EPA Reg 9 approved mod to Excelsior's UIC permit. For EPA notice and links to the major permit modification and EPA's response to comments regarding the permit mod, see https://www.epa.gov/publicnotices/excelsior-mining-arizona-inc-gunnison-copper-project-issuance-modification-class-iii

For those wondering, I am no longer a shareholder, but I occasionally check on developments regarding Excelsior Mining. I received notice of the permit mod approval from the EPA Region 9 permit staff, as I was previously on a mailing list for any modifications to Excelsior's UIC permit.

Best wishes and good luck to you legacy and new shareholders and to Excelsior Mining.

Best thing to do is not watch the stock price on daily basis. Otherwise, anxiety/tension will eat at you, when you know, deep down, it's just a matter of patience. Lots of sectors/companies getting beaten down (e.g., biotech in general) recently. We're not that far away from 2022, and that should prove to be a good year for the company, imho.

Hope so.

fyi - the MM Fund is run by Spartan Fund Mgt Inc out of Toronto, Ontario.
As of Jun 30, 2021, MM Fund owned 627,000 shares and 500,000 warrants of Excelsior Mining equities. The shares represented 0.60% of their net asset value and the warrants represented 0.06% of their net asset value.

As for the 627,000 shares they presumably picked up in the PP, their average cost for such shares was CAD $542,704 and, in their Jun 30, 2021 financial report, indicated the fair value of such shares were $351,120.

For the 500,000 warrants, they indicate that their average cost for those warrants was $50,002. The fair value of the warrants they show as $32,500 (as of Jun 30, 2021).

Based on the Jun 30, 2021 date, their loss appears to be $191,584 for the shares and $17,502 for the warrants, for total loss of CAD $209,086.

Chit ... I think there's a lot of us on this board who have lost more than that so far in our investment, lol. Yeh, I agree with you ... this is a nothing burger.

Yeh. Just hate to see company's available cash being squandered on attorney fees/court costs defending against the class action suit.

Class action lawsuit against Excelsior Mining. At least one participant in the Prospectus offering in February 2021 has initiated a class action lawsuit for alleged misrepresentation of when copper production rate of 25 million lbs/year would be achieved. Company says the lawsuit is without merit and they'll vigorously defend.

https://finance.yahoo.com/news/excelsior-mining-announces-notice-civil-021000167.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKXtUJhobFbsJNJvvY9GjyZYsbT6vYuMTX575N3-qnXHBfkSHZ1KjfXTM0eY6meSWwPLFb9RCATvPjg6SgQAlgmx--0Qy0SlaKuKHK-sGP8QEl-GYz_sdSn11gQ474GVNfV5cC-XGpF8iwpyakf6bLOdqUn_L8QHh9PKBysPMtAD

🚨#PeakCopper🚨 has arrived. #Copper warehouse stock at an all-time low:#China - 5,831 tonnes available to buy (live warrant) LW#Comex - 2,838 ton available /LW#LME - 14,150 ton available /LW

TOTAL - 22,819 tonnes or...

⚡8 hours of global supply 🔥🔥🚀🌜

= #PEAKCOPPER

— StockShaman ⚒ #PeakCopper AKA Greg Shafransky 🍌 (@StockShaman) October 17, 2021

All valid concerns and I can't blame you for having a jaundiced view of schedule projections issued by the company, given their past record. But at the current miniscule share price and relatively low volume of trades, it's imprudent to sell any large position. Is it worth buying? I think so, but it depends on your risk tolerance and patience.

Guess we'll have to hear what Stephen has to say, especially in response to hopefully some tough questions during Q & A.

Excelsior Mining webinar update, October 20 (Wednesday), from 11:00 to 12:00 EDT.

Excelsior Mining Corp.
Live Webinar
Wednesday, October 20, 2021
11:00 AM - 12:00 PM EDT

https://mailchi.mp/amvestcapital.com/join-excelsior-mining-corp-webinar-thursday-march-11-405-pm-est-americas-newest-copper-producer-10137566?e=cc78f5a0c7

OT: 2011-2012 - alternative investment opportunity. While some were investing in perceived cheap junior mining stocks and other equities, some were investing in certain coins representing denominations of bitcoin. Don't you wish you had invested $4900 in purchasing one of these "coins".

https://www.greatcollections.com/kb/Worlds-Most-Valuable-Numismatic-Item-the-48-Million-Gold-1000-Bitcoin-Physical-Coin-t433-4.html

I think he sent it just to confirm that Excelsior Mining was aware of the smelter shutdown and that it was having some effect on acid supply. How it would affect Excelsior Mining would need further checking. Keep in mind that Excelsior Mining has those relatively new acid storage tanks, so if they were pretty much full, a temporary disruption of acid supply from the Kennecott smelter (no further info on how long the smelter would be down) may not have any adverse effect on Excelsior Mining operations. Shawn said he was going to check, and hopefully, we'll hear something from the company regarding the situation.

