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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Excelsior Mining Corp. is pleased to confirm that wellfield optimization at the Gunnison Copper Project in Southern Arizona is progressing as planned. Excelsior previously announced some changes to the production wellfield in order to improve efficiency for long-term production performance. These changes are expected to be completed in March, 2020 [...]