Latest news with #SolidusResources
Yahoo
16-05-2025
- Business
- Yahoo
Solidus secures $835m financing interest from EXIM for Spring Valley project
US-based miner Solidus Resources has received a letter of interest (LOI) from the Export-Import Bank of the United States (EXIM) for potential financing of up to $835m for the Spring Valley gold project in Pershing County, Nevada, US. This support aligns with EXIM's Make More in America initiative and China and Transformational Exports Program, both of which aim to enhance domestic mineral production and industrial revitalisation. Isser Elishis, chairman and CEO of Waterton Mining, Solidus' owner, said: '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 US mining competitiveness.' Elishis noted that the Spring Valley project is being considered for financing by EXIM following Executive Orders to boost domestic mineral production. The project is expected to contribute to strategic mineral onshoring, promote US-based mining technology, and increase US-manufactured equipment and services exports, Elishis added. The results from the project's feasibility study, announced in February 2025, highlight a ten-year life of mine (LOM) with annual gold production averaging more than 300,000oz, peaking at 348,000oz in the first five years. The all-in sustaining costs are estimated at $1,103/oz of gold, with initial capital expenditures of $823m. The Spring Valley operation is designed as a simple heap leach process with a single large open-pit mine. The ore is highly amenable to heap leaching, with a LOM strip ratio of 2.9:1. The project is estimated to contain mineral reserves of 3.8 million ounces (moz) at 0.016oz per tonne. Indicated resources are estimated at 4.4moz and inferred resources at 600,000oz, with potential for further exploration. Spring Valley is on schedule to receive all necessary permits for construction and operations this year. "Solidus secures $835m financing interest from EXIM for Spring Valley project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
13-05-2025
- Business
- Hamilton Spectator
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
RENO, Nev., May 13, 2025 (GLOBE NEWSWIRE) — Solidus Resources, LLC (Solidus) is pleased to announce the Company's receipt of a Letter of Interest from the Export-Import Bank of the United States (EXIM) regarding the potential financing of up to $835,000,000.00 for the Spring Valley Project. The funding for this project is being considered under EXIM's Make More in America initiative and its China and Transformational Exports Program. 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, LLC Solidus 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 Alternatively, please contact: Jack McMahon, President info@
Yahoo
13-05-2025
- Business
- Yahoo
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
RENO, Nev., May 13, 2025 (GLOBE NEWSWIRE) -- Solidus Resources, LLC (Solidus) is pleased to announce the Company's receipt of a Letter of Interest from the Export-Import Bank of the United States (EXIM) regarding the potential financing of up to $835,000,000.00 for the Spring Valley Project. The funding for this project is being considered under EXIM's Make More in America initiative and its China and Transformational Exports Program. 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 Alternatively, please contact:Jack McMahon, Presidentinfo@
