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

Executive Summary

• Giant Mining Corp. welcomes U.S. Presidential Proclamation 11001 (Section 232) that designates copper as a strategic metal critical to national security and domestic manufacturing.
• The company asserts that the proclamation strengthens the long‑term fundamentals for its Majuba Hill copper‑silver‑gold project in Nevada, potentially improving permitting certainty, investment interest, and partnership opportunities.
• No new financing, M&A, or operational actions are announced; the release is a strategic commentary linking existing project attributes to emerging U.S. policy.

Key Details

• Proclamation 11001 (issued Jan 14 2026) aims to secure reliable supply chains for processed critical minerals entering the United States under Section 232 of the Trade Expansion Act of 1962.
• Giant Mining’s CEO David Greenway emphasizes copper’s role in defense, AI infrastructure, electrification, and advanced weapons systems, positioning Majuba Hill as a domestic source aligned with U.S. policy goals.
• Majuba Hill Project Highlights
• Location: Nevada, USA – top‑ranked mining jurisdiction (Fraser Institute #1, 2022).
• Size: 9,684 acres; accessible via well‑maintained county roads near Winnemucca and Reno.
• History: Historical producer with ~89,395 ft of drilling to date (≈ US$12.1 M rough replacement value).
• Mineralization: Indications of a large Cu–Ag±Au system; expansion potential open in all directions.
• Infrastructure: Existing road, power, and water access provide cost‑saving advantages versus more remote projects.
• The company states it is fully financed for the next phase of drilling at Majuba Hill (no specific financing terms disclosed).
• Qualified Person: E.L. “Buster” Hunsaker III, CPG 8137, reviewed and approved technical information per NI 43‑101.

Notable Quotes

“Copper has become a foundational material for the U.S. defense‑industrial base—it is essential to national security, military readiness, electrification, advanced weapons systems, AI infrastructure, and America’s long‑term economic strength.” – David Greenway, President & CEO, Giant Mining Corp.

Materiality Assessment: Non‑Material – Neutral – The release provides strategic context but does not disclose new financial transactions, operational milestones, or material performance data.