Hecla Mining Company announced that its Libby Exploration Project in Montana was included in the Trump Administration’s critical mineral initiative on March 18, 2025. As a result, the project has been placed on the Federal Permitting Improvement Steering Council’s FAST-41 permitting dashboard.
This designation ensures that the environmental review and authorization schedule for the Libby Exploration Project will be publicly available, enhancing transparency for all stakeholders. The priority status is expected to help streamline the remaining permitting process as the project moves toward a final Record of Decision.
The Libby Exploration Project is a large silver and copper deposit, and this milestone positions Hecla well for future development optionality. While the company continues to evaluate project economics and technical challenges, the FAST-41 designation enhances the project's long-term potential by de-risking the federal approval timeline.
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