Gunnison Copper – Nuton (fka Excelsior-Nuton) (48C Self-Disclosed)

Gunnison Copper - Nuton is a partnership comprised of Gunnison Copper Corp. fka Excelsior Mining Arizona, Inc. (?Gunnison Copper?), and Nuton LLC (?Nuton?), a Rio Tinto technology venture. Both Gunnison and Rio Tinto have historically focused on copper extraction and production, investing in developing more sustainable practices. Gunnison Copper will undertake operations at the Johnson Camp Mine in Arizona using the Nuton Technologies to recover hard to extract primary sulfide ore. Expanding existing facilities, the Project will produce 99.999% pure, Grade A copper cathode, which is ready for domestic manufacturers. The Nuton Technologies produce a low-impact copper cathode compared to conventional technologies.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.