Copper Explorer Secures US$2.73 Million to Advance Key Projects

1. Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Giant Mining Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Giant Mining Corp. 
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Disclosures for the quotes from the Ron Struthers newsletter published on October 31, 2024

1. Giant Mining Corp. is a paid advertiser at Playstocks.net
2. All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has successfully completed the first tranche of its non-brokered private placement (NBPP), raising gross proceeds of US$2,565,000. This financing involved the issuance of 25.65 million units at a price of US$0.10 per unit. Each unit includes one common share and one transferable share purchase warrant. Warrants, exercisable at US$0.25 per share for 12 months, feature an acceleration clause, enabling the company to expedite warrant expiration under specified trading conditions.

The company also concluded a listed issuer financing exemption (LIFE) offering on December 19, issuing 1.37 million shares at US$0.12 each for gross proceeds of US$164,524.80. Combined, these efforts have raised US$2,729,524.80. The LIFE offering shares are not subject to statutory hold periods under Canadian securities laws, providing immediate liquidity to investors.

As per the news release, proceeds from these financings are earmarked for advancing Giant Mining's core drilling program, updating its NI 43-101 technical report, and general working capital. The company's Majuba Hill Copper Property in Nevada remains the central focus, with ongoing exploration and development aimed at tapping into the growing demand for copper driven by the electric vehicle (EV) industry and renewable energy infrastructure.

Insider participation accounted for 2.75 million units in the NBPP, with exemptions granted under Multilateral Instrument 61-101. Additionally, the company incurred cash finders' fees of US$60,800 and issued 608,000 non-transferable warrants to finders.

Mining and Metals Sector Overview

On December 10, Tim Treadgold reported in Forbes that copper prices hovered at approximately US$4.18 per pound, marking an 18% decline from the year's peak of US$5.10 per pound seven months earlier. The price trend suggested subdued economic growth, with Citigroup projecting an average 2025 price of US$3.97 per pound, a notable revision from its earlier forecast of US$4.65. Similarly, Macquarie adjusted its copper price estimates downward, citing slower demand growth of 2.4% annually and an anticipated modest surplus in the market.

The relationship between copper prices and macroeconomic factors remains intricate. As noted in the report, according to UBS, the commodity's outlook has weakened due to trade tensions between the U.S. and China and underwhelming economic stimulus measures from China. The bank noted that these factors, alongside slower demand, influenced its first-quarter 2025 forecast of US$4.25 per pound, with potential recovery anticipated later in the year.

On December 11, Maddie Stone of Canary Media emphasized copper's indispensable role in achieving global climate objectives. Citing Goldman Sachs, she highlighted the billions of tons of low-grade sulfide ores that could alleviate anticipated supply deficits. Emerging technologies, such as electrochemical reductive leaching and enhanced heap leaching, are poised to revolutionize copper extraction. Stone quoted Ceibo CEO Cristobal Undurraga, who stated, "It's not that the world is out of copper. It is, though, in a form… harder to extract using traditional processes."

The following day, on December 12, Finimize noted steady copper prices at US$9,192.50 per metric ton amid speculation surrounding China's upcoming policy decisions. The report underscored China's influence as a leading copper consumer, with property sector stabilization contributing to the metal's 7% price increase over the year. However, BNP Paribas anticipated a substantial refined copper surplus of 491,000 tons by 2025, forecasting price adjustments to US$9,020 per metric ton.

Strategic Advancements and Growth Drivers for Majuba Hill

Giant Mining's December 2024 investor presentation highlights its competitive positioning in the copper exploration sector. This is bolstered by the strategic location of its Majuba Hill property in Nevada. This jurisdiction provides access to infrastructure, mining expertise, and favorable regulatory conditions. The project benefits from an estimated exploration target of 50 to 100 million tonnes of copper material with grades ranging from 0.15% to 0.30%, according to an NI 43-101 technical report.

The company's ongoing 2024 drilling program, which includes both reverse circulation (RC) and diamond core drilling, has already yielded significant results, such as high-grade copper and silver mineralization in hole MHB-30. These outcomes are expected to bolster resource estimates and enhance the project's economic potential.

With copper's critical role in the EV and renewable energy sectors, Giant Mining is well-positioned to capitalize on increasing demand. Upcoming milestones include the completion of additional drilling campaigns, resource expansion efforts, and further updates to technical reports, which collectively aim to advance the Majuba Hill project toward production readiness

Third-Party Insights on Giant Mining

*On October 31, Ron Struthers, writing for a market newsletter, highlighted the promising results from Giant Mining's drilling programs at the Majuba Hill copper-silver deposit in Nevada. Struthers noted the strong mineralization identified in core hole MHB-30, which intersected 218.0 feet (66.4 meters) of 1.35% copper and 73.4 grams per tonne silver, including 74.0 feet (22.6 meters) of 2.6% copper and 30.1 grams per tonne silver. He stated that the results underscored the presence of a "strong mineralized system" and expressed optimism about upcoming drill results.

Struthers also observed that Giant Mining's current valuation appeared undervalued relative to its property potential, noting, "There are only 23.5 million shares outstanding, and at (US)18 cents, the valuation is only US$4.2 million. Ridiculously cheap for the property [Giant Mining] has." He suggested that the current market provided a favorable entry point for investors, predicting future upside as the company advances its exploration efforts.

These analyses reflect the growing interest and confidence in Giant Mining's projects, underpinned by robust resource potential and favorable drilling outcomes. The assessments highlight the company's strong position within the copper exploration sector, driven by its strategic focus and promising results.

Ownership and Share Structure

According to Giant Mining Corp., approximately 14.8% of its shares are held by insiders. The remaining shares are held by retail investors. 

Giant Mining Corp. has a market capitalization of approximately CA$12.08 million. 

The company's shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGFF, with these listings active since December 2017.