About Us
History
Established in 1889, the Delamar mine site produced $25 million in gold and was Nevada's leading producer at the turn of the twentieth century.
Today, United Delamar Mine holds 144 patented load claims and four patented mill sites on roughly 4,000 acres, and hasn’t been actively mined in over 100 years.
Opportunity
If the number of $25M in gold is correct from 1895-1909 at $20.67/oz back in 1900 = 1,209,482 oz recovered. 1,209,482 oz x today's gold price of $3,300/oz is $4B.
With gold prices at record highs, we are looking for a company to partner with to extract the gold the old timers left behind.
Capturing 25% of that using today’s modern machinery would be 302,370 oz x $3,300/oz = $1B.
And by re-running tailings first, with advanced methods, there is potential for a Day One ROI.
There is also the possibility of capturing EV metals the old timers were not even looking for. Financing for EV metals is currently available through President Biden’s Defense Production Act ($750M) to encourage domestic production of minerals required to make batteries for electric vehicles and long-term energy storage, and to help the U.S. minimize dependence on foreign supply chains.
Advantages of working in Nevada vs other places in the world
- Historically very mining-friendly
- No need to worry about mineral resources being nationalized down the road
- Peace of mind of U.S. rule of law
- No long global supply chain costs and transportation from foreign countries
- Major electrical power lines close by
- Project is shovel-ready on a huge track of privately owned land
- Partnering up with an EV mining company could help reduce start-up costs and be a win-win
- No tariffs on lithium and other critical minerals