Nevada’s reputation as a Tier 1 mining jurisdiction is partially due to its pro-active mining development policies and support for the mining industry.
With a long mining history and large modern mining sector, permitting new mines in Nevada is much more straight-forward and streamlined than most other jurisdictions.
For Rhyolite Ridge, it is notable that heap leaching was first developed in Nevada and many heap leach mines have been permitted in Nevada.
The permitting of Rhyolite Ridge is simplified by the area having no competing land uses or nearby residents.
Rhyolite Ridge is located on Federal Bureau of Land Management (“BLM”) land. Nevada leads the nation with the largest mining program in the BLM, with more than 180,000 active mining claims (49% of the BLM total), 198 authorised mining plans of operations, and 282 active exploration notices.
Global Geoscience has formally commenced the permitting process with the BLM. Permitting will require completion of either an Environmental Assessment (“EA”) or an Environmental Impact Statement (“EIS”) as determined by the BLM. Rhyolite Ridge may be eligible for a fast-track EA permit as the footprint of the project submitted to the BLM is less than one square mile.
Rhyolite Ridge may benefit from the US Government’s renewed emphasis on domestic supplies of critical minerals such as lithium. This project’s strategic location was reinforced on 20 December 2017 when President Trump signed an Executive Order titled a “Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals”.
Rhyolite Ridge is very well positioned to become and major US domestic producer capable of supplying a significant portion of future American demand for lithium and boron.