NewRange Embarks on Project-Wide Studies to Further Enhance Environmental Safeguards and Project Performance

The new team's global expertise ensures Minnesotans and the nation benefit from a world-class, cutting-edge project on one of the world's largest undeveloped copper and nickel resources

Hoyt Lakes, Minnesota--(Newsfile Corp. - August 14, 2024) - NewRange Copper Nickel today announced that over the next year it is embarking on four key studies to assess whether new mining technology and sustainability developments can further enhance environmental safeguards and mining performance for our NorthMet project.

NewRange brings a new team whose global expertise on tailings storage, water science, efficient production and carbon reduction will ensure the project remains on the cutting edge, so that Minnesotans and the nation can benefit from responsible clean energy mineral resource development.

The studies position NewRange, one of the world's largest undeveloped deposits of copper and nickel, to meaningfully support the United States' clean energy transition and compete in the global economy by creating a domestic supply chain of multiple clean energy minerals - while limiting new environmental impacts and cleaning up former mine sites.

"As momentum continues to sustainably develop NewRange, we are sharing our plans before studies are complete, because transparency and engagement with Tribal Nations, local communities and other stakeholders are foundational to the review process and contributes to development of a world class mine on Minnesota's Iron Range," said Tannice McCoy, NewRange President and General Manager.

Current plans are designed to meet all permitting requirements. Proposed changes may be subject to supplemental environmental review and permitting and will include multiple opportunities for public comment and feedback. NewRange is committed to moving forward as an engaged community partner - with a project that meets environmental performance and sustainable mine design standards that cleans up and preserves our rivers and lakes and safeguards water quality for generations to come.

Tailings Storage

NewRange is studying a variety of tailings storage options that will minimize impact by reusing the former LTV iron ore tailings facility and clean up impacts from previous iron mining operations, leaving the region in better condition than it is today. Options include keeping the current design detailed in permits, potentially refining the current design to use a centerline dam design, or possibly relocating tailings storage to nearby unused mining pits.