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- Hyperion Metals (HYM) has increased its land position by 55 per cent at the Titan Project in west Tennessee, USA
- The project now covers 2413.5 hectares and has the potential to be one of the United State’s largest source of critical metals
- Hyperion has already completed 5131 metres of drilling at Titan confirming high-grade mineralisation of critical metals
- The company has now moved drill rigs to the area and will undertake test work over the coming weeks
- On the market today, Hyperion is down 1.40 per cent and is trading at $1.06 per share
Hyperion Metals (HYM) has increased its land position by 55 per cent at the Titan Project in west Tennessee, USA.
The project now covers 5964 acres and has the potential to be one of the United State’s largest source of critical metals.
The additional land has been secured through option agreements signed with local landowners.
Managing Director Anastasios Arima is pleased to have secured a large area of additional property to the project.
“We are particularly excited by this new addition as historical drilling by
parties including DuPont and Altair International identified this area as having the potential to contain a highly prospective mineral rich core,” he said.
“We look forward to the upcoming delivery of an initial resource estimate and
subsequent scoping study for the Titan Project, which is anticipated to highlight its importance for the development of sustainable, domestically sourced critical minerals for advanced U.S. industries such asaerospace, EV’s, defence and renewables.”
Hyperion has already completed 5131 metres of drilling at Titan, this included 129 holes from its phase one to three drilling programs, confirming high-grade mineralisation of critical metals.
Results from this drilling are expected to lead to the delivery of an initial mineral resource esitmate in the coming weeks. The estimate will form the basis of the recently commenced scoping study, due in the third quarter.
“The scoping study is a key step in the development of the Titan Project into potentially one of the most important critical mineral-rich provinces in the U.S.,” the company said.
Hyperion Metals has now moved drill rigs to this area and will undertake test work over the coming weeks.
Critical minerals are metals and non-metals that are considered vital for the world’s major and emerging economies, yet whose supply may be at risk due to geological scarcity, trade or geopolitical issues. They include minerals used in mobile phones, flat screen monitors, wind turbines, electric cars, solar panels, and other high-tech applications.
On the market today, Hyperion is down 1.40 per cent and is trading at $1.06 per share at 12:28 pm AEST.
