(MIN) News

The current trading volume is so low, are you sure we need to worry about Greenstone buying from the open market? No one is buying now, and not many ppl are selling either. Any buying power would easily push the share price up.

I have been in since 2014, usually post on stockhouse, but of course I follow investorshub and ceo.ca.

I am posting here because I think item four that we have to vote on is important. I think we should vote NO on item 4 allowing Greenstone to convert their accrued interest early. (I think they can convert their principal early, but that doesn't matter, it is at a fixed price)

Allowing them to convert the interest early instead of September 30, 2026, lets Greenstone buy at the current depressed stock price and lets them get over 50% of the company, i.e. control.

Greenstone is not allowed to vote on this, so our vote matters. Sure, management recommends approval, but what else can they do without upsetting Greenstone.
I see no advantage to us to let Greenstone convert the accrued interest now. In case you care, I have 700,000 shares, and every vote helps.

I've been an investor for close to nine years now in EXMGF. Unfortunately, this stock is going nowhere until Gunnison proves out. And that is still years away, in my opinion. The activities at JCM will have no positive effect on the stock price as any meaningful results from the Nuton application is also at least a year or two out. The only real positives are first, establishing the relationship with Rio Tinto and second, the coming worldwide shortage of copper. We are faced with a decision: either get out or load up and hope for the best.

Years ago, I sold shares of $BIR, $CVE, $PEY, $CCO, and $DML that were worth millions and put most of the money into $MIN. Now, the stocks I sold have tripled or quadrupled, and $MIN... well, you guys know the story... Sometimes, I just can't understand the board and management of Excelsior. Stephen the CEO holds more than 7 million shares; shouldn't he work harder for the company for his own good? And Greenstone, as the biggest shareholder, shouldn't they do something to fix the disappointing and costly management?

Well this pubco has a remote chance. But meanwhile the management team and other employees have been sluts and whores with their bloated salaries for part time work. It is sickening how they just convert other peoples into their own money. You earn large while pickleballing SW. Proud of that?

Excelsior webinar is scheduled on Tuesday, June 4

https://www.amvestcapital.com/webinar-directory/excelsiormining060424

That would be a nice gesture. I am guessing that once they are able to fix the issue at Gunnison, Excelsior will be a takeover target with copper on the move. The outfit in London will have the final say.

JCM, in my view, is just a side story to Excelsior. It's great that they have this relationship with Rio Tinto which, hopefully, will grow over time and result in Rio taking a JV interest in Gunnison.

Stock price has hit a short term ceiling . Gunnison is now in focus. The future of the company depends on them restarting the mine.

Excelsior Mining Announces Receipt of US$5 Million Payment Under Terms of Option Agreement with Nuton.

https://www.newsfilecorp.com/release/210121/

you are correct.

I think many investors do not understand the impact of this news.

A webinar can help .

That would be great to hear.

I heard the company will be doing a webinar to discuss Nuton and Gunnison shortly.

This company is all about getting Gunnison going again. The news yesterday gives MIN the right to use the funds in whatever they choose to do. Once you see Gunnison back on track, then the share price will act accordingly. Just not sure if the fix is one year or more.

Why does this news have ZERO effect on share price??? Mutha Fuc%$#@

That is 100% correct and I affirmed that with the company. The whole ball of wax is Gunnison. Hoping they can resolve their problems and then Rio makes a bid for the company.

Investors may have underestimated today's news from Excelsior ($MIN.TO, $EXMGF). The key point not mentioned in the news is that Excelsior now has the funds to proceed with the well stimulation test at Gunnison.

Excelsior Mining Announces Option Agreement with Nuton, a Rio Tinto Venture Proceeds to Stage 2

Phoenix, Arizona--(Newsfile Corp. - May 15, 2024) - Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce that Nuton LLC ("Nuton"), a Rio Tinto venture has elected to proceed to Stage 2 of the existing Option Agreement (the "Agreement") (see Excelsior press release dated July 31, 2023). The purpose of the Agreement is for Nuton to evaluate the use of its Nuton™ copper heap leaching technologies at Excelsior's Johnson Camp mine in Cochise County, Arizona. Under the Agreement, Excelsior remains the operator and Nuton funds Excelsior's costs associated with a two-stage work program at Johnson Camp.

As Nuton has elected to proceed to Stage 2, it will make a US$5 million payment to Excelsior for the use of existing infrastructure at the Johnson Camp mine for the Stage 2 work program. Nuton will also be responsible for funding all of Excelsior's costs associated with Stage 2. The full Stage 2 work program is anticipated to take up to five years, and, if successful, will demonstrate key elements of the Nuton technologies at industrial scale. It will proceed based on milestones related to engineering and mobilization, infrastructure and construction, mining, leaching, copper production and post-leach rinsing. Mining is expected to commence in year one with first Nuton copper produced in 2025.

The completion of all milestones would result in full scale commercial production of Nuton copper over several years at Johnson Camp. Revenue from operations will first be used to pay back Stage 2 costs to Nuton and will then be credited to Excelsior's account after fulfillment of Excelsior's applicable royalty and stream obligations.

