Hecla's Libby Exploration Project Selected for FAST-41 Critical Minerals Dashboard by the Trump Administration
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) is pleased to announce that its Libby Exploration Project in Montana was included in the Trump Administration's March 18, 2025, announcement of advancing critical mineral projects under Executive Order 14241, Immediate Measures to Increase American Mineral Production.
As a result, the Project has been placed on the Federal Permitting Improvement Steering Council's FAST-41 permitting dashboard, which will ensure the environmental review and authorizations schedule for the project is publicly available and allows all stakeholders to benefit from increased transparency.
'We're pleased that the Libby Exploration Project has been recognized in the White House's critical minerals initiative and added to the FAST-41 dashboard. This priority status acknowledges the strategic importance of developing domestic silver and copper resources and should help streamline the remaining permitting process as we move toward a final Record of Decision. Hecla also extends its thanks to Montana's congressional delegation for their leadership in showing strong support for the Project and encouraging domestic mineral production and investment in Montana,' said Rob Krcmarov, President and CEO. 'Having a fully permitted project would add significant optionality to our portfolio, and this milestone positions us well for the future. While we continue to evaluate the project economics and address technical challenges, this designation enhances the project's long-term potential. As always, our capital allocation decisions will remain disciplined and focused on delivering shareholder value while we advance our understanding of this significant resource.'
The Trump Administration's announcement may be found here:
The Project link on the FAST-41 dashboard is here:
https://www.permits.performance.gov/permitting-project/fast-41-transparency-projects/libby-exploration-project
Hecla's Libby Exploration Project is a large silver and copper deposit located 50 miles from the Company's Lucky Friday mine. A Plan of Operations is currently under an Environmental Assessment review by the U.S. Forest Service, and upon successful completion of that process, and if subsequent data collection and analysis activities suggest development of a mine is feasible, then a new Plan of Operations for the construction and development of a mine at the Libby Exploration site would be submitted for approval.
ABOUT HECLA
Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States and Canada. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.
Cautionary Statement Regarding Forward-Looking Statements.
This news release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including Canadian securities laws. Words such as 'may', 'will', 'should', 'expects', 'intends', 'projects', 'believes', 'estimates', 'targets', 'anticipates' and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include the possibility of submitting a new Plan of Operations for the Libby Exploration Project and subsequently constructing a mine. For a detailed discussion of risks and other factors impacting these forward-looking statements, see the Company's 2024 Form 10-K filed on February 13, 2025. The Company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
34 minutes ago
- Yahoo
Is the stage finally set for transcontinental rail mergers?
-- The prospect of transcontinental rail mergers in the U.S. has re-entered discussions among industry participants, with Wells Fargo analysts stating that while the probability remains "low," it has "increased substantially from near-zero." The key factor, according to Wells Fargo, lies in securing "the Trump administration's buy-in," which they believe would make the STB "unlikely to stand in the way." This political alignment has elevated the odds to approximately 20% in their view, with an accelerated timeline aiming for completion by the end of Trump's term in 2025. Wells Fargo suspects that any potential combinations would occur "between the large Western U.S. rails and the Eastern rails," as administration support for Canadian rail participation is deemed unlikely. They also anticipate that if one East/West deal is proposed, another would likely follow due to the competitive advantages of a transcontinental network. The primary appeal of such mergers, according to Wells Fargo, would be "better service as un-natural interchanges, and the friction they create, are eliminated, resulting in market share increases." Beyond potential cost synergies, they highlight the public good generated by "privately funded, greener infrastructure" that can reduce trucks and congestion on highways, driving "revenue/margin/EPS growth story for the rails." Wells Fargo estimates potential deals could generate "25-60%+ EPS growth over 3-5 years," assuming 30% premiums and synergies. Wells Fargo maintains a positive outlook on railroads, with or without M&A, due to "improving pricing power, potential for technological operational improvements, strong cash generation, and volume support from less economically sensitive goods." If mergers proceed, they see "the most upside for CSX (NASDAQ:CSX) and NS," considering them likely targets, though all rail stocks are expected to benefit. Related articles Is the stage finally set for transcontinental rail mergers? What are next big copper projects? UBS tells when equipment makers could benefit What's next for Fannie and Freddie under Trump administration? Effettua l'accesso per consultare il tuo portafoglio
Yahoo
34 minutes ago
- Yahoo
4 Ways To Protect Your Investments When Fake News Creates Market Volatility
