ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
Related topics
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Javelin Securities Sponsored Qualified Opportunity Zone – Darwin Mine

July 22, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Jul 22, 2021--

The restarting of the historic Darwin Mine was voted America’s Top OZ Project at the Denver CO OZ Conference on July 17th. This fund was one of 8 projects selected to present and was given the top prize by a panel of experts.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210722005287/en/

Jack Stone receiving the award for the top American Opportunity Zone Project. (Photo: Business Wire)

Jack Stone, owner & CEO of the Darwin Mines, says, “We were glad to be recognized as the most promising OZ project. Vast existing tunnels will allow us to quickly access the rich minerals and metals to produce income for investors and created much needed jobs for this community. The Zinc deposits are especially needed to offset the shrinking supply to the agriculture and animal feed space.”

ADVERTISEMENT

This $330 million project is offering $66 million to investors through the Inyoag OZ Fund. Since existing mine shafts are already drilled into high grade quality Zinc and Silver beds, the start-up funds will immediately be used for new rail, ventilation, and processing mill upgrades. While most mines require ten+ years to begin operations, Darwin is expected to begin within six months of funding. The high current demand for the easily accessible Zinc, Silver and Copper from this first phase is expected to make this project profitable year one.

Wally Sullivan, CEO of Javelin Securities and sponsor of the Inyoag OZ Fund commented: “It’s critical that U.S. mines like Darwin come back online to keep pace with the Green Technology Revolution. This mine has 9 critical minerals with demand for these minerals expected to quadruple by 2040.”

This is the only independent mining project of its kind being offered within an Opportunity Zone. This property has enough known materials to last for the next 100+ years. With a backdrop of inflation and expected higher taxes, this project represents an opportunity to diversify into income producing hard assets and benefit from rebounding metals prices, all while enjoying the OZ tax benefits.

Javelin Securities is a FINRA registered broker dealer focused on vetting and raising capital for Qualified Opportunity Zone projects. For more information associated with our current projects please contact us at info@thejavelin.com.

ADVERTISEMENT

FOLLOW US:
https://www.thejavelin.com

https://www.darwinmine.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20210722005287/en/

CONTACT: Wally Sullivan 617.240.6020

info@thejavelin.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK COLORADO

INDUSTRY KEYWORD: PROFESSIONAL SERVICES NATURAL RESOURCES VENTURE CAPITAL MINING/MINERALS

SOURCE: Javelin Securities

Copyright Business Wire 2021.

PUB: 07/22/2021 10:00 AM/DISC: 07/22/2021 10:02 AM

http://www.businesswire.com/news/home/20210722005287/en