"Nuton is providing state-of-the-art technologies to maximize copper recoveries. We look forward to positive results from these clean copper technologies as we develop our Johnson Camp mine," said Fred DuVal, Chairman of Excelsior.

Rio Tinto has developed the NutonTM technologies, an extensive portfolio of advanced copper heap leaching technologies targeted at primary sulfide minerals (including lower grade mineral deposits), which could not otherwise be processed economically using traditional leaching or sulfide processing technologies. These technologies offer the potential to produce additional copper from new and ongoing operations in a cost-effective manner that has significant environmental benefits when compared with traditional primary sulfide processing technologies.

After the completion of Stage 2, Nuton will have the right to form a joint venture on Johnson Camp per mutually agreeable terms whereby Nuton will hold an initial 49% and Excelsior an initial 51% interest. The purpose of the joint venture is to continue the development of the Johnson Camp mine using Nuton technologies. Should Nuton not exercise its joint venture rights, Nuton and Excelsior will discuss in good faith Excelsior's continued use of the Nuton technologies at the Johnson Camp mine subject to certain licensing terms and conditions. The infrastructure arrangement at Johnson Camp under this Agreement is non-exclusive. During Stage 2, Excelsior may continue to use the Johnson Camp infrastructure for processing Gunnison solutions and other copper sources not related to the Stage 2 work program so long as capacity requirements for the Stage 2 work program are met.

ABOUT NUTON

Nuton is an innovative venture that aims to help grow Rio Tinto's copper business. At the core of Nuton is a portfolio of proprietary copper leaching related technologies and capability - a product of almost 30 years of research and development. Nuton offers the potential to economically unlock copper from primary sulfide resources through leaching, achieving market-leading recovery rates and contributing to an increase in copper production at new and ongoing operations-. One of the key differentiators of Nuton is the ambition to produce the world's lowest footprint copper while having at least one Positive Impact at each of our deployment sites, across our five pillars: water, energy, land, materials and society.

ABOUT EXCELSIOR MINING

Excelsior "The Copper Solution Company" is a mineral exploration and production company that owns and operates the Gunnison Copper Project in Cochise County, Arizona. The project is a low cost, environmentally friendly in-situ recovery copper extraction project that is permitted to 125 million pounds per year of copper cathode production. Excelsior also owns the past producing Johnson Camp Mine and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits.

For more information on Excelsior, please visit our website at www.excelsiormining.com.

For further information regarding this press release, please contact:

Excelsior Mining Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018.

Shawn Westcott
T: 604.365.6681
E: info@excelsiormining.com
www.excelsiormining.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to: (i) the potential of well stimulation to improve performance of the Company's mineral projects; (ii) the intention to deploy the Nuton® technology at the Johnson Camp mine and future production therefrom; (iii) the details and expected results of the stage two work program; and (iv) future production and production capacity from the Company's mineral projects.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the amended permit will not be appealed, work plans will be approved in a timely manner, the availability of financing to continue as a going concern and implement the Company's operational plans, the estimation of mineral resources and mineral reserves, the realization of resource and reserve estimates, expectations and anticipated impact of the COVID-19 outbreak, copper and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs (including the price of acid), the availability of labour, material and acid supply, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to the Company not obtaining adequate financing to continue operations, the breach of debt convenants, risks inherent in the construction and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not be sustained at the Gunnison Copper Project, risks related to the delay in approval of work plans, variations in mineral resources and reserves, grade or recovery rates, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related products, risks related to current global financial conditions, risks related to current global financial conditions and the impact of any resurgence of COVID-19 on the Company's business, uncertainties inherent in the estimation of mineral resources, access and supply risks, risks related to the ability to access acid supply on commercially reasonable terms, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the construction or mining process, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209169

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Excelsior Mining Corp

2400-1055 West Georgia St

Vancouver, BC V6E 3P3

Canada

I am hoping sometime this month with Nuton.This is dragging on way too long. Need their funding to get Gunnison going ands that is the whole ballgame. I wish Rio would just buy us.

Likely news coming (Nuton JCM deal) + strong copper price (implying better terms for Excelsior in the deal)

Up 20% today Nice Volume.... Any Thoughts ?

same here, but if we get a nice move with copper and Biden shutting down big projects coupled with shortage, we have a shot at a nice return. Holding 127,500 shares bought over the past couple years with profit from other deals.. Worth a shot and has a good story..

No winners in this stock and that is for sure if you held all the way down. Just wait for the Nuton news on Johnson which will hopefully be out by June 2024.

Every one of my holdings is a hope and pray.

Guess news is coming soon. Stay tuned. My average cost is $0.62, not proud of that, lol.

Nobody have anything ?? WTF why so quiet ? my avg is .94 Nothing to be that exited about but .......

The next update should cover Nuton's deal with JCM. Hopefully, it's coming soon, and we will hear some positive news.

I have a feeling something is going to happen soon.

Yea last few weeks more shares sitting on the bid and wee bit of green starting to show.

EXMGF showing signs of life. Good news coming?