We ought to hear soon from Excelsior Mining on the projected impact, if any, resulting from the Kennecott smelter temp shutdown.

Seems the smelter temp shutdown/stoppage of sulfuric acid shipments is impacting at least one company (Itafos):

https://www.stockwatch.com/News/Item/Z-C!IFOS-3146871/C/IFOS

That article sent to me by Shawn, fyi.

Rio Tinto temporarily shut down its Kennecott smelter. Will adversely affect acid supply. Rio Tinto already invoking Force Majeure on acid supply contracts. Not sure how much it will affect Excelsior Mining.

https://www.mining.com/web/rio-tinto-declares-force-majeure-on-some-copper-cathode-contracts-kennecott-smelter-shut/?utm_source=Copper_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=rio-tinto-declares-force-majeure-on-some-copper-cathode-contracts-kennecott-smelter-shut

I wish he'd announce that we'll get a meaningful progress (if such progress exists) by a date certain.

I fear the market (in general) will implode within a month.

Tweet of encouragement from Mark Morabito today.

@excelsiormining oversold due to market overreaction to mine commissioning schedule change. Full production is only delayed, NOT denied and a great interim strategy has been implemented for 25M lb plant capacity; Excelsior $MIN will be selling copper into robust #copper market. pic.twitter.com/myFvmCX3LA

— Mark Morabito (@mjmorabito) September 27, 2021

World Copper to acquire Cardero Resource Corp. and its copper oxide project in central AZ. Smaller scale acquisition, but good to see M&A interest in copper mining projects in AZ. Cross fingers for acquirer interest in Excelsior Mining project for good value.

https://www.mining.com/world-copper-signs-definitive-deal-to-acquire-zonia-project-in-arizona/

The problems the Resolution copper mine project is now facing has no adverse effect on Excelsior Mining. Longer term, if the Resolution mine project doesn't happen, that's a huge potential supply of copper that goes poof. The project was expected to start production in just over 10 years from now (after construction and ramp up), and was expected to produce 132,000 tons of copper per day. The mine was estimated to produce as much as 40 billion pounds of copper over 40 years.

So, you can imagine potential impact to longer term copper prices (due to loss of such a major copper supply) and to Rio Tinto's financial status, if the US puts the kabosh on the property exchange and essentially kills the mine project.

Whoa - House committee in Congress trying to block Rio Tinto's Resolution copper mine in AZ. The vagaries of politics. Apparently, the potential culturally affected Native American tribe (San Carlos Apache tribe, among others) have objected to the project. https://www.mining.com/web/us-house-committee-moves-to-block-rio-tintos-resolution-mine/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=us-house-committee-votes-to-block-rio-tintos-resolution-mine

I think you are right, LCP77. It smacks of "For sale" strategy, which is okay by me. Hope we hear rumors or news that some mid-tier is kicking the tires soon. Pretty sure it'll be a low ball offer, but certainly well above the current share price, as I don't see Greenstone agreeing to a fire sale price.

Appreciate your thoughts and views, AB, as always. With JJ's departure and Shawn taking over his duties for now, and with the new corporate presentation, it'd be a good time for Stephen to have another Webinar discussion.

These new initiatives may be the result of the reasons you stated. But, they may be a result of the recent/current/future projected high copper price. 5 years ago, the price of copper didn't warrant pursuing this initiatives. Maybe so, now.

Yeh, I'll have to check that one out. JJ seemed pretty excited about that venture. Hope the stock/company has some fizz ... just not the CO2 kind.

JJ Jennex Departure. I assume you all may have received an email from JJ announcing that he'll be leaving Excelsior Mining to join up with a friend on a silver mining project/deal in Mexico. Before anyone panics, JJ said: "I do believe that Excelsior will ultimately deliver on the promise of low-cost enviro-friendly copper production; however, I have been talking with a friend of mine for a long time about joining his precious metal deal in Mexico; they are very close to starting first silver production, so I really had to make this move now or I would miss it. Going forward, Shawn Westcott will continue to be available to you to answer your questions on Excelsior – he knows all – swestcott@excelsiormining.com"

I'll miss JJ -- he was always responsive in a timely manner, and willing to take questions and ensure you received a response. Response may not have been what you wanted to hear or read, but at least you got an answer or response.

fyi - the silver company he's joining is Guanajuato (Ticker: GSVR, not sure if that's the TSX symbol).

