Elim Mining Changes Name to Become Arizona Sonoran Copper Company
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Arizona Sonoran Copper Company (ASCU) an emerging private U.S.-based copper developer and producer, has changed its name from Elim Mining Incorporated. The driving focus of ASCU continues to be the development of the Cactus Mine on private land in Pinal County, Arizona.
“ASCU is setting itself up to be a well-advanced mid-tier copper developer, with a heap-leach copper asset on private land in the U.S. The project already benefits from significant infrastructure already in place and has obtained a number of key permits,” said George Ogilvie, Arizona Sonoran president and CEO.
“The new name of the company is designed to better reflect both our vision and our geographic focus. Regarding the share consolidation, we believe it positions the company with an optimal share structure, especially when compared to its developer peers, and ensures greater share discipline for future development and construction financing for the Cactus Mine. This is only the latest in a series of exciting announcements as we continue to develop both the mine and the company,” added Ogilvie.
About Arizona Sonoran Copper Company
Arizona Sonoran Copper Company (ASCU) objective is to become a mid-tier copper producer in the medium term with low operating costs, develop a project generating robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The company’s principal asset is a 100 percent interest in the Cactus Project (former ASARCO, Sacaton mine) and is situated on private land in an infrastructure-rich area of Arizona. The company is managed by mining executives with extensive experience in mine operations and business, and that have a track record of strategically launching, operating, and leading multi-million-dollar mining organizations.
To stop by Arizona Sonoran’s website, CLICK HERE
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