Hiru Corporation (HIRU) Secures 50-Year Mining Concession for Balfour Project in Tasmania
Hiru (OTC Pink: HIRU) has secured a 50-year mining concession for the Balfour Project in Western Tasmania, Australia. The agreement, signed with Zebs Minerals Pty and D & B Mining Pty , includes an option to extend for an additional 50 years. This landmark deal allows HIRU to explore, develop, and exploit substantial copper resources in the region.
The concession can be extended on a rolling 12-month basis, ensuring operational continuity. HIRU views this as a key milestone in its growth strategy, positioning the company to contribute to the global copper supply chain. The agreement is governed by Tasmanian law, ensuring compliance with local regulations.
HIRU also addressed shareholder inquiries, clarifying that individuals with similar names to company officers who have had legal issues are not associated with Hiru
Hiru (OTC Pink: HIRU) ha ottenuto una concessione mineraria di 50 anni per il Progetto Balfour nel Tasmania occidentale, Australia. L'accordo, firmato con Zebs Minerals Pty e D & B Mining Pty, include un'opzione per estendere la concessione per ulteriori 50 anni. Questo accordo storico consente a HIRU di esplorare, sviluppare ed estrarre rilevanti risorse di rame nella regione.
La concessione può essere estesa su base continuativa di 12 mesi, garantendo la continuità operativa. HIRU considera questo un traguardo chiave nella sua strategia di crescita, posizionando l'azienda per contribuire alla catena di approvvigionamento globale del rame. L'accordo è regolato dalla legge tasmaniana, assicurando il rispetto delle normative locali.
HIRU ha inoltre risposto alle domande degli azionisti, chiarendo che le persone con nomi simili a quelli degli ufficiali della società che hanno avuto problemi legali non sono associate a Hiru.
Hiru (OTC Pink: HIRU) ha conseguido una concesión minera de 50 años para el Proyecto Balfour en Tasmania Occidental, Australia. El acuerdo, firmado con Zebs Minerals Pty y D & B Mining Pty, incluye una opción para extender la concesión por 50 años adicionales. Este acuerdo histórico permite a HIRU explorar, desarrollar y explotar importantes recursos de cobre en la región.
La concesión se puede prorrogar sobre una base continua de 12 meses, asegurando la continuidad operativa. HIRU ve esto como un hito clave en su estrategia de crecimiento, posicionando a la empresa para contribuir a la cadena de suministro global de cobre. El acuerdo está regulado por la ley tasmaniana, garantizando el cumplimiento de las regulaciones locales.
HIRU también abordó las consultas de los accionistas, aclarando que las personas con nombres similares a los de los funcionarios de la empresa que han tenido problemas legales no están asociadas con Hiru.
Hiru (OTC Pink: HIRU)는 호주 태즈매니아 서부의 발포르 프로젝트를 위한 50년 광산 concesion을 확보했습니다. Zebs Minerals Pty 및 D & B Mining Pty와 체결된 이 계약은 추가로 50년 연장할 수 있는 옵션을 포함하고 있습니다. 이 역사적인 계약을 통해 HIRU는 지역 내에서 상당한 구리 자원을 탐사, 개발 및 채굴할 수 있게 됩니다.
이 concesion은 12개월 단위로 연장될 수 있어 운영의 연속성을 보장합니다. HIRU는 이를 성장 전략의 주요 이정표로 보고 있으며, 기업이 글로벌 구리 공급망에 기여할 수 있도록 포지셔닝하고 있습니다. 이 계약은 태즈매니아 법에 따라 규율되어 지역 규정을 준수하도록 합니다.
HIRU는 또한 주주들의 질문에 답변하면서 법적 문제가 있었던 회사 관계자와 유사한 이름을 가진 개인들이 Hiru와 관련이 없다고 명확히 했습니다.
Hiru (OTC Pink: HIRU) a obtenu une concession minière de 50 ans pour le Projet Balfour en Tasmanie occidentale, Australie. L'accord, signé avec Zebs Minerals Pty et D & B Mining Pty, comprend une option de prolongation pour 50 ans supplémentaires. Cet accord historique permet à HIRU d'explorer, développer et exploiter d'importantes ressources en cuivre dans la région.
