Hiru Corporation (HIRU) Additional $3 to $5 Million Cash Injection Directly Into HIRU for Immediate Mining Operations

Rhea-AI Summary

Hiru (OTC Pink: HIRU) announces a significant financial boost as CEO Sheikh Khalid Nasser Al Thani plans to inject an additional $3 to $5 million directly into the company. This investment aims to accelerate mining operations by enabling the purchase of essential equipment and resources. The CEO's decision will increase his stake ownership in the mine.

Sheikh Al Thani emphasized that the company is well-funded for mining operations, and this new cash infusion will expedite the start date of operations. The previously announced 5-year projection was based on current resources, but this additional funding is expected to significantly enhance the company's capabilities and timeline.

Hiru , headquartered in Toronto, Canada, focuses on copper and other essential metals mining. Its flagship operation, the Balfour Project, is located in north-western Tasmania, Australia.

Positive

• Additional $3 to $5 million investment from CEO
• Increased stake ownership by CEO in the company
• Accelerated timeline for mining operations
• Ability to purchase additional equipment and resources

Negative

• None.

CEO increasing stake ownership

Toronto, Ontario--(Newsfile Corp. - September 17, 2024) - Hiru Corporation (OTC Pink: HIRU) $HIRU www.otchiru.com, www.hirumining.com, Sheikh Khalid Nasser Al Thani, Member of the Royal Family of Qatar, Chairman & CEO of Hiru Corp. has decided to immediately start funding the co with another round of $3 to $5 million dollars thus increasing his stake ownership in the mine. The investment will be made directly into the company where the company will be able to purchase additional equipment and resources to speed up the development of the operations.

Sheikh Khalid Nasser Al Thani, Chairman & CEO stated "We repeat we are well funded to carry the mining operations. The 5-year projection was based on current resources available to the company. Obviously with this new cash infusion the company can acquire the equipment needed and start immediately speeding up the start date."

More updates will follow shortly.

About Hiru Corporation:

Hiru Corporation (OTC Pink: HIRU) is a mining company headquartered in Toronto, Canada, with a focus on copper and other essential metals. The company's flagship operation, the Balfour Project, is located in north-western Tasmania, Australia. Hiru is committed to ethical mining practices and is actively exploring new opportunities in resource-rich regions across the globe.

Disclaimer Regarding Forward-Looking Statements

Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions.  In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions.  Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.  We caution investors not to rely unduly on any forward-looking statements.

Contact:

Corporate Communications
Irina Veselinovic (Secretary)
Website: www.otchiru.com & www.hirumining.com
Phone: +1 954-228-1053
Email: corporate@otchiru.com
X: @HiruMining

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223593

FAQ

What is the amount of new investment announced by Hiru (HIRU)?

Hiru (HIRU) announced an additional investment of $3 to $5 million from CEO Sheikh Khalid Nasser Al Thani.

How will the new investment impact Hiru 's (HIRU) mining operations?

The investment will allow Hiru (HIRU) to purchase additional equipment and resources, speeding up the development and start date of mining operations.

Where is Hiru 's (HIRU) flagship mining project located?

Hiru 's (HIRU) flagship operation, the Balfour Project, is located in north-western Tasmania, Australia.

What is the main focus of Hiru 's (HIRU) mining operations?

Hiru (HIRU) focuses on mining copper and other essential metals.