Excelsior is developing the Gunnison Copper Project, a low cost in-situ recovery copper project located within the copper porphyry belt of Arizona.
Source: www.excelsiormining.com
Excelsior Mining Corp, a mineral exploration and development company focused on advancing the fully-permitted Gunnison Copper Project in Cochise County, Arizona, recently announced the signing of an agreement with Triple Flag Mining Finance Bermuda Ltd. for a US$75 million project financing package. The agreement will consist of a US$65 million upfront copper metal stream by Triple Flag and a concurrent US$10 million private placement of common shares of Excelsion. This funding plan would cover all capital expenditures and working capital requirements related to the start-up of the Gunnison Copper Project.
