TRUE NORTH MININGThomas Wilson
Chief Executive Officer
Leads the company and carries final responsibility for the operation — the fleet, the ground it works, and the seasons it commits to.
About
A working operation, not a prospect.
True North Mining LLC is a Minnesota limited liability company, registered to do business in Alaska. It operates an offshore placer gold recovery fleet on the seafloor of Norton Sound, off Nome.
The company holds the Nikola through Nikola Holdings, LLC and the Stryker through Stryker Marine, LLC. Both are mining vessels, and both are crewed by people who have run Arctic water before — which, in a place where the season is six months and the weather makes the decisions, is not a detail.
Nome is one of the very few gold districts in the world where the richest remaining ground is underwater. That is the whole reason the company exists, and it is the thing that makes the operation difficult enough to be worth doing.
Nome, Alaska
Two hulls,one season,no second chances
Leadership
Who runs it.
A small company where the people named below are the people who make the decisions. There is no layer between them and the water.
David J.S. Madgett
Chairman of the Board
Chairs the board and leads the company’s corporate, regulatory and transactional work.
Ethan Runyon
Chief of Strategic Deployment
Responsible for how and where the fleet and the recovery plant are deployed across the operating window.
Andrew Ratelle
General Counsel
Legal affairs, contracts and regulatory compliance.
Ryan Mullan
Captain, M/V Stryker
Master of the M/V Stryker — the vessel, her crew and her watch while she is working the ground.