FAST - 41 program
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Nexus Uranium Joins Better in Our Backyard Coalition
TMX Newsfile· 2026-01-05 11:00
Core Viewpoint - Nexus Uranium Corp. has joined the Better In Our Back Yard (BIOBY) coalition, emphasizing its commitment to responsible industrial development and community engagement in the U.S. uranium sector [1][2]. Group 1: Company Initiatives - The membership in BIOBY supports Nexus's focus on responsible mineral development, particularly as it advances its U.S. uranium portfolio, including the Chord Project in South Dakota [2]. - Nexus is pursuing inclusion in the FAST-41 program, which aims to streamline environmental reviews and permitting for infrastructure projects, potentially benefiting uranium projects that enhance U.S. energy security [3]. Group 2: Advocacy and Community Engagement - BIOBY advocates for projects that demonstrate environmental responsibility, economic value, and community collaboration, aligning with Nexus's approach to developing domestic uranium resources [2][4]. - The coalition aims to create a thriving economy while protecting the environment, recognizing the interdependence of mining, manufacturing, and local businesses [5]. Group 3: Company Overview - Nexus Uranium is a Canadian exploration company focused on uranium projects in North America, holding several projects in South Dakota and Wyoming, as well as in Saskatchewan, Canada [6].
Paramount Gold Expects to Receive Final Federal Approvals in January 2026 for its High Grade Grassy Mountain Gold Project and Provides Corporate Update on 2025 Achievements
Globenewswire· 2025-12-16 12:00
Core Viewpoint - Paramount Gold Nevada Corp. is progressing towards final approvals for the Grassy Mountain Gold Project, with the final Environmental Impact Statement and Record of Decision expected in January 2026, despite minor delays due to the U.S. Federal government shutdown and holiday season [1][2]. Project Updates - The Grassy Mountain Gold Project is the first mining project of its kind seeking approval in Oregon, and it has made significant permitting milestones in 2025, including acceptance into the federal FAST-41 program and the issuance of the Draft Environmental Impact Statement [2][3]. - The Oregon Department of Geology and Mineral Industries released a draft consolidated permit package on December 8, 2025, with a public hearing scheduled for January 29, 2026, and final state permits expected in late Q1 or early Q2 of 2026 [4]. - Local permitting has also progressed, with Malheur County granting two-year extensions for the Conditional Use Permit and Sage Grouse Permit [4]. Feasibility Study and Economic Outlook - Ausenco Engineering Canada Inc. has been engaged to update the feasibility study for the Grassy Mountain project, which is expected to be completed in the first half of 2026 and will reflect improved project economics due to higher metal prices [2][3]. Stakeholder Engagement - The company has maintained strong engagement with regulators, stakeholders, and communities throughout the year, positioning itself for major milestones in 2026, including final state and federal approvals [5]. Additional Opportunities - With rising gold prices and improved visibility on permitting, the company is evaluating opportunities at its Sleeper Gold Project in Nevada to create additional shareholder value, believing there is substantial heap leachable resource potential [6].
Newmont-funded Nevada gold project selected for FAST-41 permitting
MINING.COM· 2025-10-21 16:16
Core Viewpoint - Headwater Gold's Spring Peak project in Nevada has been included in the FAST-41 program, which aims to streamline regulatory approvals for mining-related infrastructure [1][2] Group 1: Project Details - The exploration project, known as the Burnt Rock Plan of Operations, will benefit from transparent regulatory reviews and predictable permitting timelines due to its inclusion in the FAST-41 program [2] - Newmont is funding the exploration at Spring Peak under an earn-in agreement, allowing it to acquire up to 75% of the project by spending $55 million in two stages and completing a prefeasibility study [4][5] - The first stage of exploration has been completed with Newmont spending $15 million, earning a 51% interest, while the second stage requires an additional $40 million investment for a further 14% interest [5] Group 2: Exploration Progress - Newmont's decision to advance to Stage 2 is based on positive drill results from the Disco zone and Shadow target, along with additional property scale targets [6] - The exploration plan includes the potential construction of up to 266 drill sites and 29 miles of new access roads, along with a comprehensive reclamation plan [7] Group 3: Market Reaction and Company Position - Following the announcement of the FAST-41 inclusion, Headwater Gold's shares rose nearly 5%, resulting in a market capitalization of C$47.4 million (approximately $33.8 million) [3] - The Spring Peak project is located in a historically significant mining region, adjacent to existing infrastructure from Hecla Mining Company's past operations [8] Group 4: Mineralization Findings - Drilling has confirmed high-grade gold mineralization at the Disco zone, with notable intersections including 15.92 grams per tonne (g/t) gold over 2.38 meters and 10.43 g/t gold over 2.01 meters [9] - Headwater holds an option to acquire a 100% interest in the Spring Peak project from Orogen Royalties, subject to certain conditions [9]
US Federal Government Selects Headwater Gold’s Spring Peak Project for FAST-41 Permitting Track
Globenewswire· 2025-10-20 10:30
Core Insights - Headwater Gold Inc. has announced that its Spring Peak project has been selected for the FAST-41 program, which aims to streamline the permitting process for mining projects in the United States [1][2] - The exploration program at Spring Peak is funded by Newmont Corporation, which may earn a 65% interest in the project by investing US$40 million over 36 months [1][3] Project Details - The Burnt Rock Plan of Operations at Spring Peak is located in the Aurora mining district of Nevada and proposes to increase exploration activities, including the construction of up to 266 drill sites and 29 miles of new access roads [2][6] - The Spring Peak project is situated in the Walker Lane belt and is adjacent to Hecla Mining Company's past-producing Aurora mine, which has existing infrastructure [3][4] - Drilling at the Disco Zone has confirmed high-grade gold mineralization, with notable intersections such as 15.92 g/t Au over 2.38 m [3][4] Company Overview - Headwater Gold Inc. is focused on exploring for high-grade precious metal deposits in the Western USA and has a portfolio of epithermal vein exploration projects [4] - The company has strategic earn-in agreements with Newmont and OceanaGold Corporation, enhancing its exploration capabilities [4]
US Federal Government Selects Headwater Gold's Spring Peak Project for FAST-41 Permitting Track
Thenewswire· 2025-10-20 10:30
Core Insights - Headwater Gold Inc. has announced that its Spring Peak project has been included in the FAST-41 program, which aims to streamline federal permitting for mining projects, enhancing transparency and efficiency in the review process [1][3][7] - The exploration program at Spring Peak is funded by Newmont Corporation, which may earn a 65% interest in the project by investing US$40 million over 36 months [1][4] Company Overview - Headwater Gold Inc. is focused on exploring high-grade precious metal deposits in the Western USA, with a portfolio of epithermal vein exploration projects [5] - The company has strategic partnerships with Newmont and OceanaGold Corporation, enhancing its exploration capabilities [5] Project Details - The Spring Peak project is located in the Walker Lane belt of Nevada, adjacent to Hecla Mining Company's past-producing Aurora mine, and includes existing infrastructure such as a 600 ton per day mill [4] - The Burnt Rock Plan of Operations proposes the construction of up to 266 drill sites and 29 miles of new access roads, along with a comprehensive reclamation plan [3][4]