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Excelsior Mining Corporation (QB)

Excelsior Mining Corporation (QB) (EXMGF)

0.17
0.029
(20.57%)
Closed April 30 4:00PM

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EXMGF News

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EXMGF Discussion

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Sitman Sitman 4 hours ago
Likely news coming (Nuton JCM deal) + strong copper price (implying better terms for Excelsior in the deal)
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The DMan The DMan 10 hours ago
Up 20% today Nice Volume.... Any Thoughts ?
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KashGreen KashGreen 2 weeks ago
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..
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Dead On Arrival Dead On Arrival 2 weeks ago
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.
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Sitman Sitman 2 weeks ago
Guess news is coming soon. Stay tuned. My average cost is $0.62, not proud of that, lol.
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The DMan The DMan 2 weeks ago
Nobody have anything ?? WTF why so quiet ? my avg is .94 Nothing to be that exited about but .......
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Sitman Sitman 3 weeks ago
The next update should cover Nuton's deal with JCM. Hopefully, it's coming soon, and we will hear some positive news.
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Arizonabilly Arizonabilly 3 weeks ago
I have a feeling something is going to happen soon.
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rubberworm rubberworm 1 month ago
Yea last few weeks more shares sitting on the bid and wee bit of green starting to show.
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Arizonabilly Arizonabilly 1 month ago
EXMGF showing signs of life. Good news coming?
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Dead On Arrival Dead On Arrival 1 month ago
They cannot get Gunnison restarted fast enough. A lot depends on Johnson though and that decision should come in Qtr. 2.
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rubberworm rubberworm 1 month ago
https://think.ing.com/articles/coppers-bull-run-is-only-just-beginning/
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Sitman Sitman 1 month ago
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.
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Dead On Arrival Dead On Arrival 1 month ago
I believe they are going to use Nuton funding for the stimulation. I am not sure anything has started.
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Sitman Sitman 1 month ago
I meant the well stimulation field test.
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Sitman Sitman 1 month ago
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.
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Dead On Arrival Dead On Arrival 1 month ago
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.
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Sitman Sitman 1 month ago
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.
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rubberworm rubberworm 2 months ago
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/
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rubberworm rubberworm 2 months ago
https://m-mtoday.com/news/arizona-positioned-to-lead-us-reshoring-of-critical-minerals/
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Arizonabilly Arizonabilly 2 months ago
In case you haven't noticed, there is a new investor presentation on the Excelsior website.
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Dead On Arrival Dead On Arrival 3 months ago
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.
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Dead On Arrival Dead On Arrival 3 months ago
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.
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douginil douginil 3 months ago
Thanks for posting walter.
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stark12 stark12 3 months ago
Thanks Walter! Patience will be rewarded.
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Sitman Sitman 3 months ago
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.
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walterc walterc 3 months ago
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
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Sitman Sitman 3 months ago
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.
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Sitman Sitman 3 months ago
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.
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Dead On Arrival Dead On Arrival 3 months ago
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.
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Sitman Sitman 3 months ago
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.
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Dead On Arrival Dead On Arrival 3 months ago
This stock looks sick at the moment. Waiting to see if the Johnson Mine is a go.
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Dead On Arrival Dead On Arrival 4 months ago
Ouch. You are not the only one I know that has taken a beating in this stock. I always love a mining story but waited on buying this until recently. I have taken a bath on my other spec.investments. I do not know the management team here but know Shawn and like him.
Let us see if they can get a deal with Nuton and that should pave the way for fixing Gunnison.
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The DMan The DMan 4 months ago
If this P.O.S was a professional sports team....Owner, Manager, Offence C.O FIRE these Mutha F###### Hire Belicheck Cant F it up any more than these A Holes... BTW Bag Holder @ 95 cents CAD .... Mucho Anos
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Dead On Arrival Dead On Arrival 5 months ago
Am I being stalked? Bitching about stocks is what I do when they are being managed into the ground. The 3 I mentioned have had terrible years but Excelsior's problems were ground related and not their fault.

The 4th one I own has had management issues for a decade or longer. Timelines seem to never be met, yet they were rewarded multi- million dollar rewards for their services. I am wishing Lebby would be moved to the CTO position. That is my opinion. Marcelli is a joke and you know that as well.

No need to visit here again. The board is full of tumbleweeds and you have better things to do than chase me here. I am wondering who told you about this stock. Not exactly a household name.

Happy holidays. You will see a better version of me on LWLG board come 2024 and probably a lot less.
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KCCO7913 KCCO7913 5 months ago
And yet the one you bitch about most publicly has cash on hand for 2 years and cash available for 4 years…plus at todays price should net you a 5x on your money and a 20X+ at its peak.

