CK Gold Project State-Only Mining Permits

permitted

The CK Gold Project in Wyoming achieved state-only permitting in approximately 20 months, significantly faster than the typical 5-15+ years required for federal review. The project strategically avoided federal oversight by maintaining operations entirely on Wyoming State land, excluding about 900,000 gold equivalent ounces from the current mine plan to maintain regulatory simplification. It is located near Cheyenne, Wyoming, and benefits from existing infrastructure such as competitive power pricing, municipal water supplies, and transportation corridors. The project is projected to generate 255 direct local jobs and operates under a 2.1% mineral lease royalty rate, contributing to state education funding. The initial capital expenditure for construction is estimated at $394 million.