VANCOUVER, BRITISH COLUMBIA - February 28, 2025 (NEWMEDIAWIRE) - GiantMining Corp. (CSE:BFG| OTC:BFGFF|FWB:YW5)("GiantMining"orthe"Company") is pleased to announce the company's ongoing commitment to strengthening the United States of America ("USA") domestic copper supply. The Company is advancing this initiative with the imminent launch of exploration and development drilling at its flagship Majuba Hill Copper-Silver-Gold Deposit in Nevada, USA.
"Our drilling program, adding to over 100+ previous drill holes and more than 80,000 feet of historical drilling at Majuba Hill, Nevada, underscores our commitment to establishing a secure and sustainable U.S. copper supply," said David Greenway, CEO of Giant Mining Corp. "With the America First strategy and looming tariffs, prioritizing domestic production is more critical than ever. Majuba Hill is poised to be part of the solution."
Threat to National Security from Imports of Copper
On February 25, 2025, President Donald Trump signed an executive order titled Addressing the Threat to National Security from Imports of Copper. The order directs the Department of Commerce, led by Secretary Howard Lutnick, to investigate potential tariffs on copper imports due to national security concerns. The U.S. currently imports approximately 45% of its copper from major suppliers including Canada, Mexico, Chile, and Peru. Despite domestic reserves in the ground, the U.S. lags in smelting and refining capacity, with over 50% of global smelting controlled by a single foreign producer.
The administration argues that reducing dependence on foreign copper is crucial for domestic manufacturing, infrastructure, and defense industries. This investigation could lead to trade restrictions aimed at boosting U.S. copper production and safeguarding supply chains. The move aligns with broader efforts to enhance American resource independence in critical minerals and strategic industries.
Section 2: Investigation Into the National Security Impact of Copper Imports
The Secretary of Commerce shall initiate an investigation under Section 232 of the Trade Expansion Act to assess the national security implications of copper imports in all forms. This includes, but is not limited to, raw mined copper, copper concentrates, refined copper, copper alloys, scrap copper, and derivative products. The investigation will evaluate the impact of these imports on domestic production capacity, supply chain security, and the broader economic and defense needs of the United States.
President Donald J. Trump from the Oval Office commented, "Like our Steel and Aluminum Industries, our Great American Copper Industry has been decimated by global actors attacking our domestic production. To build back our Copper Industry, I have requested my Secretary of Commerce, led by Commerce Secretary Howard Lutnick, and the U.S. Treasury to study Copper Imports and end Unfair Trade putting Americans out of work. Tariffs will help build back our American Copper Industry and strengthen our National Defense. American industries depend on copper, and it should be MADE IN AMERICANo exemptions, no exceptions! America First creates American jobs and protects our National Security. It's time for copper to come home."
Figure 1: Drilling Equipment at MHB-31 during 2024 drill campaign
Majuba Hill: A Strategic Copper-Silver-Gold Asset in the #1 Mining Jurisdiction
Nevada is the world's premier mining jurisdiction, known for its mining-friendly policies and strong infrastructure. Majuba Hill boasts significant copper-silver-gold mineralization with substantial exploration potential. The Company is set to begin an extensive drilling program to further define the deposit and accelerate its development.
Potential Copper Tariffs and the Need for Domestic Supply
The Trump administration's consideration of tariffs on copper imports highlights the necessity for a reliable U.S.-based copper supply. Currently, the U.S. imports large quantities of copper from South America and other regions. If tariffs are imposed, manufacturers and industries relying on copper could experience rising costs and supply chain disruptions.
By advancing Majuba Hill, Giant Mining aims to provide a domestic alternative that secures the U.S. copper supply, mitigates economic vulnerabilities, and enhances energy independence.
Copper's Role in Energy Independence and Infrastructure
Copper is a cornerstone of modern technology and essential for the transition to renewable energy. Renewable Energy: Copper is critical for wind turbines, solar panels, and battery storage systems. Electric Vehicles (EVs): EVs require up to four times the copper of conventional vehicles, driving demand. Electrical wiring, water systems, and transportation networks all rely on copper. Copper is indispensable to military, aerospace, and communications systems.
As the U.S. considers tariffs on imported copper, developing domestic deposits like Majuba Hill becomes increasingly critical. Giant Mining Corp. is leading the effort to secure a stable and independent copper supply, reinforcing America's infrastructure, energy transition, and national security. With drilling set to commence, the Company is taking decisive steps to unlock the full potential of this strategic U.S. asset.
Some of Majuba Hill's critically important characteristics are as follows:
Location: Nevada The #1 mining jurisdiction on the planet according to the Fraser Institute
Project Size: 9,684 Acres
Infrastructure: The Majuba Hill property is 113 road km (70 miles) southwest of Winnemucca, Nevada, and 251 km (156 miles) northeast of Reno. Access is by well-maintained county roads from the Imlay, Nevada exit on U.S. Interstate 80, and traveling westward 23 miles. People, Roads, Power and Water are the basic elements when considering infrastructure and Majuba Hill already has a solid infrastructure foundation for building a large facility which will provide significant savings compared to more remote projects.
History: Historical Producer
Drilling: 83,930 feet of drilling to date. Rough replacement value of drilling USD $10.9 Million in development costs.
Mineralization: The project shows indications of a potentially large Cu Ag +/- Au mineralized body with many features in common with both large porphyry copper, silver, and gold projects.
Expandability: The IP survey, deep drilling, and step-out drilling indicate significant expansion potential, with mineralization open in all directions.
Fully Financed: Secured funding for 2025 Drilling Campaign
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. "Buster" Hunsaker III, CPG 8137, a non-independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43- 101").
About Giant Mining Corp.
Giant Mining Corp. is focused on identifying, acquiring, and advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals. This demand is driven by initiatives like the Green New Deal in the United States and similar climate-focused programs worldwide, which require substantial amounts of copper, silver, and gold for electric vehicles, renewable energy infrastructure, and the modernization of clean and affordable energy systems.
The Company's flagship asset is the Majuba Hill Copper, Silver, and Gold District, located 156 miles (251 km) from Reno, Nevada. Majuba Hill is situated in a mining-friendly jurisdiction with supportive regulations and has the potential to become one of the next major copper deposits, critical for meeting the increasing need for this red metal.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
OnBehalfoftheBoardofGiantMiningCorp.
"David Greenway" David C. Greenway President & CEO
This news release contains certain forwardlooking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forwardlooking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forwardlooking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise.
