Hiru Corp Stock Price, News & Analysis

HIRU (OTC Pink: HIRU) has announced a Feasibility Scoping Study for its Balfour Copper Project in northwestern Tasmania, Australia. The study outlines a 10-year initial plan to process 500,000 tonnes of ore annually, producing 50,000 tonnes of copper concentrate. The project's pre-production capital is estimated at USD $78 million, including $60 million for infrastructure and $18 million for initial operational expenses.

The project is expected to generate positive cash flow in Year 1, with projected revenues of USD $33.80 million, growing to USD $42.81 million by Year 10. The Balfour Project has significant expansion potential beyond the initial plan, with 110 known deposits along the 70-kilometer tenement strike. The project benefits from existing infrastructure in Tasmania and offers potential for additional revenue from gold and silver by-products.

HIRU (OTC Pink: HIRU) has completed a preliminary feasibility scoping study for its Balfour Copper Project in northwestern Tasmania, Australia. The study outlines a 10-year Life of Mine (LOM) scenario, projecting to treat 500,000 tonnes of ore annually with a grade of 1.5% copper, yielding approximately 50,000 tonnes of copper concentrate per year.

Key financial projections include:

• Year 1 metal revenue: USD $73.47 million
• Year 10 metal revenue: USD $93.07 million
• Year 1 net revenue: USD $33.80 million
• Year 10 net revenue: USD $42.81 million

The study highlights the project's scalability and financial robustness, with extensive exploration opportunities along a 70-kilometer strike. The presence of gold and silver as by-products offers potential for diversified revenue streams.

HIRU (OTC Pink: HIRU) has released a comprehensive research report titled "How Copper Mining Companies Earn Money During the Exploration Stage" on OTC Markets. The report explores the critical role of copper in the global economy and provides insights into the industry's growth potential, market size, and future outlook.

Key topics covered in the report include:

• Global Copper Demand: Examining current market trends and projections, highlighting copper's importance in technological advancements and industrial growth.
• Revenue Generation in the Exploration Stage: An in-depth look at how copper mining companies can monetize their exploration efforts through strategic partnerships, resource estimates, and investor relations.
• Future Market Outlook: Offering perspectives on the copper industry's future.

The report emphasizes copper's essential role in infrastructure development, renewable energy, and electric vehicles, making it a highly sought-after commodity.

Hiru (OTC Pink: HIRU) has appointed Mr. Geoffrey Summers as an independent advisor to its board of directors. Mr. Summers, a 9th generation Tasmanian and 426th member of the First Fleet Society, brings significant mining experience to HIRU. Over the past decade, his companies have been the largest holder of mineral tenements in Tasmania, at times controlling more than half of the state's mineral tenements by area and number.

Mr. Summers' family has a long history in the Tasmanian mining industry, dating back over 100 years. His involvement in the Balfour Project, HIRU's flagship copper operation in north-western Tasmania, is expected to bring valuable expertise and local knowledge to the company's operations. Hiru is a mining company headquartered in Toronto, Canada, focusing on copper and other essential metals, with a commitment to ethical mining practices.

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.

Hiru (OTC Pink: HIRU) has reinforced its commitment to environmental sustainability and community engagement as it begins development of the Balfour Project in Western Tasmania. This follows the company's recent agreement granting exclusive mining concession rights in the region. Hiru will ensure full compliance with Tasmania's environmental laws and actively engage with local communities.

The company will prioritize the rehabilitation of the mining area after operations are completed. The estimated value of in-situ copper at the Balfour Project ranges between A$191.5 million and A$446.7 million (approximately US$124.5 million to US$290.4 million), reflecting significant potential returns that will benefit the local economy while preserving the environmental integrity of the region.

Hiru (OTC Pink: HIRU) has announced a significant development in its mining operations. The company has signed an agreement with Zebs Minerals Pty and D & B Mining Pty to fund and manage exploration and mining operations at the Balfour Project in Western Tasmania. HIRU has exclusive rights to explore, develop, and exploit mineral resources in the concession area, with an expected exploration phase of five years followed by exploitation activities.

Key aspects of the agreement include:

• HIRU will make royalty payments of 2.5% of annual mine profits to Zebs Minerals or D & B Mining
• HIRU will cover all tax obligations related to the project, except corporate income tax
• The company has secured funding through a complex financial arrangement described as an off-market traditional PIPE with a credit derivative swap

HIRU's Chairman, Sheikh Khalid Nasser Al Thani, emphasized the company's commitment to developing the Balfour Project in a financially sustainable and efficient manner.

Hiru (OTC Pink: HIRU) has secured a 50-year mining concession for the Balfour Project in Western Tasmania, Australia. The agreement, signed with Zebs Minerals Pty and D & B Mining Pty , includes an option to extend for an additional 50 years. This landmark deal allows HIRU to explore, develop, and exploit substantial copper resources in the region.

The concession can be extended on a rolling 12-month basis, ensuring operational continuity. HIRU views this as a key milestone in its growth strategy, positioning the company to contribute to the global copper supply chain. The agreement is governed by Tasmanian law, ensuring compliance with local regulations.

HIRU also addressed shareholder inquiries, clarifying that individuals with similar names to company officers who have had legal issues are not associated with Hiru

Hiru (OTC: HIRU) has announced key updates to its business operations and management:

• Updated OTC Markets profile with new management and business description
• Launched new website www.hirumining.com showcasing the Balfour Copper Mine Project in Tasmania, Australia
• Recent research indicates potential for large-scale copper-cobalt deposits in the region
• Australia's copper production expected to rise until 2028-29
• Copper industry revenue growing at 3.5% CAGR, reaching estimated $9.6bn in 2024
• Company seeking new opportunities in resource-rich regions worldwide

CEO Khalid Nasser A.S. Al-Thani expressed confidence in the Balfour Project's potential to contribute significantly to the global supply of copper and other essential metals.