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Nevada Mining

Northern mine supply companies encouraged to bet on Nevada – by Len Gillis (Northern Ontario Business – June 27, 2022)

https://www.northernontariobusiness.com/

Sudbury-based MineConnect now has a sister organization based in Nevada called ‘MineConnect USA’

MineConnect, the Sudbury-based organization that promotes Northern Ontario mining supply and service companies, is encouraging a new connection with the U.S. state of Nevada.

The campaign, which has been underway for a couple of years already, was highlighted at the recent annual convention of the Prospectors and Developers Association. That’s where former MineConnect executive director Paul Bradette of Sudbury talked about the value of Northern businesses connecting with the mining industry in Nevada.

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AMC Buys Stake in Gold and Silver Mine in Nevada – by John J Edwards III (Bloomberg – March 15, 2022)

https://www.bloombergquint.com/

(Bloomberg) — AMC Entertainment Holdings Inc. said it’s buying 22% of a gold and silver mining company, marking an unorthodox move for the world’s largest movie-theater chain and a past darling of meme-stock investors. The cinema giant is investing in Hycroft Mining Holding Corp. alongside Eric Sprott, a gold and silver investor, AMC said in a statement Tuesday.

The parties’ equal stakes total $56 million, “which will help Hycroft considerably lengthen its financial runway,” AMC said. The investment from AMC is a much-needed boost for Denver-based Hycroft Mining, which is trying to get the mine up and running on a sustainable, commercial basis.

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Thacker Pass lithium project gets national spotlight – by Timothy Burmeister (Elko Daily Free Press – March 10, 2022)

https://elkodaily.com/

Thacker Pass today is a quiet stretch of land in Northern Nevada, rolling prairie nestled against the mountains, with lots of sagebrush and few people around.

But in the past year the area has become a hotspot of controversy, with national media pulling in to talk with protesters opposed to the Thacker Pass lithium mine that Lithium Americas is working toward building on the site. Some protesters have been camped out near the project site. Lengthy stories have been written on the protesters and the project.

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Between a rock and a hard place: The energy transition is sparking America’s next mining boom (The Economist – February 19, 2022)

https://www.economist.com/

About 16m years ago, a supervolcano that straddled the borders of what is now Oregon and Nevada erupted, forming the McDermitt Caldera. The volcanic activity pushed lithium-rich rock up near the Earth’s surface, creating the largest known lithium deposit in the United States.

Today, the same terrain around the Montana Mountains is carpeted with sagebrush, and coyotes are heard more often than people. But that may soon change. Lithium Americas, a Canadian company, has plans to build a mine and processing plant at Thacker Pass, near the southern tip of the caldera in Nevada. It would be America’s biggest lithium mine.

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Lithium: A year of progress and protests – by Timothy Burmeister (Elko Daily Free Press – January 1, 2022)

https://elkodaily.com/

With the anticipated need for a lot more lithium to put into batteries to help power a greener future, you might think environmentalists would give a pass to some of the negative effects of the proposed lithium mines that are being planned at sites around Nevada. That’s not the case. The opposition to some of the proposed mines has been strong and may even be ramping up.

Thacker PassLithium Americas’ Thacker Pass lithium mine may be the biggest project on the horizon, and it is facing lots of opposition. Lithium Americas has been working for years on plans for Thacker Pass, which is about 60 miles northwest of Winnemucca.

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Batteries and the new “lithium gold-rush” (CBC News – November 7, 2021)

https://www.cbsnews.com/

In the mountains of northern Nevada, the fuel of the future lies in the shadow of the past. Sixteen million years ago, the area now called Thacker Pass was the site of a giant volcanic eruption … and volcanologist Tom Benson has been searching the world for places just like it. He says an eruption here millions of years ago left behind the key to unlock the electric vehicle revolution.

It’s called lithium, the lightest solid element on that chart most of us only periodically remember from high school chemistry. Rechargeable lithium ion batteries are what power our cell phones, computers, even toothbrushes, and are now the fuel for all those electric vehicles starting to roll off the assembly line.

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COMMENTARY: Senator assures industry Nevada will remain a mining colony – by Hugh Jackson (Nevada Current – October 7, 2021)

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Harry Reid must be so proud. “Revision of our mining laws has been a regular topic for more than 100 years,” Reid wrote in 2009 when he was Senate Majority Leader. “During my time in Congress, I have fought against and defeated many ill-conceived reform efforts that would have hurt rural Nevada.”

Reid was being modest. He fought against and defeated every effort, no matter how ill- or well-conceived, to reform the antiquated 1872 Mining Law when he was in the Senate.

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Cassels Brock, Stikeman Elliott and Blakes advising on US$370 million mining deal – by Angelica Dino (Canadian Lawyer – September 22, 2021)

https://www.canadianlawyermag.com/

Deal involving Vancouver miner will consolidate one of the largest new gold districts in Nevada

To consolidate one of the largest new gold districts in Nevada, AngloGold Ashanti is buying out Vancouver-based Corvus Gold Inc. for a total transaction cost of US$370 million.

Acting for Corvus is Blakes Cassels & Graydon, Cassels Brock & Blackwell and Dorsey & Whitney. The Cassels Brock team includes Jen Hansen, Jeffrey Roy, Jackson Phillips, David Overall, Chris Norton and Chris Hersh. Stikeman Elliott is advising AngloGold.

