STOCK TITAN

Excelsior Mining Receives Final Permit Required to Restart the Johnson Camp Mine

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) has received all necessary permits to begin operations at the Johnson Camp Mine (JCM) in southeast Arizona. The company obtained the amended Mined Land Reclamation Plan approval from the State of Arizona, complementing the previously approved Air Quality Permit and Aquifer Protection Permit. This final authorization marks a significant milestone towards copper production at JCM, with first copper production anticipated in H1 of 2025.

The project aims to produce Made in America copper for domestic use, strengthening American supply chains. Excelsior is partnering with Nuton for the first industrial-scale deployment of their sulfide leaching technology, combined with oxide ore production. Robert Winton, Senior Vice President Operation & GM of Excelsior Mining, highlighted the exciting opportunity this creates for both organizations and the wider copper industry.

Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) ha ricevuto tutti i permessi necessari per avviare le operazioni presso la Johnson Camp Mine (JCM) nel sud-est dell'Arizona. L'azienda ha ottenuto l'approvazione del Piano di Recupero delle Terre Minerarie modificato dallo Stato dell'Arizona, completando i permessi precedentemente approvati per la Qualità dell'Aria e la Protezione della Falda Acquifera. Questa autorizzazione finale segna una tappa significativa verso la produzione di rame presso la JCM, con la prima produzione di rame prevista nel primo semestre del 2025.

Il progetto punta a produrre rame Made in America per uso domestico, rafforzando le catene di approvvigionamento americane. Excelsior sta collaborando con Nuton per il primo utilizzo su scala industriale della loro tecnologia di lisciviazione dei solfuri, combinata con la produzione di minerale ossidato. Robert Winton, Vice Presidente Senior Operazioni e GM di Excelsior Mining, ha sottolineato l'eccitante opportunità che ciò crea per entrambe le organizzazioni e per l'intera industria del rame.

Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) ha recibido todos los permisos necesarios para comenzar las operaciones en la Johnson Camp Mine (JCM) en el sureste de Arizona. La compañía obtuvo la aprobación del Plan de Recuperación de Tierras Mineras enmendado del Estado de Arizona, complementando los permisos de Calidad del Aire y Protección del Acuífero que fueron aprobados previamente. Esta autorización final marca un hito significativo hacia la producción de cobre en la JCM, con la primera producción de cobre anticipada para el primer semestre de 2025.

El proyecto tiene como objetivo producir cobre Hecho en América para uso doméstico, fortaleciendo las cadenas de suministro estadounidenses. Excelsior se está asociando con Nuton para el primer despliegue a escala industrial de su tecnología de lixiviación de sulfuros, combinada con la producción de mineral oxidado. Robert Winton, Vicepresidente Senior de Operaciones y GM de Excelsior Mining, destacó la emocionante oportunidad que esto crea para ambas organizaciones y para la industria del cobre en general.

엑셀시어 마이닝 코퍼레이션 (TSX: MIN) (OTCQB: EXMGF)은 아리조나 남동부의 존슨 캠프 광산 (JCM)에서 운영을 시작하기 위한 모든 필요한 허가를 받았습니다. 회사는 아리조나 주의 수정된 광업 토지 복구 계획 승인을 받았으며, 이는 이전에 승인된 공기 품질 허가 및 수원 보호 허가를 보완합니다. 이 최종 승인은 JCM에서 구리 생산을 향한 중요한 이정표를 나타내며, 2025년 상반기 첫 구리 생산이 예상됩니다.

이 프로젝트는 미국산 구리 생산을 목표로 하여 국내 소비를 위한 공급망을 강화하고 있습니다. 엑셀시어는 산화 광석 생산과 결합하여 그들의 황화물 침출 기술을 첫 산업 규모로 배치하기 위해 Nuton과 협력하고 있습니다. 엑셀시어 마이닝의 수석 부사장 운영 및 GM인 로버트 윈튼은 이는 두 조직과 구리 산업 전체에 흥미로운 기회를 창출한다고 강조했습니다.

Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) a reçu tous les permis nécessaires pour commencer les opérations à la Johnson Camp Mine (JCM) dans le sud-est de l'Arizona. La société a obtenu l'approbation du Plan de Récupération des Terres Minées modifié de l'État de l'Arizona, complétant ainsi le Permis de Qualité de l'Air et le Permis de Protection des Aquifères précédemment approuvés. Cette autorisation finale constitue une étape significative vers la production de cuivre à la JCM, avec une première production de cuivre prévue au premier semestre 2025.

Le projet vise à produire cuivre Made in America pour un usage domestique, en renforçant les chaînes d'approvisionnement américaines. Excelsior s'associe à Nuton pour le premier déploiement à échelle industrielle de leur technologie de lixiviation des sulfures, combinée à la production de minerai oxydé. Robert Winton, Vice-Président Senior des Opérations et GM d'Excelsior Mining, a souligné l'opportunité passionnante que cela crée pour les deux organisations et pour l'ensemble de l'industrie du cuivre.

Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) hat alle erforderlichen Genehmigungen erhalten, um die Arbeiten in der Johnson Camp Mine (JCM) im Südosten von Arizona aufzunehmen. Das Unternehmen hat die Genehmigung des geänderten Plans zur Rekultivierung von Bergbauflächen vom Staat Arizona erhalten, was die zuvor genehmigte Luftqualitätsgenehmigung und die Genehmigung zum Schutz des Aquiferen ergänzt. Diese endgültige Genehmigung stellt einen wichtigen Meilenstein für die Kupferproduktion in der JCM dar, wobei die erste Kupferproduktion im ersten Halbjahr 2025 erwartet wird.

Das Projekt zielt darauf ab, in Amerika hergestellten Kupfer für den Inlandsverbrauch zu produzieren, um die amerikanischen Lieferketten zu stärken. Excelsior arbeitet mit Nuton zusammen, um die erste industrielle Implementierung ihrer Sulfid-Laugungstechnologie in Kombination mit der Produktion von oxidischem Erz zu realisieren. Robert Winton, Senior Vice President Operation & GM von Excelsior Mining, hob die aufregenden Möglichkeiten hervor, die dies sowohl für die beiden Organisationen als auch für die gesamte Kupferindustrie schafft.

Positive
  • Received all necessary permits to commence operations at Johnson Camp Mine
  • First copper production anticipated in H1 of 2025
  • Partnership with Nuton for industrial-scale deployment of sulfide leaching technology
Negative
  • None.

Phoenix, Arizona--(Newsfile Corp. - October 21, 2024) - Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce that it has received all permits to commence operations at the Johnson Camp Mine ("JCM") in southeast Arizona, which will produce Made in America copper expected to be used domestically to strengthen American supply chains. First copper production is anticipated in H1 of 2025.

Excelsior received the amended Mined Land Reclamation Plan (MLRP) approval from the State of Arizona. The MLRP, along with the recently approved Air Quality Permit (AQP) and the Aquifer Protection Permit (APP), means that all approvals needed to start the production of copper at JCM have been received.

"This final permit is a key milestone bringing us one step closer to copper production at JCM. We believe the partnership with Nuton LLC for the first industrial-scale deployment of their sulfide leaching technology, combined with the oxide ore production, generates an exciting opportunity for both organizations and the wider copper industry," comments Robert Winton, Senior Vice President Operation & GM of Excelsior Mining. He adds, "Excelsior's local and state engagement continues to deliver opportunity in Southeastern Arizona."

ABOUT THE JOHNSON CAMP MINE

The Johnson Camp Mine is a past producing open pit, heap leach operation, which with Nuton LLC, a Rio Tinto Venture is in Stage 2 of a process to restart the mine using Nuton technologies, with first copper expected to be produced in 2025. The operation includes two open pits, a fully functioning SX-EW plant capable of producing 25 million pounds of cathode copper per year, a complete set of PLS and raffinate ponds, and full infrastructure (ancillary facilities, access, power, water, and communications).

ABOUT EXCELSIOR MINING

Excelsior is a mineral exploration and development company that owns the Gunnison Copper Deposit, the Johnson Camp Mine, and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits, in Cochise County, Arizona.

For more information on Excelsior, please visit our website at www.excelsiormining.com.

Excelsior's exploration work on the Johnson Camp mine is supervised by Stephen Twyerould, Fellow of AUSIMM, President and CEO of Excelsior and a Qualified Person as defined by NI 43-101. Mr. Twyerould has reviewed and is responsible for the technical information contained in this news release.

For further information regarding this press release, please contact:

Excelsior Mining Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018.

Shawn Westcott
T: 604.365.6681
E: info@excelsiormining.com
www.excelsiormining.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the timing and amount of future production from Johnson Camp, the expected production capacity from Johnson Camp, that copper produced from Johnson Camp will be used to strengthen American supply chains, and expectations regarding the exploration and development of the Company's mineral projects.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the availability of financing to implement the Company's operational plans, the estimation of mineral resources and mineral reserves, the realization of resource and reserve estimates, copper and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs (including the price of acid), the availability of labour, material and acid supply, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the construction and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not be sustained at the Gunnison Copper Project, risks relating to variations in mineral resources and reserves, grade or recovery rates, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related products, risks related to current global financial conditions, risks related to current global financial conditions on the Company's business, uncertainties inherent in the estimation of mineral resources, access and supply risks, risks related to the ability to access acid supply on commercially reasonable terms, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the construction or mining process, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227130

FAQ

When is Excelsior Mining (EXMGF) expected to start copper production at Johnson Camp Mine?

Excelsior Mining anticipates first copper production at Johnson Camp Mine in the first half of 2025.

What permits has Excelsior Mining (EXMGF) received for the Johnson Camp Mine project?

Excelsior Mining has received the amended Mined Land Reclamation Plan approval, Air Quality Permit, and Aquifer Protection Permit for the Johnson Camp Mine project.

Who is Excelsior Mining (EXMGF) partnering with for sulfide leaching technology at Johnson Camp Mine?

Excelsior Mining is partnering with Nuton for the first industrial-scale deployment of their sulfide leaching technology at Johnson Camp Mine.

EXCELSIOR MINING CORP

OTC:EXMGF

EXMGF Rankings

EXMGF Latest News

EXMGF Stock Data

38.80M
164.59M
Copper
Basic Materials
Link
United States of America
Phoenix