Great Northern Minerals acquires Catalyst Ridge project in California

Core Points - Great Northern Minerals (GNM) has successfully acquired the Catalyst Ridge rare earth element (REE) and antimony project in California's Mojave Desert, encompassing 214 lode mining claims over approximately 18km [1][2] - The acquisition was approved by shareholders on October 22, 2025, and all necessary due diligence has been completed [1][2] - Following the acquisition, GNM is expected to have a cash balance of around $3.06 million, positioning the company favorably for future exploration and development [3] Industry Context - The acquisition aligns with a broader bilateral framework agreement between the US and Australia, which includes commitments of over $1 billion each to support an $8.5 billion pipeline of critical mineral projects [4] - The Catalyst Ridge area is considered highly prospective for REE, antimony, and potentially gold, contributing to the secure and diversified supply of critical minerals [4]