Excelsior Mining Corp. is pleased to announce that it has closed its previously announced and upsized "bought deal" public offering of units of the Company with Scotiabank and PI Financial Corp. as joint bookrunners and underwriters . The Underwriters exercised the over-allotment option in full and as a result the Company issued a total of 33,350,000 Units at a price of C$0.95 per Unit for gross proceeds of C$31,682,500 [...]
Excelsior Mining Corp. is pleased to announce that due to strong investor demand it has amended the terms of its previously announced "bought deal" public offering of units of the Company to increase the size of the offering. In connection with the upsizing of the offering, the Company has entered into an amending agreement with Scotiabank and PI Financial Corp. as joint bookrunners and underwriters . Pursuant to the [...]
Excelsior Mining Corp. announced today that it has entered into an agreement with Scotiabank and PI Financial Corp. as joint bookrunners and underwriters , pursuant to which the Underwriters have agreed to buy on a bought deal basis 21,100,000 units of the Company, at a price of C$0.95 per Unit for gross proceeds of approximately C$20 million . Each Unit consists of one common share and one warrant . Each Warrant is [...]
Excelsior Mining Corp. is pleased to announce the sale of first copper cathode from the Gunnison Copper Project in Cochise County, Arizona. Highlights include: A total of 90,000 pounds of copper cathode were sold under the off-take agreement with Trafigura Trading LLC . Assays confirm that the copper content achieved 99.998%; copper purity is projected to achieve 99.999% as per the feasibility design, for all future [...]
Excelsior Mining Corp. is pleased to announce first copper cathode production has been achieved at the Gunnison Copper Project in Arizona. Highlights include: Copper cathode production has commenced; The wellfield optimization program has expanded to include more production wells; additional time will be required to bring the entire wellfield into production; First copper cathode sales are anticipated for January 2021 [...]
Excelsior Mining Corp. is pleased to announce that it has filed a preliminary base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada . The Shelf Prospectus, when made final, will enable Excelsior to make offerings of up to US$30,000,000 of any combination of common shares, debt securities, subscription receipts, units, warrants and share purchase contracts, during the 25-month [...]
Excelsior Mining Corp. reports that the nominees listed in the management information circular for the 2020 Annual General and Special Meeting of shareholders were elected as directors of Excelsior. Detailed results of the vote for the election of directors held at the Annual General and Special Meeting on Nov 10, 2020 in Vancouver, are set out below: Votes for % Votes for Votes withheld % Votes withheld Mark J. Morabito [...]
Excelsior Mining Corp. is pleased to provide the following update for the Gunnison Copper Project in Arizona. Limited operations in response to the COVID-19 pandemic have been implemented in order to optimize many aspects of the production wellfield. Highlights from the wellfield optimization program include: The issue of copper precipitates and other precipitates blocking wells has been solved; the upgrades to the [...]
Excelsior Mining Corp. is pleased to announce the hiring of Robert Winton as the new General Manager and Senior Vice President of the Gunnison Copper Project. In this role, Mr. Winton will be responsible for all facets of the mining operations at the Company's in-situ copper project in southern Arizona. "We are very pleased that Robert Winton has joined our team; Excelsior will benefit from his proven track record of [...]
Excelsior Mining Corp. is providing an update on its temporary suspension of operations . As the duration of the suspension remains unknown at this time, Excelsior is taking steps to conserve cash and maintain a robust balance sheet. Excelsior is reducing its workforce, while retaining the personnel necessary to maintain the facilities and sustain environmental monitoring and compliance requirements. The Gunnison Copper [...]
Excelsior Mining Corp. announces that the previously announced retrofit and wellfield upgrades have been successfully completed . However, in response to the unfolding global COVID-19 pandemic, the Board of Directors has determined that the most responsible decision in terms of prioritizing employee health and safety is to place the Gunnison Copper Project on temporary suspension. With the completion of the retrofit and [...]
Excelsior Mining Corp. is pleased to announce that the Company has entered into a purchase and sale agreement with Trafigura Trading LLC for 100% of copper cathode production during 2020 from the Gunnison Copper Project in Southern Arizona. The Offtake Agreement has been concluded on commercially competitive terms. The Company is forecasting first copper production in Q2 of this year. Trafigura Group Pte. Ltd. is a market [...]
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