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Highlights:
- All necessary permits obtained for copper production in Arizona.
- Anticipated first copper output in H1 2025.
- Partnership with Nuton LLC aims to revolutionize copper extraction technology.
Excelsior Mining Corp. (TSX:MIN) is poised to make significant strides in the copper market with the recent announcement of having secured all necessary permits to commence operations at its Johnson Camp Mine (JCM) in southeast Arizona. This development marks a pivotal moment for the company as it prepares to produce "Made in America" copper, a resource that promises to bolster domestic supply chains and meet the growing demand for sustainable metal sourcing.
The completion of the permitting process involved obtaining the amended Mined Land Reclamation Plan (MLRP), along with the recently approved Air Quality Permit (AQP) and Aquifer Protection Permit (APP). With these approvals in hand, Excelsior Mining is now ready to initiate production at the JCM, expected to begin in the first half of 2025.
Robert Winton, Senior Vice President of Operations and General Manager of Excelsior Mining, highlighted the significance of this milestone, stating, "This final permit is a key milestone bringing us one step closer to copper production at JCM." He emphasized the strategic partnership with Nuton LLC, a venture with Rio Tinto, which is essential for the innovative deployment of sulfide leaching technology. This technology, in combination with traditional oxide ore production methods, presents a unique opportunity for both companies and the broader copper industry.
The Johnson Camp Mine itself has a rich history as a past producing open pit, heap leach operation. The collaborative effort with Nuton LLC aims to restart the mine utilizing advanced technologies that could enhance copper recovery rates and overall efficiency. This approach aligns with the industry's ongoing shift towards sustainable mining practices and aims to minimize environmental impact while maximizing resource extraction.
In addition to its technological innovations, the JCM is equipped with robust infrastructure, including two open pits, a fully functioning SX-EW (Solvent Extraction and Electrowinning) plant, and all necessary facilities such as power, water, and communications. The plant has the capacity to produce approximately 25 million pounds of cathode copper per year, positioning Excelsior Mining as a significant player in the copper supply chain.
As the world transitions towards more sustainable energy solutions, the demand for copper is surging. This metal is a critical component in renewable energy technologies, electric vehicles, and various electronic devices. With the U.S. government emphasizing the importance of domestic sourcing, Excelsior Mining's operations at JCM will not only contribute to the national supply but also support local economies in Southeastern Arizona.
The anticipation surrounding the first copper production in 2025 reflects the broader optimism within the mining sector. As Excelsior Mining moves forward with its plans, the company is well-positioned to capitalize on the growing demand for copper and to provide a reliable source of this essential material for American industries.
In summary, Excelsior Mining Corp.'s successful acquisition of the necessary permits to commence operations at the Johnson Camp Mine represents a significant advancement in U.S. copper production, promising not only economic benefits but also a step towards more sustainable mining practices. With innovative technology and robust infrastructure, the company is set to play a vital role in the future of copper supply in America.
