Latest news with #Tonopah
Yahoo
07-07-2025
- Business
- Yahoo
USCM Completes Acquisition of Clayton Ridge Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - U.S. Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) ("USCM" or the "Company") is pleased to to announce that it has completed its acquisition of a 100% interest in the Clayton Ridge Lithium Project (the "Project"), located in Esmeralda County, Nevada. The acquisition follows the successful fulfillment of all terms outlined in an existing option agreement with the vendor. The Project remains subject to a 3% gross overriding royalty (GORR) with an option to purchase 1% of the GORR for USD$1 million (for additional information relating to transaction terms see Company's press release - access here). The Project is strategically located in a hanging basin over the Clayton Valley, approximately 20 kilometers west of Tonopah, Nevada — a region known for hosting several advanced-stage lithium claystone deposits. The Project is characterized by sequences of Miocene-aged lacustrine sediments. These units are known to host lithium-bearing claystones similar to those being developed at nearby projects, including American Lithium's TLC Project and Lithium Americas' Thacker Pass. Historical and recent exploration activities at the Project have confirmed the presence of lithium-rich claystone over significant surface exposures, with previous drilling returning broad intervals of lithium mineralization. Mineralization is hosted within illite- and smectite-rich volcanic ash-derived clays, with geological drilling, mapping and sampling supporting the potential for lateral extension, particularly toward the east (for additional technical information see Company's press release - access here). "Although lithium markets have faced near-term price pressures, we continue to see long-term structural demand for domestic lithium supply," stated Darren Collins, CEO of USCM. "With advanced projects like Thacker Pass and American Lithium's TLC Project helping de-risk claystone lithium assets in the United States, we believe Clayton Ridge is well-positioned as part of a broader national strategy to establish secure and scalable lithium supply from clay-based deposits." Cautionary Note: The comparable information about other projects was obtained from public sources and has not been verified by the Company. Comparable means information that compares an issuer or project to other issuers or projects. The comparables are considered to be an appropriate basis for comparison with the Company based on their industry, commodity mix, jurisdiction, and additional criteria. The comparable projects face different risks from those applicable to the Project. Relevant material concerning any adjacent or comparable properties included in this press release is limited to information publicly disclosed by the owner or operator for such adjacent or comparable property. The Company cautions that past production, mineral reserves, resources or occurrences on adjacent or comparable properties are not indicative of the mineralization on the Company's properties. Readers are cautioned that the past performance of comparables is not indicative of future performance and that the performance of the Company may be materially different from the comparable projects. You should not place undue reliance on the comparable information provided in this press release. Qualified Person The scientific and technical information contained in this news release has been verified and approved by Robert J. Johansing, BSC. geology, MSc economic geology, who is a qualified person as defined in NI 43-101. Mr. Johansing is a consultant of the Company. About US Critical Metals Corp. USCM is focused on mining projects that will further secure the US supply of critical metals and rare earth elements, which are essential to fueling the new age economy. Pursuant to investments and option agreements with private Canadian and American companies, USCM's projects include the Long Canyon Uranium and Vanadium Property in Idaho, the Sheep Creek located in Montana, the McDermitt Lithium Property in Nevada, the Clayton Ridge Lithium Property located in Nevada, and the Haynes Cobalt Property located in Idaho. A significant percentage of the world's critical metal and rare earth supply comes from nations with interests that are contrary to those of the US. USCM intends to explore and develop critical metals and rare earth assets with near- and long-term strategic value to the advancement of US interests. For further information please contact: Darren CollinsChief Executive Officer & Director Email: dcollins@ Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information This news release contains certain information that may be deemed "forward-looking information" with respect to USCM within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause USCM's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, the exploration plans and expected exploration and drilling results at the Project, results of operations, the expectation that the Project stands to benefit from the political shift to deglobalize and secure domestic sources of supply in the United States and the expected financial performance of the Company. Although USCM believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that USCM maintains good relationships with the communities in which it operates or proposes to operate; future legislative and regulatory developments in the mining sector; USCM's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of USCM to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work; risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits; the possibility that results will not be consistent with USCM's expectations; as well as other assumptions, risks and uncertainties applicable to mineral exploration and development activities and to USCM, including as set forth in the USCM's public disclosure documents filed on the SEDAR website at The forward-looking information contained in this press release represents the expectations of USCM as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While USCM may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws. To view the source version of this press release, please visit
Bloomberg
10-06-2025
- Business
- Bloomberg
Nevada Copper Project Draws $896 Million US Financing Interest
A Nevada mining project has attracted the attention of the Export-Import Bank of the United States, which is showing interest in offering $896 million to support a company seeking to build a copper and molybdenum mine. Pathfinder Tonopah, a closely held Nevada-based mining company, said on Tuesday it had received the non-binding indicative letter of interest from Ex-Im, the official export credit agency of the US. The company said the financing would support the construction of a mining and processing facility to produce copper cathode, molybdenum concentrate and other products on the Tonopah, Nevada, site, which has existing infrastructure, including water rights, power connections, and paved road access.
