entirely of independent directors; chair is Dale Petrini .
- Nominating & Governance Committee: Member; three independent directors plus one non‑independent (CEO); chair transitioned from Philip Rose to Maria Virginia Anzola on January 6, 2025 .
- SEHS and Technical Committees: Not a member .
- Executive sessions: Non‑management directors meet in executive session at each board meeting .
- Attendance: In 2024, the Board held 10 meetings; Audit (4), Compensation (10), Nominating (1). Each incumbent director attended at least 75% of Board and Committee meetings .
| Committee | Role | Chair | Independence (Committee) | Notes |
|---|---|---|---|---|
| Audit | Member | Philip Rose | All independent | Signed Audit Committee Report (FY2024) with Rose and Petrini |
| Compensation | Member | Dale Petrini | All independent | Oversees exec pay; charter on company website |
| Nominating & Governance | Member | Maria Virginia Anzola (since 1/6/2025; Rose prior) | 3 independent + CEO | Candidate vetting; considers conflicts |
| SEHS | Not a member | Quinton Hennigh | All independent | Sustainability oversight |
| Technical | Not a member | Rohan Hazelton | Mixed | Operations/technical oversight |
Fixed Compensation
- 2024 actuals: The director compensation table shows no cash, stock, option, or other compensation reported for Mr. Omland in 2024 (row blank), while other directors received accrued cash and/or option awards .
| Fiscal Year | Fees Earned (Cash) | Stock Awards ($) | Option Awards ($) | All Other Comp ($) | Total ($) |
|---|---|---|---|---|---|
| 2024 | — | — | — | — | — |
- 2025 director pay structure (approved April 2025): $25,000 annual cash retainer; $4,000 per‑committee annual cash fee; $2,000 annual chair fee per committee; and equity awards valued at $50,000, subject to vesting .
| Component (2025) | Amount |
|---|---|
| Annual cash retainer | $25,000 |
| Committee member fee (per committee) | $4,000 |
| Committee chair fee (per committee) | $2,000 |
| Annual equity award (grant‑date value) | $50,000 (vesting required) |
- Historical note: In 2023, on consultant recommendation, non‑employee directors’ cash compensation was set at $100,000 per year for service on the Board and all committees .
Performance Compensation
- Equity awards: The April 2025 policy includes $50,000 in annual equity awards for non‑employee directors, subject to vesting (award type/vesting terms not itemized in proxy) .
- 2024 grants: No stock or option awards are reported for Mr. Omland in 2024 (unlike an option award to Dr. Hennigh) .
| Metric | Policy/Disclosed Detail |
|---|---|
| Director equity vehicle(s) | Equity awards valued at $50,000; vesting required (award form and vesting cadence not specified for directors) |
| Performance metrics tied to director pay | None disclosed for directors |
Other Directorships & Interlocks
| Company | Role | Committees/Roles | Potential Interlocks |
|---|---|---|---|
| Dore Copper Mining Corp (TSX‑V) | Director | Not disclosed | None disclosed with DYNR |
| Galantas Gold Corporation (TSX‑V) | Director | Not disclosed | None disclosed with DYNR |
| Nicola Mining Inc. (TSX‑V) | Director | Not disclosed | None disclosed with DYNR |
The proxy states the current directors and nominees’ other public company roles as disclosed; no specific interlocks with DYNR competitors/suppliers/customers are identified in the proxy .
Expertise & Qualifications
- Financial and mining expertise: 20 years across production, financing, and trading in mining/metals; finance roles at Teck Resources and senior finance roles at Ivernia/Enirgi Metals .
- Professional credentials: Canadian CPA; University of British Columbia graduate .
- Board‑relevant skills: Finance, capital markets and trading experience support Audit and Compensation Committee service .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | As‑of |
|---|---|---|---|
| Brent Omland | 0 (shown as “—”) | <1% (shown as “*”) | April 20, 2025 |
| Shares outstanding (context) | 29,315,726 | — | April 20, 2025 |
No pledging/hedging by Mr. Omland is disclosed. Company states it has not adopted any hedging policy for directors or employees .
Governance Assessment
-
Strengths
- Independent director with finance and mining domain expertise; serves on Audit and Compensation, both fully independent committees .
- Audit engagement: Signed Audit Committee Reports (FY2023 and FY2024), indicating active oversight of financial reporting and auditor independence .
- Attendance: Met the “≥75%” threshold for incumbent directors in 2024 across Board/committees, consistent with engagement norms .
- 2025 director pay mix shifts toward equity ($50k equity vs lower cash retainer), improving alignment with shareholders versus the 2023 $100k cash structure .
-
Watch items / potential red flags
- No hedging policy: Company has not adopted hedging restrictions for directors/employees—contrary to common governance best practices for alignment .
- Related‑party oversight framework: The Board approves related‑party transactions case‑by‑case but has not adopted specific written procedures; the Company also discloses $312,500 in “management fees” paid/accrued to directors in 2024, which may warrant scrutiny of scope and independence safeguards .
- External executive role: Mr. Omland is Co‑CEO & CFO of Ocean Partners UK Limited, a metals trading firm; while no transactions are disclosed with DYNR, the business overlap suggests the need for robust recusals and COI monitoring if commercial opportunities arise .
- Ownership alignment: Beneficial ownership shows no DYNR shares reported for Mr. Omland as of April 20, 2025; given the 2025 equity award policy, monitor future equity accumulation versus any director ownership guidelines (none disclosed) .
-
Overall
- Mr. Omland brings relevant financial/mining expertise and occupies key oversight roles on independent committees. The introduction of equity‑based director compensation in 2025 is a positive alignment signal. However, the absence of a hedging policy and formalized related‑party transaction procedures—coupled with disclosed director “management fees”—are governance risk factors to monitor closely for independence and shareholder‑friendly practices .