US Copper Welcomes Fast-Tracking of Mining Permits by the US Government
US Copper Corp. (TSXV: USCU) welcomes the US Department of Interior's emergency permitting procedures to accelerate domestic critical minerals development. The new policy, announced April 23, 2025, will reduce permitting reviews from multiple years to a maximum of 28 days, with environmental assessments shortened to 14 days.
The initiative, implemented through emergency authorities via the National Environmental Policy Act, aims to strengthen national energy independence. The policy change could directly benefit US Copper's Moonlight-Superior Project, a historical copper mine in California located 125 miles from Reno, Nevada.
CEO Stephen Dunn highlighted that this unprecedented change addresses the primary risk of permitting delays and could attract billions in new investment for building essential mines. The company aims to become an integral copper supplier to the U.S. domestic market, supporting critical applications in renewable power generation and electric vehicles.
US Copper Corp. (TSXV: USCU) accoglie con favore le procedure di autorizzazione d'emergenza del Dipartimento degli Interni degli Stati Uniti per accelerare lo sviluppo nazionale di minerali critici. La nuova politica, annunciata il 23 aprile 2025, ridurrà i tempi di revisione delle autorizzazioni da diversi anni a un massimo di 28 giorni, con le valutazioni ambientali abbreviate a 14 giorni.
L'iniziativa, attuata tramite poteri d'emergenza ai sensi del National Environmental Policy Act, mira a rafforzare l'indipendenza energetica nazionale. Il cambiamento di politica potrebbe beneficiare direttamente il progetto Moonlight-Superior di US Copper, una storica miniera di rame in California situata a 200 km da Reno, Nevada.
Il CEO Stephen Dunn ha sottolineato che questo cambiamento senza precedenti affronta il principale rischio legato ai ritardi nelle autorizzazioni e potrebbe attrarre miliardi di nuovi investimenti per la costruzione di miniere essenziali. L'azienda punta a diventare un fornitore chiave di rame per il mercato interno statunitense, sostenendo applicazioni critiche nella generazione di energia rinnovabile e nei veicoli elettrici.
US Copper Corp. (TSXV: USCU) da la bienvenida a los procedimientos de permisos de emergencia del Departamento del Interior de EE.UU. para acelerar el desarrollo nacional de minerales críticos. La nueva política, anunciada el 23 de abril de 2025, reducirá las revisiones de permisos de varios años a un máximo de 28 días, con evaluaciones ambientales acortadas a 14 días.
La iniciativa, implementada mediante autoridades de emergencia bajo la Ley Nacional de Política Ambiental, busca fortalecer la independencia energética nacional. El cambio de política podría beneficiar directamente al proyecto Moonlight-Superior de US Copper, una histórica mina de cobre en California ubicada a 200 km de Reno, Nevada.
El CEO Stephen Dunn destacó que este cambio sin precedentes aborda el principal riesgo de retrasos en los permisos y podría atraer miles de millones en nuevas inversiones para construir minas esenciales. La compañía aspira a convertirse en un proveedor clave de cobre para el mercado interno estadounidense, apoyando aplicaciones críticas en generación de energía renovable y vehículos eléctricos.
US Copper Corp. (TSXV: USCU)는 미국 내 필수 광물 개발을 가속화하기 위한 미국 내무부의 긴급 허가 절차를 환영합니다. 2025년 4월 23일 발표된 새로운 정책은 허가 심사 기간을 수년에서 최대 28일로 단축하며, 환경 평가 기간도 14일로 줄입니다.
국가환경정책법(National Environmental Policy Act)에 따른 긴급 권한을 통해 시행되는 이 이니셔티브는 국가 에너지 독립성을 강화하는 것을 목표로 합니다. 이 정책 변경은 네바다주 리노에서 200km 떨어진 캘리포니아의 역사적인 구리 광산인 US Copper의 Moonlight-Superior 프로젝트에 직접적인 혜택을 줄 수 있습니다.
CEO 스티븐 던은 이번 전례 없는 변화가 허가 지연이라는 주요 위험을 해결하며, 필수 광산 건설을 위한 수십억 달러의 신규 투자를 유치할 수 있다고 강조했습니다. 회사는 재생 에너지 발전과 전기차의 핵심 용도를 지원하는 미국 내 구리 공급의 핵심 공급자가 되는 것을 목표로 하고 있습니다.
US Copper Corp. (TSXV : USCU) salue les procédures d'autorisation d'urgence du Département de l'Intérieur des États-Unis visant à accélérer le développement national des minéraux critiques. La nouvelle politique, annoncée le 23 avril 2025, réduira les délais d'examen des permis de plusieurs années à un maximum de 28 jours, avec des évaluations environnementales raccourcies à 14 jours.
L'initiative, mise en œuvre par des pouvoirs d'urgence en vertu du National Environmental Policy Act, vise à renforcer l'indépendance énergétique nationale. Ce changement de politique pourrait bénéficier directement au projet Moonlight-Superior de US Copper, une mine de cuivre historique en Californie située à 200 km de Reno, Nevada.
Le PDG Stephen Dunn a souligné que ce changement sans précédent répond au principal risque lié aux retards d'autorisation et pourrait attirer des milliards de nouveaux investissements pour la construction de mines essentielles. L'entreprise ambitionne de devenir un fournisseur clé de cuivre pour le marché intérieur américain, soutenant des applications critiques dans la production d'énergie renouvelable et les véhicules électriques.
US Copper Corp. (TSXV: USCU) begrüßt die Notfallgenehmigungsverfahren des US-Innenministeriums zur Beschleunigung der inländischen Entwicklung kritischer Mineralien. Die neue Richtlinie, die am 23. April 2025 angekündigt wurde, verkürzt die Genehmigungsprüfungen von mehreren Jahren auf maximal 28 Tage, wobei Umweltbewertungen auf 14 Tage reduziert werden.
