Advancing precious metal assets in British Columbia Ximen Mining Corp. Initiates First Phase Program With Energy Plug
Advancing precious metal assets in British Columbia
Ximen Mining Corp. Initiates
First Phase Program With
Energy Plug
June 11, 2024 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Vancouver, British Columbia--(June 11, 2024) - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA)
(OTCQB: XXMMF) (the “Company” or “Ximen”) is excited to announce the signing of its first
battery contract with Energy Plug to install a 20kWh Battery Energy Storage Systems (“BESS”) at
Ximen’s Kenville Gold Mine in Nelson, BC.
"When we decided to enhance our
clean energy efforts to support the
Kenville Gold Mine, choosing
Energy Plug was an obvious
decision," said Christopher R.
Anderson, President, CEO, and
Director of Ximen. "Energy Plug's
innovative technology will
seamlessly integrate into our
current infrastructure, offering
vital support to our energy systems
and significantly advancing our
progress towards achieving our
net-zero emissions goals."
Advancing precious metal assets in British Columbia
Earlier this year, Ximen entered into an agreement with Energy Plug for a comprehensive two -phase
program aimed at generating clean electricity for our Kenville Gold Mine. This initiative will focus on
harnessing renewable power sources, particularly solar and hydropower. In the first phase of this
program, Energy Plug will provide and support the installation of a solar power -connected 20kWh
Lithium-Iron Phosphate battery system. This system will play a crucial role in mitigating blackouts and
brownouts, significantly lowering ou r reliance on diesel, and advancing our commitment towards
achieving net-zero emissions.
The second phase of the energy program is expected to include the installation of a 100kWh BESS at
the Kenville Gold Mine. The BESS systems will be designed to accommodate high power consumption
equipment including compressors and ventilation systems. Once installed, the BESS system will allow
Ximen to store energy during off -peak hours and supply it back during peak load periods, increasing
the energy efficiency of the mine site, and reducing strain on the site’s grid system.
“Energy Plug is committed to helping organizations of all sizes tap into battery storage technologies to
support climate objectives and reduce energy costs,” said Broderick Gunning, Energy Plug President &
CEO. “We’re pleased to be working alongside Ximen to deliver a clean energy program that will
support its critical infrastructure and balance its energy supply with renewable energy sources,
validating the important role of BESS for sustainable energy.”
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is an energy technology company, dedicated to innovation and
sustainability. With a focus on assembling customized Lithium Iron Phosphate Battery packs, we cater
to a diverse range of residential, commercial, and industrial storage needs. Our goal is to advance battery
technologies to enhance energy management and grid resiliency. Based in British Columbia, we seek
to leverage strategic partnerships with local Indigenous communities, and the development of a
vertically integrated supply chain involving industry-leading companies in Taiwan to provide advanced
solutions to our customers and partners. For more information about Energy Plug, visit our website at
https://energyplug.com.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC.
Ximen’s two Gold projects are The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen
also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine.
Currently, the Treasure Mountain Silver Project is under an option agreement. The option partner is
making annual staged cash and stocks payments as well as funding the development of the project. The
company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which
comes with surface and underground rights, buildings and equipment.
Advancing precious metal assets in British Columbia
Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in
the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in
Germany under the symbol 1XMA and WKN with the number as A2JBKL.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations: 604-488-3900 [email protected]
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC.
Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also
owns the Treasure Mountain Silver Project adjacent to th e past producing Huldra Silver Mine.
Currently, the Treasure Mountain Silver Project is under a option agreement. The option partner is
making annual staged cash and stocks payments as well as funding the development of the project. The
company has also a cquired control of the Kenville Gold mine near Nelson British Columbia which
comes with surface and underground rights, buildings and equipment.
Advancing precious metal assets in British Columbia
This press release includes certain statements that may be deemed “forward-looking statements” within the meaning of Canadian
securities legislation. All statements in this release, other than statements of historical facts, that address future explor ation
drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Althoug h
the Company believes the expectations expressed in such forward -looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements
include exploitation and exploration successes, continued availability of financing, and general economic, market or business
conditions. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities
Administrators' Sy stem for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete
discussion of such risk factors and their potential effects.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall the re be any
sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release
Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900
Advancing precious metal assets in British Columbia