At the same time, the dominant Mexican-owned zinc supplier has indicated shrinking supply. The demand in prices for zinc, especially liquid sulfates and oxides, has dramatically increased for the agricultural and animal feed markets especially in California. Zinc processing technology has improved in just the past decade. Darwin already has tunnels dug into high-grade zinc beds. But perhaps the most compelling part of this project is the zinc. This includes significant silver, copper, and gold deposits. Multiple geologists’ reports are available on the website, indicate 100-plus years of material still to mine. Impressively, he was able to accomplish all of this, and prep the mine, spending approximately $28 million, and still remain debt-free. He then secured adequate water rights in the early ’90s, and, finally, he received all of the necessary permits to begin mining operations immediately. His success allowed him to slowly acquire all of the Darwin mine land patents. He has worked in almost every mine in Western United States as well as mines across four continents.
He built a successful welding business, and later a machine leasing company. After serving his country in the United States Marine Corps during Vietnam, Jack returned home and back into the mining industry. Jack Stone is the manager of this project, and worked in the Darwin mines as a young man, and was there when it closed. This strategic importance is reflected in the fact that some federal agencies have already signed LOIs for specific minerals in anticipation of this mine reopening. can no longer rely on China and other countries with long supply lines and growing geopolitical risk for these materials. It’s important that Darwin and other American mines reopen to fill this growing supply-demand gap. Whether you’re talking about wind, solar, or batteries, meeting our clean energy goals is not possible without these materials. Now fast forward 50 years, metals prices have rebounded and demand for most metals, including the nine critical minerals found in this mine, are expected to quadruple to keep pace with the clean energy technology trend. When the Chinese flooded the markets with supply in the early ’70s and collapsed the prices of metal, Darwin was shut down along with most U.S. It was the largest mining operation during World War I and II, and has never stopped producing. This area has always been known for its high-grade metals and minerals, and has attracted such mining names as the Rockefellers, Anaconda, and Cyprus. The town of Darwin is one of the most storied mining districts in U.S. The Inyoag OZ Funding LLC is the official name of the project that will be reopening the DarwinsMetals mining operations located in Inyo, California. Today I have the pleasure of presenting a truly unique and interesting project both from a historic and a risk-reward perspective. Javelin is a FINRA registered broker-dealer focused on vetting and raising capital for qualified OZ projects. Can tell us a little more about that? I’ll turn it over to you, you got 10 minutes. You had the USVI Hemp Fund back in November, you had the…it was a Bitcoin mining operation back in March, I believe, and now you’re here with some sort of metals mining operation, right? From Inyo County in California. I think this is the third OZ Pitch Day in a row you’ve presented a deal on. How are you doing? Good to see you again. Wally Sullivan is going to be presenting Darwin Mining, the Inyoag Fund.
Minor metal includes tellurium, germanium, indium and bismuth. The various ores making up the Darwin mine consist of a potpourri of base metals including tungsten and zinc (both oxide and sulfide), copper, silver, and lead. The Darwin Mine covers more than 1,000 acres of patented claims representing a dozen large-scale mining operations. The Darwin Mine, located in Inyo County, California, is one of America’s most storied mines.