La concession peut être prolongée sur une base continue de 12 mois, garantissant une continuité opérationnelle. HIRU considère cela comme une étape clé de sa stratégie de croissance, positionnant la société pour contribuer à la chaîne d'approvisionnement mondiale en cuivre. L'accord est régi par la loi tasmanienne, garantissant le respect des réglementations locales.
HIRU a également répondu aux questions des actionnaires, précisant que les personnes portant des noms similaires à ceux des responsables de la société ayant eu des problèmes juridiques ne sont pas associées à Hiru.
Hiru (OTC Pink: HIRU) hat eine 50-jährige Bergbaulizenz für das Balfour-Projekt im westlichen Tasmanien, Australien, gesichert. Der mit Zebs Minerals Pty und D & B Mining Pty unterzeichnete Vertrag enthält eine Option zur Verlängerung um weitere 50 Jahre. Dieser historische Vertrag ermöglicht es HIRU, umfassende Kupferressourcen in der Region zu erkunden, zu entwickeln und auszubeuten.
Die Lizenz kann auf der Grundlage einer rollierenden 12-Monats-Frist verlängert werden, was die operative Kontinuität sichert. HIRU betrachtet dies als einen wichtigen Meilenstein in seiner Wachstumsstrategie, der das Unternehmen in die Lage versetzt, zur globalen Kupferversorgungskette beizutragen. Der Vertrag unterliegt dem tasmanischen Recht und gewährleistet die Einhaltung lokaler Vorschriften.
HIRU hat auch Anfragen von Aktionären beantwortet und klargestellt, dass Personen mit ähnlichen Namen wie die der Unternehmensbeamten, die rechtliche Probleme hatten, nicht mit Hiru verbunden sind.
- Secured a 50-year mining concession for the Balfour Project in Tasmania
- Option to extend the concession for an additional 50 years
- Opportunity to explore and exploit substantial copper resources
- Potential for long-term development and contribution to global copper supply
- None.
Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Hiru Corporation (OTC Pink: HIRU) www.otchiru.com, www.hirumining.com (X) $HIRU is pleased to disclose to its followers and shareholders that Company has signed a landmark agreement with Zebs Minerals Pty Limited and its subsidiary D & B Mining Pty Limited, both based in Tasmania, Australia. The agreement grants HIRU mining concession rights to the Balfour Project, located in Western Tasmania, for an initial term of 50 years. This agreement positions HIRU to explore, develop, and exploit the substantial copper resources in the region.
The agreement also includes an option to extend the concession for an additional 50 years, offering flexibility for long-term development. Furthermore, the concession can be extended on a rolling 12-month basis, ensuring continuity for HIRU's operations.
"We are excited to embark on this long-term partnership, as it provides HIRU with a unique opportunity to leverage Tasmania's rich copper resources and contribute to the global supply chain," said a spokesperson of Hiru Corporation (OTC Pink: HIRU) . "This is a key milestone in our growth strategy, and we look forward to unlocking the potential of the Balfour Project."
The agreement is governed by the laws of Tasmania, ensuring that all operations comply with local regulations.
In other Company news and events, we have been contacted by shareholders inquiring about certain individuals with very similar names at some of our officers and directors and their brushes with UK and USA laws. We are delighted to report back, that none of these individuals are associated with Hiru Corporation (OTC Pink: HIRU) not now nor in the past. We have no knowledge of these individuals' affairs and have no desire to commence any association with any of them,
More updates will follow this week including assets mine potential and similar as aforementioned.
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
Phone: +1 954-228-1053
Email: corporate@otchiru.com
X: @HiruMining
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223028
FAQ
What is the duration of HIRU's mining concession for the Balfour Project?
Where is the Balfour Project located that HIRU has acquired rights to?
What resources will HIRU be exploring at the Balfour Project?
How does the mining concession agreement benefit HIRU (OTC Pink: HIRU)?
