This post was originally published on this site.ACG Metals (LON: ACG) has entered a binding agreement with Meta Nikel Kobalt Madencilik Sanayi ve Ticaret A.Ş. to acquire 100% of a Turkish Mining licence that contains the Keşkek gold project in Türkiye for over $7 million.  Keşkek is located about 43 miles from the company’s Gediktepe mine and is expected to provide additional oxide ore for the company’s existing heap-leach facility. ACG will initially pay $4 million for the license, and pay the following $3.85 million in mid-2027 upon first gold production. Production from Keşkek is expected to prolong the operating life...

This post was originally published on this site.North America’s push to reduce its dependence on China for critical minerals is running up against a problem that permitting reform alone cannot solve: it still takes years to determine whether many mining projects are technically and economically viable.  In the US, moving a mineral deposit from discovery through development and into commercial production can take more than 30 years, encompassing engineering, technical validation, financing and permitting.  National security and procurement objectives, by contrast, tend to operate on timelines measured in years rather than decades.  The engineering and technical studies required to move projects toward financing and construction represent an overlooked bottleneck in the race to establish domestic critical minerals supply chains. ...