Darwin Financing Company announces financing agreement with INYOAG LLC

This strategic investment will support the expansion and modernisation of the mine’s operations, focusing on extracting essential minerals crucial to US technology and defence industries.

The Darwin Mine project aims to revitalise a historically significant mining operation with over US$749 million previously invested in existing infrastructure. The mine hosts substantial and proven reserves of silver, lead, zinc, tungsten, and copper, alongside deposits of germanium, hafnium, gallium, and antimony – minerals that are increasingly critical to cutting-edge technologies, including fibre optics, night vision devices, aerospace alloys, and 5G networks.

The investment will enhance the extraction of these valuable resources and play a crucial role in strengthening America’s supply chain security. By enabling a domestic source for germanium, hafnium, gallium, and antimony – metals required in strategic industries vital to national security and technological advancement – the Darwin Mine will reduce US dependence on foreign sources for these critical minerals.

In addition to the immediate development and modernisation efforts, Darwin Financial Company and INYOAG LLC are planning several future projects to further enhance the mine’s value and contribution to the US economy and supply chain resilience. These include:

• 100 MW solar project: This project will utilise existing conduit rights of way to local power authorities to support sustainable energy production for the mine and surrounding areas.
• 50M off-grid data centre: The mine’s naturally cooled limestone crust will be used to design new chambers that will house a cutting-edge data center for applications such as AI, bitcoin mining, and other computationally intensive operations.
• Real estate development: Plans are in progress to develop housing for mine employees to ensure a stable and committed workforce.

“This agreement marks a significant milestone in our mission to secure America’s critical mineral future,” said Derek Pew, Managing Partner of Darwin Financial Company. “By partnering with INYOAG, we’re not just investing in a mine – we’re investing in US technological leadership and national security. The Darwin Mine has the potential to significantly contribute to domestic production of critical minerals like germanium, hafnium, and gallium, reducing our dependence on foreign sources for these vital materials.”

“We are thrilled to partner with Darwin Financial Company on this crucial project,” Jack Stone of INYOAG LLC stated. “Their support will enable us to accelerate the development of the Darwin Mine, unlocking its full potential as a reliable, domestic source of strategic minerals. This partnership aligns perfectly with our vision of revitalising American mining to meet the challenges of the 21st century.”

Read the article online at: https://www.globalminingreview.com/mining/11112024/darwin-financing-company-announces-financing-agreement-with-inyoag-llc/