Mining Stock Daily Introduction to GreenLight Metals and VMS Exploration in Wisconsin
May 5, 2025
Matt Filgate, CEO of GreenLight Metals, shares insights on the promising mining landscape in Wisconsin, especially for VMS deposits. He discusses the historic challenges that have shaped mining politics in the region and highlights the Bend project’s significant potential for copper and gold. The conversation also dives into the company’s financing strategies and market presence, emphasizing how community support and evolving attitudes toward mining could transform Wisconsin into a crucial player in the critical metals market.
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Wisconsin's Mining Revival
- Wisconsin has significant untapped VMS deposits due to a decades-long mining moratorium ended in 2017.
- New legislation cleared permitting hurdles, making it viable for companies like GreenLight Metals to explore and develop projects.
Geological Advantage of Southern Wisconsin
- Northern Wisconsin's heavy glaciation eroded oxide zones on deposits, unlike southern parts that are covered by sandstone.
- This gives southern formations, like GreenLight's Swede project, potential for preserved, high-grade ore similar to the historic Flambeau mine.
Wisconsin Drill Permit Efficiency
- Expect drill permits in Wisconsin to be issued within two to three months due to streamlined processes.
- This efficiency allows for faster exploration progress compared to many other jurisdictions.