Excelsior Mining ( (TSE:GCU) ) has provided an announcement.
Gunnison Copper Corp. and Nuton LLC, a Rio Tinto venture, have secured US$13.9 million in tax credits under the Qualifying Advanced Energy Project Credit Program to enhance copper production at the Johnson Camp Mine. This project, expected to produce up to 25 million pounds of copper annually starting mid-2025, is part of a broader effort to support clean energy and critical materials manufacturing in the U.S., aided by the Inflation Reduction Act of 2022. The initiative aims to bolster American industries and provide local employment opportunities while promoting sustainable energy practices.
More about Excelsior Mining
Gunnison Copper Corp. is a company engaged in the mining industry, focusing on copper production. The company is expanding its operations at the Johnson Camp Mine in Southern Arizona, with backing from Nuton LLC, a Rio Tinto venture, to increase domestic copper supply to various critical industries in the United States.
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Current Market Cap: C$61.51M
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