Great Northern Minerals (GNM) has completed the acquisition of the Catalyst Ridge antimony and rare earth element (REE) project within the Mountain Pass district in the Mojave Desert of California, USA.
This project encompasses four distinct claim areas totaling 214 vein mining claims and covering approximately 18 km.
The transaction follows shareholder approval at the annual general meeting (AGM) on October 22, 2025, as well as the completion of all necessary legal, technical and financial due diligence.
All other required conditions have been met or waived.
The company will now issue securities in exchange for the acquisition.
With exploration work progressing at the Catalyst Ridge project site, initial sampling results are anticipated in mid-November.
The acquisition positions Great Northern Minerals in a prime location for REE and antimony mining within the district.
Following the acquisition and completion of the associated capital raise, Great Northern Minerals is expected to have a cash balance of around $3.06 million.
GNM non-executive chairman Eddie King said: “The completion of the acquisition of the Catalyst Ridge Project is a significant milestone for GNM and comes at a time of unprecedented alignment between the United States and Australia on the future of critical minerals.
“The newly signed bilateral framework agreement includes commitments from both governments of more than $1 billion each to support an $8.5 billion project portfolio.
“We believe the Catalyst Ridge area is highly prospective for rare earth elements, antimony and potentially gold, and is well positioned to contribute significantly to the secure and diversified supply of critical minerals.”
“Great Northern Minerals Acquires Catalyst Ridge Project in California” was originally created and published by Mining Technology, a brand owned by GlobalData.
The information contained on this site has been included in good faith for general information purposes only. It is not intended to be advice on which you should rely, and we make no representation or warranty, whether express or implied, as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action based on the content on our site.