Sorry…had to say it quietly over here. Excelsior is on my watch list so I saw the red bubbles. I used to have a sizable investment here long ago. Luckily got out before losing money.
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Dead On Arrival Dead On Arrival 5 months ago
It seems every stock I own is low on funds and needs a PP to stay in business. This is getting old.

NB

MIN

TLT

Not a banner year for any of them.
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douginil douginil 5 months ago
Excelsior Mining Announces Closing of US$5,500,000 Financing

Phoenix, Arizona--(Newsfile Corp. - December 14, 2023) - Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQB: EXMGF) ("Excelsior" or the "Company") is pleased to announce that it and its wholly-owned subsidiary Excelsior Mining Arizona, Inc. ("Excelsior Arizona") have closed a $5.5 million financing (the "Financing") with Greenstone Excelsior Holdings LP ("Greenstone") and Triple Flag USA Royalties Ltd. ("Triple Flag"). The closing of the Financing was a condition subsequent to the previously announced extension of the maturity date of its existing $15 million credit facility with Nebari Natural Resources Credit Fund I LP ("Nebari") to June 30, 2026. All dollar amounts in this press release are in United States dollars.

Dr. Stephen Twyerould, President & CEO of Excelsior, commented: "Closing this transaction with such strong support from our key stakeholders demonstrates we are on the right path. We look forward to 2024 with several transformational opportunities ahead of us, and our aim, with the support of our partners, is to actualize those opportunities."
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Dead On Arrival Dead On Arrival 5 months ago
Hopefully they can get this problem fixed at Gunnison. The stock price is very cheap at the moment due to the uncertainty of what is going to happen. I have been nibbling these past few weeks but will not commit to a large position. That is due to the fact that everything I buy now goes to ****. Owning highly speculative stocks in a high interest environment has cost investors a lot of money this year.
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douginil douginil 5 months ago
Thanks for the link to the article
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rubberworm rubberworm 5 months ago
https://www.yahoo.com/finance/news/world-copper-supply-suddenly-looking-175917588.html
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Jovko Jovko 5 months ago
It will take 3-6 months for results.
3 months ago I got the following response from Shawn:

We have all necessary permits to conduct the well-field stimulation.
Trials are to start in Q4 of this year after final planning is complete.
It will take approximately 3-6 months for results.
This is because we want to have data from several months during the leaching cycle,
and will be working on best practices and procedures for when we roll the stimulation out to the entire well-field.
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Dead On Arrival Dead On Arrival 5 months ago
Thanks. I keep wondering how long the process will take to see if they can reopen the Gunnison mine. I am not sure why they are even bothering with the Johnson one as it does not seem to bring enough copper to the surface. Unless the world crashes, copper will be needed big time. Let us hope they can get Gunnison running again. I had sent emails to the big stock owners but received no reply to questions. Also to Shawn(IR) who is great about responding.
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Arizonabilly Arizonabilly 5 months ago
I began accumulating EXMGF in 2015. I'm no geologist, but the geologists at Greenstone, Triple Flag, and Nuton all seem to like Gunnison and JCM. Once the Gunnison well stimulation process proves successful, this is going to rocket in my opinion. The success of reopening JCM hinges on the price of copper. The Excelsior story has always been about whether the in-situ process will work for copper. I think everyone is waiting for the well stimulation to begin. Hopefully Q1 2024.
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Dead On Arrival Dead On Arrival 5 months ago
Thanks Stark. I keep thinking I should take a larger position in the stock. It has been such a brutal year that everything I touch goes to mush.Niocorp has been a complete disaster along with two other investments that have a great story but horrid management. I do not know enough about this management team.
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stark12 stark12 5 months ago
I'm not the best person to offer an informed opinion as I don't have a finance background. My sense is that the terms are favorable, money will be available for continued development of both projects, Gunnison and Johnson, and the big fish backing the project like Greenstone are all in. But, I emphasize that I'm not a finance guy. Perhaps someone else on the board can offer a more informed opinion.
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Dead On Arrival Dead On Arrival 5 months ago
What do you think of this news?
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stark12 stark12 5 months ago
https://www.excelsiormining.com/news/news-2023/xcelsioriningnnouncesxtensionofebarioanand20231130
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rubberworm rubberworm 5 months ago
https://biv.com/article/2023/11/global-ev-mandates-would-require-388-new-mines-fraser-institute
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Dead On Arrival Dead On Arrival 6 months ago
This stock has hit the skids. Not sure how much tax selling will hit this but I will be buying at lower prices to income average. Not a good year price wise for this company.
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