Giant Mining Corp. Strengthens Commitment to USA Copper Supply Amid Potential Tariffs
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Press Release February 28, 2025
Giant Mining Corp. Strengthens Commitment to USA Copper
Supply Amid Potential Tariffs
VANCOUVER, BC — February 28, 2025 — Giant Mining Corp. (CSE: BFG | OTC:
BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the
company’s ongoing commitment to strengthening the United States of America (“USA”)
domestic copper supply. The Company is advancing this initiative with the imminent
launch of exploration and development drilling at its flagship Majuba Hill Copper-Silver-
Gold Deposit in Nevada, USA.
“Our drilling program, adding to over 100+ previous drill holes and more than 80,000 feet of
historical drilling at Majuba Hill, Nevada, underscores our commitment to establishing a secure and
sustainable U.S. copper supply,” said David Greenway, CEO of Giant Mining Corp. “With the America
First strategy and looming tariffs, prioritizing domestic production is more critical than ever. Majuba
Hill is poised to be part of the solution.”
Threat to National Security from Imports of Copper
On February 25, 2025, President Donald Trump signed an executive order titled Addressing the
Threat to National Security from Imports of Copper. The order directs the Department of
Commerce, led by Secretary Howard Lutnick, to investigate potential tariffs on copper imports due
to national security concerns. The U.S. currently imports approximately 45% of its copper from
major suppliers including Canada, Mexico, Chile, and Peru. Despite domestic reserves in the ground,
the U.S. lags in smelting and refining capacity, with over 50% of global smelting controlled by a
single foreign producer.
The administration argues that reducing dependence on foreign copper is crucial for domestic
manufacturing, infrastructure, and defense industries. This investigation could lead to trade
restrictions aimed at boosting U.S. copper production and safeguarding supply chains. The move
aligns with broader efforts to enhance American resource independence in critical minerals and
strategic industries.
Section 2: Investigation Into the National Security Impact of Copper Imports
The Secretary of Commerce shall initiate an investigation under Section 232 of the Trade Expansion
Act to assess the national security implications of copper imports in all forms. This includes, but is
not limited to, raw mined copper, copper concentrates, refined copper, copper alloys, scrap copper,
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and derivative products. The investigation will evaluate the impact of these imports on domestic
production capacity, supply chain security, and the broader economic and defense needs of the
United States.
For more information, see the Presidential Executive Order: Addressing the Threat to National
Security from Imports of Copper
President Donald J. Trump from the Oval Office commented, "Like our Steel and Aluminum
Industries, our Great American Copper Industry has been decimated by global actors attacking our
domestic production. To build back our Copper Industry, I have requested my Secretary of
Commerce, led by Commerce Secretary Howard Lutnick, and the U.S. Treasury to study Copper
Imports and end Unfair Trade putting Americans out of work. Tariffs will help build back our
American Copper Industry and strengthen our National Defense. American industries depend on
copper, and it should be MADE IN AMERICA—No exemptions, no exceptions! America First creates
American jobs and protects our National Security. It’s time for copper to come home.”
Figure 1: Drilling Equipment at MHB-31 during 2024 drill campaign
Majuba Hill: A Strategic Copper-Silver-Gold Asset in the #1 Mining Jurisdiction
Nevada is the world’s premier mining jurisdiction, known for its mining-friendly policies and strong
infrastructure. Majuba Hill boasts significant copper-silver-gold mineralization with substantial
exploration potential. The Company is set to begin an extensive drilling program to further define
the deposit and accelerate its development.
Potential Copper Tariffs and the Need for Domestic Supply
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The Trump administration’s consideration of tariffs on copper imports highlights the necessity for a
reliable U.S.-based copper supply. Currently, the U.S. imports large quantities of copper from South
America and other regions. If tariffs are imposed, manufacturers and industries relying on copper
could experience rising costs and supply chain disruptions.
By advancing Majuba Hill, Giant Mining aims to provide a domestic alternative that secures the U.S.
copper supply, mitigates economic vulnerabilities, and enhances energy independence.
Copper’s Role in Energy Independence and Infrastructure
Copper is a cornerstone of modern technology and essential for the transition to renewable energy.
Renewable Energy: Copper is critical for wind turbines, solar panels, and battery storage systems.
Electric Vehicles (EVs): EVs require up to four times the copper of conventional vehicles, driving
demand. Electrical wiring, water systems, and transportation networks all rely on copper. Copper is
indispensable to military, aerospace, and communications systems.
As the U.S. considers tariffs on imported copper, developing domestic deposits like Majuba Hill
becomes increasingly critical. Giant Mining Corp. is leading the effort to secure a stable and
independent copper supply, reinforcing America’s infrastructure, energy transition, and national
security. With drilling set to commence, the Company is taking decisive steps to unlock the full
potential of this strategic U.S. asset.
Some of Majuba Hill’s critically important characteristics are as follows:
Figure 2. Drilling Equipment on Site during previous drill campaigns
Location: Nevada – The #1 mining jurisdiction on the planet according to the Fraser
Institute
Project Size: 9,684 Acres
Infrastructure: The Majuba Hill property is 113 road km (70 miles) southwest of
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Winnemucca, Nevada, and 251 km (156 miles) northeast of Reno. Access
is by well-maintained county roads from the Imlay, Nevada exit on U.S.
Interstate 80, and traveling westward 23 miles. People, Roads, Power and
Water are the basic elements when considering infrastructure and Majuba
Hill already has a solid infrastructure foundation for building a large facility
which will provide significant savings compared to more remote projects.
History: Historical Producer
Drilling: 83,930 feet of drilling to date. Rough replacement value of drilling USD
$10.9 Million in development costs.
Mineralization: The project shows indications of a potentially large Cu – Ag +/- Au
mineralized body with many features in common with both large porphyry
copper, silver, and gold projects.
Expandability: The IP survey, deep drilling, and step-out drilling indicate significant
expansion potential, with mineralization open in all directions.
Fully Financed: Secured funding for 2025 Drilling Campaign
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who is
a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of
Disclosure for Mineral Projects (“NI 43- 101”).
About Giant Mining Corp.
Giant Mining Corp. is focused on identifying, acquiring, and advancing late-stage copper and
copper/silver/gold projects to meet the growing global demand for critical metals. This demand is
driven by initiatives like the Green New Deal in the United States and similar climate-focused
programs worldwide, which require substantial amounts of copper, silver, and gold for electric
vehicles, renewable energy infrastructure, and the modernization of clean and affordable energy
systems.
The Company’s flagship asset is the Majuba Hill Copper, Silver, and Gold District, located 156 miles
(251 km) from Reno, Nevada. Majuba Hill is situated in a mining-friendly jurisdiction with supportive
regulations and has the potential to become one of the next major copper deposits, critical for
meeting the increasing need for this red metal.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
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For further information, please contact:
P: 1 (236) 788-0643
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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Forward-Looking Statements
This news release contains certain forward-looking information. Such information
involves known and unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially different from those
implied by statements herein, and therefore these statements should not be read as
guarantees of future performance or results. All forward-looking statements are based
on the Company’s current beliefs as well as assumptions made by and information
currently available to it as well as other factors. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date of
this press release. Due to risks and uncertainties, including the risks and uncertainties
identified by the Company in its public securities filings, actual events may differ
materially from current expectations. The Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
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