Great Northern Minerals pivots to US critical minerals with acquisition of Catalyst Ridge Project

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5d ago 4:08

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Great Northern Minerals Ltd (ASX:GNM) general manager of US Projects Scott Downsborough talked with Proactive's Stephen about the company's strategic shift into the US critical minerals sector, following its acquisition of the Catalyst Ridge Project in California. Previously focused on gold exploration in Australia, the company has pivoted toward critical minerals, identifying the US as a key growth market. Downsborough noted this marks "the first project for Great Northern in this area and in this space", signalling a foundational step in its new direction. Catalyst Ridge is strategically located adjacent to MP Materials' rare earths operation in the Mountain Pass District—the only rare earths mine in the US. Downsborough highlighted major backing for the area, stating, "The US government has come out with some really strong support for MP Materials through a $400 million investment", with a further $500 million investment from Apple into local recycling infrastructure. Initial exploration will focus on rock chip and soil sampling, followed by drilling informed by early results. The company has also completed a A$2.60 million capital raise, aimed at funding early-stage exploration. "Over the next few weeks, we’ll have a more formal plan on how we propose to start those exploration works," Downsborough added. For more interviews like this, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe to the channel and enable notifications so you never miss an update. #CriticalMinerals #RareEarths #CatalystRidge #GreatNorthernMinerals #USMining #BatteryMetals #MPMaterials #ResourceExploration #MiningInvestment #ProactiveInvestors

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