Experience

Medallion

• Canada
• Mining
• 1 - 100 Employee

• Chief Financial Officer

  • Jun 2022 - Present

  Leading uplist to Nasdaq and part of expanding leadership team focused on commercializing Medallion's process technologies supporting the clean energy transition. Leading uplist to Nasdaq and part of expanding leadership team focused on commercializing Medallion's process technologies supporting the clean energy transition.



Proteus Capital Corp

• United States
• Financial Services

• President

  • 1998 - Present

  Proteus Capital is a corporate finance advisory business focused on the global mining industry. Douglas Newby has undertaken a wide range of assignments including targeted advisory work to long-term engagements: EVP, COO and CFO of USA Rare Earth; CFO of PolyMet Mining; Chairman, President and CEO of Western Goldfields, which formed the core of New Gold. Mr. Newby is a finance and corporate management executive with 35 years of experience building, leading and advising domestic U.S. and international corporations through capital market transactions, restructurings and expansion. He has strong analytical and communication skills presenting corporate and project vision to existing and prospective new stakeholders including shareholders, banks, government and community agencies, as well as internal board, executive management, and staff. He has extensive US and Canadian securities regulatory experience and led implementation of SOX and conversion to IFRS for a NYSE/TSX-listed corporation. Key advisory roles: Long-term advisory role with PolyMet Mining before and after 12-year term as CFO. Long-term advisory role with Western Silver: assisted in arranging initial equity financing; and provided continuing strategic advice. After acquisitions by Glamis, Goldcorp and Newmont Mining, Penasquito is one of Newmont's cornerstone assets. Management of acquisition program for a software company transitioning into web-based professional services. Strategic and Financial Advisory Services for an integrated power company including conceptual planning, financial structuring and modelling, and detailed business planning. Commercial and financial planning for a US medical device company including technical, corporate and market due diligence; introduction to strategic corporate and other investors. Show less



USA Rare Earth, LLC

• United States
• Mining
• 1 - 100 Employee

• Executive Vice President and Chief Operating Officer

  • Feb 2021 - Aug 2021

  Tied to successfully completing a $51 million equity financing, Mr. Newby's role at USA Rare Earth expanded with his appointment as Executive Vice President and Chief Operating Officer.The company exercised its rights to become the 80% owner and operator of the Round Top critical minerals project in West Texas, and successfully obtained important regulatory approval and completed baseline environmental studies. Mr. Newby was also focused on establishing partnering relationships with prospective customers and complimentary suppliers of raw materials to support the company's acquisition of the rare earth magnet manufacturing platform previously operated by Hitachi Metals in North Carolina.Mr. Newby served as a member of the three-person operating committee responsible for all aspects of the Round Top project development including feasibility, permitting, and pilot plant operation in Wheat Ridge, Colorado. Show less

• Chief Financial Officer

  • Oct 2019 - Jul 2021

  Leadership role at USA Rare Earth. During Mr. Newby's tenure as CFO the Company was the operating and funding partner developing the Round Top critical minerals project in West Texas. The company also acquired the rare earth magnet manufacturing platform previously operated by Hitachi Metals in North Carolina.



PolyMet Mining Corp.

• St. Paul, Minnesota

• Chief Financial Officer

  • Nov 2005 - Jun 2017

  Mr. Newby was appointed full-time CFO after a transition period as advisor to PolyMet, a Canadian company developing a large copper-nickel mine in northeastern Minnesota. He had a leadership role in all aspects of the Company and project development including establishing a strategic partnership with Glencore plc, and raising approximately $240 million in equity and $80 million in convertible and non-convertible debt. Mr. Newby was a key, long-term member of a team that managed one of the most complex, thorough and hotly-contested environmental review processes, which was successfully completed in 2016. In 2017, PolyMet received approval for a very large land exchange with the federal government and submitted extremely comprehensive permit applications for construction and operation of the mine. The permit to mine was issued in 2018. Other milestones included NYSE American and Toronto Stock Exchange listings, managing SOX Compliance and conversion to IFRS at minimal cost. Show less



Western Goldfields

• Reno, Nevada Area

• Chairman, President & CEO

  • 2003 - 2006

  Mr. Newby was initially retained through Proteus Capital to advise on, structure, and arrange finance for the acquisition of the Mesquite gold mine in southern CA from Newmont Mining. He was appointed by the financing group as Executive Vice President and Director, then elevated to Chairman, President and CEO. Western Goldfields / Mesquite formed the core of NewGold. Mr. Newby led the evaluation, negotiation, financing, and completion of acquisition of Mesquite. He held a leadership role in establishing team to manage the operations, including a transition team. He created acquisition finance structure comprising innovative environmental insurance, non-recourse debt finance, and equity and then negotiated terms for additional financing and new management team. Show less



Moyes Newby & Co.

• Dallas/Fort Worth Area

• Managing Partner

  • 1991 - 1998

  Moyes Newby provided corporate advisory services to the oil and gas and mining industries including senior project and corporate management; corporate financing; mergers and acquisitions; assets sales. US and international clients ranged from start-ups to Fortune 100 companies. Moyes Newby provided corporate advisory services to the oil and gas and mining industries including senior project and corporate management; corporate financing; mergers and acquisitions; assets sales. US and international clients ranged from start-ups to Fortune 100 companies.



SG Warburg & Co.

• Greater New York City Area

• Vice President

  • 1989 - 1991

  Senior member of global mining investment banking team, coordinating with domestic and global equity sales, trading, research, and corporate finance teams. Secured two new Fortune 500 corporate accounts directly resulting in over $1 billion in financing transactions for the firm. SG Warburg was subsequently acquired by UBS. Senior member of global mining investment banking team, coordinating with domestic and global equity sales, trading, research, and corporate finance teams. Secured two new Fortune 500 corporate accounts directly resulting in over $1 billion in financing transactions for the firm. SG Warburg was subsequently acquired by UBS.



Morgan Grenfell Securities

• London, United Kingdom

• Director

  • 1985 - 1989

  Established and ran world-wide mining equity research, sales, and equity trading team working closely with top-ranked corporate finance team. Moved to New York to assist the integration of a Wall Street firm acquired by Morgan Grenfell and build US mining practice. Morgan Grenfell was subsequently acquired by Deutsche Bank. Established and ran world-wide mining equity research, sales, and equity trading team working closely with top-ranked corporate finance team. Moved to New York to assist the integration of a Wall Street firm acquired by Morgan Grenfell and build US mining practice. Morgan Grenfell was subsequently acquired by Deutsche Bank.



James Capel & Co.

• London, United Kingdom

• Research Analyst

  • 1981 - 1985

  Originally hired to develop financial evaluation model of gold mining industry, subsequently promoted to lead top-ranked international metals and mining research team based in Europe, North America, Australia, and Africa. Established research coverage of North American mining industry. Repeatedly ranked top gold mining, and North American mining analyst by Institutional Investor. Originally hired to develop financial evaluation model of gold mining industry, subsequently promoted to lead top-ranked international metals and mining research team based in Europe, North America, Australia, and Africa. Established research coverage of North American mining industry. Repeatedly ranked top gold mining, and North American mining analyst by Institutional Investor.