Excelsior Mining Corp. is pleased to announce that Altius Royalty Corporation has exercised the final royalty option under the Share Purchase and Royalty Option Agreement dated July 19, 2013 between the Company and Altius. As a result of the exercise of the final option, Altius has paid the Company C$5.0 million and in return received an additional gross revenue royalty on the Gunnison Copper Project. "This investment by [...]
Excelsior Mining Corp. is pleased to announce that construction has started at the Gunnison Copper Project , in southeast Arizona; first copper production is anticipated in Q4 of 2019. "Our ability to move quickly from the close of project financing to the initiation of construction at our Gunnison Copper Project is a demonstration of the operational capacity and experience of the Excelsior team," said Stephen Twyerould [...]
Excelsior Mining Corp. is pleased to announce that the Company has closed a US$75 million project financing package . The Financing has been provided by Triple Flag Mining Finance Bermuda Ltd. , and consists of a US$65 million copper metal stream and a concurrent US$10 million private placement of common shares of Excelsior . "With this comprehensive financing package, Excelsior will initiate construction activities at [...]
Excelsior Mining Corp. is pleased to announce that in conjunction with the previously announced project financing package , Excelsior and affiliates of Greenstone Resources L.P. have entered into a subscription agreement with respect to the exercise of Greenstone's pro-rata right over the issuance of common shares of the Company . Excelsior will issue to Greenstone an aggregate of 13,050,840 Excelsior common shares at an [...]
Excelsior Mining Corp. is pleased to provide an update on pre-production preparations at the fully-permitted Gunnison Copper Project in southeast Arizona. Ramp-up activities at the Johnson Camp Mine have been running in parallel with the permitting process as the Company seeks to ensure an efficient transition into the pending construction and production phases. Excelsior is now poised to be a major long-term employer [...]
Excelsior Mining Corp. is pleased to announce that the Company has entered into an agreement for a US$75 million project financing package. This comprehensive funding plan will enable Excelsior to transition the fully-permitted Gunnison Copper Project in southeastern Arizona into America's next new copper producer. Stephen Twyerould, the President & CEO, commented, "In today's challenging mining market, only quality [...]
Excelsior Mining Corp. announces that the Class III Underground Injection Control Area Permit for the Gunnison Copper Project is now active and good for production of up to 125 million pounds of pure copper cathode per annum. All required state and federal operating permits have now been successfully obtained. Stephen Twyerould, President & CEO, said, "I'm extremely proud of our team that have worked so diligently with [...]
Excelsior Mining Corp. is pleased to announce that a Settlement Agreement has been concluded that will result in the dismissal of the appeal filed with respect to the Company's Class III Underground Injection Control Area Permit for the Gunnison Copper Project. On June 22, the Environmental Protection Agency issued Excelsior the UIC Permit with an effective date of August 1, 2018. An appeal of the UIC permit was [...]
Excelsior Mining Corp. is pleased to announce that Mr. Stephen Axcell has joined the Board of Directors. The new appointment is in keeping with Excelsior's continuing effort to add additional team members with production experience as the Gunnison Copper Project targets commercial production in 2019. Mr. Axcell will also join the Company's Project Steering Committee. Mr. Axcell is an executive leader with 38 years of [...]
Excelsior Mining Corp. is pleased to announce the appointment of Mr. Barry Dahl as Chief Financial Officer . Mr. Dahl has replaced Carlo Valente who had served as the Company's Interim CFO. The Company thanks Mr. Valente for his valuable contributions during the search for a new CFO. This change is part of a larger ongoing transition of the Company from developer to producer as the Gunnison Copper Project targets [...]
Excelsior Mining confirms that with respect to the Class III Underground Injection Control Area Permit for the Gunnison Copper Project, the 30-day appeal period has officially ended. A total of two appeals were filed with the Environmental Appeals Board; however, one of these appeals was subsequently withdrawn prior to the termination of the appeal period. The remaining appeal raises no new objections that were not [...]
Excelsior Mining Corp. announces that an appeal has been filed with respect to the Class III Underground Injection Control Area Permit, for the Gunnison Copper Project. View All of the comments raised in the filed appeal were addressed as part of the comprehensive permit review process that was undertaken by the United States Environmental Protection Agency. Appeals are reviewed by the Environmental Appeals Board. In [...]
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