Die Initiative, die durch Notfallbefugnisse gemäß dem National Environmental Policy Act umgesetzt wird, zielt darauf ab, die nationale Energieunabhängigkeit zu stärken. Die politische Änderung könnte direkt das Moonlight-Superior-Projekt von US Copper begünstigen, eine historische Kupfermine in Kalifornien, etwa 200 km von Reno, Nevada, entfernt.
CEO Stephen Dunn betonte, dass diese beispiellose Änderung das Hauptrisiko von Genehmigungsverzögerungen adressiert und Milliarden an neuen Investitionen für den Bau wichtiger Minen anziehen könnte. Das Unternehmen strebt an, ein wesentlicher Kupferlieferant für den US-Inlandsmarkt zu werden und kritische Anwendungen in der erneuerbaren Energieerzeugung und in Elektrofahrzeugen zu unterstützen.
- Dramatic reduction in permitting timeline from years to 28 days maximum
- Environmental assessment period shortened to 14 days from one year
- Reduced permitting uncertainty could attract significant new investment
- Strategic position as potential domestic copper supplier for critical applications
- Historical mine requires restart and development investment
- Project still subject to regulatory approval despite expedited process
- The US Government has invoked emergency permitting procedures to accelerate the development of domestic critical minerals.
- The US Government said the measures would fast-track permitting reviews from "a multi-year process down to just 28 days at most."
- US Copper's Moonlight-Superior Copper Project is an historically operating mine with the potential to restart and become a domestic supplier of copper.
- Permitting uncertainty has been the most significant obstacle standing in the way of developing new mining projects like US Copper's Moonlight-Superior Project.
Toronto, Ontario--(Newsfile Corp. - April 28, 2025) - US Copper Corp., (TSXV: USCU) (FSE: C730) ("US Copper" or the "Company") is strongly supportive of the recent proposal by the US Department of the Interior to implement emergency permitting procedures to accelerate the development of domestic critical minerals and other energy projects, in response to US President Donald Trump's declaration of a "National Energy Emergency" on his first day in office.
In a news release on April 23, 2025, The US Department of the Interior outlined that the new permitting procedures would fast-track projects from "a multi-year process down to just 28 days at most."
"The US cannot afford to wait," Secretary of the Interior Doug Burgum said. "We are cutting through unnecessary delays to fast-track the development of American energy and critical minerals - resources that are essential to our economy, our military readiness, and our global competitiveness."
"By reducing a multi-year permitting process down to just 28 days, the Department will lead with urgency, resolve, and a clear focus on strengthening the nation's energy independence," he added.
The US Interior Department is using emergency authorities through the National Environmental Policy Act, the Endangered Species Act, and the National Historic Preservation Act to reduce review timelines, including those for environmental assessments from one year to around 14 days and for a full environmental impact statement from two years to roughly 28 days.
US Copper could directly benefit from this unprecedented policy change by the US Government. The Company is developing the Moonlight-Superior Project, which includes a historically operated copper mine in California, located approximately 125 miles Reno, Nevada. . Copper is a critical material for an extensive range of important applications ranging from renewable power generation to electric vehicles. As such, it is vital that the US has a strong and viable domestic source of copper supply.
Stephen Dunn, CEO of US Copper, commented, "The new and unprecedented US permitting policy change announced last week by the US Government is just what US Copper and the mining industry needs to attract the billions in new investment required for the building of the new mines that the country requires. The primary risk for our project has always been permitting delays which as noted above delay US-based mining by decades. With this exciting policy change, permitting uncertainty will be minimized and investment decisions will become more straightforward. US Copper is looking forward to accelerating the development of its Moonlight-Superior project so that it becomes an integral supplier of copper metal to the U.S. domestic market."
About US Copper Corp.
US Copper controls approximately 10 square miles of patented and unpatented federal mining claims in the Light's Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper (silver) sulfide and copper oxide resources in three deposits - Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets.
The Superior and Engels Mines operated from about 1915 to 1930 producing over 161 million pounds of copper from over 4 million tons of rock containing
The Moonlight deposit was discovered by Placer Amex during the 1960s and a resource was calculated after the drilling of over 400 holes. A development decision was made but then put on hold in 1972 when copper prices were weak. US Copper has owned the project since 2013 and has advanced the project with three different drill programs and a number of engineering studies.
US Copper recently reported an after-tax NPV of US
GRE calculated a new mineral resource for the purposes of this PEA that included all recent drill programs on the property. This resource is summarized below:
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1768/249954_uscopper_table.jpg
Notes:
1. The effective date of the Mineral Resource is December 16, 2024.
2. The Qualified Person for the Mineral Resource Estimate is Terre Lane of GRE.
3. Mineral resources are reported at a
Further details of this Resource, and the Preliminary Economic Assessment NI43-101 Technical Report on the Moonlight-Superior Project, Plumas County, California, USA with an effective date of December 16, 2024 can be found on SEDAR+ at sedarplus.ca or at the Company's website at www.uscoppercorp.com.
The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves under CIM Definition Standards. Readers are advised that there is no certainty that the results projected in this preliminary economic assessment will be realized.
For Further Information Contact:
Mr. Stephen Dunn, President, CEO and Director, US Copper Corp. (416) 361-2827 or email info@uscoppercorp.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "hopes", "anticipates", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedarplus.ca. Investors are cautioned not to place undue reliance upon forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249954
FAQ
How will the new US emergency permitting procedures affect USCUF's Moonlight-Superior Project timeline?
Where is USCUF's Moonlight-Superior copper project located?
What is the significance of the April 23, 2025 US Department of Interior announcement for mining companies?
How does USCUF plan to benefit from the new US permitting policy?