Associated Press
10-06-2025
- Business
- Associated Press
Pathfinder Tonopah Receives Letter of Interest From U.S. EXIM Bank for $896 Million Financing to Advance Domestic Copper Mine
TONOPAH, NV / ACCESS Newswire / June 10, 2025 / Pathfinder Tonopah, a private company, is pleased to announce that it has received a non-binding indicative Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) for $896 million to support the development of its copper and molybdenum mine in Tonopah, Nevada. This potential source of funding would accelerate the revitalization of a historic brownfield site, positioning Pathfinder Tonopah as a leading domestic supplier of critical minerals essential for national security, energy dominance, and advanced manufacturing. The EXIM LOI aligns with the Bank's Make More in America initiative and China and Transformational Exports Program, which prioritize financing for both domestic and foreign critical minerals production to reduce U.S. reliance on unreliable supply chains. Pathfinder Tonopah's mine, located primarily on private land with existing infrastructure, is poised to deliver high-grade copper, and molybdenum concentrate. 'We are thrilled to receive this Letter of Interest from EXIM, a powerful validation of Pathfinder Tonopah's mission to secure a domestic supply of critical minerals,' said Brianna Hanson, CEO of Pathfinder Tonopah. 'This potential financing would enable us to scale our operations, delivering copper and molybdenum to meet America's growing needs while strengthening national security and economic resilience.' Pathfinder Tonopah's mine integrates historically mined supergene copper and hypogene molybdenum resources into a single, efficient mine plan, with recent exploration identifying significant silver potential. The project benefits from a 2023 drill campaign that converted historic waste to ore, and has existing infrastructure, including water rights, power connections, and paved road access. The company's commitment to environmental excellence was recognized with the 2023 Nevada Excellence in Mine Reclamation Award for legacy remediation efforts. The potential EXIM financing would support the construction of a state-of-the-art mining and processing facility, utilizing flotation and leaching methods to produce copper cathode, molybdenum concentrate, and potentially higher-value molybdenum products. This LOI underscores Pathfinder Tonopah's strategic role in addressing U.S. reliance on unreliable critical minerals supply chains, as highlighted by the March 2025 Executive Order to accelerate domestic mineral production. By combining innovative technologies, a multi-generational resource open on three sides and at depth, and a proven management team, Pathfinder Tonopah is well-positioned to lead the sustainable advancement of critical minerals production. For more information, visit or email [email protected] Contact Information Brianna Hanson President & CEO, Pathfinder Tonopah 541-297-9189 SOURCE: Pathfinder Tonopah press release
The Market Online
08-05-2025
- Business
- The Market Online
Blackrock Silver's new drilling supports resource upgrade
Blackrock Silver (TSXV:BRC) released its latest high-grade silver and gold intercepts from its Tonopah West project in Nevada Highlights include 4.24 metres grading 700 grams per ton silver equivalent in TXC25-138, which yielded multiple over 1 kg/ton silver intercepts Blackrock Silver is a junior miner developing demonstrated gold and silver ounces in the ground along Nevada's Walker Lane trend and Northern Nevada rift Blackrock Silver stock has given back 10.29 per cent year-over-year but remains up by 45.24 per cent since 2020 Blackrock Silver (TSXV:BRC) released its latest high-grade silver and gold intercepts from its Tonopah West project in Nevada, where a 2024 resource estimate details 577,000 ounces of gold and 48.5 million ounces of silver. The results are part of a 62-hole program started in July 2024 that aims to convert up to 1 million tons of material from inferred to measured and indicated resources, covering the initial years of production based on Tonopah's 2024 preliminary economic assessment. Here are highlight assay intercepts using a 150 grams per ton (g/t) silver equivalent (AgEq) cut-off: (Source: Blackrock Silver) According to Thursday's news release, 'the highest-grade results are associated with thicker intercepts of quartz vein material,' aligning with previous drilling under the M&I Conversion Program released in November, January and February, making management optimistic about Tonopah West's updated resource estimate slated for Q3 2025. Gold and silver mineralization features shoots plunging to the northwest within the M&I Conversion Area that remain open to the northwest, east and down plunge. Ten drillholes have assays pending. Investors can also look out for seven additional drillhole assays from Blackrock Silver's exploration program seeking to expand a 1-kilometre trend of vein corridor linking Tonopah West's Northwest step-out resource area with the Denver-Paymaster and Bermuda-Merten vein groups. Leadership insights 'Additional results from our M&I conversion program continue to validate our model, supporting mineral continuity as we track and define the geometry of the high-grade shoots within the vein system,' Andrew Pollard, Blackrock Silver's president and chief executive officer, said in a statement. 'Today's results, coupled with results previously announced from this same program, highlight that broader intercepts are associated with higher-than-average grades, which should be beneficial in delineating high-grade tons. The broad zones of high-grade mineralization encountered in drillhole TXC-138 are a standout for us, as at a composite of 11.46 metres of 514 g/t silver equivalent (290 g/t silver & 2.48 g/t gold), this is the thickest (composite) zone we've drilled throughout the district outside of the historic Victor mine. As we await the final assays from the M&I conversion program, modelling has begun for our upcoming mineral resource update on Tonopah West, currently on track for Q3 2025.' About Blackrock Silver Blackrock Silver is a junior miner developing demonstrated gold and silver ounces in the ground along Nevada's Walker Lane trend and Northern Nevada rift. Blackrock Silver stock (TSXV:BRC) last traded at C$0.30. The stock has given back 10.29 per cent year-over-year but remains up by 45.24 per cent since 2020. Join the discussion: Find out what everybody's saying about this junior gold and silver stock on the Blackrock Silver Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
