Giant Mining Corp. applauds the White House’s proclamation, “Regulatory Relief for Certain Stationary Sources to Promote American Mineral Security,” [1] which grants temporary regulatory relief to designated U.S. copper smelting facilities to safeguard domestic mineral supply under national-security authorities.
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[1] Source: Regulatory Relief for Certain Stationary Sources to Promote American Mineral Security – The White House
The action extends compliance timelines by two years for specific stationary sources, helping preserve critical U.S. copper processing capacity during a period of rising strategic demand.
“Friday’s decision makes one thing clear: American copper matters. It’s a constructive step to strengthen America’s critical-mineral supply chains while upholding responsible environmental stewardship. Giant Mining supports smart policy that advances domestic copper supply responsibly. We believe exploration and development go hand in hand with sustainability, and we fully support initiatives that strengthen America’s ability to secure essential metals like copper in an environmentally responsible way.”
David Greenway, Chief Executive Officer, Giant Mining Corp.
The White House emphasized that the proclamation is aimed at bolstering American mineral security and reducing reliance on foreign processing, particularly by avoiding near-term disruptions at named U.S. smelters while maintaining environmental oversight. Independent reporting identifies at least one U.S. primary copper smelter among the facilities receiving relief.
The Company recognizes that responsible resource development is essential to ensuring long-term U.S. mineral independence. Giant Mining remains committed to applying best practices in exploration and environmental management as it advances its Majuba Hill Copper-Silver-Gold Project in Nevada, one of the most mining-friendly and environmentally regulated jurisdictions in the world.
[2] Trump reverses Biden-era rules on copper smelters | Reuters
Majuba Hill’s critically important characteristics are as follows:
Location:
Nevada, USA — a globally top-ranked mining jurisdiction, ranked #1 in the Fraser Institute’s 2022 Annual Survey of Mining Companies.
Project Size:
9,684 Acres
Infrastructure:
The Majuba Hill property is 113 road km (70 miles) southwest of 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:
Approximately 89,395 feet of drilling to date. Rough replacement value of drilling USD $12.1 Million using current 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 next phase of drilling at Majuba Hill
About Giant Mining Corp.
Giant Mining 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 ~155 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
Forward-Looking Statements
This news release contains forward-looking information, such as statements related to the closing of the ATM Offering, receipt and approval for the ATM Offering, including the approval of the CSE, the use of proceeds, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the Company’s strategy, projects or plans could cause actual results to differ materially from the Company’s expectations as disclosed in the Company’s documents filed from time to time on SEDAR+ (see www.sedarplus.ca). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
