Media Center

Parsons Behle & Latimer Finalizes Deal Between Nebari and Excelsior Mining Corp. for Arizona’s Newest Copper Mine
November 11, 2019

Reno law firm Parsons Behle & Latimer finalized a transaction creating a $15 million Credit Facility between New York client Nebari Natural Resources Credit Fund I LP (Nebari) and Excelsior Mining Corp. (OTCQX: EXMGF) (Excelsior). The credit facility will provide Excelsior with additional security to move forward with its Arizona Gunnison Copper Project in Cochise County, Arizona –the most recent copper mine to be permitted in the state of Arizona.  

Parsons served as primary U.S. counsel on the transaction. Parsons attorneys Jim B. Butler, Rew R. Goodenow, Richard J. Angell, Justin T. Blair and Nora R. Pincus completed all due diligence and security documenting as well as advising on environmental law, title and permitting matters.

Parsons Reno Shareholder Rew Goodenow says, “We are fortunate to have assisted Nebari with several transactions over the years. They are a valued client. As a firm, we have devoted significant energy and resources to successfully representing clients in in all stages of the process in copper mining ventures. We look forward to continuing our momentum in this industry and in helping Nebari achieve its future goals.”

The Gunnison Copper Project is a low-cost, environmentally-friendly in-situ-recovery copper extraction project that is fully-permitted to 125 million pounds per year of copper cathode production.

Parsons Behle & Latimer was founded in 1882 in Carson City, Nev. and has served the Intermountain West mining community for the past 137 years. 


Practice Areas