PHOENIX, Nov. 9, 2021 /PRNewswire/ - Excelsior Mining
Corp. (TSX: MIN) (OTCQX: EXMGF) (FSE: 3XS) ("Excelsior"
or the "Company") announces the details of its ESG
(Environmental, Social, Governance) initiatives demonstrating the
Company's commitment to these matters. As shown in the table below,
copper is a key mineral required across almost all new green energy
technologies:
Excelsior's goal is to support the green mining revolution by
providing "green copper" that is mined in an environmentally
friendly and socially responsible manner. The Company's ESG
strategy will reinforce the following goals and initiatives the
Company currently holds in high regard:
Environment
- The Gunnison Copper Project is the world's most environmentally
friendly base metal mining project.
- In-situ copper mining recycles water. As a result, the project
consumes less water, and overall water consumption is negligible
compared to other conventional mining operations.
- During operations, the in-situ mine does not generate any
significant dust, air, or noise pollution.
- Excelsior's carbon emissions are insignificant compared to most
industries.
- Excelsior's mine closure plan for Gunnison combines industry
leading sustainability and environmental stewardship. In-situ
mining does not permanently scar the natural landscape; once mining
operations cease, the land can be repurposed for any use going
forward.
- There is no possibility of acid mine drainage or other residual
effects often attributed to traditional mining methods.
Social
- Gunnison's environmental attributes are a key reason the
project has enjoyed strong community support from inception.
- Excelsior has been engaging with local communities for over a
decade, and has made effective employee health & safety
protocols, consistent community engagement, and genuine
transparency with local stakeholders' key priorities.
- Excelsior participates in community support through its
donations of money, people and materials to assist local community
groups.
- Excelsior is a member of the Southeast Arizona Economic
Development Group (SAEDG) which promotes economic development in
the region.
- Excelsior's social and environmental license to operate is
further confirmed by an almost unprecedented settlement agreement
that was reached with a number of environmental activist
groups.
Governance
Excelsior has recently completed a reorganization of its
corporate governance structure by completing the following:
- Appointed Fred DuVal as
Independent Chair of the Board of Directors. Mr. DuVal is a
prominent Arizona businessman and
education leader with extensive experience in both the private and
public sector at both the state and federal level. Mr. DuVal was
the Democratic nominee for Governor of Arizona in 2014 and served as Chairman
of the Arizona Board of Regents
and on the Arizona Commerce Commission. Mr. DuVal was Chief of
Protocol of the United States,
Assistant to President Clinton in the White House and responsible
for all Governors and state issues.
- Restructured its Compensation Committee, Corporate Governance
and Nominating Committee to consist entirely of independent
directors.
Chair of the Company, Fred DuVal
comments, "I am excited to take on the role of Chair of the
Company at a critical time in its development. Excelsior presents a
unique opportunity with an environmentally friendly in-situ mine
that produces copper to support clean energy technologies. In
addition, on behalf of the Board I want to express to Mark our
gratitude for his eleven years of service as Chair of this Board.
Mark has been a strong leader who brought a vast array of skills to
the task - business and legal experience, financial acumen and
capital raising - that has enabled Excelsior to evolve from the
exploration stage through project development to a producer poised
for great success in 2022 and beyond. Mark, we wouldn't be here
without you, and we are grateful for your commitment, your
leadership and your friendship. Mark will continue as a Board
member supporting key initiatives."
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.
Excelsior's technical work on the Gunnison Copper Project is
supervised by Stephen Twyerould, Fellow of AUSIMM, President &
CEO of Excelsior and a Qualified Person as defined by National
Instrument 43-101. Mr. Twyerould has reviewed and approved the
technical information contained in this news release related to the
Gunnison Copper Project and underlying sampling, analytical and
test data.
For more information on Excelsior, please visit our website at
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 future development
plans for the Gunnison Project and its status as a low cost
environmentally friendly in-situ recovery copper extraction
project;(ii) future production of copper from the Gunnison Project;
and (iii) the details of the Company's ESG initiatives and
strategy.
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
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 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 relating to 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 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.
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SOURCE Excelsior Mining Corp.