Solidus Resources, LLC Receives Letter of Interest for up to $835 Million in Financing from Export-Import Bank of the United States for Nevada's Spring Valley Project
Isser Elishis, Chairman and CEO of Waterton Mining (100% owner of Solidus) commented, 'The Spring Valley Project will be Nevada's next long-life heap leach gold mine. The significance of this transaction will be far-reaching, boosting domestic non-fuel mineral production, creating thousands of high-paying jobs, increasing significantly both local wages and tax revenues, and enhancing U.S. mining competitiveness.'
He added, 'The Spring Valley application is a major gold critical mineral project under financing consideration by the Export-Import Bank of the United States under the recent Executive Orders on domestic mineral production and industrial reinvigoration. As such, it positions EXIM to lead in deploying federal capital through both its Make More in America initiative and its China and Transformational Exports Program and, at the same time, support the onshoring of strategic mineral production, encouraging U.S.-based sourcing of mining technology, and boosting exports of American-manufactured equipment and services. We are grateful for the Trump administration's support of our project.'
About Solidus Resources, LLCSolidus Resources, LLC is a gold developer focused on advancing the Spring Valley Gold Project in Pershing County, Nevada, through permitting, construction, and into operations. Solidus is a wholly-owned subsidiary of Waterton Mining, a private mining company.
For further information, please visit the Solidus Resources website at www.solidus-resources.com
Alternatively, please contact:Jack McMahon, Presidentinfo@solidus-resources.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
23 minutes ago
- The Hill
Navarro: India must stop buying Russian oil
White House trade adviser Peter Navarro said India must stop buying and selling Russian oil if it wishes to garner favor with the Trump administration, which has upped tariffs on New Delhi to 50 percent. President Trump this month announced an additional 25 percent tariff on Indian goods over the country's purchases of Russian oil, arguing India is fueling Moscow's war efforts in Ukraine. The new tariff, which is set to take effect next week, adds to the 25 percent 'reciprocal' tax on Indian imports already in place. Navarro doubled down on the administration's position in an op-ed Monday in the Financial Times, saying the proceeds from the crude oil 'flow to India's politically connected energy titans, and in turn, into Vladimir Putin's war chest.' 'India's dependence on Russian crude is opportunistic and deeply corrosive of the world's efforts to isolate Putin's war economy. In effect, India acts as a global clearinghouse for Russian oil, converting embargoed crude into high-value exports while giving Moscow the dollars it needs,' Navarro wrote in the op-ed. Navarro touted the 'two-pronged policy' approach to tariffs on Indian imports, saying it will 'hit India where it hurts — its access to US markets.' 'If India wants to be treated as a strategic partner of the US, it needs to start acting like one,' Navarro wrote. India has remained defiant in the face of U.S. tariff threats and has accused administration officials of being hypocritical. Past administrations encouraged the India-Russia energy trade to help stabilize global markets, and both the U.S. and Europe continue to spend billions on Russian energy and commodities. 'In this background, the targeting of India is unjustified and unreasonable,' a spokesperson for India's Ministry of External Affairs said in a statement earlier this month responding to Trump's tariff threats over Russian oil. 'Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' the spokesperson added. The Navarro op-ed comes as Trump readied to meet Ukrainian President Volodymyr Zelensky and other European leaders to debrief after his historic summit with Russian President Vladimir Putin on Friday.
Business Wire
23 minutes ago
- Business Wire
PharmaEssentia to Participate at Morgan Stanley 23rd Annual Global Healthcare Conference
BURLINGTON, Mass.--(BUSINESS WIRE)--PharmaEssentia USA Corporation, a subsidiary of PharmaEssentia Corporation (TWSE: 6446), a global biopharmaceutical innovator based in Taiwan leveraging deep expertise and proven scientific principles to deliver new biologics in hematology and oncology, today announced that the Company's management will participate in the Morgan Stanley 23rd Annual Global Healthcare Conference. The conference will take place September 8-10, 2025 in New York, NY. Senior members of the Company's management team will be available for investor meetings September 8-9. About PharmaEssentia PharmaEssentia USA Corporation, located in Burlington, Massachusetts, is a subsidiary of PharmaEssentia Corporation (TWSE: 6446). PharmaEssentia Corporation, headquartered in Taipei, Taiwan, is a global and rapidly growing biopharmaceutical innovator. Leveraging deep expertise and proven scientific principles, PharmaEssentia aims to deliver effective new biologics for challenging diseases in the areas of hematology, oncology, and immunology with one approved product and a diversifying pipeline. Founded in 2003 by a team of Taiwanese-American executives and renowned scientists from U.S. biotechnology and pharmaceutical companies, today PharmaEssentia is expanding its global presence with operations in the U.S., Japan, China, and Korea, along with a world-class biologics production facility in Taichung, Taiwan. For more information about PharmaEssentia USA, visit the website, LinkedIn or X.
CNBC
23 minutes ago
- CNBC
Morgan Stanley says nuclear power is gaining momentum, recommends these stocks
Morgan Stanley sees $2.2 trillion of investment in new nuclear power through 2050, a more than 40% increase over its projection last year as government support and demand from the tech sector has grown. The investment bank sees the U.S. adding 150 gigawatts of nuclear power by the middle of century, according to a note published this month. That would more than double the installed capacity in the U.S., though it is well below President Donald Trump's goal of adding an additional 300 gigawatts. "The nuclear renaissance has already made significant progress," Morgan Stanley analysts told clients on Aug. 12. "Over the past year, global policy support – especially in the United States – has strengthened significantly. Hyperscalers are increasingly focused on securing clean, reliable 24/7 energy, highlighting the strategic importance of nuclear power." Morgan Stanley recommends playing the trend in the U.S. through the independent power producers Talen Energy and Vistra Corp. , reactor designer GE Vernova , and the utility Public Service Enterprise Group . The U.S. trails China when it comes to building new nuclear plants, but momentum is growing as Alphabet , Amazon , Meta and Microsoft have announced investments in nuclear power over the past year. China has about 37 gigawatts of nuclear power under construction while the U.S. is not building any plants right now, according to Morgan Stanley. Trump has sought to jump start nuclear construction through a series of executive orders in May that aim to slash regulation and accelerate approvals. The federal tax credits for nuclear power also remain in place after the passage of the One Big Beautiful Bill Act. Vistra is expected to strike a data center deal at its Comanche Peak nuclear plant in Texas, while Public Service Enterprise Group will likely announce a deal at one of its New Jersey plants, according to Morgan Stanley. Talen Energy has contracted out all its nuclear capacity to Amazon already, but the company could announced data center deals with its gas assets, according to the bank. The U.S. has a large pipeline of 17 small modular reactors under development, though these plants are not expected to come online until the 2030s at the earliest if at all, according to the bank. The developers of SMRs believe they will make nuclear plants faster and more affordable to build. Morgan Stanley recommends GE Vernova as a way to play SMRs. GE Vernova is aiming to build its BWRX-300 in Ontario, Canada and in Tennessee. GE Vernova and Talen are up about 88% this year, Vistra has gained about 43%, and Public Service Enterprise Group is flat.