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Tribes lose bid to block digging at lithium mine in Nevada – by Scott Sonner (Elko Daily – September 6, 2021)

https://elkodaily.com/

RENO (AP) — A federal judge has denied tribal leaders’ bid to temporarily block digging for an archaeological study required before construction can begin for a Nevada lithium mine on what they say is sacred land where their ancestors were massacred more than century ago.

U.S. District Judge Miranda Du refused three tribes’ request for a preliminary injunction blocking the trenching planned to collect samples near the Oregon state line at the site of the largest known lithium deposit in the United States.

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EDITORIAL: Environmentalists vs. electric vehicles (Las Vegas Review-Journal – August 15, 2021)

https://www.reviewjournal.com/

Despite their shrill alarmism over global warming, environmentalists are perhaps the biggest obstacles to increasing U.S. production of the minerals needed to make batteries for electric vehicles.

This month, President Joe Biden signed a symbolic executive order urging that half of new vehicles be electric by 2030. In announcing the move, the Biden administration lamented that China is in the pole position on EV manufacturing.
“China is increasingly cornering the global supply chain for electric vehicles and batteries with its fast-growing electric vehicle market,” a White House fact sheet stated.

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Barrick says Goldrush ‘world-class’ – by Adella Harding (Elko Daily Free Press – August 9, 2021)

https://elkodaily.com/

Along with announcing an increase in adjusted net income in the second quarter, Barrick Gold Corp. on Monday reported an updated feasibility study of the Goldrush exploration project in Nevada confirmed Goldrush is a world-class asset.

The company also reported that a record of decision on Goldrush from the U.S. Bureau of Land Management is now anticipated in the fourth quarter of next year.

Catherine Raw, chief operating officer for North America, said in a earnings webinar that the permitting for Goldrush has been a “long time coming” and takes in many issues but the “decline exploration allows us to ramp up quickly,” once there is a record of decision.

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The Untapped Potential of Nevada’s Cortez Trend (Investing News Network – July 13, 2021)

https://investingnews.com/

The Cortez trend is the lesser-known relative of the famous Carlin trend — the Nevada site home to the most productive accumulation of gold deposits in North America.

In the last quarter of a century, the Cortez trend has been a prolific and profitable site, but experts believe that the Cortez fault corridor could be older, larger and far more valuable than Carlin over the longer term.

And with Nevada continuing to be one of the best regions for gold mining, it’s no surprise why companies operating in this region present a desirable investment opportunity. In Q2 2020 alone, Barrick Gold’s (TSX:ABX,NYSE:GOLD) Carlin project was the largest global mining operation, producing 382 koz — a 105 percent increase over Q2 2019.

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How the ‘Greens’ Could Upend the Green Dream – by William F. Shughart II (Independent Institute – June 24, 2021)

https://www.independent.org/

There is growing concern among some commentators and experts that the United States has become “dangerously dependent” on imported minerals and metals and that such dependence is hampering the development of clean energy technologies. The concern is real.

But the reason the U.S. is dependent on foreign producers, many of them competitors and adversaries, is not that many of the world’s mines are owned or controlled by China and Russia but that government policies supported by radical “green” interest groups have blocked the development of adequate domestic supplies of these raw materials, which are essential to the green dream of a “net zero” fossil fuel future.

Consider, for starters, lithium, one of the metals used in the lithium-ion batteries that power electric vehicles. As I write, environmental groups are blocking the development of a new lithium mine in a remote part of Nevada, arguing, among other things, that the mine would harm the habitat of an endangered desert plant, Tiehm’s buckwheat.

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Amid plans to mine lithium in rural Nevada, Indigenous, rural communities at center of the energy transition – by Daniel Rothberg (Northern Nevada Business Weekly – June 22, 2021)

https://www.nnbw.com/

Maxine Redstar’s office on the Fort McDermitt Indian Reservation sits in a valley surrounded by mineral-rich mountain ranges that stretch past the Oregon border, only a few miles to the north.

It’s May, and after a short spurt of precipitation in an otherwise record dry year for Nevada, the valley has turned pastel-green with sagebrush dotting the land. Near the administration building and Redstar’s office, a sign is planted in the ground. It reads: “Keep Your Aboriginal Rights!!”

Redstar, as chairwoman of the Fort McDermitt Paiute Shoshone Tribe, is at the center of a fight over a planned lithium mine in Thacker Pass, “Peehee mu’huh” in Paiute. Part-administrator and part-spokesperson, her phone rings often, and documents are scattered across her desk.

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[Nevada Mining] One ore body, once divided – by Suzanne Featherston (Elko Daily Free Press – June 14, 2021)

https://elkodaily.com/

The gold mining operation at Carlin is the largest in the world, with a massive ore body that has yielded millions of ounces of gold over its more than 60-year history in northeastern Nevada.

Up until recent history, the Carlin Trend was mainly divided between two senior gold mining companies — Barrick Gold Corp. and Newmont Corp. On the surface, that meant fences separated properties. Underground, boundaries took the form of vertical walls.

Practically, neither company had a full understanding of how the ore body behaves from beginning to end. Sometimes the same geologic feature had different names depending on what side of the line it fell on.

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