Investing in the Mining Expertise of St. Louis County, MN
Mining Ore for Over 140 Years
St. Louis County in northeastern Minnesota is an area that has mined ore for over 140 years. America was built with iron first mined here. Yet opportunities have been dwindling. NewRange is the right project in the right place to revitalize an existing skilled workforce and infrastructure to grow the local and state economy.
Large Scale-Spending
We are investing $170 million initially and intend to responsibly develop resources with over $1 billion for future economic growth.
More Lasting Careers and Jobs
Our NorthMet project alone is expected to create over 360 family-sustaining, full-time jobs, plus 700 jobs at peak construction, and stimulate other local partner businesses.
Tapping the Potential of St. Louis County
NewRange operates in St. Louis County, MN, which has below-average household incomes and elevated poverty rates compared to the state average.
Tax Revenues for Local Schools and Services
Tax contributions of $34 million at the federal level and $30 million at the state and local levels have the potential to drastically increase school district funding and improve living conditions.
Working for better safety and efficiency
Our commitment to community partnerships is evident in our 2024 cooperation agreement with the United Steelworkers and the ongoing commitment of our Project Labor Agreement with the Building Trades. Led by General Manager Tannice McCoy, we take pride in our 30% female workforce and remain dedicated to expanding diversity within our team.
Support America’s National Security
NewRange projects provide a reliable, domestic supply chain of multiple clean energy minerals that are critical to a strong national defense.
- Copper production enables the creation, conduction and storage of electricity, and it is also a key component in tactical armor build.
- Nickel production enables the creation of high-temperature aerospace alloys, stainless steel and chemicals for lithium-ion batteries.
- Cobalt production enables the creation of military technologies such as smart bombs, aircrafts and precision-guided missiles.
Become Less Dependent on Foreign Resources
While current U.S. copper, nickel and cobalt production is insufficient to meet domestic needs today, the United States does have the resource potential that can be unlocked with the right policies.
- The U.S. relies on foreign countries for more than 46% of its copper. NewRange controls 16.2 million tons of copper resource.
- The U.S. relies on foreign countries for more than 55% of its nickel. NewRange controls 4 million tons of nickel resource.
- The U.S. relies on foreign countries for more than 76% of its cobalt. NewRange controls 329,000 tons of cobalt resource.