Fortitude Gold Receives Power Grid Approval
Fortitude Gold (OTCQB:FTCO), a gold producer in Nevada, has received Bureau of Land Management approval for its Isabella Pearl powerline project. The categorical exclusion authorization allows NV Energy to connect the Isabella Pearl Mine to the local power grid. The company is now working with NV Energy to establish a pre-construction schedule for the connection project.
This development represents a significant step forward for Fortitude Gold's operations, as it will help reduce energy costs at the Isabella Pearl Mine. The approval marks the clearance of previously delayed permits, suggesting potential improvements in the permitting process for future projects.
Fortitude Gold (OTCQB:FTCO), un produttore d'oro in Nevada, ha ottenuto l'approvazione dal Bureau of Land Management per il progetto della linea elettrica Isabella Pearl. L'autorizzazione tramite esclusione categorica consente a NV Energy di collegare la miniera Isabella Pearl alla rete elettrica locale. L'azienda sta ora collaborando con NV Energy per definire un calendario pre-costruzione per il progetto di collegamento.
Questo sviluppo rappresenta un passo importante per le operazioni di Fortitude Gold, poich茅 contribuir脿 a ridurre i costi energetici presso la miniera Isabella Pearl. L'approvazione segna lo sblocco di permessi precedentemente ritardati, indicando possibili miglioramenti nel processo di autorizzazione per progetti futuri.
Fortitude Gold (OTCQB:FTCO), un productor de oro en Nevada, ha recibido la aprobaci贸n de la Oficina de Administraci贸n de Tierras para su proyecto de l铆nea el茅ctrica Isabella Pearl. La autorizaci贸n de exclusi贸n categ贸rica permite que NV Energy conecte la mina Isabella Pearl a la red el茅ctrica local. La compa帽铆a est谩 trabajando ahora con NV Energy para establecer un cronograma previo a la construcci贸n para el proyecto de conexi贸n.
Este desarrollo representa un avance significativo para las operaciones de Fortitude Gold, ya que ayudar谩 a reducir los costos de energ铆a en la mina Isabella Pearl. La aprobaci贸n marca la liberaci贸n de permisos que hab铆an sido retrasados anteriormente, lo que sugiere posibles mejoras en el proceso de permisos para proyectos futuros.
Fortitude Gold (OTCQB:FTCO), 雱る皵雼れ棎 鞙勳箻頃� 旮� 靸濎偘鞐呾泊臧� Isabella Pearl 鞝勲牓靹� 頂勲鞝濏姼鞐� 雽�頃� 韱犾甏�毽淡(Bureau of Land Management)鞚� 鞀轨澑鞚� 氚涭晿鞀惦媹雼�. 鞚� 氩旍＜鞝� 鞝滌櫢 項堦皜電� NV Energy臧� Isabella Pearl 甏戩偘鞚� 歆�鞐� 鞝勲牓毵濎棎 鞐瓣舶頃� 靾� 鞛堧弰搿� 項堨毄頃╇媹雼�. 須岇偓電� 順勳灛 NV Energy鞕� 順戨牓頃橃棳 鞐瓣舶 頂勲鞝濏姼鞚� 靷爠 瓯挫劋 鞚检爼鞚� 靾橂頃橁碃 鞛堨姷雼堧嫟.
鞚� 臧滊皽鞚� Fortitude Gold鞚� 鞖挫榿鞐� 欷戩殧頃� 歆勳爠鞚� 鞚橂頃橂┌, Isabella Pearl 甏戩偘鞚� 鞐愲剤歆� 牍勳毄 鞝堦皭鞐� 霃勳泙鞚� 霅� 瓴冹瀰雼堧嫟. 鞚措矆 鞀轨澑鞚� 鞚挫爠鞐� 歆�鞐半悩鞐堧崢 項堦皜臧� 頃搓舶霅橃棃鞚岇潉 雮橅儉雮措┌, 頄ロ泟 頂勲鞝濏姼 項堦皜 鞝堨皑鞚� 臧滌劆 臧�電レ劚鞚� 鞁滌偓頃╇媹雼�.
Fortitude Gold (OTCQB:FTCO), un producteur d'or au Nevada, a obtenu l'approbation du Bureau of Land Management pour son projet de ligne 茅lectrique Isabella Pearl. L'autorisation d'exclusion cat茅gorique permet 脿 NV Energy de connecter la mine Isabella Pearl au r茅seau 茅lectrique local. La soci茅t茅 travaille d茅sormais avec NV Energy pour 茅tablir un calendrier pr茅-construction pour le projet de connexion.
Ce d茅veloppement repr茅sente une avanc茅e significative pour les op茅rations de Fortitude Gold, car il contribuera 脿 r茅duire les co没ts 茅nerg茅tiques de la mine Isabella Pearl. Cette approbation marque la lev茅e de permis pr茅c茅demment retard茅s, sugg茅rant des am茅liorations potentielles dans le processus d'autorisation pour les projets futurs.
Fortitude Gold (OTCQB:FTCO), ein Goldproduzent in Nevada, hat die Genehmigung des Bureau of Land Management f眉r sein Isabella Pearl Stromleitungsprojekt erhalten. Die kategorische Ausschlussgenehmigung erlaubt es NV Energy, die Isabella Pearl Mine an das lokale Stromnetz anzuschlie脽en. Das Unternehmen arbeitet nun mit NV Energy zusammen, um einen Vorbauzeitplan f眉r das Anschlussprojekt zu erstellen.
Diese Entwicklung stellt einen bedeutenden Fortschritt f眉r die Aktivit盲ten von Fortitude Gold dar, da sie dazu beitragen wird, die Energiekosten in der Isabella Pearl Mine zu senken. Die Genehmigung markiert die Freigabe zuvor verz枚gerter Genehmigungen und deutet auf m枚gliche Verbesserungen im Genehmigungsverfahren f眉r zuk眉nftige Projekte hin.
- Connection to power grid will reduce energy costs at Isabella Pearl Mine
- Regulatory approval received for powerline project
- Progress in clearing delayed permits suggests faster approvals for future projects
- Timeline for project completion not yet established
COLORADO SPRINGS, CO / / August 5, 2025 / Fortitude Gold (OTCQB:FTCO) (the "Company") today announced the Bureau of Land Management published a categorical exclusion authorization for the Isabella Pearl powerline project, which grants approval to NV Energy to connect the Isabella Pearl Mine to the local power grid. 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.
The Company is currently in discussions with NV Energy to set a pre-construction schedule and timeline for the connection project.
"We look forward to lowering our energy costs and are pleased to watch this federal administration clear out the legacy Biden permit backlog," stated Fortitude Gold CEO and President, Mr. Jason Reid. "It is great to see this long-delayed project finally move forward with approval and we are optimistic that future permitting will move forward in a more expedited way."
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 seven high-grade gold properties located in the Walker Lane Mineral Belt and an eighth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production and County Line is our next targeted mine build. 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, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. 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. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause future actual results to differ materially from those expressed or implied by any forward-looking statements. Also, there can be no assurance that production will continue at any specific rate.
CONTACT:
Greg Patterson
719-717-9825
[email protected]
SOURCE: Fortitude Gold Corp
View the original on ACCESS Newswire
FAQ
What approval did Fortitude Gold (FTCO) receive for its Isabella Pearl Mine?
How will the power grid connection benefit Fortitude Gold's Isabella Pearl Mine?
What is the current status of Fortitude Gold's powerline project?
Where are Fortitude Gold's mining operations located?