I wish we had some more insight on the "remedial" options they're trying (aside from the water flushing) to address the CO2 issue. I think their timeline for getting close to nameplate capacity copper production is stretching out further and further, which is discouraging to me.

No problems. Was surprised to see the filings posted on the SEDAR site late yesterday evening. Figured they would be posted early in the morning.

Link to SEDAR filings -- quarterly report and MD&A, filed/posted this evening (Aug 10). https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00025928

Will do.

Should be getting quarterly financial statement and MD&A sometime this week. Last year, it was on August 11.

They held about 5.4% of outstanding shares (I assumed fully diluted number of shares), which would be about 14.3 million shares. PG indicated that, per his sources at the company, Capital Group had already sold about 60% of their shares, which would equate to over 8.5 million shares sold as of that date.

Thanks much, PG, for the info. I think Capital Group owned just over 14.3 million shares (5.4% of 260 million shares fully diluted). So they've sold off at least 8.5 million shares to date.

One add to Douginil's summary:

Stephen said that Q2 copper production will be better (I believe he even emphasized "much better") than Q1 copper production of 185,000 lbs.

You're right, I shouldn't be flippant about the fire threat. Not much I can do, and I don't intend to sell shares until I hear there has been a significant (not just short, temporary) disruption to ongoing mining ops.''

Yes, I am more than certain that they have insurance to cover potential catastrophic loses to their infrastructure and business operations. No lender with credibility would lend millions of dollars to Excelsior Mining unless the company had adequate insurance.

You might want to wait pulling the sell trigger until you either hear something from JJ or from Stephen during Thursday's virtual conference presentation (surely someone will ask Stephen about the fire situation, or he'll bring it up on his own).

Hell, Excelsior Mining can just put the fire out with CO2. :)

Press Release. Twyerould will present update at PI Financial Corps "Copper Up" Virtual Conference on Thursday, June 24, at 1:00 pm Pacific. Have to register to hear the update/participate in the virtual conference.

Sounds as if it will be positive/upbeat, just based on the PR's description of the topics to be covered by Stephen.

Topics to be covered during the presentation will include:

- Operations Update.
- Confirmation of improving fluid flow rates as per the on-going wellfield optimization program.
- Discussion of the Gunnison Project's environmental attributes as they relate to ESG.

https://www.excelsiormining.com/news/news-2021/xcelsioriningtorovidepdateatinancialorpon20210622

Thor Mining PLC YouTube video explaining its ISR process -- they don't use a weak acidic solution

Thor Mining, PLC will be using ISR for its copper mine in South Australia.

https://www.londonstockexchange.com/news-article/THR/isr-explanatory-video/15011646

At least this won't happen at Excelsior Mining's project:

The thought within Excelsior Mining is that the primary seller of late is just about finished selling his position. I asked if it was a recent PP participant. Info I got back was no, it was a legacy shareholder.

Think First Cobalt (located in Canada, but has cobalt mine in Idaho) will be able to refine cobalt sulfate to battery grade cobalt in its recommissioned, already permitted cobalt refinery expected to be operational in October 2022.

Link to their website: https://www.firstcobalt.com/

Currently $.26 USD/share on OTCQX (market cap, fully diluted, is about $140 million USD).

Several recent articles re: events affecting copper prices


Strike at BHP’s Chile copper mines continue, no end in sight

https://www.mining.com/web/strike-at-bhps-chile-copper-mine-continues-no-end-in-sight/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=strike-at-bhps-chile-copper-mines-continue-no-end-in-sight


Shanghai copper price registers second monthly gain on Chile supply concerns

https://www.mining.com/shanghai-copper-price-registers-second-monthly-gain-on-chile-supply-concerns/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=shanghai-copper-price-registers-second-monthly-gain-on-chile-supply-concerns



DRC concentrate export ban may tighten global copper, cobalt supply

https://www.mining.com/drc-concentrate-export-ban-may-tighten-global-copper-cobalt-supply/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=drc-concentrate-export-ban-may-tighten-global-copper-cobalt-supply

Isn't that something? Glad to see such low volume overall at these ridiculously low share prices.