While the stock market is driven by earnings growth over the long run, on a daily basis, the twin emotions of fear and greed can override economic fundamentals. This has been brought into sharp focus in 2025, as the stock market has gyrated wildly in reaction to the Trump administration's ever-changing tariff policy. Read More: Find Out: Part of the problem has been that 'fake news' regarding the specifics of the tariffs has leaked into the financial press, creating market volatility as investors alternately panic and rejoice at the latest headlines. The resultant up-and-down moves in prices have been tough to handle, even for veteran investors. Here are some steps you can take to protect your investments — and your peace of mind — when fake news creates market volatility. Stocks are a long-term investment vehicle. In fact, if you don't plan on holding your stocks for at least five years, most advisers recommend you stay out of the stock market completely. This is because short-term fluctuations and longer-term bear markets could depress the value of your portfolio for months or even years, and selling out when the market is low is a losing strategy. To ride out these inevitable dips, it's essential to keep a long-term perspective. Over time, what seem like dramatic short-term moves end up being only barely noticeable blips on a long-term chart of the market. You can protect your investments by keeping that in mind, understanding that the ups and downs of the market eventually smooth themselves out. See Next: If other investors are going to make bad decisions based on emotion, there's no reason you can't take advantage of that. If fake news drives the market down 5% in a single day, it could be a great opportunity to pick up more shares of the quality stocks or ETFs in your portfolio. Even if the news turns out to be true, if you're a long-term investor, adding to your positions when they are 'on sale' can be a good way to boost your returns in time. Picking up additional shares when the market is low can be a prudent way to invest for the long run. But offloading positions you were thinking of selling anyway, when investors are falsely euphoric, can be another. While you shouldn't sell stocks just because the market is up on any given day, when fake news is creating upside volatility, it can be an opportunity. This is especially true if you're already considering selling a position, either to take a profit or to jettison an underperforming stock. This shouldn't be confused with day trading or timing the market — it's just a good way to sell stocks you wanted to unload anyway when the market hands you 'free money.' For some investors, the best option to protect their portfolios is to take a step back from the financial press. While total ignorance of what's going on in the market isn't advisable, neither is watching the financial news 24/7. At any given moment, the commentary on TV could make you feel like you're missing out on a big opportunity, or conversely, that the world is completely falling apart and you should sell everything. Being too close to the action makes it more likely that you will overtrade, making investment decisions based on emotion instead of good sense. This is one reason why most advisors recommend you only rebalance your portfolio every quarter, or even once per year. Simple as it sounds, for investors who are prone to have an emotional reaction to the stock market, the best option could be to just turn off the TV. In the era of social media, information is disseminated in the blink of an eye. In some cases, this can be beneficial. However, with the proliferation of fake news, it can also be a curse. Many traders, trying to get an edge on the markets, will instantly react to certain news headlines, even if they are unverified or just flat-out untrue. AI trading is exacerbating these swings, as computers can automatically make moves in thousandths of a second. As an individual investor, you have no control over these market movements. But you do have control over how you manage your portfolio. If you can avoid making emotional decisions, stick to your long-term investment plan, and selectively take advantage of big swings in the market, you'll end up with the best results. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on 4 Ways To Protect Your Investments When Fake News Creates Market Volatility
Axios
an hour ago
- Axios
Trump shrugs off possible reconciliation with Musk
President Trump said he assumes his relationship with Elon Musk has ended and that he has no desire to repair it after the pair publicly fell out last week. "I think it's a shame that he's so depressed and so heartbroken," Trump said of the billionaire in a phone call with NBC News' Kristen Welker. The big picture: Trump's comments also came with a warning to Musk when the president said the Tesla CEO could face "serious consequences" should he fund Democratic candidates in the next election running against Republicans who vote for Trump's "big, beautiful bill." The billionaire, who contributed more than $290 million to Republicans in the 2024 election but has since said he'd cut back on political spending, posted last week that politicians "who betrayed the American people" should be fired in November. Trump declined to elaborate on what the consequences would be for Musk. House Speaker Mike Johnson (R-La.) said in a Sunday interview on ABC's "This Week" that it would be a "big mistake" for Musk to go after Republicans who vote for the bill. Driving the news: Trump said he has no plans to speak to the Tesla CEO during the Saturday phone interview with Welker. Asked if he thought his relationship with Musk was over, Trump said he "would assume so." He accused the once-close administration ally of being "disrespectful to the office of the President." Catch up quick: The alliance between Trump and the former chainsaw-wielding face of DOGE exploded last week as Musk continuously campaigned against the massive tax-and-spending package, blasting it as a "disgusting abomination." Speaking to reporters during an Oval Office appearance alongside German Chancellor Friedrich Merz Thursday, Trump said he was "very disappointed" in Musk, who he claimed was very familiar with the inner workings of the legislation. While Trump talked, Musk fired back in real-time on X, claiming in one post that Trump would have lost the election without him. Zoom in: In one post that appears to have been deleted, Musk accused the president of being "in the Epstein files." Trump told NBC that it's "old news."
