Latest Nevada Usa News

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.

Desert Minerals has delivered a maiden JORC Mineral Resource Estimate for its Scotty Lithium Project in Nevada, outlining a substantial lithium clay deposit of 264.9 million tonnes at 1,006 ppm lithium, alongside a sizeable Exploration Target that hints at further growth.

Deterra Royalties delivered a 5% increase in statutory net profit to $164.2 million for FY26, underpinned by record Mining Area C volumes and strategic asset sales. The company declared a fully franked final dividend of 10.8 cents, maintaining a 75% payout ratio, while advancing the Thacker Pass lithium project on schedule for late 2027 production.

Sierra Nevada Gold (ASX: SNX) is refocusing its exploration budget and management attention on its promising As Safra copper-gold project in Saudi Arabia, triggering a strategic review and commercialisation of its Nevada, USA portfolio which is attracting strong buyer interest.

Mammoth Minerals has confirmed significant shallow gold mineralisation extending 700 metres along the Buster trend at its Excelsior Gold-Silver Project in Nevada, signalling potential for a larger Carlin-type gold system. Drilling has now shifted to the high-grade Blue Dick Silver Prospect with results expected soon.

Sun Silver has significantly expanded its Maverick Silver Project in Nevada by acquiring the Bayan Springs North Project and staking additional claims, consolidating a continuous 15-kilometre corridor with minimal prior drilling and a promising new exploration target.

Venari Minerals has raised an oversubscribed $6.1 million to fund key development stages at its Red Mountain Lithium and Strategic Minerals Project in Nevada, including resource upgrades and a scoping study targeted for early 2027.

Nelson Resources has reported exceptional underground channel sampling results from its Orleans Mine in Nevada, revealing bonanza silver and high-grade gold mineralisation. The company is preparing to launch diamond drilling to test extensions beyond existing workings.

Marquee Resources (ASX:MQR) is raising just over $1 million through a non-renounceable rights issue priced at half a cent per share, accompanied by free attaching options. The capital raise aims to support ongoing exploration and the recent acquisition of the Tungsten Mountain Project in Nevada.

Venari Metals has agreed to sell its Georgina Basin IOCG Project in the Northern Territory to UK-listed Alien Minerals, marking a strategic shift towards its lithium and critical metals operations in Nevada. The deal includes cash, equity, and a technical services agreement, but will trigger a significant accounting loss.

Sentinel Metals has locked in a $15 million institutional placement to fund its acquisition of the 1.01Moz Big Springs Gold Project in Nevada, positioning itself as a growing North American gold player.

OD6 Metals has unveiled a series of new high-priority drill targets at its Quinn Fluorspar Project in Nevada, highlighted by exceptional soil fluorine values that suggest extensive high-grade mineralisation over an 8km corridor.