Latest Nevada Projects News

Infinity Metals has cut the equity consideration for its Tule Canyon acquisition option by A$10,000, reducing the maximum issue from 10 million to 9 million shares. The revised terms are designed to keep the related-party transaction below the ASX threshold requiring shareholder approval and an independent expert report.

Fulcrum Lithium has staked 41 additional claims around its Alkali Flats project in Nevada and reported up to 79% lithium extraction from acid-free roast and water-leach tests. The results improve on earlier water-leach work, although they remain below the company’s 93% to 96% sulfuric-acid benchmark and come from scoping-level tests.

G50 Corp has moved from early-stage exploration towards a two-project drilling campaign, backed by a post-year-end A$26.25 million placement. The company remains loss-making and reliant on exploration success, but says the capital allows uninterrupted work at its Arizona and Nevada projects.

ACDC Metals enters FY27 with a larger Nevada exploration footprint and a 10-year licence over its Goschen Central rare earths project, but a sharply higher annual loss and ongoing funding needs remain part of the picture. The company plans up to 2,500 metres of reverse-circulation drilling at Mount Jackson in Q4 CY2026.

Western Ridge Resources reported a $12.22 million loss for the year ended 30 June 2026, with cash falling to $407,860 and its auditor warning of a material uncertainty over the company’s ability to continue as a going concern. The company is now relying on Keystone drilling and further funding to advance its Nevada exploration strategy.

Altitude Minerals has secured a $1.215 million placement and plans a further $1.487 million rights issue to fund drilling at its Nevada gold-silver projects. The raising offers free options, but shareholders who do not participate in the non-renounceable offer face dilution.

Viking Mines has reported high-grade tungsten mineralisation up to 2.7% WO3 at its Long and Terrell Projects in Nevada, expanding the potential of its tungsten portfolio beyond the flagship Linka Project.

Sierra Nevada Gold (ASX: SNX) has completed a $12.85 million capital raise to fund an aggressive Phase 2 drilling campaign at its As Safra Copper-Gold Project in Saudi Arabia, supported by strong institutional backing.

Bayan Mining has finalised the sale of its Bayan Springs North Project to Sun Silver, securing upfront and contingent payments while retaining a 1% royalty to maintain exposure to future exploration success.

Bison Resources has identified additional widespread jasperoidal alteration and gossanous breccia at its Bald Peaks Project in Nevada, reinforcing the presence of a large-scale Carlin-type mineral system. Extensive rock chip and soil sampling programs are underway, with assay results pending and maiden drilling planned.

Viking Mines has secured full permitting and contractor engagement for its maiden 63-hole drilling campaign at the Linka Tungsten Project in Nevada, alongside metallurgical testwork exceeding recovery targets and a strategic divestment of its First Hit Gold Project.

Bison Resources (ASX: BSR) has launched its maiden exploration campaign across four Nevada projects following a $5.5 million IPO, revealing a promising 1.5-kilometre arsenic-antimony anomaly at Bald Peaks indicative of a Carlin-type gold system.