What's Happening?
U.S. Gold has adopted Glencore Technology's Jameson Cell flotation technology to enhance gold and copper recovery at its CK Gold Project in Wyoming. This decision follows extensive engineering and optimization studies, which indicated that the Jameson Cell could significantly improve recovery rates compared to conventional methods. The technology, in use since 1986, was proposed as an upgrade in late 2024, and subsequent testing confirmed its effectiveness. The adoption of this technology is expected to increase the project's net present value by approximately $36 million over its lifespan.
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Why It's Important?
The integration of the Jameson Cell technology into the CK Gold Project represents a strategic move to enhance the project's economic viability. By improving metal recovery rates and reducing power consumption, U.S. Gold is positioning itself to be more competitive in the domestic production of strategic metals. This development is crucial as it aligns with broader industry trends towards more efficient and sustainable mining practices. The potential increase in the project's net present value underscores the financial benefits of adopting advanced technologies in mining operations.
What's Next?
U.S. Gold plans to continue optimizing the CK Gold Project with the support of Glencore Technology. The company has secured a pricing guarantee for unused Jameson Cells until October 2025, ensuring cost-effectiveness in future expansions. Additionally, with the final air quality permit already secured, U.S. Gold is well-positioned to advance the project, potentially leading to increased production and economic benefits for the region.
