Fortitude Gold's Isabella Pearl Connects to Power Grid

Rhea-AI Summary

Fortitude Gold (OTCQB:FTCO) connected its Isabella Pearl Project in Mineral County, Nevada, to the electrical power grid via a new four-mile NV Energy line. Grid power is expected to lower production costs and emissions, with estimated monthly energy cost savings of $80,000–$100,000.

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Positive

• Isabella Pearl connected to grid via new four-mile NV Energy line
• Estimated monthly energy cost savings of $80,000 to $100,000
• $1.4 million grid power investment now supports long-term processing facility
• Transition from diesel generators expected to lower site emissions

Negative

• Energy permit approval reportedly delayed over four years by permit backlog
• Company previously relied on higher-cost diesel-powered generators

News Market Reaction – FTCO

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COLORADO SPRINGS, CO / ACCESS Newswire / May 20, 2026 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announces the Company's Isabella Pearl Project has been successfully connected to the power grid in Mineral County, Nevada. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

NV Energy completed construction of a four-mile power line stretch to the Company's Isabella Pearl Project from a local substation for electrical grid power connection. Now complete, grid power is projected to lower production costs and lower emissions as the Company transitions away from higher cost diesel-powered generators. Cost savings converting to grid power are estimated to range from $80,000 to $100,000 per month.

"We are extremely excited to connect to the power grid at our Isabella Pearl Project," stated Fortitude Gold CEO and President, Mr. Jason Reid. "Decreasing our diesel consumption is expected to deliver substantial energy cost savings."

Mr. Reid continued, "While this project was unnecessarily delayed for over four years by the previous Biden Administration's permit backlog, I would like to thank the pro-energy, pro-mining Trump Administration for their support and direction in delivering our energy permit approval. Though we paid for most of the grid power project during the previous administration who locked up our investment with its permit backlog, we are excited to finally see our one point four-million-dollar energy investment come to fruition for the long-term future of our Isabella Pearl processing facility."

About Fortitude Gold Corp.:

Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free, and distribute dividends. The Company's Nevada Mining Unit consists of eight high-grade gold properties. Fortitude Gold owns 100% of its properties, with the exception of East Camp Douglas, which is held in a joint venture with Fortitude owning 60%. The Isabella Pearl, Scarlet South, and County Line Mines are currently in production in Mineral and Nye Counties, Nevada. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.

Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy and future plans for production. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release.

Contact:

Greg Patterson
719-717-9825
greg.patterson@fortitudegold.com
www.Fortitudegold.com

SOURCE: Fortitude Gold Corp

View the original press release on ACCESS Newswire

FAQ

What did Fortitude Gold (OTCQB:FTCO) announce about the Isabella Pearl power connection on May 20, 2026?

Fortitude Gold announced that its Isabella Pearl Project is now connected to the regional power grid. According to Fortitude Gold, a four-mile NV Energy power line from a local substation enables grid electricity, supporting long-term operations at the Nevada gold processing facility.

How much does Fortitude Gold expect to save from Isabella Pearl’s grid power connection (FTCO)?

Fortitude Gold expects significant monthly energy savings from the new grid connection. According to Fortitude Gold, shifting from diesel generators to grid power is estimated to reduce energy costs by approximately $80,000 to $100,000 per month at the Isabella Pearl Project.

How will the Isabella Pearl grid connection affect Fortitude Gold’s production costs and emissions (FTCO)?

The grid connection is expected to lower both production costs and emissions at Isabella Pearl. According to Fortitude Gold, replacing higher-cost diesel-powered generators with grid electricity should reduce operating expenses and decrease diesel consumption, supporting more efficient and environmentally conscious gold production in Nevada.

What infrastructure was built to connect Fortitude Gold’s Isabella Pearl mine to the power grid?

A new four-mile power line was constructed to link Isabella Pearl to the grid. According to Fortitude Gold, NV Energy completed the line from a local substation, providing electrical grid power directly to the company’s processing facilities in Mineral County, Nevada.

How much did Fortitude Gold invest in the Isabella Pearl grid power project?

Fortitude Gold reports investing about $1.4 million in the Isabella Pearl grid power project. According to Fortitude Gold, this investment is now delivering value through long-term grid access, supporting lower energy costs and improved operational reliability at the Nevada gold processing facility.

What caused delays in Fortitude Gold’s Isabella Pearl grid power approval, according to the company?

Fortitude Gold attributes more than four years of delay to a federal permit backlog. According to Fortitude Gold, this backlog postponed approval of its energy permit, temporarily locking up much of the $1.4 million invested in the Isabella Pearl grid power initiative.