Paul Carmel
Paul Carmel

President and CEO

Mr. Carmel has 30 years of experience in the mining industry and capital markets.

Over the course of his career, Mr. Carmel has held senior management and board positions at mining companies, investment banks and private equity firms focused on the mining industry.

Positions held prior to 2020 include: Chairman of the Board of Orbit Garant Drilling Inc., Chairman of the Board of Mason Graphite Inc, Inc; President, CEO and Director of Richmont Mines, Managing Director and Head of Mining at Desjardins Capital Markets and President and CEO of MinQuest Capital, a mining private equity fund.

Mr. Carmel holds a Bachelor of Engineering, Mining degree from McGill University, and also an ICD.D certification granted by the Institute of Corporate Directors.

Isabelle Cadieux

Managing Director – Investment

Isabelle Cadieux holds a B.Sc. in Geology from the University of Ottawa and a Master’s degree in Mineral Exploration (MINEX) from McGill University. She has more than 30 years of experience in mineral exploration and financing in the mining sector. Her experience, across Canada and abroad, includes positions with AGIP (1980-1983 in Saskatchewan), AREVA (1988-1992 in Québec, Ontario, and the Northwest Territories), and Channel Resources (1996-1999 in Burkina Faso) and covers a wide range of ore deposit types and mineral commodities, in particular gold, copper, and uranium. From 1992 to 1995, she worked as a consultant, namely for Virginia Mines, providing investor relations and corporate development services. She joined SIDEX in 2001, in its early stages.

Mrs. Cadieux sits presently on the board of Québec Bourse and is co-organizer of the Mining Lunches of Montreal. She served as President of the Ordre des géologues du Québec (OGQ) in 2008, sat on the Board of Directors from 2005 to 2010 and was Director of the Canadian Council of Professional Geoscientists from 2007 to 2011 where she represented OGQ. From 2011 to 2016, she was a member of the Executive Committee of the UQAT-UQAM Chair in Mining Entrepreneurship. Throughout her career, she has been involved in various sector-related organizations among which the Canadian Institute of Mines and Metallurgy (CIM), the Québec Mineral Exploration Association (AEMQ), Minalliance and Mine d’Avenir.

André Laferrière

Investment Advisor

André Laferrière is a professional geologist with over 20 years of experience in the mining sector. He is a qualified person as defined by National Instrument 43-101 and holds a B.Sc. and an M.Sc. in geology from the Université de Montréal, with a specialization in volcanology and remote sensing.

Mr. Laferrière’s diverse expertise covers mining project evaluation, mineral resource estimation, mineral exploration and development project management, and securities regulation.

Before joining the SIDEX team in 2020, Mr. Laferrière worked for 6 years as an expert analyst in the securities division of the Autorité des marchés financiers (AMF), where he was responsible for the compliance of technical information presented in the financing and continuous disclosure files of Québec issuers.

Previously, Mr. Laferrière held the position of Vice-President, Mines and Geology for Argex Titanium and was employed by SGS Canada Inc. – Geostat, where he completed several mandates as an independent qualified person in mineral resource estimation for various commodities, including precious metals and strategic metals (lithium and rare earths). He began his career in 1997 with Falconbridge Ltd, where he was responsible for several mineral exploration programs in Québec and Labrador in the Churchill (Ungava), Superior and Grenville geological provinces.

Board of Directors


Frank Mariage
Frank Mariage – Chairman of the Board of Directors


Frank Mariage is a partner at Fasken Martineau DuMoulin s.e.n.c.r.l. and has been a member of the Barreau du Québec since 2001. He practices in the areas of securities and corporate law, specializing in the mining sector where he advises many exploration and mining companies in all types of transactions.

He is recognized in Canada as a leader in mining law and in the practice of natural resource law by such organizations as The Best Lawyers in Canada, Who’s Who Legal Canada, Chambers Canada and LExpert in various capacities since 2011. He has also worked on international projects.

Frank Mariage is very active in Québec where he presided over the Association de l’exploration minière du Québec (AEMQ) from 2014 to 2018. He sits on a number of boards for mining companies, has been a member of the advisory board for the TSX Venture Exchange since 2013, and is frequently invited to speak at conferences.

Frank Mariage earned a Bachelor of Law (1999) and a B.Sc. in Political Science (1996) from the Université de Montréal.

Luc Castonguay – Director

Senior Director of Economic Development
Ministère des finances du Québec

Luc Castonguay holds a bachelor’s degree in economics as well as a master’s degree in economics from Université Laval.

Since 2019, he has held the position of Senior Director of Economic Development within the Ministère des Finances du Québec (MFQ). In this capacity, he analyzes economic projects and takes part in the development of the Québec government’s various economic strategies.

As part of his duties, he is responsible, among other things, for monitoring files relating to the mining sector for the MFQ. As such, he administers the Fonds du Plan Nord, most of which revenues come from the tax spinoffs of mining projects in the territory covered by the Plan Nord, and he contributes to the development of economic projects related to the mining sector.

Since 2006, he has held various positions at the Ministère des Finances. In particular, he has participated in the development of policies in connection with natural resources, including the Québec gas royalty system and fuel taxation.