They cannot get Gunnison restarted fast enough. A lot depends on Johnson though and that decision should come in Qtr. 2.

https://think.ing.com/articles/coppers-bull-run-is-only-just-beginning/

For the real production using well stimulation, likely they will use the fund from Nuton or they need another round of refinancing. I'm just not sure about the field test, I do hope they can get the test done without relying on Nuton.

I believe they are going to use Nuton funding for the stimulation. I am not sure anything has started.

I meant the well stimulation field test.

I agree that their cash position is very low, but according to their presentation, well stimulation is scheduled to be carried out in Q1 and Q2 of 2024. I do hope they have sufficient funds to conduct the well stimulation at Gunnison following the recent $5 million refinancing at least.

I have been watching the copper price and it is doing well. I think we should have an answer in the next 3 months on whether Johnson is a go. MIN will use Nuton money to get Gunnison going . I believe the company has next to nil in cash at present to work on Gunnison.

Even though Excelsior is not currently producing copper, a higher copper price is still beneficial to the company in many ways. For example, in short term, it may facilitate their ability to negotiate a better deal with Nuton.

By 2035, demand for lithium, nickel and cobalt is expected to be 23 times higher than in 2021, with copper demand doubling over the same period, a study by US ratings agency S&P showed last August. https://www.northernminer.com/news/patriot-battery-metals-aims-to-fast-track-corvette-lithium-production/1003864329/

https://m-mtoday.com/news/arizona-positioned-to-lead-us-reshoring-of-critical-minerals/

In case you haven't noticed, there is a new investor presentation on the Excelsior website.

Every other day I look for some news and nada. Not sure when we will hear from Rio but it cannot come soon enough. Either way these junior mining and biotech investments are nothing but crapshoots. Especially when they are listed in Canada.

Thank you for sharing that Walter. I am in contact with Shawn from time to time and he has reported the same thing. Need Nuton second stage financing to use for Gunnison. Hopefully things might get going by Sept. 2024. Patience is a virtue with all the stocks I own and it is trying.

Thanks for posting walter.

Thanks Walter! Patience will be rewarded.

Thanks for sharing. While using the cash from Nuton Stage 2 to fund well stimulation avoids additional dilution, it also brings about delays and uncertainty. Let's hope things go as planned this time.

Hi Stephen

 

I still have a lot of followers that have invested in Excelsior. The shareprice seems  at a bottom and I just read that Goldman Sachs is very optimistic about copper.

Do you still believe that Excelsior is going tob e succesful and  if yes why? It is a long time that Excelsior has been in the news. How is this well stimulation programme  progressing?

What can be the catalyst fort he shareprice of Excelsior in your view? Is this still for 2024?

 

Walter Caers

Hi Walter,

 

Yes we remain confident that Excelsior will be successful.   Working with Nuton at the Johnson Camp Mine continues to move forward at a good pace.  There is a lot of value in the deal we did with them and are excited to see it going forward.  Several catalyst on this project are expected in Q1 or H1 this year; the release of metallurgical column test results and other metallurgical testing, and subject to these results being good, the project moving to Stage 2, which would provide us additional non-dilute cash and a significant reduction in costs, making more money available for well stimulation and Gunnison.

 

On the well stimulation, all approvals have been received, but we would like to use the cash from Nuton Stage 2 to fund this work, so subject to Nuton moving to Stage 2, we would commence the well stimulation program towards the end of H1. 

 

We have been marketing (e.g. the recent Vancouver Round-up conference and about 20 or so virtual meetings the last few months).  More marketing is coming up, but unfortunately no significant news flow until Nuton release some results.

 

There is tremendous value here, it’s just a matter of us getting some of these things done in H1 to start realizing that value.

 

Thanks for your continued support.    

 

Kind Regards,

 

Stephen Twyerould

Thank you, Buddy. Yeah, I was serious and I have to admit it's a stupid mistake, I was being too optimistic when the CO2 issue first came up. I talked to JJ when he was IR and the guy kinda lied to me but I don't want to blame him, it's my mistake.

Thank God I've made money from my other investments so my wife won't kill me for the $2MM loss on paper:). I'm prepared for the worst, even this company go bully up, I can still survive.

I won't sell any of my shares b4 the commercial production starts.

Will well stimulation work at Gunison? I'm certainly not an expert on this matter, but I do believe it will eventually be successful, considering that fracking is a well-established technology widely used in the oil and natural gas industry for a long time.

Are you serious? That is a lot of money allocated to this company. I feel bad for you. This is the only stock I own where I bought somewhere near the low but I am in the red also. I do keep in contact with IR and they are bullish on future prospects. They could use the Johnson money coming in as they would be a big help. Rio Tinto is the player.

Hope you can retrieve your losses. It should be an easy transition to get the Gunnison mine operational once they fix the CO2 issue.

Someone has dumped approximately 300K MIN shares in the last few days (market maker ID/mmid: 022). I am unsure whether this is an insider who has privileged information or simply an individual who can no longer hold the shares. Nonetheless, I have purchased roughly half of these shares. I am currently experiencing a paper loss of approximately 2MM dollars on this stock, but I don't mind losing 20K more:). Hope I can still smile after a couple of years.