Giant Mining Corp. Comments on U.S. Section 232 Proclamation Strengthening Domestic Copper and Critical Mineral Supply Chains

Core Viewpoint - Giant Mining Corp. welcomes U.S. Presidential Proclamation 11001, which aims to strengthen supply chains for processed critical minerals, particularly copper, essential for national security and economic strength [1][2]. Group 1: Strategic Importance of Copper - Copper is identified as a foundational material for the U.S. defense-industrial base, crucial for national security, military readiness, and advanced technologies [2]. - The U.S. government's emphasis on securing reliable, American-sourced copper supply chains aims to reduce foreign dependence and support the Pentagon's demand for critical minerals [2][9]. Group 2: Majuba Hill Project Overview - Majuba Hill, located in Nevada, is positioned within a top-ranked mining jurisdiction and aligns with the objectives of Proclamation 11001 [4][6]. - The project covers 9,684 acres and is strategically located near existing infrastructure, which provides cost advantages [6]. - Historical production and extensive drilling (approximately 89,395 feet) indicate significant mineralization potential, with a rough replacement value of drilling at USD 12.1 million [6][8]. Group 3: Market and Regulatory Context - The Section 232 investigation revealed the U.S. reliance on foreign sources for critical minerals, prompting the need for enhanced domestic and allied supply chains [2][9]. - The proclamation supports the development of downstream processing capacity and integrated North American copper supply solutions, which are vital for U.S. manufacturing and defense readiness [9]. Group 4: Company Focus and Future Outlook - Giant Mining Corp. is dedicated to advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals driven by climate-focused initiatives [7][8]. - The company has secured funding for the next phase of drilling at Majuba Hill, indicating a commitment to further exploration and development [6].