Excelsior Mining Provides Update on Current ESG Initiatives
NEWS RELEASE
Excelsior Mining Provides Update on Current ESG Initiatives
November 9th, 2021
Excelsior Mining Corp. (TSX: MIN) (OTCQX: EXMGF) (FSE: 3XS) ("Excelsior" or the “Company”)
announces the details of its ESG (Environmental, Social, Governance) initiatives demonstrating the
Company’s commitment to these matters. As shown in the table below, copper is a key mineral required
across almost all new green energy technologies:
Source: Bloomberg
Excelsior’s goal is to support the green mining revolution by providing “green copper” that is mined in an
environmentally friendly and socially responsible manner. The Company’s ESG strategy will reinforce the
following goals and initiatives the Company currently holds in high regard:
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Environment
The Gunnison Copper Project is the world’s most environmentally friendly base metal mining
project.
In-situ copper mining recycles water. As a result, the project consumes less water, and overall
water consumption is negligible compared to other conventional mining operations.
During operations, the in-situ mine does not generate any significant dust, air, or noise pollution.
Excelsior’s carbon emissions are insignificant compared to most industries.
Excelsior’s mine closure plan for Gunnison combines industry leading sustainability and
environmental stewardship. In-situ mining does not permanently scar the natural landscape; once
mining operations cease, the land can be repurposed for any use going forward.
There is no possibility of acid mine drainage or other residual effects often attributed to traditional
mining methods.
Social
Gunnison’s environmental attributes are a key reason the project has enjoyed strong community
support from inception.
Excelsior has been engaging with local communities for over a decade, and has made effective
employee health & safety protocols, consistent community engagement, and genuine
transparency with local stakeholders’ key priorities.
Excelsior participates in community support through its donations of money, people and materials
to assist local community groups.
Excelsior is a member of the Southeast Arizona Economic Development Group (SAEDG) which
promotes economic development in the region.
Excelsior’s social and environmental license to operate is further confirmed by an almost
unprecedented settlement agreement that was reached with a number of environmental activist
groups.
Governance
Excelsior has recently completed a reorganization of its corporate governance structure by completing
the following:
Appointed Fred DuVal as Independent Chair of the Board of Directors. Mr. DuVal is a prominent
Arizona businessman and education leader with extensive experience in both the private and
public sector at both the state and federal level. Mr. DuVal was the Democratic nominee for
Governor of Arizona in 2014 and served as Chairman of the Arizona Board of Regents and on
the Arizona Commerce Commission. Mr. DuVal was Chief of Protocol of the United States,
Assistant to President Clinton in the White House and responsible for all Governors and state
issues.
Restructured its Compensation Committee, Corporate Governance and Nominating Committee
to consist entirely of independent directors.
Chair of the Company, Fred DuVal comments, "I am excited to take on the role of Chair of the Company
at a critical time in its development. Excelsior presents a unique opportunity with an environmentally
friendly in-situ mine that produces copper to support clean energy technologies. In addition, on behalf of
the Board I want to express to Mark our gratitude for his eleven years of service as Chair of this Board.
Mark has been a strong leader who brought a vast array of skills to the task - business and legal
experience, financial acumen and capital raising - that has enabled Excelsior to evolve from the
exploration stage through project development to a producer poised for great success in 2022 and
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beyond. Mark, we wouldn’t be here without you, and we are grateful for your commitment, your leadership
and your friendship. Mark will continue as a Board member supporting key initiatives.”
About Excelsior Mining
Excelsior “The Copper Solution Company ” is a mineral exploration and production company that owns
and operates the Gunnison Copper Project in Cochise County, Arizona. The project is a low cost,
environmentally friendly in-situ recovery copper extraction project that is permitted to 125 million pounds
per year of copper cathode production. Excelsior also owns the past producing Johnson Camp Mine and
a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits.
Excelsior’s technical work on the Gunnison Copper Project is supervised by Stephen Twyerould, Fellow
of AUSIMM, President & CEO of Excelsior and a Qualified Person as defined by National Instrument 43-
101. Mr. Twyerould has reviewed and approved the technical information contained in this news release
related to the Gunnison Copper Project and underlying sampling, analytical and test data.
For more information on Excelsior, please visit our website at www.excelsiormining.com.
For further information regarding this press release, please contact:
Excelsior Mining Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018.
Shawn Westcott
T: 604.365.6681
www.excelsiormining.com
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may
occur in the future. Forward looking information contained in this news release includes, but is not limited to,
statements with respect to: (i) the future development plans for the Gunnison Project and its status as a low cost
environmentally friendly in-situ recovery copper extraction project;(ii) future production of copper from the Gunnison
Project; and (iii) the details of the Company’s ESG initiatives and strategy.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or
"does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could",
"would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans,
objectives, assumptions, intentions or statements about future events or performance. Forward-looking information
contained in this news release is based on certain factors and assumptions regarding, among other things, the
estimation of mineral resources and mineral reserves, the realization of resource and reserve estimates,
expectations and anticipated impact of the COVID-19 outbreak, copper and other metal prices, the timing and
amount of future development expenditures, the estimation of initial and sustaining capital requirements, the
estimation of labour and operating costs (including the price of acid), the availability of labour, material and acid
supply, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance
coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and
other similar matters. While the Company considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking information. Such factors include risks
inherent in the construction and operation of mineral deposits, including risks relating to changes in project
parameters as plans continue to be redefined including the possibility that mining operations may not be sustained
at the Gunnison Copper Project, risks relating to variations in mineral resources and reserves, grade or recovery
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rates, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity
prices and the worldwide demand for and supply of copper and related products, risks related to increased
competition in the market for copper and related products, risks related to current global financial conditions, risks
related to current global financial conditions and the impact of COVID-19 on the Company’s business, uncertainties
inherent in the estimation of mineral resources, access and supply risks, risks related to the ability to access acid
supply on commercially reasonable terms, reliance on key personnel, operational risks inherent in the conduct of
mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the
risk of delays or increased costs that might be encountered during the construction or mining process, regulatory
risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and
liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the
additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian
securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results
to differ materially from those described in forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place
undue reliance on forward-looking information. The forward-looking information is made as of the date of this news
release. Except as required by applicable securities laws, the Company does not undertake any obligation to
publicly update or revise any forward-looking information.