Breaking News, Latest News, World News, India News, Cricket, Videos & Photos

Hyperion Grows Land Position at the Titan Project By 78%


CHARLOTTE, N.C.–()–Hyperion Metals Limited (ASX: HYM) is pleased to advise that it has increased its land position at the Titan Critical Minerals Project in west Tennessee by 4,794 acres to 10,905 acres, a 78% increase in landholding. The Titan Project, already the largest titanium, zircon and rare earth minerals project in the USA, now has a larger platform of highly prospective land that will allow sustained growth in the mineral resource.

The new landholdings include mineral rights contiguous to the recently reported mineral resource estimate at the Titan Project of 431Mt @ 2.2% THM, with the Company continuing to make excellent progress on its successful land consolidation strategy, which has increased landholdings by 419% from its initial 2,100 acre position in September 2020.

Hyperion has also acquired land positions over greenfield locations up to 80 kilometers from the Titan Project, with planned exploration work on these properties to help guide future land consolidation.

Hyperion’s landholdings benefit from significant cost advantages due to the location and proximity to low cost, world-class infrastructure, expected to provide material cost and logistics advantages compared to projects located in more remote areas, as well as a large skilled loc al labor pool, low-cost power and gas and abundant transportation infrastructure.

These factors have contributed to a huge amount of recent investment in Tennessee, highlighting the region as a leading jurisdiction for business, including by major auto manufacturers Ford and Volkswagen, world leading battery producers LG Chem and SK Innovation, as well as major chemical organizations and end users including Chemours.

Anastasios (Taso) Arima, CEO and Managing Director said:

“We are very proud of the Hyperion team on the ground in Tennessee who have rapidly grown the Company’s land position by a factor of 5 since listing on the ASX in September 2020.

We are also highly appreciative of the deep support we have received from the local west Tennessee community that will help us to establish zero carbon, sustainable, critical material supply chains for advanced American industries.

The Titan Project has a compelling combination of scale, grade, high value critical mineral products, low-cost inputs, world class infrastructure and location, and we look forward to rapidly advancing this critical mineral project.”

Full details of the announcement can be found here.



Source link

The content is by Business Wire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept

Privacy & Cookies Policy