Toronto, Ontario--(Newsfile Corp. - September 13, 2024) - Hiru Corporation (OTC Pink: HIRU) www.otchiru.com, www.hirumining.com has reinforced its commitment to environmental sustainability and community engagement as it begins development of the Balfour Project in Western Tasmania. This follows the company's recent agreement with Zebs Minerals Pty Limited and D & B Mining Pty Limited, which grants Hiru Corporation (OTC Pink: HIRU) exclusive mining concession rights in the region.
As part of this agreement, Hiru Corporation (OTC Pink: HIRU) will ensure full compliance with Tasmania's environmental laws throughout the project's lifecycle. The company will also actively engage with local communities to ensure their interests are represented, and it will prioritize the rehabilitation of the mining area after operations are completed.
"The Balfour Project is not only an opportunity to extract valuable mineral resources but also a chance for Hiru Corporation (OTC Pink: HIRU) to demonstrate its commitment to environmental responsibility and social impact," said CEO of Hiru Corporation (OTC Pink: HIRU). "We are dedicated to balancing economic growth with sustainability and community well-being."
The estimated value of in-situ copper at the Balfour Project ranges between A$191.5 million and A$446.7 million (approximately US$124.5 million to US$290.4 million), reflecting significant potential returns that will benefit the local economy while preserving the environmental integrity of the region.
More updates will follow shortly.
About Hiru Corporation:
Hiru Corporation (OTC Pink: HIRU) is a mining company headquartered in Toronto, Canada, with a focus on copper and other essential metals. The company's flagship operation, the Balfour Project, is located in north-western Tasmania, Australia. Hiru is committed to ethical mining practices and is actively exploring new opportunities in resource-rich regions across the globe.
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Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects," "forecasts," and future or conditional verbs such as "will," "may," "could," "should," and "would," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.
Contact:
Corporate Communications
Irina Veselinovic (Secretary)
Website: www.otchiru.com & www.hirumining.com
Phone: +1 954-228-1053
Email: corporate@otchiru.com
X: @HiruMining
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223202
SOURCE: Hiru Corporation