Serge Côtes – Director

Investment Manager – Mining Sector
Fonds de solidarité FTQ

Serge Côtes, as an investment director, is responsible of the mining sector within the Fonds de solidarité FTQ since March 2018. From 2000 to 2004, he worked at the Fonds régionaux de solidarité FTQ, where he participated in the development and implementation of an investment strategy aimed specifically at public companies in the mining sector.

From 2004 to 2008, he was Investment Advisor at National Bank Financial and, afterwards, he had the opportunity to further his knowledge of mining taxation at Deloitte, from 2008 to 2011. From 2011 to 2013, he held the position of Chief Financial Officer at Ressources Pershimco inc., a mining exploration company with advanced exploration projects in Canada, Mexico and Panama. In 2013, he returned to the Fonds régionaux.

Very active in the last 15 years with mining companies, he had the opportunity to get involved in significant financing transactions and therefore deepen his understanding of the mining sector and capital markets.

Mr. Côtes holds a Bachelor of Business Administration (B.B.A) from Université Laval and is a member of the Ordre des comptables professionnels agréés du Québec (Québec Chartered Professional Accountants Order).

Jean-Pierre Janson – Director

Managing Director – National Wealth Management
Richardson GMP Limited

Jean-Pierre Janson joined Richardson GMP in January 2005 as Managing Director, National Wealth Management. As such, he oversees the development of branches nationwide, and seeks new opportunities to bring some of the industry’s Top Investment Advisors to the firm. In addition, Mr. Janson also serves on the Richardson GMP’s executive committee and in that capacity works closely with the Executive Management Team on the firm’s strategic direction.

Mr. Janson was previously Managing Director of CIBC Wood Gundy Financial Services (Eastern Canada Region) and held senior management positions with both Merrill Lynch Canada Inc. and Midland Walwyn Inc. Having built a reputation of trust and respect during more than 30 years in the financial services industry, Mr. Janson continues to demonstrate his involvement through Richardson GMP Limited. He also serves as trustee of BTB Real Estate Investment Trust and as member on the boards of Midland Exploration Limited and Tri-Origin Exploration Limited.

Michel Jébrak – Director

Professor Emeritus
Université du Québec à Montréal (UQAM)

Michel Jébrak holds two doctoral degrees from Université d’Orléans (France). Since 1987, he has been a professor in the Earth and Atmospheric Sciences Department of Université du Québec à Montréal (UQAM)  where he served as Dean of Sciences and Vice-Rector of Research & Creation. He is also an Associate Professor at Université du Québec en Abitibi-Témiscamingue (UQAT) and a Visiting Professor in France at École des Mines de Nancy and Université de Guyane.

He has held several research and management positions in mineral exploration companies in Europe, Africa and North America. He is a consultant in the fields of mineral exploration and social geology.

Michel Jébrak received the Bancroft Award from the Royal Society of Canada and several  other awards from organizations in Europe and Québec. He co-founded CONSOREM, a mineral exploration research consortium, and DIVEX, an inter-university network for the diversification of mineral exploration in Québec. He also chairs the Science Council for Ouranos, a consortium on regional climatology and adaptation to climate change.

Marlène Otis – Director

Senior Consultant

Marlène Otis holds a Master’s degree in Earth Science (M.Sc.A.) from Université du Québec à Chicoutimi and an MBA from HEC Montréal. She has over 20 years of experience in SME (small and medium-sized enterprise) commercial lending including 15 years as a senior executive, namely serving as Vice-President of the Commercial Banking Division of the Laurentian Bank.

Since 2007, she has worked mainly abroad, as a senior consultant for African bank executives in credit risk management and financial product development, and in capacity-building in management for chambers of commerce and other SME associations in Africa and in Haiti. These short-term projects are supported by the World Bank and international development agencies and are mostly based in West Africa.

At the beginning of her professional career and for about a decade, Mrs. Otis was an exploration geologist, working mainly in the James Bay region.

Patrice Roy – Director

Expert advisor in mining policies
Ministère de l’Énergie et des Ressources naturelles du Québec

Patrice Roy is an expert advisor in mining policies at the Ministère de l’Énergie et des Ressources naturelles du Québec (MERN). In this capacity, he advises ministerial authorities in planning government strategies for the development of the mining sector. In particular, he was senior editor of the Québec Plan for the Development of Critical and Strategic Minerals, launched in fall 2020, and he coordinates its implementation.

Working in the mining sector for nearly 25 years, Mr. Roy has been employed by the MERN since 2001. He notably held the position of Director of the Bureau de la Connaissance Géoscientifique du Québec from 2011 to 2018, during which time he was responsible for planning and implementing geoscientific surveys throughout the province.

Mr. Roy holds a Master’s degree in Earth Sciences from Laval University. He is a member of the Ordre des géologues du Québec. In the past, he represented the MERN on various boards of directors, including those of the Nunavik Mineral Exploration Fund, MISA and the NSERC-Agnico Eagle Industrial Research Chair in Mineral Exploration, as well as various national geoscience committees.