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Excelsior Mining ( (TSE:GCU) ) has shared an announcement.
Gunnison Copper Corp. has entered a non-binding Letter of Intent with Lunasonde Inc., a U.S.-based defense technology start-up, to test Lunasonde’s advanced remote sensing technology on Gunnison’s land in Arizona’s Cochise Mining District. This collaboration aims to accelerate the identification of new copper, critical minerals, and rare earth elements, potentially enhancing Gunnison’s exploration capabilities and industry positioning. The partnership also seeks funding from the U.S. Department of Energy’s ROCKS Program, highlighting the strategic importance of this venture for both companies.
More about Excelsior Mining
Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer, primarily focused on the Cochise Mining District in the Southern Arizona Copper Belt. The company controls 12 known deposits within an 8 km economic radius, with its flagship asset being the Gunnison Copper Project. This project is developed as a conventional operation with open pit mining, heap leach, and SX/EW refinery to produce finished copper cathode on-site. Gunnison also operates the Johnson Camp Asset, which is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually.
Average Trading Volume: 722,533
Technical Sentiment Signal: Buy
Current Market Cap: C$101.2M
See more insights into GCU stock on TipRanks’ Stock Analysis page.