Thursday, September 29, 2016 12:39:45 PM
I am happy to share today’s excellent news from Excelsior Mining Corp.
The company has announced US$14.0 million total gross proceed financing with Greenstone Resources. The equity portion of the financing is to be done at a significant premium to the market at CDN$0.45 with no warrant for gross proceeds of US$10.0 million. In addition, a sale of a 1% gross revenue royalty on the Gunnison Copper for gross proceeds of US$4.0 million.
As it mentions below in the full News Release, “Upon closing, Excelsior would be fully funded through to a decision to construct and the expected completion of the permitting process. Receipt of final operating permits is expected in Q2, 2017. Construction is scheduled to begin in Q3 of 2017, with commercial production anticipated in 2018.”
Excelsior’s Gunnison copper project has an ultra-low cost (70 cent/lb USD. Cu direct cost, $1.24/lb USD all in sustaining cost) and ultra-low capex ($45.9 million USD
^^^
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM