Excelsior Mining (TSE:MIN) has released an update.
Excelsior Mining Corp. partners with Rio Tinto venture Nuton to advance to Stage 2 of their Option Agreement at the Johnson Camp mine, involving a US$5 million payment from Nuton for infrastructure use and the funding of all Stage 2 costs. The collaboration aims to demonstrate Nuton’s advanced copper heap leaching technologies at an industrial scale, which could potentially lead to full-scale commercial production of environmentally beneficial copper. Successful completion of Stage 2 may set the stage for a joint venture to further develop the mine with Nuton technologies.
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