Darwin Financial reaches $55m deal to revitalize historic California critical minerals mine  

The Darwin project aims to revitalize a historically significant mining operation with over $749 million previously invested in existing infrastructure. DFC said the mine hosts substantial and proven reserves of silver, lead, zinc, tungsten, and copper, alongside deposits of germanium, hafnium, gallium, and antimony—minerals critical to technologies including fiber optics, night vision devices, aerospace alloys, and 5G networks. 

The investment will support the expansion and modernization of the mine’s operations, focusing on extracting minerals crucial to US technology and defense industries, DFC said, adding that the project aims to play a crucial role in strengthening America’s supply chain security by reducing US dependence on foreign sources for these critical minerals. 

DFC and INYOAG LLC are also planning a 100MW solar project that will utilize existing conduit rights of way to local power authorities to support sustainable energy production for the mine and surrounding areas. 

The company also said the mine’s naturally cooled limestone crust will be used to design new chambers that will house a cutting-edge data center for AI and bitcoin mining.  

“This agreement marks a significant milestone in our mission to secure America’s critical mineral future,” Derek Pew, DFC managing partner said in a news release. “By partnering with INYOAG, we’re not just investing in a mine – we’re investing in U.S. technological leadership and national security.”