Excelsior Mining Corp. is pleased to confirm that excavation under the I-10 Highway has been completed; thereby, allowing for the pipeline corridor to be connected from the production wellfield to the Johnson Camp Mine processing facilities. Excelsior remains on scheduled for first copper production in Q4 2019. Construction of a two-mile pipeline corridor connecting the JCM processing facilities to the production [...]
Excelsior Mining Corp. reports that the nominees listed in the management information circular for the 2019 Annual General Meeting of shareholders were elected as directors of Excelsior. Detailed results of the vote for the election of directors held at the Annual General Meeting on June 20, 2019 in Vancouver, B.C., are set out below: Votes for % Votes for Votes withheld % Votes withheld Mark J. Morabito 141,013,912 97.05 [...]
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Excelsior Mining Corp. is pleased to confirm that four successful wellfield pump tests have been completed at the Gunnison Copper Project , in southeast Arizona. The Company is also providing a comprehensive mine construction update. Excelsior remains on scheduled for first copper production in Q4 2019. Excelsior's President & CEO Stephen Twyerould said, "Our pre-production pump tests have demonstrated hydraulic [...]
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Excelsior Mining Corp. is pleased to provide a construction progress report for the Gunnison Copper Project , in southeast Arizona. Photos of the construction process can be found on the Company's website. First copper production is scheduled for Q4 2019. Construction Highlights: A new access road south of the I10 Highway has been installed. Access to the production wellfield has been improved and overall transport [...]
Excelsior Mining Corp. is pleased to announce the closing of a US$9.4 million equity placement with affiliates of Greenstone Resources L.P. pursuant to the terms of a previously announced subscription agreement . Excelsior has issued to Greenstone an aggregate of 13,050,840 Excelsior common shares at an aggregate subscription price of US$9.443 million, or equal to approximately C$0.95 per share at current exchange rates [...]
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 [...]