THE CRITICAL INVESTOR

Dear subscriber,

After experiencing an extended Vancouver week with no less than 5 different conferences, it's time to update on a number of sponsoring companies, as lots of companies usually come out with news around "show time". First up is Excelsior Mining, which closed a significant financing of US$30M and has been recently informed by EPA that the UIC permit could take a month or two longer by incorporating a public hearing in the process. This is a surprise to me as this was never indicated by management before, but I can imagine the EPA, even under pro mining Scott Pruitt, having a desire to create a situation of all stakeholders understanding each other as good as possible. As I explained earlier and briefly summarize again in this article, EPA itself already stated why Gunnison is eligible for the Aquifer Exemption, which is very important in order to receive the UIC permit, so I don't see any issues on technical grounds. Management remains very confident, so let's wait and see. Read more about it here:

Excelsior Mining Closes US$30M Financing, Secures Most Of Equity Part Of Capex, UIC Permit Process Takes Bit Longer

Regards,

The Critical Investor