Latest news with #NevadaMiningAssociation
Yahoo
22-04-2025
- Business
- Yahoo
Giant Mining Corp. Joins Nevada Mining Association to Support U.S. Executive Order Boosting Domestic Mineral Production
VANCOUVER, BRITISH COLUMBIA - April 22, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) ("Giant Mining" or the "Company") is pleased to announce it has joined the Nevada Mining Association ("NVMA"), widely recognized as one of the top 10 mining organizations worldwide. This membership reflects the Company's ongoing commitment to responsible mineral development in Nevada and supports its efforts to advance domestic resource production in the United States. It also aligns with the recent Executive Order signed by President Donald J. Trump on March 20, 2025, directing . The Company's flagship Majuba Hill Copper-Silver-Gold Project, located in Pershing County, Nevada, stands to benefit from these national strategic priorities. Figure 1: The Company believes that membership in the Nevada Mining Association provides valuable access to industry insights, legislative developments, and strategic networking opportunities - tools that reinforce Giant Mining's commitment to operational excellence and environmental stewardship. This affiliation further underscores the Company's dedication to responsible mining practices, sustainable growth, and meaningful contributions to Nevada's mining communities and the broader resource sector. "Joining the Nevada Mining Association is an exciting step forward for Giant Mining Corp. It not only reinforces our commitment to responsible and sustainable mining but also connects us with a respected network of industry leaders who are shaping the future of mining in Nevada. Said Giant Mining, CEO, David Greenway "As we continue to advance the Majuba Hill Copper-Silver-Gold Deposit, being part of this Association will ensure we stay engaged with evolving regulatory standards and community priorities - both of which are essential to our long-term success." Click here to see Nevada Mining Association's logo About the Nevada Mining Association Founded in 1913, the Nevada Mining Association (NVMA) is the unified voice of Nevada's mining industry. Representing a wide range of companies involved in the exploration, production, and support of minerals vital to modern society, the NVMA advocates responsible mining practices, workforce development, and sustainable growth across the state. The Association engages in policy, education, and outreach initiatives that support its members and the communities in which they operate. With over a century of leadership, the NVMA continues to play a central role in strengthening Nevada's mining sector and promoting its importance to the state's economy and infrastructure. Click here to see The Majuba Hill Historical Mine Previously produced Click to see Majuba Hill's critically important characteristics are as follows: Location: Nevada, USA - a globally top-ranked mining jurisdiction, ranked #1 in the Fraser Institute's 2022 Annual Survey of Mining Companies. 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 $10.4 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. 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"). Market Awareness Furthermore, the company announces it has re-engaged Plutus Invest & Consulting GmbH ("Plutus") on April 17th, 2025 for an additional term of 2 months commencing on May 1st, 2025 in consideration for a total payment of EUR 160,000 to provide consulting services related to advertising, marketing, PR strategies and investor awareness in the European market. Plutus has a business address at Buchtstr. 13, Bremen 28195, Germany and can be contacted at (email: contact@ or by telephone: (+49 42117540174). Plutus (including its directors and officers) has an arm's-length relationship with the Company. The Company will not issue any securities to Plutus as compensation for its marketing services. 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 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 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. On Behalf of the Board of Giant Mining Corp. "David Greenway"David C. Greenway President & CEO For further information, please contact:E: info@ 1 (236) 788-0643 Instagram, Facebook, Twitter, LinkedInThis 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.
Yahoo
11-03-2025
- Business
- Yahoo
State ‘deemed' mine tax data confidential; mining backs bill to make data public again
The Cortez gold mine, one of Nevada biggest. (Photo: Nevada Gold Mines presentation to investors) For decades, data on gross and net revenues at individual Nevada mines — and the amount of taxes paid on those revenues — have been at the heart of state mining tax debates and legislation. And for decades, the data was publicly available. A state Department of Taxation webpage linked to years of the 'Net Proceeds of Minerals Bulletin,' as the annual report is called, for public perusal. Not anymore. Asked last week where on its website it had stashed NPOM bulletins, the Nevada Department of Taxation said via email it had determined the reports 'contained confidential taxpayer information that identified tax information for the respective mines' and so 'has been deemed confidential' under Nevada statute. Though asked repeatedly, the department, through its public information office, declined to say who specifically did the deeming, when, or by what process. Meanwhile, two Nevada Republican assemblymembers, Bert Gurr, who represents White Pine and parts of four other eastern Nevada counties, and Washoe County's Rich DeLong, are sponsoring Assembly Bill 277, which would reverse the department's decision. 'My understanding is that 'someone' in the Department of Taxation determined that the information was subject to the confidentiality provisions, since the data was not specifically exempted' from the state statute cited by the department, DeLong said via email. AB277 would explicitly exempt the data from the confidentiality statute, thus making it available to the public. The Nevada Mining Association supports the bill to make NPOM bulletins public again. 'We are asking for your support for AB 277, the net proceeds on minerals transparency bill,' Nevada Mining Association President Amanda Hilton mentioned while providing an overview of the industry to the Assembly Natural Resources Committee earlier this month. 'This is important to us because we want to make sure that we can continue to have transparency in disclosing to the public what the tax impacts are and what the tax contributions are for our industry,' Hilton said. Like DeLong, the association says it is at a loss as to why the Taxation Department deemed the reports confidential. 'The Nevada Mining Association does not have insight into why the Department of Taxation made this report confidential two years ago,' the group said in a statement Monday. Over the years, the industry and its defenders have pointed to the reports to underscore the millions of dollars they pay in taxes, and to show how expensive it can be to produce gold, copper, and other minerals. The reports also illustrate how declaring expenses reduces a mining operator's tax burden. That system of taxing mining has been singled out by the industry nationally on multiple occasions to argue to Congress that if any federal tax on gold and other 'hard rock' mineral production is ever implemented (none has been), it should be modeled after Nevada's mining tax. Proponents of higher state mining taxes have pointed to the gross and net revenues data in the annual NPOM reports to decry how the state allows the industry to substantially reduce the taxable value of gold and other minerals by deducting multiple expenses and paying taxes only on net proceeds. For instance, in any given year, several mines in Nevada deduct enough expenses from the gross value of production that those mines pay no net proceeds on mining taxes at all on hundreds of millions of dollars worth of minerals. AB277 was referred to the Assembly Revenue Committee. As of Tuesday morning no hearing has been scheduled for the bill.
