HIRU Corporation (HIRU) Announces Market and Marketing Feasibility for Balfour Project

Rhea-AI Summary

HIRU (OTC Pink: HIRU) has provided an update on the market and marketing feasibility for its Balfour Copper Project in Tasmania, Australia. The project is positioned to capitalize on the ongoing copper super cycle, driven by global trends in renewable energy, electric vehicles, and manufacturing shifts. Key points include:

1. Expected annual production of 50,000 tonnes of copper concentrate in early stages
2. Potential for operations to extend beyond the initial 10-year production plan
3. Forecasts of copper prices exceeding USD $40,000 per tonne in coming years
4. Adherence to Australia's strict ESG standards, appealing to institutional investors
5. Strategic marketing efforts focusing on positioning Balfour as a critical and scalable copper supplier

The project's scalability, sustainability, and long-term potential make it well-positioned in the copper market, with HIRU confident in attracting investor and industry partner interest.

Positive

• Expected annual production of 50,000 tonnes of copper concentrate in early stages
• Potential for operations to extend beyond the initial 10-year production plan
• Forecasts of copper prices exceeding USD $40,000 per tonne in coming years
• Adherence to Australia's strict ESG standards, appealing to institutional investors
• Independent reports confirm investment-grade quality of the project

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - October 17, 2024) - HIRU Corporation (OTC Pink: HIRU) $HIRU www.otchiru.com, www.hirumining.com is pleased to provide shareholders and stakeholders with a market and marketing feasibility update for the Balfour Copper Project in Tasmania, Australia. As global demand for copper continues to rise, the Balfour Project is ideally positioned to capitalize on the ongoing copper super cycle, driven by transformative global trends.

Market Overview

The Balfour Project is set to benefit from the significant, long-term global demand for copper, fueled by the rapid expansion of renewable energy infrastructure, the electric vehicle (EV) revolution, and the worldwide shift away from centralized manufacturing in China. These factors are expected to result in a sustained increase in copper prices, with industry analysts forecasting prices above USD $40,000 per tonne in the coming years.

With its scalable resource base, the Balfour Project is well-placed to become a major copper supplier, potentially extending its operations far beyond the initial 10-year production plan outlined in earlier studies. As the world looks for reliable and sustainable copper sources, the Balfour Project can play a key role in meeting global demand for decades to come.

Strategic Positioning

During its early-stage development, the Balfour Project is expected to produce 50,000 tonnes of copper concentrate annually. This positions the project as a significant player in the copper market. As operations expand in future phases, the project's output will grow, further enhancing its role in the global copper supply chain.

Hiru Corporation's strategic marketing efforts will focus on positioning the Balfour Project as a critical and scalable copper supplier, appealing to investors and industry partners seeking long-term, sustainable sources of this vital metal. Independent reports adhering to international standards such as VALMIN, ITAR, and Ni43-101 confirm the investment-grade quality of the project, enhancing its credibility in the eyes of potential investors.

Sustainability Focus

In addition to its strong market fundamentals, the Balfour Project adheres to Australia's stringent environmental, social, and governance (ESG) standards. This commitment to sustainability will resonate with institutional investors who prioritize ESG-compliant investments. By emphasizing the project's responsible mining practices, Hiru Corporation aims to attract investors who seek both long-term profitability and ethical investment opportunities.

Looking Forward

With scalability, sustainability, and long-term potential, the Balfour Project is well-positioned to secure its place as a key player in the copper market. Hiru Corporation is confident that the project will attract interest from investors and industry partners alike as it continues to develop.

More news will follow in a timely manner.

About Hiru Corporation:

Hiru Corporation (OTC Pink: HIRU) is a mining company headquartered in Toronto, Canada, with a focus on copper and other essential metals. The company's flagship operation, the Balfour Project, is located in north-western Tasmania, Australia. Hiru is committed to ethical mining practices and is actively exploring new opportunities in resource-rich regions across the globe.

Disclaimer Regarding Forward-Looking Statements

Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.  In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions.  Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.

Contact:

Corporate Communications
Irina Veselinovic (Secretary)
Website: www.otchiru.com & www.hirumining.com
Email: corporate@otchiru.com
Phone: +1 954-228-1053
Twitter: https://twitter.com/hirumining
Linkedin: https://www.linkedin.com/company/hiru-corporation/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226834

FAQ

What is the expected annual production of HIRU's Balfour Copper Project?

The Balfour Copper Project is expected to produce 50,000 tonnes of copper concentrate annually during its early-stage development.

What are the forecasted copper prices that HIRU (HIRU) is basing its projections on?

Industry analysts are forecasting copper prices to exceed USD $40,000 per tonne in the coming years, which HIRU is considering in its projections for the Balfour Project.

How does HIRU (HIRU) plan to attract investors for the Balfour Copper Project?

HIRU plans to attract investors by emphasizing the project's scalability, sustainability, adherence to ESG standards, and its potential as a long-term, critical copper supplier in a market driven by renewable energy and electric vehicle trends.

What environmental standards does HIRU's (HIRU) Balfour Project adhere to?

The Balfour Project adheres to Australia's stringent environmental, social, and governance (ESG) standards, which is expected to appeal to institutional investors prioritizing ESG-compliant investments.